DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Trade Management Market by Component (Solutions and Services), Deployment Type (On-Premises and Cloud), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global forecast to 2022" report to their offering.
Increasing complexities in managing global trade process is driving the global trade management market.
The global trade management market size is expected to grow from USD 645.2 million in 2017 to USD 1,034.2 million by 2022, at a CAGR of 9.9%
Complexities such as different time zones, modes of transport, multiple languages, and currencies are a few of the challenges faced by organizations in global trade. Thus, organizations have been inclined to adopt efficient solutions and services such as global trade management systems that enable effective management of complex trade processes. Organizations resistant to change traditional solutions are one of the restraints for the global trade management market.
Government and concerned authorities of different countries have been imposing regulations on global trade to curb the illegal activities through cross-border sales. Furthermore, government authorities have been keen on protecting vital information and unauthorized goods from being shared with other countries.
The Small and Medium Enterprises (SMEs) segment is expected to grow at the highest CAGR in the global trade management market during the forecast period. SMEs have been majorly dependent on manual records, spreadsheets, and tradition solutions to maintain their trade records and processes. This is due to lack of awareness and budget constraints. However, with the proliferation of cloud-based deployment models, the SMEs segment is likely to attract traction in the market.
Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global Trade Management Market Analysis, By Component
8 Global Trade Management Market Analysis, By Deployment Type
9 Global Trade Management Market Analysis, By Organization Size
10 Global Trade Management Market Analysis, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Amber Road, Inc.
- Aptean, Inc.
- Integration Point, Inc.
- Livingston International, Inc.
- MIC Customs Solutions
- MIQ Logistics
- Oracle Corporation
- Precision Software
- QuestaWeb, Inc.
- SAP SE
- The Descartes Systems Group, Inc.
- Thomson Reuters Corporation
For more information about this report visit http://www.researchandmarkets.com/research/rtxghr/global_trade