oTMS LISTED AS A NOTABLE VENDOR IN 2022 GARTNER® ASIA/PACIFIC CONTEXT: MAGIC QUADRANT™ FOR TRANSPORTATION MANAGEMENT SYSTEMS
SHANGHAI, CHINA– April 1, 2022: oTMS, a leader in cloud transport management platform in China, today announced that it is listed as a Notable Vendor in 2022 Asia/Pacific Context: ‘Magic Quadrant for Transportation Management Systems’* published by Gartner, Inc.
According to this report, “The derived forecast for the TMS software market estimates the global spend to be $2.5 billion through 2025, up from $1.4 billion through 2020. The TMS market growth in Asia/Pacific will continue to increase faster than the growth in other geographic regions over the next five years. The Asia/Pacific market is forecast to grow at a five-year CAGR (2020-2025) of 14.6%, faster than the global CAGR of 13.2%. “
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. Companies within those industries are starting to investigate those 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 Chinese market and has more than 7,500 carriers and 480,000 active drivers on its platform.
With the development of the market, oTMS launched Dock Scheduling System in 2016 to reduce loading and
unloading times to increase the warehouse efficiency. In 2017, oTMS started to provide transport optimization solutions to help companies with scientifically logistics cost saving and service improvement. Adopting self-developed intelligent optimization algorithm, oTMS can optimize freight tariffs, transport modes, carrier allocations, shipping locations, load build and routing. Existing benchmark customers have achieved cost savings of 5%-20%, and the on-time delivery rate has increased by 20%-30%.
Mirek Dabrowski, oTMS, CEO and co-founder, commented: “I am excited oTMS has been mentioned as a Notable Vendor in Gartner, Asia/Pacific Context: ‘Magic Quadrant for Transportation Management Systems for the fifth time in a row. In our opinion, since oTMS first introduced SaaS TMS in China in 2013, transportation management system has now become the infrastructure of supply chain management. We thank investors, customers, and partners for their trust, allowing us to accumulate a large group of customers and launch more services including our dock scheduling system and outsourcing services.”
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, Bart De Muynck, Oscar Sanchez Duran. March 29, 2022.
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