DUBLIN--(BUSINESS WIRE)--The "Trade Management Software Market to 2027 - Global Analysis and Forecasts by Component; Deployment; Organization size; End-user" report has been added to ResearchAndMarkets.com's offering.
The global trade management software market was valued at US$ 712.3 Mn in 2018 and is expected to grow at a CAGR of 9.6% during the forecast period 2019 - 2027, to account to US$ 1,607.2 Mn in 2027.
Factors such as complexities in global trade management, cost reduction, and real-time visibility offered by trade management, and rising cross-border trade is driving the global trade management software market. However, frequent changes in the regulatory framework, act as a significant challenge for the global trade management software market growth in the coming years.
Every business across the globe has several concerns related to trade management. These concerns are based on several factors, including the product's geographical location of sourcing, manufacturing, and shipping. Further, import and export volume of the products; compliance and security regulations of the delivery location; the multitude of FTAs and FTZs; the number of partners involved in the supply chain; and the level of internal trade know-how are other vital factors. Additionally, the need for any business may change on a timely basis or depending on the location. Thus, companies across the world are seeking for appropriate GTM solutions to simplify their global trade processes.
The trade and supply chains across the world are expanding drastically, owing to the growth of cross-border markets. This has further driven the establishment of production sites in different locations supported by a global supplier base. With the expansion of the supply chain, the opportunities for errors during shipment across international borders has increased.
Thus, before trading internationally, supply chain management bodies must confirm that all procedures are fulfilled; this necessitates in-depth research and monitoring of regulations across the globe. GTM providers have extensive resources committed to the sole control of and ensuring adherence to international trade rules and regulations that comprises of payment of duties, tariffs, and taxes.
The most prominent region in the global trade management software market in 2018 accounted for North America, followed by Europe and the Asia Pacific. The Middle East and Africa, and South America held the fourth and fifth position in terms of market shares in trade management software market.
The growth of trade management software market in North America is attributed to the presence of developed economies such as the US and Canada. In 2018, the US imported over US$ 2.5 trillion worth of goods from across the globe. From a regional perspective, approximately 45% of the region's total imports in 2018 were bought from providers based in the Asia Pacific region, in terms of value. Fellow region's trade partners delivered around 26% of import sales to the US while around 22% worth initiated from Europe.
Key Topics Covered:
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Trade Management Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Premium insights
4.4.1 Factors Influencing Purchasing Decision
4.4.2 Competitive Product Mapping
5. Trade Management Software Market - Key Industry Dynamics
5.1.1 The Complexities in Global Trade Management is Significantly Creating the Demand for Trade Management Software
5.1.2 Cost Reduction and Real-Time Visibility is Driving Global Trade Management Software Market
5.2.1 Unexpected Expenses due to the Change in Regulations are Negatively Impacting the Software Providers
5.3.1 SaaS-based Deployment is expected to Project Huge Opportunity for Global Trade Management (GTM) vendors
5.4 Future Trends:
5.4.1 Integration of Emerging Technologies with a Trade Management Software
5.5 Impact Analysis
6. Trade Management Software- Global Market Analysis
6.1 Global Trade Management Software Market Overview
6.2 Global Trade Management Software Market Forecast and Analysis
6.3 Market Positioning
7. Trade Management Software Market Revenue And Forecasts To 2027 -Component
7.2 Component market forecasts and analysis
8. Trade Management Software Market Revenue And Forecasts To 2027 - By Deployment
8.2 Deployment Market Forecasts And Analysis
9. Trade Management Software Market Revenue And Forecasts To 2027 -Organization Size
9.2 Organization Size Market Forecasts and Analysis
9.3 Small Enterprise
9.4 Medium Enterprise
9.5 Large Enterprise
10. Trade Management Software Market Revenue And Forecasts To 2027 -End-User
10.2 End-User Market Forecasts And Analysis
10.3 Retail & Consumer Goods
10.5 Logistics & Transport
10.6 Healthcare & Pharma
10.7 Government, Aerospace & Defense
10.8 Chemicals & Minerals
11. Trade Management Software Market - Geographical Analysis
12. Industry Landscape
12.1 Mergers And Acquisitions
12.2 Agreements, Collaborations And Joint Ventures
12.3 New Product Launches
12.4 Expansions And Other Strategic Developments
13. Company Profiles
- Amber Road, Inc.
- Bamboo Rose LLC
- Expeditors International of Washington, Inc.
- Integration Point LLC
- Livingston International
- Oracle Corp
- QAD, Inc,
- SAP SE
For more information about this report visit https://www.researchandmarkets.com/r/dacfy1