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 Trade Management Market research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on a detailed analysis of the technological and product developments undertaken by these companies.
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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