Transportation Management System Market worth $40.3 billion by 2029 - Exclusive Report by Marketsand

Sheetal2317 Jul, 2024Technology

The Transportation Management System Market is expected to reach USD 40.3 billion by 2029 from USD 16.0 billion in 2024, at a CAGR of 20.2 % during 2024--2029, according to a new report by MarketsandMarkets(TM).Environmental sustainability is becoming increasingly important for businesses and consumers alike. Governments are implementing stricter regulations to reduce carbon emissions, and companies are setting ambitious sustainability goals. TMS solutions support these efforts by optimizing routes to reduce fuel consumption, integrating electric and alternative fuel vehicles, and providing analytics to monitor and report on environmental impact. These capabilities help businesses minimize their carbon footprint and meet regulatory requirements while also potentially reducing costs associated with fuel and emissions.