Trade Management Software Market By Offerings (Services, Solutions), By Deployment Model (On-premise, Cloud-based), By Organization Size (Small & Medium Enterprise, Large Enterprise), By End-use Vertical (Retail, Transport & Logistics, Healthcare, Government, Manufacturing, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

The global trade management software market was valued at US$ 632.3 Mn in 2018 and is anticipated to grow to US$ 1,253.9 Mn expanding at a CAGR of 8.1% during the forecast period from 2019 to 2027. The trade management software simplifies complex trading activities such as import and export management, shipment monitoring, etc., which in turn helps companies manage their international trade and import-export activities. Reducing supply chain and compliance risk has been one of the most important features of this software, thereby allowing traders and companies to effectively and efficiently manage their businesses. It also reduces the risk associated with import-export and related regulations & legal policies by automatically managing cross-border transactions and maintaining transparency.

Market Synopsis

Cloud-based Trade Management Software Segment to Dominate and set to Register Maximum Growth throughout the Forecast Period

Based on the deployment model, the global trade management software market is categorized into on-premise and cloud-based. The cloud-based segment is the largest revenue-contributing segment and is expected to remain dominant throughout the forecast period. This is due to the widespread adoption of cloud technology by small and medium enterprises and the benefits of cloud technology, such as lower costs and a high operational agility level. For instance, in July 2018, Oracle extended its product portfolio by adding cloud-based warehouse management for improved logistics performance, which is expected to reduce cost, optimize inventory levels and improve customer service.

North America Dominates; the Asia Pacific Touted to Register Highest Growth during the Forecast Period

North America is the largest value-contributing region and dominates the market, and it is expected to remain dominant throughout the forecast period. This is due to the increasing trade activities owing to high imports in the U.S., which accounted for approximately USD 2,613.31 Mn in 2018. Thus driving the demand for trade management software in the region. North America is followed by Asia pacific. However, the Asia Pacific region is set to register the highest growth during the forecast period. This is due to the burgeoning trade activities in countries such as China, India, and Japan. In addition, growing concerns regarding automatic inventory tracking, filing, and reporting with risk assessment and security programs are enhancing the adoption of trade management software in the region.

Some of the leading manufacturers profiled in the study include Amber Road, Inc., Aptean, Descartes, SAP SE, Integration Point, Inc., Oracle, Precision Software, QuestaWeb, Inc., Livingston International, MIQ Logistics, Thomson Reuters, and MIC Customs Solutions, Bamboo Rose LLC, and Expeditors International of Washington, Inc. among others.

Historical & Forecast Period

This research study provides qualitative and quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, CAGR (Compounded Annual Growth Rate) for each component and sub-segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The trade management software market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global trade management software market based on offerings, deployment model, organization size, end-use vertical, and geography.

Frequently Asked Questions