Trade Management Market Overview 2023-2028, Key Insights, Industry Share, Size, Regional Outlook, Growth Opportunity

PRESS RELEASE

Published April 4, 2023

According to the latest report by IMARC Group, titled “Trade Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global trade management market size reached US$ 980 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,698 Million by 2028, exhibiting a growth rate (CAGR) of 10.1% during 2023-2028. Trade management represents computer applications and related services that assist an organization in automating and centralizing cross-border trade activities and operations. They involve several types of functionalities, which include trade compliance, trade finance, trade consulting, etc. Trade management solutions help to digitally implement a trade sequence that includes determining allocation size, discovering a set-up, planning the entry and exits of the trade, etc. They even provide control and transparency over orders, shipments, and payments and include various modules for trade compliance, customs management, monitoring logistics, etc. As a result, trade management systems find widespread utilization across numerous sectors, such as retail, consumer goods, transportation, logistics, manufacturing, aerospace, defense, healthcare, etc.

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Global Trade Management Market Growth:

The emerging trend of digitization and the expanding industrialization across the globe are among the key factors driving the trade management market. Additionally, the escalating adoption of the software solution by traders for lowering their manual and back-office operations and optimizing their business processes and trade activities are further stimulating the global market. Besides this, the rising public and private investments in multiple logistics infrastructural projects, especially in developing countries, for import and export management are acting as significant growth-inducing factors. Moreover, the development of technologically advanced solutions by leading market players that aid in improving supply chain agility, minimizing operational time, and reducing distribution costs, is also positively influencing the global market. Apart from this, the launch of favorable policies by government bodies aimed at promoting international trade activities is expected to propel the trade management market over the forecasted period.

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Competitive Landscape with Key Players:

Amber Road, Inc.
Integration Point, Inc.
Livingston International Inc.
Oracle Corporation
QAD Inc.
QuestaWeb Inc.
SAP SE

Breakup by Component:

Solutions
Services

Breakup by Functionality:

Trade Function
Trade Compliance
Trade Finance
Trade Consulting
Others

Breakup by Deployment Type:

Cloud-based
On-premises

Breakup by Enterprise Size:

Small and Medium Sized Enterprises (SMEs)
Large Enterprises

Breakup by End-Use Sector:

Retail and Consumer Goods
Transportation and Logistics
Aerospace and Defense
Healthcare
Manufacturing
Others

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers
nd Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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