Overview and Scope
Trade management software is software that helps in managing trade operations across the globe. Trade management software allows users to validate, approve, and process online transactions, manage trade e-documents, and ensure compliance with international trade laws and regulations. It also supports multi-company, multi-location, and multi-currency features.
Sizing and Forecast
The trade management software market size has grown strongly in recent years. It will grow from $1.16 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to globalization of supply chains, complexity of customs documentation, rise of e-commerce and cross-border transactions, efficiency in trade operations, trade tariffs and duty management, trade finance and documentation automation, risk management in international trade..
The trade management software market size is expected to see strong growth in the next few years. It will grow to $1.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to focus on sustainability in supply chains, dynamic trade regulations, digital transformation in trade, enhanced data analytics capabilities, geopolitical influences on trade, customer demand for transparency, customization and scalability.. Major trends in the forecast period include cloud-based trade management solutions, real-time visibility and tracking, blockchain for supply chain transparency, mobile accessibility, automated customs documentation, trade finance integration, cybersecurity measures..
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/trade-management-software-global-market-report
Segmentation & Regional Insights
The trade management software market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Function: Trade Compliance, Custom Management, Finance Management, Trade Analytics, Other Functions
3) By Deployment: Cloud, On-Premise
4) By End-User: Defense, Pharmaceuticals, Energy, Transportation And Logistics, Consumer Goods
North America was the largest region in the trade management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the trade management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8533&type=smp
Major Driver Impacting Market Growth
The rising international trade activities are driving the trade management software market. International trade refers to the purchase and sale of goods and services by companies in different countries. In the international marketplace, goods such as consumer goods, raw materials, food, and machinery are bought and sold. International trade is increasing due to changing preferences of consumers and high disposable income. Trade management software is used by importers and exporters to improve collaboration with their trade partners and manage their global trade operations. This software feature supports multi-company, multi-location, and multi-currency. For instance, according to international trade statistics of OECD (The Organization for Economic Co-operation and Development), an intergovernmental organization, the G20 countries (comprising of Argentina, Australia, Brazil, Canada, China, EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK, and the USA) reported a 2.1% and 2.6% increase in merchandise exports and imports respectively in the second quarter of the year 2022, compared to a 4.8% and 6.2% increase in the previous quarter. Thus, rising international trade activities are driving the trade management software market.
Key Industry Players
Major companies operating in the trade management software market report are Oracle Corporation, SAP SE, Thomson Reuters Corporation, QAD Inc., MIC Customs Solutions AG, E2open Parent Holdings Inc., Bamboo Rose LLC, QuestaWeb Inc., Amber Road Inc., Integration Point Inc., MIQ Logistics LLC, Precision Software Corporation, BPE Global Inc., The Descartes Systems Group Inc., BluJay Solutions LLC, WiseTech Global Limited, MercuryGate International Inc., GT Nexus Inc., TradeBeam Inc., TradeStone Software Inc., TradeCard Inc., TradeLanes Inc., TradeLens Inc., TradeRocket Inc., TradeSocio Inc., TradeX LLC, TradeCloud Inc., TradeWaltz Inc., TradeWindow Inc., TradeTrust Inc., TradeFlow Inc.
The trade management software market report table of contents includes:
.
.
.
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The cytotoxic drugs global market report 2024 from The Business Research Company provides comprehensive market…
The combat management system global market report 2024from The Business Research Company provides comprehensive market…
The clinical trial imaging global market report 2024from The Business Research Company provides comprehensive market…
The cancer supportive care drugs global market report 2024from The Business Research Company provides comprehensive…
The waste management software market size is expected to see strong growth in the next…
The business process documentation tools global market report 2024 from The Business Research Company provides…