The Transport Management System market value in Europe and North America to reach € 5 billion by 2028

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Berg Insight, the leading IoT market research provider, today released a new market study covering the transport management systems market. A transport management system (TMS) is a logistics platform that helps plan, execute and optimise the physical movement of goods. Dedicated transport management systems first emerged in the 1980s, mainly adopted by larger companies. The TMS market has since then evolved considerably and cloud-based solutions today offer scalable alternatives for businesses of any size across industry sectors.

Berg Insight estimates that the value of the European TMS market reached around € 1.2 billion in 2023. Growing at a compound annual growth rate (CAGR) of 12.1 percent, the market value of transport management systems in Europe is forecasted to reach € 2.1 billion in 2028. The North American TMS market is at the same time forecasted to grow from € 1.6 billion in 2023 to reach almost € 2.7 billion in 2028, representing a CAGR of 11.3 percent.

Solution vendors range from small specialised TMS developers active in local markets to the major enterprise software providers with worldwide presence.

“Some of the most notable players on the North American TMS market are Trimble Transportation and McLeod Software”, said Rickard Andersson, Principal Analyst, Berg Insight.

He adds Trimble is a major industrial technology company which offers a suite of TMS solutions following multiple acquisitions, while McLeod has focused specifically on serving the trucking industry for almost 40 years.

“Providers of broader 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 C.H. Robinson), Mastery, MercuryGate and 3G are additional examples of players with a primary TMS focus, while the major US-based cloud infrastructure and software provider Oracle is active in this space with its Oracle Transportation Management offering deployed across all geographic markets. The Germany-based enterprise application software giant SAP similarly offers SAP Transportation Management worldwide.

The European TMS market is further 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 Benelux; Opter and nShift in the Nordics; Inelo headquartered in Poland; the Italian company TESISQUARE; Alerce based in Spain as well as AndSoft in Andorra. The latter is active throughout Europe and beyond.

Mr. Andersson concluded:

“Among the most notable market developments in recent years are Trimble’s acquisition of Transporeon, combining two highly acquisitive companies with leading positions in North America and Europe respectively, and Trimble’s divestment of Kuebix – which it acquired a few years earlier and later decided to shut down – to FreightWise in 2023.”

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Source link : https://iotbusinessnews.com/2024/07/20/60401-the-transport-management-system-market-value-in-europe-and-north-america-to-reach-e-5-billion-by-2028/amp/ Author : Publish date : 2024-07-20 10:01:57 Copyright for syndicated content belongs to the linked Source .

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The Transport Management System market value in Europe and North America to reach € 5 billion by 2028

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