The global trade management market reached a value of US$ 881 Million in 2021. Looking forward, the publisher expects the market to reach US$ 1,564 Million by 2027, exhibiting a CAGR of 10.5% during 2022-2027. 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.
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.
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.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global trade management market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, functionality, deployment type, enterprise size and end-use sector.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?
Frequently Asked Questions about the Global Trade Management Market
What is the estimated value of the Global Trade Management Market?
What is the growth rate of the Global Trade Management Market?
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| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | February 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 881 Million |
| Forecasted Market Value ( USD | $ 1564 Million |
| Compound Annual Growth Rate | 10.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Trade Management Market
6 Market Breakup by Component
7 Market Breakup by Functionality
8 Market Breakup by Deployment Type
9 Market Breakup by Enterprise Size
10 Market Breakup by End-Use Sector
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Amber Road Inc.
- Integration Point Inc.
- Livingston International Inc.
- Oracle Corporation
- QAD Inc.
- QuestaWeb Inc.
- SAP SE
Methodology
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