Trade Management Software Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

The global trade management software market was valued at US$ 734.73 Mn in 2020 and is anticipated to grow to US$ 1,457.03 Mn expanding at a CAGR of 8.1% during the forecast period from 2021 to 2029. 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 feature 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.

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

Based on 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 benefits offered by cloud technology such as lower costs, and high level of operational agility among others. For instance, in July 2020, 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; Asia Pacific Touted to Register Highest Growth during the Forecast Period

North America is the largest value contributing region and dominates the market and 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 2020. Thus driving the demand for trade management software in the region. North America is followed by Asia pacific. Asia Pacific region is set to register highest growth during the forecast period. This is due to the burgeoning trade activities in countries such as China, India and Japan. 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 as well as quantitative insights for each segment and sub-segment from 2019 to 2027, considering 2020 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2021 to 2027.

Key questions answered in this report

• Worldwide market value of the trade management software market in 2019 and 2020
• Estimated forecast and market projections up to 2027
• Which is largest regional market for trade management software?
• Which segment has highest penetration of trade management software solutions?
• Which are the key trends driving the global trade management software market growth?
• Who are the leading vendors in the trade management software market worldwide?
• What are the key strategies adopted by the leading trade management software vendors?

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