Market Research Report
Trade Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
|Trade Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027|
Published: February 12, 2022
IMARC Services Private Limited
Content info: 144 Pages
Delivery time: 2-3 business days
The global trade management market reached a value of US$ 881 Million in 2021. Looking forward, IMARC Group 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.
IMARC Group 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.
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.
11 Market Breakup by Region