Trade Management Software Market (Updated Version Available)
Trade Management Software Market | Size, Share & Trends Analysis, By Function (Custom management, Finance management, Trade compliance, Trade analytics, and Others), Deployment (Cloud and On-Premises), Organization size (Large enterprise, and Small & Medium enterprise), End-User (IT & Telecom, Transportation & Logistics, Healthcare, Automotive, Retail, and Others), By Region, Forecast Period- 2022-2030
Report ID : RI_673846 | Date : September 2024 |
Format : 
Key Market Overview:
The Trade Management Software Market was valued at USD 1,190 Million in 2022, registering a CAGR of 10.5% during the forecast period (2023-2030), and the market is projected to be worth USD 2,488.93 Million by 2030.
Trade management software is used to manage trade related operations including import/export management, cross-border trade management, trade compliance, and custom filings. The software streamlines the practices of logistics and settlements to facilitate flow of information and money for significant improvement of operation efficiency. Trade management becomes vital need for companies for analyzing the data and operating legacy systems.
Additionally, trade management is associated with screening export orders and financial trades. Trade management is essential for elimination of processing delays, and reduction of inbound delays. The software enables organizations to ensure adherence to trade regulation and control shipment of orders. For instance, QAD precision software, offers global trade compliance solution including import/export management and free trade agreement, along with transportation solution such as transportation execution and shipping.
Further, advancements in artificial intelligence (AI), machine learning (ML), and blockchain helps the companies to strengthen supply chain operations by improving transportation and finance management. Automation in trade management system is driving the demand of trade management software market.
Trade Management Software Report Coverage:
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Market Dynamics:
Driver:
Automation in trade management system is driving the demand of trade management software market
Automation in trade management system is driving the demand of trade management software market
Trade management becomes vital need for companies for analyzing the data and operating legacy systems. Trade management is associated with screening export orders, and financial trades. Advancements in artificial intelligence (AI), machine learning (ML), and blockchain helps the companies to strengthen supply chain operations by improving transportation and finance management. Thus, development in automated trade management system is promoting the growth of trade management software market. For instance, ImportKey, an AI-based software, to offer identification of top products, buyer, and sellers by using import and export data.
Restraint:
Organizations relying on traditional trade operations is hampering the growth of trade management software market
Organizations relying on traditional trade operations is hampering the growth of trade management software market
Organizations are relying on traditional ways of trade operations including supply chain management, trade compliance, and transportation management. Adoption of software is restricted by companies owing to lack of skilled professionals to handle latest technologies. Thus, lack of expertise for advanced technologies has retrain the growth of trade management software market.
Trade Management Software Market Segmentation:
By Function
The function segment is classified into Custom management, Finance management, Trade compliance, Trade analytics, and Others.
Trade management segment holds major market share of trade management software market due to rising adoption of software for import/export management and trade agreement. Additionally, companies with complex supply chain are increasing the demand of trade management system for efficient business operation.
Custom management segment is projecting continuous growth in trade management software market due to reduced costs, and cross-border clearance. Integration of emerging technologies and changing custom needs for import/export management is driving the demand of custom management system.
By Deployment
The deployment segment is divided into Cloud and On-Premises.
Cloud segment accounted largest revenue share for trade management software market owing to rapid adoption of advanced technologies for business operations.
Cloud based trade management solution is expected to grow during forecast period due to advancement in technologies and rising investments by cloud providers. Cloud based software gives easy accessibility, flexible pricing model, robust scalability, and easy upgradation which helps to drive the market for cloud-based software.
By Organization size
The organization size segment is bifurcated into Large enterprise, and Small & Medium enterprise.
Large enterprise accounted largest revenue share in trade management market. Rising demand for efficient trade management, import/export management, compliance management, and financial management solutions is rising the demand of trade management software for large enterprises. Large enterprises rely on global trade regulations resulting to drive the demand of trade management software.
Small and medium enterprise is anticipating showcase significant growth during forecast period owing to rapid adoption of cost-effective cloud based solution for business management. Small and Medium enterprises are focusing on investments and fundings in advancement of technologies for expansion of business.
By End-User
The end-user segment is categorized into IT & Telecom, Transportation & Logistics, Healthcare, Automotive, Retail, and Others.
Retail segment captured major market share for trade management market due to rapid adoption of software for monitoring import/export services and supply chain. Additionally, trade management software is used to streamline business practices. For instance, Trade Promotion Master, an AI based prediction model, helps to improve and optimize strategic business plannings to streamline business operations.
Healthcare segment holds major market share for trade management software owing to growing demand of COVID-19 vaccines coupled with medical essentials and rising international trades for pharmaceutical companies. For instance, GE Healthcare shipped the products to 145 different locations by complex supply chain management system for which GE Healthcare has adopted E2open trade compliance platform to reduce the operational cost.
By Region
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
North America holds major share for trade management software market. Increasing trade activities and import/export volume is the demand of trade management software market. Additionally, presence of major market players including QAD Inc., Bamboo Rose, E2open LLC, and others, is rising the growth of trade management software market in North America region.
Asia Pacific region is showcasing fastest growth in trade management software market due to emerging logistic industries and rising adoption of latest technologies by developing countries such as China, India, Japan, and South Korea.
Trade Management Software Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global Trade Management Software Market. Key players in the market include-
• E2open
• Bamboo Rose LLC
• Livingston International Inc.
• Aptean Inc.
• QAD Inc.
• MIQ Logistics
• Oracle Corporation
• Shipsy
• QuestaWeb Inc.
• SAP SE
• Bolero International
Recent Developments:
• In March 2022, E2open acquired Logistyx Technologies, multi carrier shipping software, the acquisition aim to enhance global footprint of E2open for shipment management and to offer shipping capabilities for supply chain platform.
• In July 2020, QAD Precision announced the launch of QAD Precision 18.1, a next generation version of trade and shipping software. The software offers specialized tool for import activities and helps with complex trade regulations.
The Trade Management Software Market was valued at USD 1,190 Million in 2022, registering a CAGR of 10.5% during the forecast period (2023-2030), and the market is projected to be worth USD 2,488.93 Million by 2030.
Trade management software is used to manage trade related operations including import/export management, cross-border trade management, trade compliance, and custom filings. The software streamlines the practices of logistics and settlements to facilitate flow of information and money for significant improvement of operation efficiency. Trade management becomes vital need for companies for analyzing the data and operating legacy systems.
Additionally, trade management is associated with screening export orders and financial trades. Trade management is essential for elimination of processing delays, and reduction of inbound delays. The software enables organizations to ensure adherence to trade regulation and control shipment of orders. For instance, QAD precision software, offers global trade compliance solution including import/export management and free trade agreement, along with transportation solution such as transportation execution and shipping.
Further, advancements in artificial intelligence (AI), machine learning (ML), and blockchain helps the companies to strengthen supply chain operations by improving transportation and finance management. Automation in trade management system is driving the demand of trade management software market.
Trade Management Software Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 2,488.93 million |
| CAGR (2023-2030) | 10.5 % |
| Base Year | 2022 |
| By Function | Custom management, Finance management, Trade compliance, Trade analytics, and Others. |
| By Deployment | Cloud and On-Premises |
| By Organization size | Large enterprise and Small & Medium enterprise |
| By End-User | IT & Telecom, Transportation & Logistics, Healthcare, Automotive, Retail, and Others |
| By Geography |
|
| Key Players | E2open, Bamboo Rose LLC, Livingston International Inc., Aptean Inc., QAD Inc., MIQ Logistics, Oracle Corporation, Shipsy, QuestaWeb Inc., SAP SE, Bolero International |
Market Dynamics:
Driver:
Automation in trade management system is driving the demand of trade management software market
Automation in trade management system is driving the demand of trade management software market
Trade management becomes vital need for companies for analyzing the data and operating legacy systems. Trade management is associated with screening export orders, and financial trades. Advancements in artificial intelligence (AI), machine learning (ML), and blockchain helps the companies to strengthen supply chain operations by improving transportation and finance management. Thus, development in automated trade management system is promoting the growth of trade management software market. For instance, ImportKey, an AI-based software, to offer identification of top products, buyer, and sellers by using import and export data.
Restraint:
Organizations relying on traditional trade operations is hampering the growth of trade management software market
Organizations relying on traditional trade operations is hampering the growth of trade management software market
Organizations are relying on traditional ways of trade operations including supply chain management, trade compliance, and transportation management. Adoption of software is restricted by companies owing to lack of skilled professionals to handle latest technologies. Thus, lack of expertise for advanced technologies has retrain the growth of trade management software market.
Trade Management Software Market Segmentation:
By Function
The function segment is classified into Custom management, Finance management, Trade compliance, Trade analytics, and Others.
Trade management segment holds major market share of trade management software market due to rising adoption of software for import/export management and trade agreement. Additionally, companies with complex supply chain are increasing the demand of trade management system for efficient business operation.
Custom management segment is projecting continuous growth in trade management software market due to reduced costs, and cross-border clearance. Integration of emerging technologies and changing custom needs for import/export management is driving the demand of custom management system.
By Deployment
The deployment segment is divided into Cloud and On-Premises.
Cloud segment accounted largest revenue share for trade management software market owing to rapid adoption of advanced technologies for business operations.
Cloud based trade management solution is expected to grow during forecast period due to advancement in technologies and rising investments by cloud providers. Cloud based software gives easy accessibility, flexible pricing model, robust scalability, and easy upgradation which helps to drive the market for cloud-based software.
By Organization size
The organization size segment is bifurcated into Large enterprise, and Small & Medium enterprise.
Large enterprise accounted largest revenue share in trade management market. Rising demand for efficient trade management, import/export management, compliance management, and financial management solutions is rising the demand of trade management software for large enterprises. Large enterprises rely on global trade regulations resulting to drive the demand of trade management software.
Small and medium enterprise is anticipating showcase significant growth during forecast period owing to rapid adoption of cost-effective cloud based solution for business management. Small and Medium enterprises are focusing on investments and fundings in advancement of technologies for expansion of business.
By End-User
The end-user segment is categorized into IT & Telecom, Transportation & Logistics, Healthcare, Automotive, Retail, and Others.
Retail segment captured major market share for trade management market due to rapid adoption of software for monitoring import/export services and supply chain. Additionally, trade management software is used to streamline business practices. For instance, Trade Promotion Master, an AI based prediction model, helps to improve and optimize strategic business plannings to streamline business operations.
Healthcare segment holds major market share for trade management software owing to growing demand of COVID-19 vaccines coupled with medical essentials and rising international trades for pharmaceutical companies. For instance, GE Healthcare shipped the products to 145 different locations by complex supply chain management system for which GE Healthcare has adopted E2open trade compliance platform to reduce the operational cost.
By Region
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
North America holds major share for trade management software market. Increasing trade activities and import/export volume is the demand of trade management software market. Additionally, presence of major market players including QAD Inc., Bamboo Rose, E2open LLC, and others, is rising the growth of trade management software market in North America region.
Asia Pacific region is showcasing fastest growth in trade management software market due to emerging logistic industries and rising adoption of latest technologies by developing countries such as China, India, Japan, and South Korea.
Trade Management Software Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global Trade Management Software Market. Key players in the market include-
• E2open
• Bamboo Rose LLC
• Livingston International Inc.
• Aptean Inc.
• QAD Inc.
• MIQ Logistics
• Oracle Corporation
• Shipsy
• QuestaWeb Inc.
• SAP SE
• Bolero International
Recent Developments:
• In March 2022, E2open acquired Logistyx Technologies, multi carrier shipping software, the acquisition aim to enhance global footprint of E2open for shipment management and to offer shipping capabilities for supply chain platform.
• In July 2020, QAD Precision announced the launch of QAD Precision 18.1, a next generation version of trade and shipping software. The software offers specialized tool for import activities and helps with complex trade regulations.
| Single User | : $3860 |
|---|---|
| Multi User | : $5460 |
| Corporate User | : $7460 |
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| Single User | : $3860 |
|---|---|
| Multi User | : $5460 |
| Corporate User | : $7460 |
Buy Now
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