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 € 1.1 billion in 2022. Growing at a compound annual growth rate (CAGR) of 11.4 percent, the market value of transport management systems in Europe is forecasted to reach € 1.8 billion in 2027. The North American TMS market is at the same time forecasted to grow from € 1.4 billion in 2022 to reach almost € 2.3 billion in 2027, representing a CAGR of 10.6 percent.
“Solution vendors range from small specialised TMS developers active in local markets to the major enterprise software providers with worldwide presence”, said Rickard Andersson, Principal Analyst, Berg Insight.
He adds that some of the most notable players on the North American TMS market are Trimble Transportation and McLeod Software. “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 over 35 years”, continued Mr. Andersson.
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