Global trade management (GTM) is a software that is used to streamline life cycle of trade activities in areas such as logistics and settlement. GTM helps to improve operating efficiencies and cash flows significantly. GTM is comprehensive and helps organizations to use the cross-functional and system-wide view of global trade.
Globalization in trade encourage numerous organizations to expand their business operations across multiple countries. As a result, companies involved in trading are trying to curb compliance penalties, improve process efficiency, and reduce complications associated with imports and exports. Trade management software offers a robust and scalable platform to address these complexities, due to which its adoption has been rising rapidly across various end-use industries over the past few years.
An important aspect of the market is rising concerns of companies regarding changing regulations, trade agreements, and their effect on supply chain of organizations. As a result, supply chain visibility and logistics management are considered some of the most significant characteristics of trade management software. Financial management is gaining prominence as a characteristic of the software and is anticipated to garner more attention in later years of the forecast period.
In 2019, the Americas held the largest share in the global GTM software market because of the high demand from the trading companies and the presence of several GTM software vendors in the region. North America is the key revenue generator in the region owing to rapidly changing global trade regulations, requirement for guidance to navigate global trade, and the need for visibility of the entire supply chain. Several organizations in the region are trying to be more customer-centric and are offering higher levels of service, which requires controlling the global trade market with improved technology. Owing to such conditions, vendors are developing innovative solutions to drive the market for GTM software in the Americas.
The report offers detailed coverage of Trade Management Software industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Trade Management Software by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Trade Management Software market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.
First, this report covers the present status and the future prospects of the global Trade Management Software market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Amber Road
PRECISION
Thomson Reuters
Integration Point
Aptean
Oracle
TechTarget
TradePerformance
MPSOFT
Dingjie
LZSOFT
Ruima
AUTOMIS
At the same time, we classify Trade Management Software according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Trade Management Software market for the forecast period 2020 - 2025?
• What are the driving forces in the Trade Management Software market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Trade Management Software industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?