Global trade management (GTM) is a software that is used to streamline life cycle of trade activities in areas such as logistics and settlement. GTM helps to improve operating efficiencies and cash flows significantly. GTM is comprehensive and helps organizations to use the cross-functional and system-wide view of global trade.
Globalization in trade encourage numerous organizations to expand their business operations across multiple countries. As a result, companies involved in trading are trying to curb compliance penalties, improve process efficiency, and reduce complications associated with imports and exports. Trade management software offers a robust and scalable platform to address these complexities, due to which its adoption has been rising rapidly across various end-use industries over the past few years.
An important aspect of the market is rising concerns of companies regarding changing regulations, trade agreements, and their effect on supply chain of organizations. As a result, supply chain visibility and logistics management are considered some of the most significant characteristics of trade management software. Financial management is gaining prominence as a characteristic of the software and is anticipated to garner more attention in later years of the forecast period.
In 2017, the Americas held the largest share in the global GTM software market because of the high demand from the trading companies and the presence of several GTM software vendors in the region. North America is the key revenue generator in the region owing to rapidly changing global trade regulations, requirement for guidance to navigate global trade, and the need for visibility of the entire supply chain. Several organizations in the region are trying to be more customer-centric and are offering higher levels of service, which requires controlling the global trade market with improved technology. Owing to such conditions, vendors are developing innovative solutions to drive the market for GTM software in the Americas.
In 2018, the global Trade Management Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Trade Management Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Trade Management Software development in United States, Europe and China.
The key players covered in this study
Market segment by Type, the product can be split into
Customs and Regulatory Compliance
Trade Financing and Financial Settlement
Ocean/Air Procurement and Contract Management
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Trade Management Software status, future forecast, growth opportunity, key market and key players.
To present the Trade Management Software development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Trade Management Software are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.