The market value of transport management systems in Europe and North America is expected to reach 5 billion euros by 2028

Berg Insight, the leading IoT market research provider, today released a new market study on the Transportation Management Systems market.

A Transport management system (TMS) is a logistics platform that helps to plan, execute and optimize the physical transport of goods. Special transport management systems first appeared in the 1980s and were mainly adopted by larger companies. TMS market has evolved considerably since then and cloud-based solutions now offer scalable alternatives for companies of all sizes and in all industries.

Berg Insight estimates that the value of European TMS market reached around 1.2 billion euros in 2023. With a compound annual growth rate (CAGR) of 12.1 percent Market value of transport management systems In Europe, a volume of 2.1 billion euros is expected in 2028. North American TMS market At the same time, growth is forecast from 1.6 billion euros in 2023 to almost 2.7 billion euros in 2028, which corresponds to an average annual growth rate of 11.3 percent.

Solution providers range from small specialized TMS developers active in local markets to large enterprise software providers with a global presence.

“Some of the best-known players in the North American TMS market include Trimble Transportation and McLeod Software.”said Rickard Andersson, senior analyst at Berg Insight.

He adds that Trimble is a large industrial technology company that offers a range of TMS solutions after several acquisitions, while McLeod has focused specifically on the trucking industry for nearly 40 years.

“Providers of more comprehensive supply chain and logistics offerings such as Blue Yonder, Manhattan, E2open, Descartes and Kinaxis are also competing in the TMS space”continued Mr Andersson.

TMC (a division of CH Robinson), Mastery, MercuryGate and 3G are other examples of players that focus primarily on TMS. Major US cloud infrastructure and software provider Oracle is active in this space with its Oracle Transportation Management offering, which is deployed in all geographic markets. Germany-based enterprise software giant SAP also offers SAP Transportation Management globally.

The European TMS market is also served by players such as Transporeon (now owned by Trimble), Ecovium, Soloplan, LIS, AEB and Solvares based in Germany, the French groups SINARI, AKANEA and Generix, Mandata, HaulTech and 3T in the UK, Alpega headquartered in Austria, Boltrics, Art Systems and Navitrans based in the Benelux countries, Opter and nShift in the Nordic countries, Inelo headquartered in Poland, the Italian company TESISQUARE, Alerce based in Spain and Andorra-based AndSoft, the latter active across Europe and beyond.

Mr Andersson concluded:

“Some of the most notable market developments in recent years include Trimble’s acquisition of Transporeon, bringing together two acquisitive companies with leading positions in North America and Europe respectively, and Trimble’s divestiture of Kuebix – which it acquired several years earlier and later planned to close – to FreightWise in 2023.”