European and North American TMS Market to Exceed €5 Billion by 2029.

The Transport Management Systems (TMS) market is expected to grow in Europe and North America, with the European market reaching €2.5 billion in 2029 and the North American market reaching almost €3 billion. The market is driven by the adoption of cloud-based solutions and the need for businesses to streamline shipping and logistics. Major players in the North American market include Trimble Transportation and McLeod Software, while in Europe, notable players include Transporeon, Infios, and 4flow.

The Transport Management Systems (TMS) market is poised for significant growth in Europe and North America, driven by the increasing adoption of cloud-based solutions and the need for businesses to streamline shipping and logistics operations. According to the latest report from ResearchAndMarkets.com, the market value in Europe is expected to reach €2.5 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.2 percent from €1.4 billion in 2024 [1]. Similarly, the North American TMS market is forecasted to grow from an estimated €1.8 billion in 2024 to almost €3 billion in 2029, representing a CAGR of 11.2 percent [1].

The market is characterized by a diverse range of players, from specialized TMS developers to major enterprise software providers. In North America, notable players include Trimble Transportation and McLeod Software. Trimble, a major industrial technology company, has expanded its digital freight procurement platform into North America, with over 400 carriers and its first shipper user being Procter & Gamble (P&G) [2]. McLeod Software, which has focused specifically on serving the trucking industry for 40 years, is also a significant player in the market.

In Europe, notable players include Transporeon, Infios, and 4flow. Transporeon, now owned by Trimble, has over 7,000 carriers, shippers, and brokers on its platform, offering a centralized, digital freight procurement solution [1]. Infios, previously Korber Supply Chain Software, and 4flow are also active in the European TMS market, providing a range of solutions to streamline logistics and transportation management.

The growth of the TMS market is driven by several key factors, including the need for real-time transportation visibility, the potential of leveraging AI capabilities, and the increasing demand for cloud-based SaaS solutions. These trends are expected to continue shaping the market in the coming years, as businesses seek to improve efficiency and reduce costs in their logistics operations.

References:

[1] https://www.globenewswire.com/news-release/2025/08/25/3138248/28124/en/The-Future-of-the-Transport-Management-Systems-Industry-Insights-Forecasts-and-Industry-Expertise-with-Profiles-of-60-Companies-Across-the-TMS-Landscape.html
[2] https://www.dcvelocity.com/technology/transportation-it/digital-freight-matching/trimble-expands-digital-freight-marketplace-into-north-america