trade management software market size


trade management software market size By Component (Solutions, Services), Deployment (Cloud, On-Premise), Vertical(Transportation and Logistics, Government and Public, Consumer Goods and Retail,Energy Utilities) — Forecast till 2023

Trade Management Software market

Research Report By Forecast o 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023


Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


Trade Management Software market Forecast To 2023

Trade Management Software market Forecast To 2023

• The Trade Management Software market is expected to grow from USD 590.2 million in 2016, to USD 1352.9

million by 2023, with a CAGR of 11.5%. Trade Management Software market helps to streamline the processes

related to customs and regulatory compliance. These solutions play a crucial role in global supply chain, and helps

to facilitates the flow of information, money and goods.

• With increasing globalization there is a significant rise in the complexities in managing global trade. According to a

recent study by DHL, various online retailers have shown a radical sales growth of 10-15% by extending offers to

its international customers. The implementation of Trade Management Software market Size helps the retailers

to optimize the cost & risk and provide excellent experience to customers to both domestic and international.

• According to a MRFR study, the need to implement the trade management solutions has grown significantly, in

past few years. The deployment of solution like restricted party screening, trade compliance, customs

management and others help to enhance various business processes in both domestic and international trade.


Trade Management Software market Forecast To 2023

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• Verticals such as transportation and logistics, aerospace and defense, consumer goods and retail, healthcare and

life sciences, and manufacturing have contributed largely to the global trade management market. For instance,

companies such as GT Nexus provides SaaS based Trade Management Software market on subscription basis

which helps in optimizing the operating cost and provides a common platform for the service providers to connect

with users. The main advantage of these software helps to maintain a robust supply chain network among the

logistics partners.

• On the other hand, lack of awareness and organization resistant to implement new technologies are some of the

factors which may hamper this market.


Trade Management Software market Forecast To 2023

Regional Analysis

• The geographical analysis of the Trade Management Software market is studied for North America, Europe, Asia-

Pacific, and the rest of the world.

• North-America is dominating the Trade Management Software market during the forecast period ( 2018—2023)

due to the presence of major key players of this market such as Oracle Corporation, Aptean, Integration Point,

Inc., Precision Software, Thomson Reuters among others in this region. The other factors that are responsible for

the growth in the demand of Trade Management Software market is the presence of early technology adopters

and is a host to innovative technologies.

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Trade Management Software market Forecast To 2023

Application & Major Players in this Research:

Trade Management Software market Prominent Players:

Some of the key players of global trade mangement software market includes Amber Road Inc, Aptean Inc,

Integration Point Inc, Livingston International Inc, MIC Customs Solutions, MIQ Logistics, Oracle Corporation,

Precision Software, QuestaWeb Inc, SAP SE

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Trade Management Software market Forecast To 2023

Trade Management Software market Segmented on the basis of


• The Trade Management Software market is segmented into component, deployment, organization size, and


• By component, the market of Trade Management Software market is sub-segmented into solution and services.

• The solution is segmented into trade function, import/export management, vendor management, trade

compliance, duty management, supply chain visibility, invoice management, and others.

• The services are segmented into consulting, implementation, and support & maintenance.

• By deployment, the market is segmented into cloud, on-premise.

• By organization size, the market is segmented into large enterprise and small and medium enterprise.

• By vertical, the market is segmented into transportation and logistics, government and public, Healthcare and life

sciences, aerospace and defense, manufacturing, consumer goods and retail, energy utilities and others.




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