oTMS MENTIONED AS A NOTABLE VENDOR IN 2023 GARTNER® ASIA/PACIFIC CONTEXT: MAGIC QUADRANT™ FOR TRANSPORTATION MANAGEMENT SYSTEMS
SHANGHAI, CHINA– April 25, 2023: oTMS, a leader in cloud transport management platform in China, today announced that it is mentioned as a Notable Vendor in 2023 Asia/Pacific Context: ‘Magic Quadrant for Transportation Management Systems’* published by Gartner, Inc.
According to this report, “The annual spend on supply chain execution (SCE) software in APAC to exceed $850 million through 2026, up from nearly $600 million through 2021. The annual TMS software spend in APAC will be approximately 28% of that on SCE, or $160 million through 2021. The forecast indicates that this will exceed $220 million by 2026, growing at a five-year compound annual growth rate (CAGR) of 7.2% in constant currency terms (base 2020).”
At the meantime, customers’ transportation management needs are also evolving. Gartner mentioned in the report that “Organizations within the Asia/Pacific market have historically looked for transportation management solutions that are execution-focused. Capabilities such as transportation planning and route optimization are not typically prioritized by shippers. Those capabilities are highly desired by 3PL organizations and logistics service providers. With the increasing demand in retail and e-commerce, there is some shifting in this regard. This is especially true in countries such as India, China and Vietnam. Companies within those countries are starting to investigate planning and route optimization capabilities to better support customer demands, particularly for last-mile deliveries in urban locations.
There is also increasing interest among companies in the region to have transportation and logistics technologies integrated. In response, vendors in the region often offer a suite of logistics-focused capabilities. This can include TMS, dock scheduling, yard management and warehouse management. Many companies prefer to work with a single technology vendor that offers multiple solutions in an attempt to unify their logistics processes.”
We believe these trends have also been noted by oTMS when serving its clients. Since the launch of oTMS’s transportation management system, it has been recognized by many large and medium-sized shippers because of its pioneering SaaS TMS + APP model and transparent and visible features. It connects manufacturers, carriers, drivers, distributors & retailers on the same platform to manage carriers, shipments, freight billing and performance analysis. Today, oTMS is one of the leading TMS vendors in the Asia-Pacific market and has more than 9,000 carriers and 650,000 active drivers on its platform.
In 2022, oTMS Singapore entity established and oTMS launched an international edition of SaaS TMS independently deployed in Singapore, dedicated to helping enterprises in the Asia-Pacific region to accelerate the digitalization of their local and international logistics and transportation management systems, effectively supporting the continuous growth of their business in the Asia-Pacific region.
Mirek Dabrowski, oTMS, CEO and co-founder, commented: “Since we setup our Singapore company to focus on Asia Pacific expansion last August, I am excited that we have already started operation in Indonesia and Thailand and planning to add another 3 countries this year. Transport market nature in some of these markets offers higher potential for planning and optimization features than China.”
In the future, oTMS will continue to lead the way, providing customers with outstanding solutions, accelerating the digital transformation of the industry and making transportation smart.
* Asia/Pacific Context: ‘Magic Quadrant for Transportation Management Systems’ by Brock Johns, Oscar Sanchez Duran. March 28, 2023. This content is part of a larger body of research on this topic. Magic Quadrant for Transportation Management Systems
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