ARC Advisory Group finds that the surge in e-commerce and new fulfillment models were beneficial for the Transportation Execution Systems (TES) industry. The transportation execution systems market grew significantly in 2023. Part of this is the nature of TES and the industries it serves, such as CPG and food & beverage in particular. As capacity constraints, port bottlenecks, and supply chain disruptions continue to hamper global supply chains, the need for visibility solutions is more important than ever. Visibility solutions are playing a larger role in the market, as the real-time tracking of assets becomes more important.
"The COVID-19 pandemic pushed e-commerce to levels that could not have been imagined; and the pace has not slowed. While this is putting an added strain on shippers and carriers to fulfill customer orders and meet expectations, it is a boon to the transportation execution systems market as retail, CPG, and food & beverage companies in particular look to meet growing demand. The need to know where a shipment is, and when it will arrive, continues to be top of mind for shippers and customers alike," according to Chris Cunnane, Director of Research and key author of ARC's Transportation Execution Marketplaces & Systems Market Research.
Transportation Execution Systems Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Blockchain Is Important for Some Industries
- IoT Drives Interest in the Market
- It’s All About the Data
- Visibility Solutions Are More Important
Leading Suppliers to the Transportation Execution Systems Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Descartes Systems, E2open, FourKites, Infor Nexus, Project 44.
About the Transportation Execution Systems Research
The Transportation Execution Marketplaces & Systems research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and three years of historical analysis. The research segmentation includes Industry, World Region, Revenue Type, Application Type, Customer Tier, Mode.
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