How Has the Terminal Management System Market Size Evolved in Recent Years?
The terminal management system market has seen considerable growth due to a variety of factors.
• The terminal management system market has seen strong growth in recent years. It will increase from $1.21 billion in 2024 to $1.31 billion in 2025, with a CAGR of 8.4%.
The growth is driven by the expansion of container shipping, heightened environmental awareness, economic pressures leading companies to optimize operations, maritime industry growth, and modernization of rail networks.
What are the Market Size and Expected Growth Rates for the Terminal Management System Market?
The terminal management system market is expected to maintain its strong growth trajectory in upcoming years.
• The terminal management system market is expected to experience significant growth, reaching $6.92 billion by 2029 at a CAGR of 6.7%.
Growth is driven by the need for better asset management, increasing demand for automation, safety and security concerns in logistics, and the digital transformation of terminal operations. Key trends include cloud-based platforms, artificial intelligence and machine learning for efficiency, the rise of predictive analytics, and smart container tracking.
Which Key Drivers Are Propelling The Terminal Management System Market's Growth?
The terminal management system market's growth is expected to be fuelled by the expanding oil and gas sector. This industry's expansion is attributed to the growing worldwide energy demand, enhancements in extraction and production methods, and substantial investments in exploration and infrastructure. A Terminal Management System (TMS) enables the oil and gas sector to optimise receipt and dispatch activities, bolster inventory management, enhance resource distribution, guarantee safety adherence, and enable real-time tracking and blending processes. For instance, as reported by the US Energy Information Administration, a US government entity, in December 2021, the daily US oil production stood at 11.7 million barrels, whereas the natural gas production (gross withdrawals) was at 120.0 billion cubic feet. By December 2022, oil production had grown to 12.1 million barrels per day, whereas natural gas production had risen to 121.1 billion cubic feet per day. As a result, the thriving oil and gas sector is a significant factor contributing to the growth of the terminal management system market.
What Are The Key Segments Within The Global Terminal Management System Market?
The terminal management system market covered in this report is segmented –
1) By Offering: Hardware, Software And Services
2) By Project: Greenfield, Brownfield
3) By Application: Receipt Or Dispatch By Truck, Rail Wagon, Pipeline, Access Control, Inspections, Kiosk Functionality, Automatic Bay Or Berth Allocation, Sealing, Blending, Other Applications
4) By Vertical: Railway, Renewable Sector, Aviation Industry, Chemicals, Oil And Gas, Other Verticals
Subsegments:
1) By Hardware: Terminal Automation Equipment, Control Panels And HMI (Human-Machine Interface), Sensors And Instrumentation, Data Acquisition Devices
2) By Software: Terminal Management Software (TMS), Fleet Management Software, Inventory And Asset Tracking Software, Data Analytics And Reporting Software
3) By Services: Installation And Integration Services, Maintenance And Support Services, Consulting And Design Services, Training And Educational Services
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Which Emerging Market Trends Are Altering The Terminal Management System Industry?
Leading corporations in the terminal management system market are introducing pre-set versions of terminal management solutions to diminish the time for implementation, cut down costs, and assure rapid deployment, all whilst retaining adaptability and growth potential to cater to unique clientele requirements. Pre-set terminal management solutions can be described as pre-assembled, uniform software packages crafted to manage daily terminal activities with a slight need for customization. For example, Implico Group, a software company based in Germany, announced the launch of OpenTAS Go in September 2022. This is a pre-set edition of Implico's terminal management solution and it's structured to create a speedy-to-implement, easy-to-service system for all kinds and scales of tank terminals. It extends an all-inclusive cloud environment with standard microservices for data and procedural management, supervision, KPI reporting, and API-integrated functions.
Who Are the Key Players In The Terminal Management System Market?
Major companies operating in the terminal management system market are:
• Siemens AG
• Schneider Electric SE
• Honeywell International Inc.
• ABB Ltd.
• DP World Limited
• Emerson Electric Co.
• Rockwell Automation Inc.
• Terex Corporation
• Cargotec Oyj
• Konecranes Oyj
• Yokogawa Electric Corporation
• Endress+Hauser Group Services AG
• Hutchison Port Holdings Limited
• INFORM GmbH
• Marsa Maroc SA
• Navis Holdings LLC
• Moffatt & Nichol Inc.
• RightShip Pty Ltd
• Cyberlogitec Co. Ltd.
• Tideworks Technology Inc.
• Girmiti Software Private Limited
• Identec Solutions AG
• Implico Group
• Total Soft Bank Ltd.
• Softship AG
• Jade Logistics Private Limited
What Are The Regional Insights Into The Terminal Management System Market?
North America was the largest region in the terminal management system market in 2024. The regions covered in the terminal management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
