Global Trade Management Software Market Research Report – Segmented By Deployment Mode, Component, and Region – Forecasts (2022 – 2027)

  • Category : Information Technology |
  • Report Code : VMR-41480 |
  • Pages: 200 |
  • Published : 2022-04 |
  • Region: Global |
  • Avilable Format : format excel,ppt, Pdf |
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Trade Management Software Market Size (2022 - 2027)

As per our research report, the global Trade Management Software Market size to reach USD 1.2 Billion in 2022 and is estimated to grow by USD 1.8 billion by 2027. This market is witnessing a healthy CAGR of 10.00% from 2022 to 2027. The factors which affected the growth of this market are the increased volume of international trade, emerging trends of digitalization, government regulations and compliances, and many others.

Trade management is an effective implementation process of transaction sequences that initiate the installation, decide distribution, transaction plans, and then perform entry, monitoring, and transactional outputs. Software for trade management is to manage these sequences in digital forms, so it will help you manage transaction work around the world. This software also provides a workflow that verifies, approves, and processes efficient online transaction processing, and manages trade documents such as account letters, credits, or invoices. This software complies with global transaction rules and rules and provides the complete tracing of the product at all stages of the transaction process.

In addition, trade management software is integrated with a robust built-in risk management method and supports multiple components and multiple social and multi-raw material capabilities. Importers and exporters have problems when managing the trade process manually, especially back-office solutions. Therefore, the increase in software adoption to manage past trade recently is optimizing and optimizing business processes related to cross-for real transactions. In addition, over the past decade, the trading industry has witnessed a high level of growth due to an increase in dial and industry 4.0. Nonetheless, it is possible to limit the growth of the market for trade management, which is related to administrative solutions for trading management. In addition, the increase in investment in the development of logistics infrastructure in developing countries is expected to provide trade management software market growth opportunities.

MARKET DRIVERS

Increasing Volume of International Trade

There is an increase in international Trade which has affected this market and has boosted its availability.  There is a need of optimising global logistics and shipment monitoring systems. The trade has seen some good advancement according to world trade organization policy.

Digitalization

The whole world is moving towards digitalization means that everyone now wants their services to be available online and through that, they can reach many people. Digitalization has also helped this industry to grow fast since this has been the best in the online world. 

Government Regulations

The government has also come forward to support this industry by investing in it which in turn has also affected the growth of this industry. Trade is the main thing that happens in the world and the government is dependent on it which suggests that this industry is one of the biggest.

MARKET RESTRAINTS

Lack of Knowledge

Organizations that are dependent on this technology still don’t use this method which is why this is one of the underrated things.  They still use Manuel processes which takes time

Poor Internet Connection

In some areas, the lack of internet connection is also restraining the growth of the market. This is entirely dependent on internet connectivity, 

The shortage of skilled technicians

This technology needs some trained people to set up. The lack of these people in undeveloped countries is slowly impeding the demand for software. 

Market Segmentation

Trade Management Software Market - By Component:

  • Solutions
  • Services

The solution market has the biggest market share which is why is it one of the most popular in this segment. The thing which makes this segment special is that solutions can be varied and can be used in many situations.

Trade Management Software Market - By Deployment Mode:

  • Cloud
  • On-premises

Trade Management Software Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

Geographically, North America is expected to have the largest share of the retail management market during the forecast period. North America accounts for the majority of GTM solutions and services and is recognized as one of the most advanced regions in terms of technology adoption and infrastructure. The strong infrastructure that facilitates international trade in the region is another key factor for market growth. Large investments in the aerospace and defense, healthcare and life sciences industries have the potential to support the growth of the North American trade management market. The presence of major aerospace and defence companies such as Boeing, Lockheed Martin, and Raytheon in the United States facilitates international trade in the region.

Key Market Players

Major vendors in the global Trade management market include Oracle(US), Infor(US), Thomson Reuters(Canada), Livingston International(Canada), Aptean(US), SAP(Germany), Noatum Logistics(US), E2Open(US), Descartes(Canada), Cargowise(US), Expeditors(US), BDP International(US), Accuity(US), QAD Precision(US), 3rdwave(Canada), AEB(Germany), Shipsy(India), Bamboo Rose(US), Bolero International(UK), MIC Customs Solution(UK), OCR Services(US), Webb Fontaine(UAE), Neurored(Europe), 4PL Consultancy(UK), Global Custom Compliance(China), Vigilant Global Trade Services(US), Centrade(US).  

Oracle provides products and services that address all aspects of corporate IT, such as applications, platforms, and infrastructures. The company has a comprehensive portfolio of supply chains management solutions, such as product lifecycle management, supply chain planning, procurement, logistics, order management, manufacturing, and maintenance management. It offers solutions, such as transportation management, warehouse management, and GTM, for efficient logistics management. It also offers a wide range of solutions and services for various verticals, including utilities, technology, manufacturing, communications, retail, and financial services. The company provides solutions and services in a variety of geographies including the Americas, Europe, the Middle East, Africa and Asia Pacific.

NOTABLE HAPPENINGS IN THE TRADE MANAGEMENT SOFTWARE MARKET IN THE RECENT PAST:

Product Launch – In January 2021, oracle partnered with PharmaciaBerthed. PharmaciaBerthed has selected Oracle fusion cloud supply Chain and manufacturing to improve logistics.

Expansion- In May 2019, OCR Services Inc. the main supplier of worldwide exchange the executive's arrangements, has extended its global impression, item, and administration portfolio into the UK and European markets. The workplace situated in London will effectively expand upon the current client base and satisfy the developing need in Europe and the UK for its Global Trade Compliance programming arrangements.

Expansion- In April 2019, Amber Road, the main supplier of worldwide exchange the executives (GTM) arrangements, has extended its help for customs recording in Europe, related to the send-off of a new multi-country customs warehousing stage. These arrangements address the requirement for organizations to quickly design their production network given changes in exchange guidelines or business methodology and to completely digitize exchange processes with direct self-documenting to customs offices.

COVID-19 impact on Trade Management Software Market

COVID19 is an epidemic due to a new coronavirus. December 2019 was not known before the onset of Wuhan in China. Covid19 was a global trend in a few weeks of local crisis. The WHO of the World Health Organization (WHO) announced COVID19 as an epidemic on March 11, 2020. 

When the virus is rapidly distributed around the world, countries around the world are trying to prevent more infections that take responsibilities such as social distance, contact tracking, remedies, observations, communications and testing. 

So far, China, Korea, Japan and Singapore have gently managed curves, and the United States, Italy, Spain, Germany, France and Iran have imposed a crucial action to slow down the distribution and control their death. Government agencies have announced special financial assistance packages to accelerate the development of preventive and therapeutic drugs, purchase of intensive care medical devices, and approval of diagnostic tests. Organizations around the world, such as the Bill & Melinda Gates Foundation (BMGF) and the Welcome Trust, are also joining forces to accelerate and strengthen efforts to combat the COVID-19 pandemic.

Chapter 1. Trade Management Software Market – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Global Trade Management Software Market – Executive Summary

2.1. Market Size & Forecast – (2022 – 2027) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

       2.3.1. Impact during 2022 - 2027

       2.3.2. Impact on Supply – Demand

Chapter 3. Global Trade Management Software Market – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Global Trade Management Software Market Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3 Customer Analysis

4.4. Porter's Five Force Model

       4.4.1. Bargaining Power of Suppliers

       4.4.2. Bargaining Powers of Customers

       4.4.3. Threat of New Entrants

       4.4.4. Rivalry among Existing Players

       4.4.5. Threat of Substitutes

Chapter 5. Global Trade Management Software Market - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. Global Trade Management Software Market – By Component

6.1. Solutions

6.2. Services

Chapter 7. Global Trade Management Software Market – By Deployment Mode

7.1. Cloud

7.2. On-premises

Chapter 8. Global Conductive Inks Market- By Region

8.1. North America

8.2. Europe

8.3. Asia Pacific

8.4. Others

Chapter 9. Global Conductive Inks Market- By Company Profiles – (Overview, Product Portfolio, Financials, Developments)

9.1. Oracle(US)

9.2. Infor(US)

9.3. Thomson Reuters(Canada)

9.4. ChainLivingston International(Canada)

9.5. Aptean(US)

9.6. SAP(Germany)

9.7. Noatum Logistics(US)

9.8. E2Open(US)

9.9. Descartes(Canada)

9.10. Cargowise(US) and Others

  • Primary & Secondary Sources to Collect & Validate Data

  • Utilization of Both Top Down & Bottom Up Approach

  • Holistic Research Methodology


Scope & Introductory Research

In the initial stage of research, the scope for market is defined. In order to better understanding of the market, secondary focus is on different segmentations of the market. Preliminary research involves identifying key data points related to the market under consideration to estimate the market sizes to the best extent.​

Data Collection 

Based on the scope of the market and the key data points, a number of secondary sources are considered. This data collection stage consists of a team of analysts who gather data from various secondary resources, accessing proprietary databases and primary research by reaching out to key market participants and opinion leaders. ​

Data Fusion

At this stage, collected data using several sources is arranged in structured format. The sources include industry participants, in-house models, key opinion leaders in the market ecosystem and databases. Historical data trends are established at this point, and compared to the current scenario. Based on the macro- and micro-factor prevailing in various geographies, proprietary data models are used to analyze key market countries. Key players in this market are listed based on their capabilities in revenue, sales, and development. The study also involves the identification of companies in the category of 'new entrants' and their potential effects on the market.

Data Analysis

At this stage, the analyst team moves on to understand how the market has changed over the years. The total size of the market is gathered after an study of different business segments and end-users is done. An impact research is also done to see what factors will/may influence the market in the years ahead. The effect of various variables on the industry is often taken into account when forecasting market sizes.

Verification ​

Data verification is conducted at all research levels, however this stage is dedicated to more rigorous checking of the data points. At this stage, the estimated data is triangulated with company revenues and checked with industry experts including several senior executives and key opinion leaders in the market. The data is then summarized, and the findings are derived from the same for the report. ​

Quality Assurance & Report Preparation​

Holistic research methodology is followed with combination of Top Down and Bottom Up approach to undertake the estimation and forecasting task in order to ensure quality of data. At this stage of the research process, a dedicated QA team checks the data and approves after several predefined checks. Each section is checked and questioned to make the report accurate and reliable. In case of discrepancy, a team of analysts reviews the issue, and the whole process is repeated again. That significantly improves the report's quality. After approval, all the parts of the report are brought together and is formatted by highly trained team thus making it ready to dispatch.​

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