The global trade management market size reached USD 1,022.6 million in 2021 and is expected to register a revenue CAGR of 10.4% during the forecast period, according to latest analysis by Emergen Research. Robust market revenue growth can be attributed to rising demand for automation in management of trade processes in order to reduce operational costs of an organization, which has led to development of various trade management software.
Trade management software is capable of addressing complexities, thereby providing robust and scalable platforms such as pay-as-you-go models, owing to which, adoption of such management solutions has been increasing across various end-use industries. On 18 May 2022 for instance, DiMuto launched new trade management software ‘DiMuto Farm Management’, which aids small farm holders to digitize their operations, and achieve desired changes in their supply chain. This management software also connects operations such as growing, harvesting, selling, payment, and other services for better visibility of supply chain of farms.
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Various companies are focusing on adoption of Global Trade Management (GTM) systems, which is expected to drive demand over the forecast period in order to optimize and simplify overall trade management system. Moreover, vendors of GTM systems are adopting software-based trade management solutions with changing market dynamics to sustain among the competition and enhance market revenue. In addition, organizations are training and integrating GTM systems with corporate systems for smooth management of information over the cloud or on-premises platforms.
The Global Trade Management Market Research Report added to its expanding repository is an all-inclusive document containing insightful data about the Trade Management Market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Trade Management Market industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2021. The report assesses the historical data and current scenario to offer accurate estimations of the Trade Management Market in the coming years.
Key players involved in the market such as Oracle, Thomson Reuters, Aptean, SAP, e2open, LLC, Precision, Bamboo Rose LLC, OCR Services, Inc, Vigilant GTS LLC, 4PL Consultancy Ltd, MIC, and AEB.
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Emergen Research has segmented the global trade management market based on component type, deployment type, functionality, enterprise size, end-use, and region:
Component Type Outlook (Revenue, USD Billion; 2019-2030)
Solution
Service
Deployment Type Outlook (Revenue, USD Billion; 2019-2030)
On-premise
On-cloud
Functionality Outlook (Revenue, USD Billion; 2019-2030)
Financial Control Management
Contract Management
Operational Risk Management
Audit Management
Compliance Management
Others
Enterprise Size Outlook (Revenue, USD Billion; 2019-2030)
Small and Medium-Sized Enterprises (SMEs)
Large Enterprises
End-Use Outlook (Revenue, USD Billion; 2019-2030)
Retail & Consumer Goods
Transportation & Logistics
Aerospace & Defense
Healthcare
Manufacturing
Others
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Benefits of Buying the Global Trade Management Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Trade Management Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Trade Management Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Trade Management Market
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