Trade Management Market

Trade Management Market is predicted to reach USD 1,828 million by 2028, registering a CAGR of 10.4% over the forecast period (2021-2028), owing to the emerging need to optimize organizational costs.

Introduction of the Trade Management Market Report

Trade management can be defined as computer applications and related services that help an organization to automate cross-border and centralize trade activities and operations. It digitally implements a trade sequence that includes determining the allocation size, discovering a set-up, monitoring and planning the entry and exit of the trade. It also provides control and transparency over orders, shipments, and payments and includes modules for trade compliance, customs management and monitoring logistics.

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Market Dynamic 

Key Drivers and Emerging Trends

Increasing adoption of automation in trade management processes for effective management of trade services and reducing operational costs of organizations is one of the major factors propelling the trade management market growth. In addition, private and public organizations are increasingly investing in logistics infrastructural projects for import and export management, which will bolster the market growth. As per the Global Trade Management Market Report, growing adoption of trade management software across transportation & logistics, retail and consumer good, aerospace, and manufacturing, owing to the enhanced control and transparency over shipments and payments has propelled the market growth. Further, factors including the rising volume of international trade, increasing digitalization, and strategic government norms to expand the trade are projected to expand the market growth. With the increase in globalization in trade, organizations are trying to expand their business across different countries, which has driven the need for trade management software as it helps to improve process efficiency and minimize complications associated with the imports and exports. On the other hand, lack of adequate resources among the small and medium organizations has hampered the adoption of trade management software, thus, impeding the Trade Management Market Size.

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Deployment Mode – Segment Analysis

Cloud deployment is projected to expand at a higher CAGR during the forecast period, owing to the remarkable benefits which include faster deployment, reduced capital expenses, and minimum maintenance and IT cost. In addition, the higher level of operational agility offered by cloud deployment at a lower cost has augmented its adoption across small and medium organization. For example, Oracle’s Cloud solution comprises of Oracle Global Trade Management Cloud, which helps the company to manage, track, and visualize inventory across inventory in transit with real-time data.

Vertical – Segment Analysis

Transportation and logistics end-use industry vertical is estimated to witness a significant growth over the upcoming years. With the increasing globalization and emergence of new trade routes, the trade traffic has significantly increased, thereby, generating the need for enhanced global logistics and cargo tracking services to maintain cross-border transactions, fuelling the segment’s growth. The incorporation of Machine Learning, Artificial Intelligence, and IoT are giving the way to connected logistics, thereby fueling the market growth

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Regional – Segment Analysis:

North America is expected to hold a larger share over the upcoming years, primarily because of the increasing adoption of cloud-based technology and flourishing trade across China, Japan, and India. is one of the most advanced regions in technology adoption and infrastructure. For instance, the International Trade Administration have enforced trade law and agreements to ensure fair trade. In addition, as per the Trade Management Market trend, the strong presence of leading players including Oracle, Thomson Reuters, Aptean will further boost the growth of this market.

Top Market Players 

Various notable players operating in the market, include, Oracle, Infor., Livingston International, Aptean., SAP, Noatum Logistics, AEB, Shipsy.io, Bamboo Rose LLC, Bolero, among others.

Key Developments:

• • In 2022, DiMuto introduced new trade management software, ‘DiMuto Farm Management’, to help small farm holder automate their operations and achieve effectiveness in trade management of their farms.
  • In 2021, Oracle entered in a partnership with Pharmaniaga Berhad. Pharmaniaga Berhad (Pharmaniaga) to enhance logistics procedures for the distribution of COVID-19 vaccine in Malaysia. Pharmaniaga can expand the efficiency and security of its logistics operations by mechanizing planning and execution processes and gaining real-time shipment insights using Oracle Cloud SCM.
  • In Nov 2021, Oracle has released the updated version of Transportation and Global Trade Management software 6.5.1 which is available for download from Oracle Software Delivery Cloud.
  • In March 2021, BluJay Solutions, a provider of global supply chain software and services, announced the Augmented Global Trade platform launch. It is a multi-tenant SaaS platform which enhances and automates the end-to-end customs and compliance requirements for the international trade.

Segments covered in the Report:

The global Trade Management Market has been segmented on the basis of Deployment Mode, Vertical, Organization Size, Component and regions. Based on Deployment Mode, the market is segmented into Cloud and On Premises. Based on Vertical, the market is segmented into Government and Public Sector, Retail and Consumer Goods, Energy and Utilities, Education, Manufacturing, Transportation and Logistics, Healthcare and Life Sciences and Other. Based on Organization Size, the market is segmented into SMEs and Large Enterprises. Based on Component the market is segmented into Solutions and Services.

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Key questions answered in this research report:

• • At what pace is global Trade Management Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Trade Management Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Trade Management Market?
  • Which Deployment Mode generated maximum revenues in 2020 and identify the most promising Deployment Mode during the forecast period?
  • What are the various Vertical areas of global Trade Management Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Trade Management Market by Deployment Mode

• • Cloud
  • On Premises

Global Trade Management Market by Vertical

• • Government and Public Sector
  • Retail and Consumer Goods
  • Energy And Utilities
  • Education
  • Manufacturing
  • Transportation and Logistics
  • Healthcare and Life Sciences
  • Other

Global Trade Management Market by Organization Size

• • SMEs
  • Large Enterprises

Global Trade Management Market by Component

• • Solutions
  • Services

Global Trade Management Market by Region

• • North America Trade Management Market (Option 1: As a part of the free 25% customization)
    • By Deployment Mode
    • By Vertical
    • By Organization Size
    • By Component
    • US Market All-Up
    • Canada Market All-Up
  • Europe Trade Management Market (Option 2: As a part of the free 25% customization)
    • By Deployment Mode
    • By Vertical
    • By Organization Size
    • By Component
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Trade Management Market (Option 3: As a part of the free 25% customization)
    • By Deployment Mode
    • By Vertical
    • By Organization Size
    • By Component
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Trade Management Market (Option 4: As a part of the free 25% customization)
    • By Deployment Mode
    • By Vertical
    • By Organization Size
    • By Component
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Oracle
  • Infor.
  • Livingston International
  • Aptean.
  • SAP
  • Noatum Logistics
  • AEB
  • io
  • Bamboo Rose LLC
  • Bolero