According to the latest report by IMARC Group, titled “Trade Management Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global trade management market reached a value of US$ 881 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,564 Million by 2027, exhibiting at a CAGR of 10.5% during 2022-2027.
Trade management represents the computer applications that assist an organization in managing trades and their operations. They involve various tasks, including monitoring the trade, executing the entry and exits of the trade, and determining the position size. Trade management offers control and transparency over shipments, orders, and payments and comprises of modules for trade compliance, monitoring logistics, and customs management. It finds extensive applications across various industries, such as retail and consumer goods, transportation logistics, manufacturing, aerospace defense, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Trade Management Market Trends:
The elevating levels of digitization and industrialization across the globe are primarily driving the trade management market. Apart from this, the widespread adoption of software solutions by traders to minimize the manual and back-office operations and optimize the business processes is further propelling the market growth. Additionally, the growing public and private investments in numerous logistics infrastructural projects for import and export management are also augmenting the global market. Furthermore, the development of technologically advanced solutions that enhance supply chain agility is acting as another growth-inducing factor. Besides this, the implementation of various policies by government bodies to promote international trade activities and extensive research and development (RD) activities will further continue to propel the trade management market in the coming years.
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Key Market Segmentation:
Competitive Landscape with Key Players:
- Amber Road, Inc.
- Integration Point, Inc.
- Livingston International Inc.
- Oracle Corporation
- QAD Inc.
- QuestaWeb Inc.
- SAP SE
Breakup by Component:
Breakup by Functionality:
- Trade Function
- Trade Compliance
- Trade Finance
- Trade Consulting
Breakup by Deployment Type:
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
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers
- nd Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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.
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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