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Global Trade Management Software Markets to 2023 - Globalization and Economic Growth Driving International Trade

/EIN News/ -- Dublin, Jan. 13, 2020 (GLOBE NEWSWIRE) -- The "Trade Management Software Market By Solutions (Trade Function, Trade Compliance, Trade Finance, and Supply Chain Visibility) Services (Consulting, Implementation, and Support & Maintenance) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

According to the report, the global trade management software market will grow at a CAGR of nearly 12% during the forecast period 2019-2025.

The aim of this report is to define, analyze, and forecast the global trade management software market based on segments, which include deployment, offering, mode of trade, solutions, and region.

In addition, trade management software market report helps venture capitalists in understanding the companies better and make well-informed decisions and is primarily designed to provide the company's executives with strategically substantial competitor information, data analysis, and insights about the market, development, and implementation of an effective marketing plan

  • The report comprises an analysis of vendors profile, which includes financial status, business units, key business priorities, SWOT, business strategies, and views.
  • The report covers the competitive landscape, which includes M&A, joint ventures & collaborations, and competitor comparison analysis.
  • In the vendor profile section for companies that are privately held, the financial information and revenue of segments will be limited.

The volume of international trade has been growing due to globalization and transportation and logistics companies are facing issues related to streamlining the business process and operation costs associated with growing trade operations. Financial year 2017 and 2018 has witnessed substantial trade operations worldwide despite issues regarding Brexit and the trade war between US and China.

Some of the major factors which will affect the global trade management software market positively are as follows:

  • Increased sourcing from locations with cheap labor including China and India driving the trade activities and the demand for global trade management software.
  • Increasing cross border security standards driving the demand for global trade management software.
  • Compliance with the growing number of free trade agreements among several countries requires automation through a trade management software.

Based on the geography, the market is split into North America, Europe, APAC, and RoW. RoW includes Middle East, South America, and Africa. North America is the leading revenue generator in the global trade management software market with a major share of the market contributed by the US. APAC is one of the fastest growing market in the global trade management software market with major growth being witnessed in China, Japan, South Korea, India, and Australia.

Based on deployment, global trade management software market is segmented into cloud-based and on-premise deployment. Most of the end-users of global trade management software need customized solutions and rely on on-premise deployment due to security concerns.

End-users of global trade management solutions are concerned about the inadequate security related to cloud deployment. This perception has held back the cloud-based deployment of the trade management software by most of the organizations. End-users expect high performing and automated processes with a well-defined security layer.

Companies with budget restraints are much more concerned about security than large enterprises as they mostly go for cloud options. However, cloud-based deployments are expected to grow considerably during the forecast period since cloud-based deployment helps in reducing infrastructure maintenance costs and provides better visibility for business processes.

Based on offering, global trade management software market is segmented into subscription and services. Subscription includes revenue generated from the sale of software subscriptions and services include professional service (implementation/deployment, maintenance and support, consulting, and training) revenue.

One of the major factors hampering the adoption of global trade management software is the reluctance of many companies to adopt these solutions mainly due to concerns regarding the integration of trade management software with existing software and systems. End-users often prefer a plug-and-play solution to ease the integration process of trade management software with the ERP software present in the system.

Global trade management software market is primarily dominated by major companies including Oracle, SAP, Infor, E2open, and Integration Point as major players. Other prominent vendors in the market include Avolin, Bamboo Rose, AEB, Descartes Systems Group, QAD Precision, and QuestaWeb.

In the forecast period, the global trade management software market is expected to witness consolidation with many major ERP vendors entering in the market. For instance, E2open acquired Amber Road, which is one of the major trade management software providers in May 2019. Major ERP software vendors will pose a major threat to small core trade management software vendors in the market.

Key Topics Covered

1 Executive Summary

2 Industry Outlook
2.1 Industry Snapshot
2.1.1 Industry Trends

3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
3.2.1 PEST Analysis
3.2.2 Porter's Five Force Analysis
3.3 Related Markets

4 Market Characteristics
4.1 Market Ecosystem
4.2 Market Segmentation
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Globalization and Economic Growth Driving International Trade
4.3.2 Restraints
4.3.2.2 Reluctance Among Some End-users in Adopting Trade Management Software
4.3.3 Opportunities
4.3.3.1 Growing Number of New Trade Routes
4.3.4 DRO - Impact Analysis

5 Global Trade Management Software Market, By Deployment
5.1 Overview
5.2 Cloud-based
5.3 On-Premise

6 Global Trade Management Software Market, By Mode of Trade
6.1 Overview
6.2 Online
6.3 Physical
6.3.1 Road and Rail Based
6.3.2 Air Based
6.3.3 Water Based

7 Global Trade Management Software Viewers, By Solutions
7.1 Overview
7.2 Trade Compliance
7.3 Import and Export Management
7.4 Customs Management
7.5 Others

8 Global Trade Management Software Market, By Offering
8.1 Overview
8.2 Subscription
8.3 Services

9 Global Trade Management Software Market, By Region
9.1 Overview
9.2 APAC
9.3 North America
9.4 Europe
9.5 RoW

10 Competitive Landscape
10.1 Competitor Analysis
10.2 Product/Offerings
10.3 Market Developments
10.3.1 Mergers & Acquisitions (M&A)
10.3.2 Expansions
10.3.3 Business Restructuring

11 Vendor Profiles
11.1 Oracle
11.1.1 Analyst Opinion
11.1.2 Business Analysis
11.2 SAP
11.3 Infor
11.4 Integration Point
11.5 E2open
11.6 Avolin
11.7 Bamboo Rose
11.8 AEB
11.9 Descartes Systems Group
11.10 QAD Precision
11.11 QuestaWeb
11.12 CustomsNow
11.13 GTKonnect
11.14 Expeditors International of Washington

For more information about this report visit https://www.researchandmarkets.com/r/i8lnd3

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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