The global trade management market size reached USD 1,022.6 million in 2021 and is expected to register a revenue CAGR of 10.4% during the forecast period, according to latest analysis by Emergen Research. Robust market revenue growth can be attributed to rising demand for automation in management of trade processes in order to reduce operational costs of an organization, which has led to development of various trade management software. Trade management software is capable of addressing complexities, thereby providing robust and scalable platforms such as pay-as-you-go models, owing to which, adoption of such management solutions has been increasing across various end-use industries. On 18 May 2022 for instance, DiMuto launched new trade management software ‘DiMuto Farm Management’, which aids small farm holders to digitize their operations, and achieve desired changes in their supply chain. This management software also connects operations such as growing, harvesting, selling, payment, and other services for better visibility of supply chain of farms.
The latest and updated research report on the Global Trade Management Market covers a comprehensive overview of the Trade Management market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Trade Management market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
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Some Key Highlights in the Report
- On 03 August 2020, Maersk launched a digital supply chain platform for management of small and medium-sized businesses. The ‘Maersk Flow’ technology is to help companies by reducing the manual effort of trade management through automation of the process.
- On-cloud deployment segment accounted for a significantly large revenue share in 2021 owing to increasing deployment of trade management software in enterprises across emerging and advanced economies. Furthermore, cloud-based trade solutions help in providing real-time updates during trade compliance, which in turn aids in compliance missteps and cost penalties. For example, the Bureau of Industry and Security (BIS) has convicted 31 individuals on criminal charges that resulted in USD 287.1 million in criminal fines and 576 months of imprisonment.
- Aerospace segment is expected to register fastest revenue CAGR throughout the forecast period. This can be attributed to rise in global trade through cargo aircraft in order to ensure seamless delivery. Also, there is a surge in demand for aviation services pertaining to which market players such as Boeing are increasing their projects to work on trade management automatically. Presence of associations such as the Federal Aviation Administration (FAA) ensures the safety of aircraft-based trade such as aircraft and aircraft parts, which has also led to increasing adoption of various trade management software.
- Market in Asia Pacific is expected to register fastest revenue CAGR during the forecast period. This can be attributed to surge in adoption of trade management-based software solutions in countries such as India and China. According to a recent UN trade and development conference, Asia is the world’s leading beneficiary of Foreign Direct Investment (FDI). Furthermore, changes and adjustments made by the Government of India in FDI policy to promote FDI inflows are expected to improve the country’s foreign trade ties. These measures are expected to increase regional demand for trade management software and drive revenue growth of the segment.
The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Prominent Players Analyzed in the Report:
Oracle, Thomson Reuters, Aptean, SAP, e2open, LLC, Precision, Bamboo Rose LLC, OCR Services, Inc, Vigilant GTS LLC, 4PL Consultancy Ltd, MIC, and AEB.
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Furthermore, the report divides the Trade Management market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Emergen Research has segmented the global trade management market based on component type, deployment type, functionality, enterprise size, end-use, and region:
- Component Type Outlook (Revenue, USD Billion; 2019-2030)
- Solution
- Service
- Deployment Type Outlook (Revenue, USD Billion; 2019-2030)
- On-premise
- On-cloud
- Functionality Outlook (Revenue, USD Billion; 2019-2030)
- Financial Control Management
- Contract Management
- Operational Risk Management
- Audit Management
- Compliance Management
- Others
- Enterprise Size Outlook (Revenue, USD Billion; 2019-2030)
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Retail & Consumer Goods
- Transportation & Logistics
- Aerospace & Defense
- Healthcare
- Manufacturing
- Others
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2022-2030. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Overview of the Trade Management Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
- In-depth analysis of the risks, restraints, and limitations in the Trade Management industry
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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