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Trade Management Software Market Report Scope & Overview:

Trade Management Software Market size was valued at USD 1.25 billion in 2022 and is expected to grow to USD 2.70 billion by 2030 and grow at a CAGR of 10.12% over the forecast period of 2023-2030.

Trade Management Software used in Organizations can handle trade-related activities like trade compliance, import/export management, custom filings, restricted party screening, free trade zones, and cross-border trade management with the aid of trade management software. It enables businesses to increase trade visibility, manage shipments and orders, and guarantee compliance with trade laws. In the market study, we took into account products provided by market participants such as Oracle Corporation's Oracle Global Trade Management, SAP SE's SAP Trade Management, and SAP Global Trade Services (GTS), among others. For managing international trade zones, free trade agreements, automated restricted party screening, and import and export compliance, Thomson Reuters also provides ONESOURCE Global Trade and QAD's QAD Precision software.

Trade Management Software Market Revenue Analysis

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Market Dynamics

Drivers

  • Among the important factors fueling market expansion are the rising need for the automation of trade management procedures and the growing requirement to cut organizational costs.

  • The market will grow as a result of increasing demand for automated trade management systems.

Systems for global trade management (GTM) aid in the automation and centralization of trade compliance activities. GTM technologies aid global trade compliance and customs experts in handling compliance responsibilities by improving existing business processes and data management.

The automation of customs management and global trade compliance procedures provides a great opportunity to improve accountability and achieve a competitive advantage. Businesses that do not use TM software spend a huge time manually performing that task, which slows down trade compliance and customs reporting in terms of accuracy and speed. Process management, qualification for free trade agreements, nation-specific import and export self-filing capabilities, and functionality for free and foreign trade zones are all included in the program.

Restrains

  • Organizations unwilling to accept new technologies or alter outdated systems

Organizations have depended extensively on pre-existing systems like Enterprise Resource Planning (ERP), Supply Chain Management (SCM), and transport management systems to run their trade operations. Organizations use manual processes and current management systems to oversee their trade activities. These factors are acknowledged as the key barriers to the widespread adoption of TM. Low bandwidth and limited finances of businesses to develop and operate new technologies, like TM, are other obstacles inhibiting its adoption. The lack of technology access for supply chain executives is one of the key obstacles to digital supply chain investment. The use of the cloud is lagging behind in the manufacturing and 3PL/warehouse and distribution sectors.

Opportunities

  • In emerging economies, consistently increasing investments in logistics infrastructure development are creating opportunities for the market.

Challenges

  • The trade management software market may face challenges due to the high costs and complexity of integrating advanced trade management solutions.

  • Changes in the rules and regulations of international trade.

Impact Of covid-19

During the Pandemic, international trade hampered industry growth.

Because of COVID-19 pandemic international trade has been hampered. To stop the coronavirus from spreading, governments in many different nations have put limitations on international travel and commerce. The supply chain and international trade have been disrupted by these limitations and social segregation policies.

Regardless of size, the COVID-19 pandemic expedited the digital transformation for organizations across all industries. Global trade, business, and employment are all expected to increase as a result of this faster digital transition.

For a brief time during the COVID-19 epidemic, market expansion was constrained. Nevertheless, during the time of the forecast, the market is anticipated to increase significantly.

Impact of Russia Ukraine War

The trade management software market has been affected by the war in several ways.  the conflict has led to the imposition of economic sanctions on Russia, which has resulted in a decline in trade between the two countries. This has had a ripple effect on the trade management software market, as businesses have reduced their trade operations with Russia, resulting in a decrease in demand for trade management software. the war has caused disruptions in the supply chain, making it difficult for businesses to import and export goods. This has resulted in a decrease in demand for trade management software, as businesses are unable to effectively manage their trade operations due to disruptions in the supply chain.

As a result, the Russia-Ukraine war has had a significant impact on the trade management software market. The decrease in demand for trade management software can be attributed to the economic sanctions imposed on Russia and the disruptions in the supply chain.

Impact of Recession

The global economy has been hit hard by the recent recession, the most significant impact of the recession on the trade management software market is the decrease in demand for these solutions. As businesses struggle to cut costs and reduce expenses, they are less likely to invest in new software solutions. This has led to a decline in sales for trade management software vendors, who are now facing increased competition and pricing pressures. Another impact of the recession on the trade management software market is the shift in customer priorities. With businesses focusing on survival and cost-cutting measures, they are less concerned with optimizing their trade operations. This has led to a decrease in demand for advanced trade management software solutions, which offer features such as real-time analytics and automation.

Key Market Segmentation:

The Trade Management Software Market is segmented into four types on the basis of By Component, By Deployment, By functionality, and By End-user.

By Component:       

  • Solution

  • Service

By Deployment:     

  • Cloud

  • On-premises

By Functionality:   

  • Trade Compliance

  • Custom Management

  • Finance Management

  • Trade Analytics

  • Others

By End-user:

  • Manufacturing

  • Energy & Utilities

  • Government & Public

  • Aerospace & Defense

  • Consumer Goods & Retail

  • Transportation & Logistics

  • Healthcare & Life Sciences

  • Others

Trade Management Software Market Segmentation Analysis

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Regional Analysis

Increased commercial activity, as well as large export and import quantities, have given North America a leading market position for trade management software. The United States is home to several important market participants, including E2open LLC, Descartes Systems Group, QAD Inc., Bamboo Rose, and Integration Point, as well as Oracle Corporation, which is attributed to market expansion.

Due to rising investment in a variety of industries, including manufacturing, healthcare and life sciences, aerospace and defense, and transportation and logistics, Asia Pacific is now recognized as a region with a booming economy. By growing their exports and investments in international trade, the Asia Pacific region's nations are the main drivers of growth. The developing nature of the Asia Pacific region accounts for the region's rising exports, which raise GDP. This would also raise living standards and help many individuals escape poverty.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of the Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Key Players:

The Major players in the Market are Thomson Reuters, E2open Parent Holdings, Inc., Amber Road, Inc., Livingston International, The Descartes Systems Group, Inc, Oracle Corporation, MIQ Logistics, LLC, SAP SE, Integration Point, Inc., Expeditors International of Washington, Inc., Bamboo Rose LLC, QAD Inc., and others in the final report.

E2open Parent Holdings Inc-Company Financial Analysis

Company Landscape Analysis

Recent development

E2open Parent Holdings, Inc. purchased Logistyx Technologies, a provider of e-commerce shipping software, in March 2022. E2open intends to increase its global reach for multi-carrier e-commerce shipment management by integrating shipping capabilities across its supply chain platform.

Trade Management Software Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 1.25 Bn
Market Size by 2030  US$ 2.70 Bn
CAGR   CAGR of 10.12 % From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Component (Solution, Service)
• By Deployment (Cloud, On-premises)
• By Functionality (Trade Compliance, Custom Management, Finance Management, Trade Analytics, Others)
• By End-user (Manufacturing, Energy & Utilities, Government & Public, Aerospace & Defense, Consumer Goods & Retail, Transportation & Logistics, Healthcare & Life Sciences, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Thomson Reuters, E2open Parent Holdings, Inc., Amber Road, Inc., Livingston International, The Descartes Systems Group, Inc, Oracle Corporation, MIQ Logistics, LLC, SAP SE, Integration Point, Inc., Expeditors International of Washington, Inc., Bamboo Rose LLC, QAD Inc.
Key Drivers • Among the important factors fueling market expansion are the rising need for the automation of trade management procedures and the growing requirement to cut organizational costs.
• The market will grow as a result of increasing demand for automated trade management systems.
Market Opportunities • In emerging economies, consistently increasing investments in logistics infrastructure development are creating opportunities for the market.

 

Frequently Asked Questions

The CAGR of the Trade Management Software Market for the forecast period 2022-2030 is 10.12 %.

The market is expected to grow to USD 2.70 billion by the forecast period of 2030.

The major worldwide key players in the Trade Management Software Market are Thomson Reuters, E2open Parent Holdings, Inc., Amber Road, Inc., Livingston International, The Descartes Systems Group, Inc, Oracle Corporation, MIQ Logistics, LLC, and others in the final report.

USD 1.25 billion in 2022 is the market share of the Trade Management Software Market.

The forecast period for the Trade Management Software Market is 2022-2030.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Russia-Ukraine War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Trade Management Software Market Segmentation, By Component
8.1 Solution
8.2 Service

9. Trade Management Software Market Segmentation, By Deployment
9.1 Cloud
9.2 On-premises

10. Trade Management Software Market Segmentation, By Functionality
10.1 Trade Compliance
10.2 Custom Management
10.3 Finance Management
10.4 Trade Analytics
10.5 Others

11. Trade Management Software Market Segmentation, By End-user
11.1 Manufacturing
11.2 Energy & Utilities
11.3 Government & Public
11.4 Aerospace & Defense
11.5 Consumer Goods & Retail
11.6 Transportation & Logistics
11.7 Healthcare & Life Sciences
11.8 Others

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Trade Management Software Market by Country
12.2.2 North America Trade Management Software Market By Component
12.2.3 North America Trade Management Software Market By Deployment
12.2.4 North America Trade Management Software Market By Functionality
12.2.5 North America Trade Management Software Market By End-user
12.2.6 USA
12.2.6.1 USA Trade Management Software Market By Component
12.2.6.2 USA Trade Management Software Market By Deployment
12.2.6.3 USA Trade Management Software Market By Functionality
12.2.6.4 USA Trade Management Software Market By End-user
12.2.7 Canada
12.2.7.1 Canada Trade Management Software Market By Component
12.2.7.2 Canada Trade Management Software Market By Deployment
12.2.7.3 Canada Trade Management Software Market By Functionality
12.2.7.4 Canada Trade Management Software Market By End-user
12.2.8 Mexico
12.2.8.1 Mexico Trade Management Software Market By Component
12.2.8.2 Mexico Trade Management Software Market By Deployment
12.2.8.3 Mexico Trade Management Software Market By Functionality
12.2.8.4 Mexico Trade Management Software Market By End-user
12.3 Europe
12.3.1 Europe Trade Management Software Market by Country
12.3.2 Europe Trade Management Software Market By Component
12.3.3 Europe Trade Management Software Market By Deployment
12.3.4 Europe Trade Management Software Market By Functionality
12.3.5 Europe Trade Management Software Market By End-user
12.3.6 Germany
12.3.6.1 Germany Trade Management Software Market By Component
12.3.6.2 Germany Trade Management Software Market By Deployment
12.3.6.3 Germany Trade Management Software Market By Functionality
12.3.6.4 Germany Trade Management Software Market By End-user
12.3.7 UK
12.3.7.1 UK Trade Management Software Market By Component
12.3.7.2 UK Trade Management Software Market By Deployment
12.3.7.3 UK Trade Management Software Market By Functionality
12.3.7.4 UK Trade Management Software Market By End-user
12.3.8 France
12.3.8.1 France Trade Management Software Market By Component
12.3.8.2 France Trade Management Software Market By Deployment
12.3.8.3 France Trade Management Software Market By Functionality
12.3.8.4 France Trade Management Software Market By End-user
12.3.9 Italy
12.3.9.1 Italy Trade Management Software Market By Component
12.3.9.2 Italy Trade Management Software Market By Deployment
12.3.9.3 Italy Trade Management Software Market By Functionality
12.3.9.4 Italy Trade Management Software Market By End-user
12.3.10 Spain
12.3.10.1 Spain Trade Management Software Market By Component
12.3.10.2 Spain Trade Management Software Market By Deployment
12.3.10.3 Spain Trade Management Software Market By Functionality
12.3.10.4 Spain Trade Management Software Market By End-user
12.3.11 The Netherlands
12.3.11.1 Netherlands Trade Management Software Market By Component
12.3.11.2 Netherlands Trade Management Software Market By Deployment
12.3.11.3 Netherlands Trade Management Software Market By Functionality
12.3.11.4 Netherlands Trade Management Software Market By End-user
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Trade Management Software Market By Component
12.3.12.2 Rest of Europe Trade Management Software Market By Deployment
12.3.12.3 Rest of Europe Trade Management Software Market By Functionality
12.3.12.4 Rest of Europe Trade Management Software Market By End-user
12.4 Asia-Pacific
12.4.1 Asia Pacific Trade Management Software Market by Country
12.4.2 Asia Pacific Trade Management Software Market By Component
12.4.3 Asia Pacific Trade Management Software Market By Deployment
12.4.4Asia Pacific Trade Management Software Market By Functionality
12.4.5Asia Pacific Trade Management Software Market By End-user
12.4.6 Japan
12.4.6.1 Japan Trade Management Software Market By Component
12.4.6.2 Japan Trade Management Software Market By Deployment
12.4.6.3 Japan Trade Management Software Market By Functionality
12.4.6.4 Japan Trade Management Software Market By End-user
12.4.7 South Korea
12.4.7.1 South Korea Trade Management Software Market By Component
12.4.7.2 South Korea Trade Management Software Market By Deployment
12.4.7.3 South Korea Trade Management Software Market By Functionality
12.4.7.4 South Korea Trade Management Software Market By End-user
12.4.8 China
12.4.8.1 China Trade Management Software Market By Component
12.4.8.2 China Trade Management Software Market By Deployment
12.4.8.3 China Trade Management Software Market By Functionality
12.4.8.4 China Trade Management Software Market By End-user
12.4.9 India
12.4.9.1 India Trade Management Software Market By Component
12.4.9.2 India Trade Management Software Market By Deployment
12.4.9.3 India Trade Management Software Market By Functionality
12.4.9.4 India Trade Management Software Market By End-user
12.4.11 Australia
12.4.10.1 Australia Trade Management Software Market By Component
12.4.10.2 Australia Trade Management Software Market By Deployment
12.4.10.3 Australia Trade Management Software Market By Functionality
12.4.10.4 Australia Trade Management Software Market By End-user
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Trade Management Software Market By Component
12.4.11.2 APAC Trade Management Software Market By Deployment
12.4.11.3 APAC Trade Management Software Market By Functionality
12.4.11.4 APAC Trade Management Software Market By End-user
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Trade Management Software Market by Country
12.5.2 The Middle East & Africa Trade Management Software Market By Component
12.5.3 The Middle East & Africa Trade Management Software Market By Deployment
12.5.4The Middle East & Africa Trade Management Software Market By Functionality
12.5.5 The Middle East & Africa Trade Management Software Market By End-user
12.5.6 Israel
12.5.6.1 Israel Trade Management Software Market By Component
12.5.6.2 Israel Trade Management Software Market By Deployment
12.5.6.3 Israel Trade Management Software Market By Functionality
12.5.6.4 Israel Trade Management Software Market By End-user
12.5.7 UAE
12.5.7.1 UAE Trade Management Software Market By Component
12.5.7.2 UAE Trade Management Software Market By Deployment
12.5.7.3 UAE Trade Management Software Market By Functionality
12.5.7.4 UAE Trade Management Software Market By End-user
12.5.8South Africa
12.5.8.1 South Africa Trade Management Software Market By Component
12.5.8.2 South Africa Trade Management Software Market By Deployment
12.5.8.3 South Africa Trade Management Software Market By Functionality
12.5.8.4 South Africa Trade Management Software Market By End-user
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Trade Management Software Market By Component
12.5.9.2 Rest of Middle East & Asia Trade Management Software Market By Deployment
12.5.9.3 Rest of Middle East & Asia Trade Management Software Market By Functionality
12.5.9.4 Rest of Middle East & Asia Trade Management Software Market By End-user
12.6 Latin America
12.6.1 Latin America Trade Management Software Market by Country
12.6.2 Latin America Trade Management Software Market By Component
12.6.3 Latin America Trade Management Software Market By Deployment
12.6.4 Latin America Trade Management Software Market By Functionality
12.6.5 Latin America Trade Management Software Market By End-user
12.6.6 Brazil
12.6.6.1 Brazil Trade Management Software Market By Component
12.6.6.2 Brazil Africa Trade Management Software Market By Deployment
12.6.6.3 Brazil Trade Management Software Market By Functionality
12.6.6.4 Brazil Trade Management Software Market By End-user
12.6.7 Argentina
12.6.7.1 Argentina Trade Management Software Market By Component
12.6.7.2 Argentina Trade Management Software Market By Deployment
12.6.7.3 Argentina Trade Management Software Market By Functionality
12.6.7.4 Argentina Trade Management Software Market By End-user
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Trade Management Software Market By Component
12.6.8.2 Rest of Latin America Trade Management Software Market By Deployment
12.6.8.3 Rest of Latin America Trade Management Software Market By Functionality
12.6.8.4Rest of Latin America Trade Management Software Market By End-user

13. Company Profile
13.1 Thomson Reuters
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 E2open Parent Holdings, Inc.
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Amber Road, Inc.
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Livingston International.
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 The Descartes Systems Group, Inc.
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Oracle Corporation.
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 MIQ Logistics, LLC.
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 SAP SE.
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Integration Point, Inc.
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Expeditors International of Washington, Inc.
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments

15. USE Cases and Best Practices

16. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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