DUBLIN--(BUSINESS WIRE)--The "Trade Management Software Market By Solutions (Trade Function, Trade Compliance, Trade Finance, and Supply Chain Visibility) Services (Consulting, Implementation, and Support & Maintenance) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
According to the author, global trade management software market will grow at a CAGR of nearly 12% during the forecast period 2019-2025.
Global trade management software is a set of solutions designed and developed for smoothening the trade operations by streamlining and automating it. Importers and exporters integrate global trade management software with their ERP/supply chain software to collaborate with trade partners efficiently. Global trade management software includes modules for trade compliance, import management, export management, customs management, and others. Others include modules focused on logistics, transportation, and supply chain. Trade compliance accounted for a major share in the global trade management software market. International trade compliance refers to the way how company observes the laws and regulations that govern its international business operations. Sudden changes in the regulations can lead to severe consequences as most of the organizations are unaware of the changes made by the government. Therefore, the adoption of trade compliance solution will enable them in avoiding these consequences by streamlining the business operations and accurately complying the changing regulations.
The volume of international trade has been growing due to globalization and transportation and logistics companies are facing issues related to streamlining the business process and operation costs associated with growing trade operations. Financial year 2017 and 2018 has witnessed substantial trade operations worldwide despite issues regarding Brexit and the trade war between US and China.
Some of the major factors which will affect the global trade management software market positively are as follows:
- Increased sourcing from locations with cheap labor including China and India driving the trade activities and the demand for global trade management software.
- Increasing cross border security standards driving the demand for global trade management software.
- Compliance with the growing number of free trade agreements among several countries requires automation through a trade management software.
One of the major factors hampering the adoption of global trade management software is the reluctance of many companies to adopt these solutions mainly due to concerns regarding the integration of trade management software with existing software and systems. End-users often prefer a plug-and-play solution to ease the integration process of trade management software with the ERP software present in the system.
In the forecast period, the global trade management software market is expected to witness consolidation with many major ERP vendors entering in the market. For instance, E2open acquired Amber Road, which is one of the major trade management software providers in May 2019. Major ERP software vendors will pose a major threat to small core trade management software vendors in the market.
The aim of this report is to define, analyze, and forecast the global trade management software market based on segments, which include deployment, offering, mode of trade, solutions, and region. In addition, trade management software market report helps venture capitalists in understanding the companies better and make well-informed decisions and is primarily designed to provide the company's executives with strategically substantial competitor information, data analysis, and insights about the market, development, and implementation of an effective marketing plan
- The report comprises an analysis of vendors profile, which includes financial status, business units, key business priorities, SWOT, business strategies, and views.
- The report covers the competitive landscape, which includes M&A, joint ventures & collaborations, and competitor comparison analysis.
- In the vendor profile section for companies that are privately held, the financial information and revenue of segments will be limited.
Key Topics Covered:
1 Executive Summary
2 Industry Outlook
2.1 Industry Snapshot
2.1.1 Industry Trends
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
3.2.1 PEST Analysis
3.2.2 Porter's Five Force Analysis
3.3 Related Markets
4 Market Characteristics
4.1 Market Ecosystem
4.2 Market Segmentation
4.3 Market Dynamics
22.214.171.124 Globalization and economic growth driving international trade
126.96.36.199 Reluctance among some end-users in adopting trade management software
188.8.131.52 Growing number of new trade routes
4.3.4 DRO - Impact Analysis
5 Global Trade Management Software Market, By Deployment
6 Global Trade Management Software Market, By Mode of Trade
6.3.1 Road and Rail Based
6.3.2 Air Based
6.3.3 Water Based
7 Global Trade Management Software Viewers, By Solutions
7.2 Trade Compliance
7.3 Import and Export Management
7.4 Customs Management
8 Global Trade Management Software Market, By Offering
9 Global Trade Management Software Market, By Region
9.2.4 Rest of APAC
9.3 North America
9.4.4 Rest of Europe
9.5.1 Middle East and Africa
9.5.2 Latin America
10 Competitive Landscape
10.1 Competitor Analysis
10.3 Market Developments
10.3.1 Mergers & Acquisitions (M&A)
10.3.3 Business Restructuring
11 Vendor Profiles
11.1.1 Analyst Opinion
11.1.2 Business Analysis
11.4 Integration Point
11.7 Bamboo Rose
11.9 Descartes Systems Group
11.10 QAD Precision
11.14 Expeditors International of Washington
12.1 Report Scope
12.2 Market Definition
12.3 Research Methodology
12.3.1 Data Collation & In-house Estimation
12.3.2 Market Triangulation
12.4 Study Declarations
12.5 Report Assumptions
For more information about this report visit https://www.researchandmarkets.com/r/psydga