The trade management is a process of managing the trade in such a way that maximizes the profit and reduces the risk of the suppliers and the buyers involved in the trade process.
Global Trade Management Market, By Geography, Component (Solutions and Services), Deployment Type (On-Premises, Cloud), Organization Size (SMEs, Large Enterprises), Vertical (Transportation & Logistics, Aerospace & Defense, Consumer Goods & Retail, Healthcare & Life Sciences) – Industry Trends and Forecast to 2024
Industry Growth Rate:
The Global Trade Management Market accounted for USD 646.6 million in 2016 growing at a CAGR of 9.6% during the forecast period of 2017 to 2024.
This report consists of below pages:
- No of pages: 350
- No of Figures: 60
- No of Tables: 220
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The companies profiled in the report include:
- Amber Road Inc.
- Integration Point, Inc.
- Livingston International, MIC
- Precision Software
- MIQ Logistics
- SAP SE
- Thomson Reuters Corporation
- OCR Services, Inc. among others.
The trade management is a process of managing the trade in such a way that maximizes the profit and reduces the risk of the suppliers and the buyers involved in the trade process. The trade management helps in automating the processes related to customs, regulatory compliance, global logistics and trade financing which helps in managing the global trade efficiently.
The globalization is making supply chain complex thus requirement of trade management is must.
The growing cross border sales, increasing investments in the logistics are driving the growth of this market.
Major Market Drivers & Restraints:
- Growing Cross Border Sales
- Increasing Investments in the Logistics
- Government Rules and Regulations
- Risks for Regulatory Fines by Government Entities
- Better Trade Compliance
The global trade management market is segmented on the basis of component into solutions and services.
On the basis of deployment type, the global trade management market is segmented into on-premises and cloud.
By organization size, the global trade management market is segmented into small & medium enterprises (SMEs), and large enterprises.
On the basis of vertical, the trade management market is segmented into transportation & logistics, aerospace & defense, consumer goods & retail, and healthcare & life sciences.
On the basis of geography, global trade management market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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Company Share Analysis:
The report for global trade management market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.
The report also measures technology life line curve and market time line to analyze and do more affective investments.
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