Global Trade Management Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026

Report Code: ITR 28030 Report Format: PDF + Excel

Trade Management Market Overview

Trade Management Market Size is forecast to reach $1.5 billion by 2026, at a CAGR of 8.8% during 2021-2026. Trade management includes discovering a set-up, determining allocation size, planning and monitoring the entry and exits of the trade as it is computer applications and related services that aid an organization in centralizing and automating cross-border trade activities and operations. Increasing public and private investments in various logistics infrastructural projects, especially in emerging economies for import and export management, is providing a boost to the market growth where the trade management digitally implements a trade sequence that includes discovering a set-up, determining allocation size, planning and monitoring the entry and exits of the trade. The development of technologically advanced solutions which enhances improving supply chain agility, along with minimizing operational time and reducing distribution costs, is acting as another growth-inducing factor including the implementation of favorable government policies promoting international trade activities, along with extensive research and development (R&D).

Trade Management Market Report Coverage

The report: “Trade Management Market Report– Forecast (2021-2026)”, by Industry ARC covers an in-depth analysis of the following segments of the Trade Management Market

By Component: Solution (Trade Function, Import/Export Management, Vendor Management, Trade Compliance, Duty Management, Risk and Quality Management, Supply Chain Visibility, Trade Finance, Insurance Management, Invoice Management), Services (Consulting, Implementation, Support and Maintenance, Others)
By Deployment Type: Cloud, On-Premises.
By Organization Size: Small Enterprises, Large Enterprises.
By Industry Vertical: Transportation and Logistics, Energy and Utilities, Consumer Goods and Retail, Manufacturing, Aerospace and Defense, Healthcare and Life Sciences, Semiconductor and electronics, Government and public Sector, Others.
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa).

Key Takeaways

  • North America is one of the most significant regions for the Trade Management market, with technological advancements and growing change towards procuring or selling goods, there is creation of complexity as well as opportunity for the transportation and logistics companies.
  • Cloud based deployment is expected to witness a highest CAGR of 12.1% the forecast period, owing to increased adoption as it provides agile deployment, secure & storage management, low total cost ownership; utility based sharing models and high level computing.
  • Trade management market is strengthening their position through mergers & acquisitions and continuously investing in trade activities owing to the advanced technology of cloud computing services to flourish their businesses and leave their footprints in various countries.

Global Trade Management Market, By Region, 2020

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Trade Management Market Segment Analysis - By Deployment Type

Cloud deployment segment held significant market share of 32% in 2020, owing to the surge in adoption of cloud based deployment as it can provide comprehensive visibility and control over orders and shipments to extend cutting-edge trade practices. It seamlessly connects the entire supply chain both upstream and downstream by integrating the physical and financial supply chains due to which end users can significantly improve working capital and ensure a resilient supply chain. Many of the countries such as India, China, Brazil, Africa and others are saving their IT expenditures by adopting cloud computing services as they are on the verge of development and lack in financial resources, therefore, need cost efficient solutions due to which diversified applications of the cloud computing services, small as well as the large enterprises are shifting to high technologies including cloud computing services to flourish in the forecast period 2020-2026.

Trade Management Market Segment Analysis - By Industry Vertical

Aerospace is expected to witness a highest CAGR of 11.2% the forecast period as the aerospace sector is using trade management solutions widely to automate global trade processes and ensure seamless product delivery. In 2019, the increasing number of Boeing Projects for the increasing demand for aviation services in Asia Pacific region. The rise in airplane reliability requirements in recent years has been compelled by the Federal Aviation Administration (FAA), which boosts worldwide confidence in the safety of aircraft and aircraft parts produced in the U.S. This has led to increased adoption of trade management solution and services. Hence these factors are analyzed to drive the Trade Management Market Size in the forecast period 2021-2026.

Trade Management Market Segment Analysis - By Geography

North America region is dominating Trade Management Market growth. This region held significant market share of 35.5% in 2020. Increased adoption of cloud-based services in small and medium-sized organizations is attributed to propel the market along with the rising penetration of internet, e-commerce business, and digital working culture. According to the U.S. Small Business Administration, there are 31.7 billion small and medium-sized businesses in the country, many of whom use cloud based solutions to reduce costs and complexity involved in internal technological systems and thus enhances trade management. Cloud infrastructure spending in US has significantly risen in the past year to accelerate digital transformation and enhance the cross border trade activities. Growing technology-focused projects and rising IT budgets in enterprises are expected to boost the trade management market in the coming years in this region. The technological shift toward enhancing information portability, corporate standards, and norms are likely to focus more on data-centric solutions, driving the trade management market over the forecast period.

Trade Management Market Drivers

Surge in adoption of trade management solutions by the SMEs and LE:

Small and medium-sized enterprises (SMEs) have integrated enterprise software and solutions to regulate and monitor business processes, which are expected to generate revenue. Due to limited funding, start-ups and SMEs are unable to invest in significant infrastructure requirements and cutting-edge technologies. As a result, cloud-based services are preferred by the vast majority of SMEs. As digitalization affects the contours of organisations across industries, the concept of small and medium-sized business models is destined to take on many new connotations. Automation's penetration in enterprises of all sizes, large and small, is now the sole avenue that creates a level playing field for both large and small organisations. It is safe to conclude that in the coming years, the seamless deployment of SME trade management will be the core competency that differentiates businesses.

Surge in adoption of trade management software and services in global logistics infrastructures:

Transportation and Logistics sector is considered one of the prominent end-use industries conducting operations including supply chain management, warehouse management, inventory management, fleet management, contract management and so on. As these operations need to be performed with utmost accuracy, deploying a trade management solution can help in effectively communicate with customs authorities and trading partners, Centralize worldwide trade compliance, Streamline cross-border business processes, stay compliant by improving accuracy and mitigate financial risk related to customs fines, penalties, and storage fees. Adoption of trade management software in logistics industry have been gaining wide popularity overtime due to offering a user-friendly business application, which provides real time information required to make business transformation decisions as well as achieve greater customer satisfaction by addressing all the major glitches or challenges faced by logistic service providers.

Trade Management Market Challenges

Lack of capabilities to manage global trade management systems (GTM):

Due to increased globalization and advanced technologies aiding the cross-border sales global trade management market has witnessed a steady growth in the overall trade between different countries worldwide as result complexities has increased regarding the managing of overall process of global trade, such as tracking shipments, communicating between large network of customers and suppliers, and operating on tight margins due to the fluctuating global economic conditions. Few other challenges faced by organizations in the global trade are complexities such as different time zones, modes of transport, multiple languages, and currencies. Thus, organizations have been inclined to adopt efficient solutions and services, such as GTM systems.

Trade Management Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Trade management Market. Top players operative in Trade Management are Precision Software, SAP SE, Oracle, Livingston International, QustaWeb, Inc., Thomson Reuters, MIQ Logistics, Descartes, IntegrationPoint, Inc., Aptean among others.

Acquisitions/Product Launches

  • In January 2021, SAP and Delloite partnered to offers one-stop end-to-end global trade services businesses engaged in cross border trade.
  • In October 2019, Thomson Reuters signed an agreement to acquire IntegartionPoint expands its commitment to software and cloud-based offerings and provide GTM platform.

Relevant Report Titles:

Report Code: ITR 0186

Report Code: ITR 97930

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1. Trade Management Market Overview
    1.1 Definitions and Scope
2. Trade Management Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by end user
    2.3 Key trends segmented by geography
3. Trade Management –Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product Benchmarking
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 10 companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Trade Management Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Framework Overview
    4.2 New Business and Ease of Doing business index
    4.3 Case studies of successful ventures
    4.4 Customer Analysis – Top 10 companies
5. Trade Management Market– Startup Company Scenario (Premium)
    5.1 Investment Analysis
    5.2 Venture Capital Funding Scenario
6. Trade Management Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Trade Management Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle
    7.4 Suppliers and Distributors
8. Trade Management Market - By Component
    8.1 Solution
        8.1.1 Trade Function
        8.1.2 Import/Export Management
        8.1.3 Vendor Management
        8.1.4 Trade Compliance
        8.1.5 Duty management
        8.1.6 Risk and Quality Management
        8.1.7 Supply Chain Visibility
        8.1.8 Trade Finance
        8.1.9 Insurance Management
        8.1.10 Invoice Management
    8.2 Services
        8.2.1 Consulting
        8.2.2 Implementation
        8.2.3 Support and Maintenance
        8.2.4 Others
9. Trade Management Market - By Deployment Type
    9.1 Cloud
    9.2 On-Premises
10. Trade Management Market - By Organization Size
    10.1 Small and Medium Enterprises
    10.2 Large Enterprises
11. Trade Management Market - By Industry Verticals
    11.1 Transportation and Logistics
    11.2 Energy and Utilities
    11.3 Consumer goods and Retail
    11.4 Manufacturing
    11.5 Aerospace and Defense
    11.6 Healthcare and Life Sciences
    11.7 Semiconductor and Electronics
    11.8 Government and Public Sector
    11.9 Others
12. Trade Management Market- By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 South America
        12.2.1 Brazil
        12.2.2 Argentina
        12.2.3 Others
    12.3 Europe
        12.3.1 U.K
        12.3.2 Germany
        12.3.3 Italy
        12.3.4 France
        12.3.5 Spain
        12.3.6 Netherlands
        12.3.7 Others
    12.4 APAC
        12.4.1 China
        12.4.2 Japan
        12.4.3South Korea
        12.4.4 India
        12.4.5 Australia & New Zealand
        12.4.6 Others
    12.5 RoW
        12.5.1 Middle East
        12.5.2 Africa
13. Trade Management Market - Entropy
14. Trade Management Market - Industry Competition Landscape (Premium)
    14.1 Global Market Share
    14.2 Market Share by Region
    14.3 Market Share by Deployment
    14.4 Market Share by Organization Size
    14.5 Market Share by End User
15. Trade Management Market - Key Company List by Country Premium (Premium)
16. Trade Management Market Company Analysis
    16.1 Market Share, Company Revenue, Products, M&A, Developments
    16.2 Signal Sciences Corporations
    16.3 Coherent, Inc.
    16.4 Lightcomm Technology Co. Ltd.
    16.5 IntraAction Corporation
    16.6 AA Opto Electronics Ltd.
    16.7 AMS Technologies AG
    16.8 L3 Harris Technologies Inc.
    16.9 Hudson Robotics, Inc.
    16.10 Brimrose Corporation
    16.11 Gooch and Housego PLC 

LIST OF TABLES

LIST OF FIGURES

1.US Global Trade Management Market Revenue, 2019-2024 ($M)
2.Canada Global Trade Management Market Revenue, 2019-2024 ($M)
3.Mexico Global Trade Management Market Revenue, 2019-2024 ($M)
4.Brazil Global Trade Management Market Revenue, 2019-2024 ($M)
5.Argentina Global Trade Management Market Revenue, 2019-2024 ($M)
6.Peru Global Trade Management Market Revenue, 2019-2024 ($M)
7.Colombia Global Trade Management Market Revenue, 2019-2024 ($M)
8.Chile Global Trade Management Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Trade Management Market Revenue, 2019-2024 ($M)
10.UK Global Trade Management Market Revenue, 2019-2024 ($M)
11.Germany Global Trade Management Market Revenue, 2019-2024 ($M)
12.France Global Trade Management Market Revenue, 2019-2024 ($M)
13.Italy Global Trade Management Market Revenue, 2019-2024 ($M)
14.Spain Global Trade Management Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Trade Management Market Revenue, 2019-2024 ($M)
16.China Global Trade Management Market Revenue, 2019-2024 ($M)
17.India Global Trade Management Market Revenue, 2019-2024 ($M)
18.Japan Global Trade Management Market Revenue, 2019-2024 ($M)
19.South Korea Global Trade Management Market Revenue, 2019-2024 ($M)
20.South Africa Global Trade Management Market Revenue, 2019-2024 ($M)
21.North America Global Trade Management By Application
22.South America Global Trade Management By Application
23.Europe Global Trade Management By Application
24.APAC Global Trade Management By Application
25.MENA Global Trade Management By Application
26.MIC Customs Solutions, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.MIQ Logistics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Oracle Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Precision Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.SAP SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Thomson Reuters Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)