Industry Overview:
The latest report by IMARC Group, titled “Trade Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the Trade Management Market Report. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global trade management market size reached US$ 980 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,698 Million by 2028, exhibiting a growth rate (CAGR) of 10.1% during 2023-2028. Trade management represents computer applications and related services that assist an organization in automating and centralizing cross-border trade activities and operations. They involve several types of functionalities, which include trade compliance, trade finance, trade consulting, etc. Trade management solutions help to digitally implement a trade sequence that includes determining allocation size, discovering a set-up, planning the entry and exits of the trade, etc. They even provide control and transparency over orders, shipments, and payments and include various modules for trade compliance, customs management, monitoring logistics, etc. As a result, trade management systems find widespread utilization across numerous sectors, such as retail, consumer goods, transportation, logistics, manufacturing, aerospace, defense, healthcare, etc.
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Global Trade Management Market Growth:
The emerging trend of digitization and the expanding industrialization across the globe are among the key factors driving the trade management market. Additionally, the escalating adoption of the software solution by traders for lowering their manual and back-office operations and optimizing their business processes and trade activities are further stimulating the global market. Besides this, the rising public and private investments in multiple logistics infrastructural projects, especially in developing countries, for import and export management are acting as significant growth-inducing factors. Moreover, the development of technologically advanced solutions by leading market players that aid in improving supply chain agility, minimizing operational time, and reducing distribution costs, is also positively influencing the global market. Apart from this, the launch of favorable policies by government bodies aimed at promoting international trade activities is expected to propel the trade management market over the forecasted period.
Competitive Landscape with Key Players:
- Amber Road, Inc.
- Integration Point, Inc.
- Livingston International Inc.
- Oracle Corporation
- QAD Inc.
- QuestaWeb Inc.
- SAP SE
Key Market Segmentation:
Component:
- Solutions
- Services
Functionality:
- Trade Function
- Trade Compliance
- Trade Finance
- Trade Consulting
- Others
Deployment Type:
- Cloud-based
- On-premises
Enterprise Size:
- Small and Medium Sized Enterprises (SMEs)
- Large Enterprises
End-Use Sector:
- Retail and Consumer Goods
- Transportation and Logistics
- Aerospace and Defense
- Healthcare
- Manufacturing
- Others
Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers
- nd Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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