DUBLIN--(BUSINESS WIRE)--The "Trade Management Software Market - Global Drivers, Opportunities, Trends, and Forecasts to 2023" report has been added to Research and Markets' offering.
The Trade Management Software Market is expected to reach $1,151.6 million by 2023, growing at a CAGR of 10.6% during the forecast period 2017-2023.
Increasing complexities in global trade, frequently changing trade regulations, growing demand for reducing operation costs, rapid urbanization, and increasing demand for supply chain optimization and visibility are forcing the organizations to focus on developing innovative solutions in trade management market. The increasing adoption of cloud in SMEs and technology advancements are some of the additional factors contributing to the market growth.
The solutions and services are the major products in the trade management software market. The products playing a prominent role in fulfilling the demands of customers. The solutions segment holds a prominent market share and is expected to reach $573.8 million by 2023. But the services segment is expected to have a prominent growth in CAGR during the forecast period. A number of start-ups are entering the market to offer attractive solutions and services in trade management market to the customers. The innovations in IoT and increasing R&D investments from big organizations for the development of logistics infrastructure are also contributing to the market growth.
At present North America has the majority share of the market mainly due to technological advancements. The market is witnessing a prominent growth in the countries such as the US and Canada. Europe is spending hugely in the manufacturing industry and has lot of opportunities in the market. The developing regions such as Asia Pacific will be boosting the market growth during the forecast period.
The regional government initiatives for developing smart city projects and increasing FDI for the development of logistics infrastructure in the region are the main factors contributing to the market growth. The MEA region is expected to exhibit superior growth, as the regional governments are spending hugely on the development of infrastructure which will offer huge opportunities for the key players to provide innovative solutions and services in the region.
The key players covered in the report are Amber Road, Descartes, Oracle, SAP, and JDA Software.
Key Topics Covered:
1 Industry Outlook
2 Report Outline
3 Market Snapshot
4 Market Outlook
5 Market Characteristics
6 Solutions: Market Size and Analysis
7 Services: Market Size and Analysis
8 Deployment Model: Market Size and Analysis
9 End-Users: Market Size and Analysis
10 Regions: Market Size and Analysis
12 Global Generalists
- Amber Road
- HighJump Software Inc.
- IBM Corp.
- JDA Software
- SAP AG
For more information about this report visit https://www.researchandmarkets.com/research/dxk686/trade_management