The global trade management market reached a value of US$ 830 Million in 2020.
Looking forward, the analyst expects the market to grow at a CAGR of around 10% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
The trade management refers to the computer applications and related services that aid an organization in centralizing and automating cross-border trade activities and operations. It digitally implements a trade sequence that includes discovering a set-up, determining allocation size, planning and monitoring the entry and exits of the trade. It also provides control and transparency over shipments, orders, and payments and includes modules for trade compliance, customs management and monitoring logistics. Owing to such associated convenience, trade management solutions find extensive applications across various industries, including retail and consumer goods, transportation & logistics, manufacturing, aerospace & defense and healthcare.
The emerging trend of digitization, along with rapid industrialization across the globe, represent as the key factors driving the growth of the market. Widespread adoption of the software solutions by traders to reduce their manual and back-office operations and optimize their business processes and trade activities is further contributing to the market growth. Moreover, increasing public and private investments in various logistics infrastructural projects, especially in emerging economies, for import and export management, is providing a boost to the market growth. In line with this, the development of technologically advanced solutions that aid in improving supply chain agility, along with minimizing operational time and reducing distribution costs, is acting as another growth-inducing factor. These software solutions offer customizable process management platforms that enable the staff to micro-manage the entire supply chain network operations. Other factors, including the implementation of favorable government policies promoting international trade activities, along with extensive research and development (R&D), are projected to drive the market further.
Breakup by Component: Solutions Services
Breakup by Functionality: Trade Function Trade Compliance Trade Finance Trade Consulting Others
Breakup by Deployment Type: Cloud-based On-premises
Breakup by Enterprise Size: Small and Medium Sized Enterprises (SMEs) Large Enterprises
Breakup by End-Use Sector: Retail and Consumer Goods Transportation and Logistics Aerospace and Defense Healthcare Manufacturing Others
Breakup by Region: North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The competitive landscape of the industry has also been examined with some of the key players being Amber Road Inc., Integration Point Inc., Livingston International Inc., Oracle Corporation, QAD Inc., QuestaWeb Inc., SAP SE, etc. Key Questions Answered in This Report:
How has the global trade management market performed so far and how will it perform in the coming years? What are the key regional markets? What has been the impact of COVID-19 on the global trade management market? What is the breakup of the market based on the component? what is the breakup of the market based on the functionality? what is the breakup of the market based on the deployment type? what is the breakup of the market based on the enterprise size? what is the breakup of the market based on the end-use sector? What is the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global trade management market and who are the key players? What is the degree of competition in the industry?
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120 pages •
By Infiniti Research Limited
• Jun 2021
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