Trade Management Software Market by Deployment and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40965
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The trade management software market size will grow by USD 679.70 million during 2020-2024. The market’s growth momentum will accelerate throughout the forecast period. 

This trade management software market research report provides a detailed analysis of the market by deployment (cloud-based and on-premise) and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Aptean Group of Companies, BAMBOO ROSE LLC, E2open LLC, Livingston International Inc., Oracle Corp., QAD Inc., QuestaWeb Inc., SAP SE, The Descartes Systems Group Inc., and Thomson Reuters Corp.

Statistical Analysis of Trade Management Software Market

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Market Competitive Analysis

Trade management software market is fragmented. Vendors are opting for inorganic growth strategies such as mergers and acquisitions and other strategic partnerships to expand their geographic reach and gain access to technologies. QAD Inc., QuestaWeb Inc., SAP SE, The Descartes Systems Group Inc., and Thomson Reuters Corp. are some of the major market participants. According to the trade management software market report, the growing need for improved supply chain efficiency will offer immense growth opportunities, the uncertainty in the global trade market will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this trade management software market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this report also includes information on the upcoming trade management software market trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This trade management software market analysis report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Aptean Group of Companies
  • BAMBOO ROSE LLC
  • E2open LLC
  • Livingston International Inc.
  • Oracle Corp.
  • QAD Inc.
  • QuestaWeb Inc.
  • SAP SE
  • The Descartes Systems Group Inc.
  • Thomson Reuters Corp.

Trade Management Software Market: Segmentation by Region

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North America was the largest trade management software market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing need for effective global trade compliance, the presence of significant trade management players, and efficient management of the supply chain due to an uncertain trade environment will significantly influence trade management software market growth in this region.

Over 39% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for trade management software in North America. Market growth in this region will be slower than the growth of the market in APAC.

Trade Management Software Market: Segmentation by Deployment

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Enterprises that focus on reducing IT infrastructure costs, while improving the flexibility and the efficiency of supply chain operations, primarily deploy the cloud-based model of trade management software. Cloud-based software is popular owing to scalability and ability to control quality, manage all assets centrally, and streamline the workflow. Moreover, it can be deployed quickly and requires a minimum investment.

Trade management software market share growth by the cloud-based segment will be faster than the growth of the market by the on-premise segment. This report provides an accurate prediction of the contribution of all the trade management software market segmentation.

Trade Management Software Market Dynamics

The need for supply chain visibility and optimization is increasing owing to factors such as extended delivery timelines, differences in lead time, and rising global shipment costs. This has created a demand for global trade management (GTM) software that eases the exchange of inventory and end-product information between warehouses and production departments.

Trade management software enables optimum resource utilization and cost minimization by providing better visibility across transportation chains, which allows better route planning and effective load optimization. Moreover, the replacement of manual functions with digital ones by the GTM software helps in saving time, money, and labor.

GTM software vendors are integrating predictive analytics tools to enhance the supply-demand cycle and communication between transportation carriers. Capacity management is also being incorporated into trade management software to improve the process of supply chain management in enterprises. Enterprises can also analyze the effect of switching between suppliers from different countries on the cost of goods sold by using the ‘what-if’ analysis tool provided in some GTM platforms. Thus, the growing need for improved supply chain efficiency is identified as a significant factor that will drive growth of trade management software market size at a CAGR of over 10% during the forecast period.

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Key Highlights of the Trade Management Software Market Report for 020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive trade management software market growth during the next five years
  • Precise estimation of the trade management software market size and its contribution to the parent market
  • Trade management software market facts & figures and accurate predictions on upcoming trends and changes in consumer behavior
  • Estimation of potential opportunity for trade management software market by deployment and geography
  • Identification of key countries across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of trade management software vendors 

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Deployment

  • Market segments
  • Comparison by Deployment placement
  • Cloud-based - Market size and forecast 2019-2024
  • On-premise - Market size and forecast 2019-2024
  • Market opportunity by Deployment

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Aptean Group of Companies
  • BAMBOO ROSE LLC
  • E2open LLC
  • Livingston International Inc.
  • Oracle Corp.
  • QAD Inc.
  • QuestaWeb Inc.
  • SAP SE
  • The Descartes Systems Group Inc.
  • Thomson Reuters Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The trade management software market growth will increase by $679.70 million during 2019-2024.
The trade management software market is expected to grow at a CAGR of 10.07% during 2019-2024.
Technavio has segmented the trade management software market by deployment (Cloud-based and On-premise) and geographic (North America, Europe, APAC, South America, and MEA).
Aptean Group of Companies, BAMBOO ROSE LLC, E2open LLC, Livingston International Inc. , Oracle Corp., QAD Inc., QuestaWeb Inc. , SAP SE, The Descartes Systems Group Inc., Thomson Reuters Corp. are a few of the key vendors in the trade management software market.
North America will register the highest growth rate of 39.32% among the other regions. Therefore, the trade management software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the trade management software market growth are:
  • Growing need for improved supply chain efficiency
  • Incremental functionality improvements in GTM software
The trade management software market vendors should focus on grabbing business opportunities from the cloud-based segment as it accounted for the largest market share in the base year.
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