Market Research Report
Trade Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Trade Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
Published: April 16, 2020
IMARC Services Private Limited
Content info: 106 Pages
Delivery time: 2-3 business days
The global trade management market size reached US$ 665 Million in 2019. 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. Looking forward, IMARC Group expects the market to reach a value of US$ 1,067 Million by 2025, exhibiting a CAGR of 8.2% during 2020-2025.
11 Market Breakup by Region