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Transportation Management Systems Market to Grow by USD 4.74 Billion (2025-2029), Driven by Smart-Connected Devices, with AI Driving Market Transformation – Technavio

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NEW YORK, Feb. 13, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global transportation management systems market size is estimated to grow by USD 4.74 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 11.7%  during the forecast period. Increasing number of smart-connected devices is driving market growth, with a trend towards emergence of meta-intelligence concept in TMS. However, data privacy concerns  poses a challenge. Key market players include 3M Co., 3T Logistics Ltd., Alpega SA NV, C H Robinson Worldwide Inc., Continental Traffic Service Inc., Descartes Systems Group Inc., E2open Parent Holdings Inc., GlobalTranz Enterprises LLC, Koch Industries Inc., Manhattan Associates Inc., MercuryGate International Inc., Next Generation Logistics Inc., Omnitracs LLC, One Network Enterprises Inc., Oracle Corp., Panasonic Holdings Corp., QAD Inc., SAP SE, Trimble Inc., and Uber Technologies Inc..

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Transportation Management Systems Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 11.7%

Market growth 2025-2029

USD 4738.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.9

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 37%

Key countries

US, Japan, China, Germany, India, UK, Canada, South Korea, France, and Italy

Key companies profiled

3M Co., 3T Logistics Ltd., Alpega SA NV, C H Robinson Worldwide Inc., Continental Traffic Service Inc., Descartes Systems Group Inc., E2open Parent Holdings Inc., GlobalTranz Enterprises LLC, Koch Industries Inc., Manhattan Associates Inc., MercuryGate International Inc., Next Generation Logistics Inc., Omnitracs LLC, One Network Enterprises Inc., Oracle Corp., Panasonic Holdings Corp., QAD Inc., SAP SE, Trimble Inc., and Uber Technologies Inc.

Market Driver

Transportation Management Systems (TMS) are evolving with the integration of meta-intelligence, combining business intelligence and data analytics. This enhancement provides comprehensive operational visibility, enabling informed decisions and maximum facility utilization. Big data and IoT analytics are key components, offering real-time inventory monitoring and predictive capabilities. Cloud-based TMS solutions offer cost-effective alternatives, enabling real-time data access and streamlined IT support. The convergence of technologies like GPS trackers, 3D printers, and AI optimizes transportation management strategies, driving market growth during the forecast period. 

The Transportation Management System (TMS) market is currently experiencing significant growth, driven by the need for efficient and effective supply chain management. Companies are seeking to optimize their logistics operations through the use of advanced technologies such as real-time tracking, predictive analytics, and automation. TMS solutions enable businesses to manage their transportation networks, from planning and execution to tracking and reporting. This results in improved visibility, reduced costs, and increased customer satisfaction. Additionally, the integration of TMS with other systems, such as Warehouse Management Systems (WMS) and Enterprise Resource Planning (ERP) systems, provides a seamless end-to-end solution. The use of cloud-based TMS is also on the rise, offering flexibility and scalability to businesses of all sizes. Overall, the TMS market is expected to continue growing as more companies recognize the benefits of implementing these systems to streamline their logistics operations. 

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 Market Challenges

•         In the rapidly evolving transportation management systems (TMS) market, data privacy and security are paramount concerns. With the interconnection of multiple devices and reliance on private and public networks, a secure environment is essential for transferring critical data. Interoperability issues may arise, leading to cybersecurity risks and potential data breaches. The economic consequences of cyberattacks in industries can be substantial, threatening sensor and device data accessibility via the Internet. This heightened risk may deter adoption of TMS, hindering market growth during the forecast period.

•         Transportation Management Systems (TMS) play a crucial role in logistics and supply chain management. However, implementing these systems comes with challenges. One major challenge is integrating different systems and technologies for seamless data flow. Another challenge is ensuring real-time visibility and tracking of shipments. Additionally, managing complex transportation networks and optimizing routes can be time-consuming and resource-intensive. Furthermore, ensuring compliance with regulations and maintaining security are ongoing concerns. Lastly, training staff to effectively use the TMS and adapting to changes can also present challenges. Despite these hurdles, TMS offer significant benefits, including improved efficiency, reduced costs, and enhanced customer service.

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Segment Overview 

This transportation management systems market report extensively covers market segmentation by  

SolutionOn-premisesCloud-basedMode Of TransportationRoadwaysAirwaysRailwaysGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

1.1 On-premises-  Transportation Management Systems (TMS) streamline the movement of goods from one place to another. These systems help businesses manage their freight transportation, optimize logistics, and improve supply chain efficiency. TMS provide real-time visibility into the transportation process, enabling companies to make informed decisions and reduce costs. They also facilitate communication between shippers, carriers, and third-party logistics providers, ensuring smooth transportation and timely delivery.

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Research Analysis

The Transportation Management Systems (TMS) market is experiencing significant growth due to the integration of advanced technologies such as AI, machine learning, cognitive visual recognition, and Big Data. Intelligent TMS solutions are revolutionizing the logistics industry by optimizing routes, minimizing disruptions, and improving carrier selection. Digital technology is enabling real-time data exchange between SMEs and the IT department, leading to operational efficiency gains. Autonomous vehicles, platooning systems, drones, and route optimization are transforming the way goods are transported. Procurement and financial losses are also being addressed through TMS platforms, ensuring a streamlined and cost-effective logistics process.

Market Research Overview

The Transportation Management System (TMS) market refers to a dynamic and evolving industry focused on optimizing the movement of goods from one location to another. These systems utilize advanced technologies such as real-time analytics, IoT, and machine learning to streamline logistics operations, improve supply chain visibility, and reduce costs. TMS solutions enable businesses to manage their freight transportation, inventory, warehousing, and order fulfillment in a unified platform. The market for these systems is significant, with numerous applications across various industries, including manufacturing, retail, healthcare, and e-commerce. The adoption of TMS is driven by the need for efficient and cost-effective transportation solutions, increasing globalization, and the growing complexity of supply chains. Additionally, the integration of these systems with other business applications, such as ERP and CRM, further enhances their value proposition. Overall, the TMS market presents a growth opportunity for businesses seeking to optimize their logistics operations and gain a competitive edge.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

SolutionOn-premisesCloud-basedMode Of TransportationRoadwaysAirwaysRailwaysGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Epson Celebrates Seven Generations of Cartridge-Free Printing Innovation with EcoTank ET-2980

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EcoTank ET-2980 is the First in a New Line of EcoTank Models that Deliver Convenient, Cost-Efficient and Stress-Free Printing

LOS ALAMITOS, Calif., March 27, 2025 /PRNewswire/ — Epson America, Inc., the global leader in refillable Supertank technology, announced its seventh generation of EcoTank® cartridge-free models with the new EcoTank ET-2980 Wireless All-in-One Color Supertank Printer. The most recent addition to the number-one selling Supertank† printer1 line, the ET-2980 leverages proven PrecisionCore® Heat-Free technology to provide everyday users with stellar print quality and reliability, ensuring a worry-free experience that lasts the life of the printer.

New EcoTank ET-2980, the first of the seventh generation EcoTank line, delivers cost-efficient and stress-free printing.

“Epson designed EcoTank to address several pressing concerns from anyone who prints – the hassle and cost of buying ink cartridges, the high-cost of printing in color and running out of ink when you need it most,” said Megha Shukla, group product manager, Consumer Inkjet, Epson America, Inc. “As an industry leader of efficient, compact and precise engineering, Epson has remained dedicated to printing innovation and continues to improve the experience with the seventh generation of EcoTank, starting with the ET-2980.”

The Perfect Family Printer
The ET-2980 combines simplicity with a modern look, offering advanced technology that enhances both performance and print quality, making it an ideal choice for everyday family printing – including content created by AI. With print speeds 50% faster than its predecessor2 it offers speed and longevity, with a permanent printhead engineered to last the life of the printer. The EcoTank ET-2980 also offers uniquely keyed EcoFit™ bottles that help prevent ink from drying out and comes with enough ink to last up to three years.3 Each replacement ink bottle set is equivalent to about 90 individual ink cartridges4 ensuring zero cartridge waste.

The EcoTank ET-2980 features built-in USB connectivity and is the first printer qualified under the Wi-Fi CERTIFIED Agile Multiband™ standard – including Apple® AirPrint – to deliver a seamless wireless experience. It also offers the user-friendly Epson Smart Panel® app5 with an innovative interface to transform iOS or Android mobile devices6 into an intuitive control center. For added convenience the EcoTank ET-2980 includes a 1.44″ color screen, auto duplex printing, 100-sheet paper tray, and built-in scanner.

Pricing, Availability and Support
The EcoTank ET-2980 ($299.99 MSRP) comes in both black and white designs. The black printers are available at Micro Center, Amazon.com, Officedepot.com, Staples.com, Bestbuy.com. The white printers are available at Office Depot, Staples, Best Buy, Micro Center, Nebraska Furniture Mart, La Curacao, Brands Mart, AAFES, London Drugs, Amazon.com, Walmart.com. For more information regarding the new solution, visit https://epson.com/ecotank-ink-tank-printers.

About Epson
Epson is a global technology leader whose philosophy of efficient, compact and precise innovation enriches lives and helps create a better world. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson’s goal is to become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.

Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion. global.epson.com/

Epson America, Inc., based in Los Alamitos, Calif., is Epson’s regional headquarters for the U.S., Canada, and Latin America. To learn more about Epson, please visit: epson.com. You may also connect with Epson America on Facebook (facebook.com/Epson), X (x.com/EpsonAmerica), YouTube (youtube.com/epsonamerica), and Instagram (instagram.com/EpsonAmerica).

† Supertank printers are defined as refillable ink tank printers.
1 Source: Circana, LLC, Retail Tracking Service, US & Canada Combined, Inkjet SF and MF Printers Combined, Refillable Tank Included, Total Unit Sales, 12 Months Ending July 2024.
2 Versus the ET-2850
3 Based on average monthly document print volumes of about 125 pages.
4 Individual cartridges estimate based on print yields of a replacement set of black and color ink bottles as compared to Epson standard-capacity ink cartridges for similarly featured printers as of October 2024.
5 Requires Epson Smart Panel app download. Data usage fees may apply.
6 Most features require an Internet connection to the printer, as well as an Internet- and/or email-enabled device. For a list of Epson Connect enabled printers and compatible devices and apps, visit www.epson.com/connect

EPSON, EcoTank, Epson Smart Panel, and PrecisionCore are registered trademarks of Seiko Epson Corporation. EcoFit is a trademark of Epson America, Inc. All other product and brand names are trademarks and/or registered trademarks of their respective companies. Epson disclaims any and all rights in these marks. Copyright 2025 Epson America, Inc.

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SOURCE Epson America, Inc.

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Hexagon publishes the Annual Report and Sustainability Report 2024

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STOCKHOLM, March 27, 2025 /PRNewswire/ — Hexagon’s Annual Report and Sustainability Report 2024 is now available at Hexagon’s website hexagon.com. Hexagon intends to solely distribute the reports digitally. However, if you would like to receive a printed of the Annual and Sustainability Report, please request one here, contact Hexagon at mailorderservice@hexagon.com or call +46 (0)8 601 26 20.

As previously communicated, Hexagon’s Annual General Meeting will be held at 17:00 CET on Monday 5 May 2025 at IVA Konferenscenter, Grev Turegatan 16 in Stockholm, Sweden. Notification of attendance must be made on 28 April 2025 at the latest.

For further information, please contact:
Tom Hull, Head of Investor Relations, Hexagon AB, +44 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations Manager, Hexagon AB, +46 8 601 26 26, ir@hexagon.com

This information is information that Hexagon AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 08:00 CET on 27 March 2025.

About Hexagon

Hexagon is the global leader in precision technologies at any scale. Our digital twins, robotics and AI solutions are transforming the industries that shape our reality.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,800 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/hexagon/r/hexagon-publishes-the-annual-report-and-sustainability-report-2024,c4123663

The following files are available for download:

https://mb.cision.com/Main/387/4123663/3348237.pdf

Hexagon Annual and Sustainability Report 2024

 

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SOURCE Hexagon

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Soul App’s AI Portrait Animation Study Gains CVPR 2025 Acceptance

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SHANGHAI, March 27, 2025 /PRNewswire/ — Soul App, a trailblazer in the “Social + AI” domain, has once again demonstrated its commitment to harnessing the power of artificial intelligence in social networking. The company’s latest achievement is the acceptance of its research paper on real-time, AI-driven portrait animation at the 2025 Conference on Computer Vision and Pattern Recognition (CVPR), one of the most esteemed conferences in the fields of AI and computer vision.

CVPR is renowned for attracting top-tier research from both industry leaders and top academic institutions worldwide. This year, the conference received a staggering 13,008 submissions, of which only 2,878 were accepted, resulting in an acceptance rate of just 22.1%. This underscores the rigorous selection process and the intense competition in the field. Thus, the recognition from CVPR is a significant milestone for Soul, adding to its growing list of accolades, including the 2024 ACM International Conference on Multimedia (ACM MM) and the top position at the Multimodal Emotion Recognition Challenge (MER24).

The accepted paper, titled “Teller: Real-Time Streaming Audio-Driven Portrait Animation with Autoregressive Motion Generation,” presents a novel autoregressive framework designed to enhance the efficiency of generating “talking-head” animations. This research aims to meet the growing demand for AI models that can deliver human-like interactions in real time.

What sets the “Teller” framework apart is its unique balance between performance and efficiency. Soul’s model utilizes an autoregressive motion generation framework that maintains optimal efficiency without sacrificing the fluidity and authenticity of natural facial and body movements. The paper highlights two key components of this technology:

Facial Motion Latent Generation (FMLG): By leveraging large-scale training data, FMLG enhances the synchronization between audio and visual cues, resulting in more fluid and natural facial expressions in response to speech inputs.

Efficient Temporal Module (ETM): Using a diffusion-based approach, the model accurately captures body dynamics, adding realism to the movements of facial and body muscles, as well as accessories.

During tests, Soul’s engineers found that this dual-module system enables AI-generated avatars to exhibit expressions and gestures that feel human in real time. This level of realism significantly enhances user experience in virtual interactions.

Since its inception in 2016, Soul has consistently invested in technological resources to gain an AI-driven edge in social networking. The company’s journey began with the self-developed Lingxi Engine, which facilitated user connections based on mutual interests. This was followed by rapid advancements in speech and text-based interactions, as well as 3D virtual human modeling. By 2020, Soul was already leveraging AI-generated content (AIGC) and focusing on intelligent dialogue systems and voice synthesis.

The launch of Soul’s proprietary AI model, Soul X, in 2023 marked a major leap forward. This homegrown model introduced features such as multilingual voice calls, speech synthesis, and AI-generated music to the platform. The recent breakthrough with the “Teller” framework is another step toward Soul’s goal of integrating speech, vision, and natural language processing (NLP) to create AI-powered digital entities that can interact seamlessly with users in real time. The ultimate aim is to provide not just functional but also emotionally fulfilling companionship.

Soul believes that artificial intelligence should go beyond merely facilitating conversations. The full potential of the technology should be utilized to create experiences that are emotionally enriching for users.

 

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SOURCE Soul App

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