The transportation management systems market grew almost 10 percent in 2007 to almost $1.2bn and continued to experience positive momentum in the first half of 2008. According to Adrian Gonzalez, director of ARC Advisory Group's Logistics Executive Council and author of the new study, Transportation Management Systems Worldwide Outlook, "2007 was a banner year for almost all TMS vendors. Although there were some changes in market share rankings, the reality is that most vendors continue to grow their revenues and client bases. In short, there are plenty of TMS sales opportunities available in the market for all vendors to benefit."
ARC is forecasting the TMS market to exceed $1.6bn by 2012, representing a compounded annual growth rate of 7.4 percent. However, several factors exist that could limit the market's growth potential next year and beyond.
Source: ARC Advisory Group
Timely, incisive articles delivered directly to your inbox.