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Trade Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends, Forecast 2016 - 2024

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Global Trade Management (GTM) is the process of rearranging the entire lifecycle of global trade across different verticals of business including order, logistics, and settlement activities. Global Trade Management ameliorates operating competences as well as cash flows considerably. The inclusive nature of GTM is an advantage for organizations that look forward to implement the system-wide and cross-functional view of global trade. 

Owing to the rise in national as well as international trade and rise in fuel cost, the overall cost of global transportation and logistics is increasing. This has driven several trading organizations to put GTM solutions into practice that will eventually help them to lessen their operative costs and enhance their working proficiency. GTM solutions bring down the transportation charges by almost 4%-10%. Moreover, it helps corporations to maintain links between transportation modules, enabling economical and quicker deliveries. GTM software helps in transportation design and tracking, and improves fleet management. Additionally, GTM software enhances transportation business intelligence, billing and claims, workflow management, document management, and customs management. GTM software offers real-time visibility of customs clearance status, shipments in transit, and helps in better cost control. These factors are likely to drive the overall GTM software market in the forecast period.

One of the major challenges of the market is that GTM crosses various horizontals within organizations; hence, many organizations suffer from poor performance while implementing GTM in their global operations. Usually, it takes years before an organization can fully realize the potential of a GTM solution and reap benefits from it. However, GTM software improves inventory levels forecast, and supply chain performance. As organizations around the world are opting for automation due to the increase in the transportation business, these advantages that the GTM software offers are likely to act as opportunities for the market over the forecast period.

The global market for GTM software market can be segmented on the basis of end user and region.  According to end user, the market can be trifurcated into retail and consumer goods sector, transportation and logistics services, and manufacturing sector. 

The retail and consumer goods sector held a significant share of the market owing to the fact that the sector adopted GTM software very early in the GTM solutions’ lifecycle.  Many global retail chains and FMCG companies such as Kroger and Wal-Mart among others adopted GTM software solutions to enhance their supply chain efficiencies, as well as lessen cash-to-cash cycles and delivery costs.  

On the basis of region, the global trade management software market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America constituted the largest share in the global GTM software market. This is due to the presence of large retail chains, manufacturers, and trading companies. Additionally, adoption rate of GTM software is much higher in this region when compared to other parts of the world. Many companies are focusing on increasing efficiency and be more customer-centric, due to which the GTM software market is experiencing high demand from this market.

The leading companies offering GTM service unceasingly innovate their service offerings. There is limited service differentiation in the market. GTM software providers capitalize on the expansion of explicit and tailored solutions to reinforce their position in the global market. Major players such as Amber Road and Oracle provide unique features such as automated restricted party screening, order collaboration, and supply chain analytics. 

The key players operating in the global GTM software market are Integration Point, Amber Road, QuestaWeb, Descartes, Aptean, SAP, Infor, Oracle, and Precision Software. Other companies in the market include MIC Custom Solutions, CargoWise, TradeStone Software, Kewill Technologies, and MercuryGate, among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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