Trade Management Software Market Size at USD 1.05 Billion growth between 2022 – 2027, driven by growing need for improved supply chain efficiency
NEW YORK, 21 November 2023 /PRNewswire/ — The Trade Management Software Market report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference of Trade Management Software market between 2022 and 2027 is USD 1.05 billion. That increasing need for improved supply chain efficiency drives the trade management software market. Factors such as expanding delivery timelines, higher costs associated with global shipping or variations in delivery time necessitate visibility and optimization of supply chains. To facilitate the exchange of information about inventory and end products between departments, such as warehouses, warehousing and production, trade management software forms an essential link between order management systems and distribution centers. Get deeper insights into the market size, current market scenario, future growth opportunities, key growth drivers, latest trends and much more. Buy a full report here
Technavio has announced its latest market research report titled Global Trade Management Software Market 2023-2027
- Market Challenge – That increasing complexity of global trade challenge the trade management software market. The trade management software platforms handle various issues in multiple languages, time zones, currencies and modes of transportation. Learn about additional key drivers, trends and challenges available with Technavio. Read a sample PDF report now
The trade management software market is segmented by deployment (cloud-based and on-premise), end-user (retail and consumer goods, IT and telecom, automotive, transport and logistics and others) and geography (North America, EuropeAPAC, South Americaand Middle East and Africa).
- That cloud-based implementation segment held the largest market share for trade management software in 2020. The segment is likely to maintain its dominance in overall market growth, primarily due to the increasing adoption of trade management software in organizations across emerging and advanced economies. Companies in advanced economies like the US are increasingly focusing on adopting global strategies that reduce business risks, protect their brand and ensure customer satisfaction while increasing revenue and expanding markets using trade management software.
- By region, the global trade management software market is segmented into North America, EuropeAPAC, South Americaand Middle East and Africa. North America will explain 33% of market growth in the forecast period. Factors such as the presence of major trade management players and the increasing need for effective global trade compliance and effective supply chain management are driving the growth of the trade management software market in APAC. See a sample report for insight into the contribution of all segments and regional opportunities in the report.
Key Companies in the Trade Management Software Market:
Acme Trade Group Pty Ltd., AEB SE, Aptean Group of Companies, Bamboo Rose LLC, Cognizant Technology Solutions Corp., Descartes Systems Group Inc., E2open Parent Holdings Inc., Expeditors International of Washington Inc., Koch Industries Inc., Livingston International Inc., MIC Datenverarbeitung GmbH, Noatum Holdings SLU, OCR Services Inc., Oracle Corp., QAD Inc., S and P Global Inc., SAP SE, Thomson Reuters Corp., Trademo Technologies Inc., United Parcel Service Inc.
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Trade Management Software Market Scope |
|
Report coverage |
details |
Base year |
2022 |
Historical period |
2018-2022 |
Forecast period |
2023-2027 |
Growth Momentum & CAGR |
Accelerating at a CAGR of 10.72% |
Market growth 2023-2027 |
USD 1.05 billion |
The structure of the market |
Fragmented |
Annual growth 2022-2023 (%) |
9.21 |
Regional analysis |
North America, Europe, APAC, South America and the Middle East and Africa |
Execution of market contributions |
North America with 33% |
Key countries |
USA, Canada, China, Germany and UK |
Competitive landscape |
Leading suppliers, market positioning of suppliers, competitive strategies and industry risks |
TOC:
Executive Summary
Market landscape
Market size
Historical market sizes
Five forces analysis
Market segmentation by implementation
Market segmentation by end user
Market segmentation by geography
Customer landscape
Geographical Landscape
Drivers, challenges and trends
Company landscape
Business analysis
Appendix
About Technavio
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