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
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
Key Players
E2open, Bamboo Rose LLC, Livingston International Inc., Aptean Inc., QAD Inc., MIQ Logistics, Oracle Corporation, Shipsy, QuestaWeb Inc., SAP SE, Bolero International
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.
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.
To request a TOC for this report , Please complete the form below
Research Methodology
The Reports Insights offers technology-driven solutions and its full integration in the research process to be skilled at every step. We use diverse assets to produce the best results for our clients. The success of a research project is completely reliant on the research process adopted by the company. Reports Insights assists its clients to recognize opportunities by examining the global market and offering economic insights. We are proud of our extensive coverage that encompasses the understanding of numerous major industry domains.
Reports Insights provide consistency in our research report, also we provide on the part of the analysis of forecast across a gamut of coverage geographies and coverage. The research teams carry out primary and secondary research to implement and design the data collection procedure. The research team then analyzes data about the latest trends and major issues in reference to each industry and country. This helps to determine the anticipated market-related procedures in the future. The company offers technology-driven solutions and its full incorporation in the research method to be skilled at each step.
The Company's Research Process Has the Following Advantages:
Information Procurement
The step comprises the procurement of market-related information or data via different methodologies & sources.
Information Investigation
This step comprises the mapping and investigation of all the information procured from the earlier step. It also includes the analysis of data differences observed across numerous data sources.
Highly Authentic Source
We offer highly authentic information from numerous sources. To fulfills the client’s requirement.
Market Formulation
This step entails the placement of data points at suitable market spaces in an effort to assume possible conclusions. Analyst viewpoint and subject matter specialist based examining the form of market sizing also plays an essential role in this step.
Validation & Publishing of Information
Validation is a significant step in the procedure. Validation via an intricately designed procedure assists us to conclude data-points to be used for final calculations.
The report is pretty good as a whole. Especially, the analysis on margin and manufacturing cost is challenging to investigate in general. The team of Reports Insights provided a proper explanation to this. It helped me understand the market well, which leads to our interest in the next marketing report from Reports Insights. I would like to thank the entire team for living up to my expectations in terms of quality & value.
I am completely satisfied with the information given in the report. Report Insights is a value driven company just like us.
Privacy requested , Managing Director
Reports Insights have understood our exact need and Delivered a solution for our requirements. Our experience with them has been fantastic.
Privacy requested, President
Report of Reports Insight has given us the ability to compete with our competitors, every dollar we spend with Reports Insights is worth every penny Reports Insights have given us a robust solution.
