The global trade management software market was valued at US$ 794.24 Mn in 2021 and is anticipated to grow to US$ 1,575.04 Mn expanding at a CAGR of 8.1% during the forecast period from 2023 to 2030. 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 study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Trade Management Software market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Trade Management Software market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Trade Management Software market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Trade Management Software market?
• Which is the largest regional market for Trade Management Software market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Trade Management Software market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Trade Management Software market worldwide?