We are delighted to be named as a Notable Vendor in Gartner report, “Europe Context: ‘Magic Quadrant™ for Transportation Management Systems (TMS)”. A complimentary copy of which can be viewed here [link]
These reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the markets.
Key findings by Gartner®
According to the research, Europe region remains the second largest TMS software market after North America, with an approximate 23.7% share of the global TMS market. Additional findings include:
- Global TMS software spending will climb to $2.2 billion by 2026, up from $1.4 billion in 2021
- The European TMS market is forecast to grow at a five-year CAGR of 5.3%
- European spending on TMS up to 2026 will reach $485 million, up from $392 million in 2021
In the report, Gartner® says, “Improving business process outcomes, managing cost and creating internal/operational efficiencies remain at the top of organizations priorities when acquiring a TMS. Labor shortages, increased digitization of operations and sustainability were other drivers for adoption in 2021.”
View a complimentary copy of the European context for the Magic Quadrant report here.
-ENDS-
Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
All rights reserved. Get the full story: This content is part of a larger body of research on this topic. Magic Quadrant for Transportation Management Systems
