Summary
Market Overview:
The global trade management market size reached US$ 980 Million in 2022.
Looking forward, the analyst expects the market to reach US$ 1,698 Million by 2028, exhibiting a growth rate (CAGR) of 10.1% during 2023-2028.
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 analyst provides an analysis of the key trends in each sub-segment of the global trade management market report, along with forecasts at the global, regional and country level from 2023-2028. 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?
