Global Trade Management Software Market Research Report, By Component (Solutions, Services), Deployment (Cloud, On-Premise), Vertical (Transportation and Logistics, Government and Public, Consumer Goods and Retail, Energy Utilities) — Forecast till 2023

1. Trade Management Software Market Forecast 2023
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Trade Management Software
Market Report-Forecast 2023

2. Trade Management Software Market Forecast 2023
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Summary
The global trade management software market is anticipated to surpass a valuation of
USD 1352.9 million, attaining a CAGR of 11.5% during the forecast period (2018-
2023), Market Research Future (MRFR) unveils in the latest report. Trade
management software is a typical software, which automates and streamlines the
process of trade across regulatory compliance, customs, trade financing, and logistics.

4. Trade Management Software Market Forecast 2023
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Major Key Players:
The key players operating in the global trade management software market includes
Aptean Inc, Amber Road Inc, Livingston International Inc, Integration Point Inc, MIQ
Logistics, MIC Customs Solutions, Precision Software, Oracle Corporation, SAP SE, and
QuestaWeb Inc.

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Segmentation:
The global Trade Management Software Market is segmented on the basis of
deployment, component, vertical, and organization size.
By component, the trade management software market is segmented into solution and
services. Of these, the solutions segment enjoys the dominant position globally as the
segment forms the basis of offerings for its vendors.
By deployment, the trade management software market is segmented into cloud and
on-premise. Of these, the on-premise segment will gain prominence as maximum
organizations use legacy systems to handle their business procedures. Concerns
associated with integrity and data security also play an integral role in the adoption of
on-premise solutions.
By organization size, the trade management software market is segmented into large
enterprise and small and medium enterprise. Among these, the SMEs segment is likely
to garner the highest CAGR in the foreseeable future. SMEs have been dependent on
spreadsheets and manual records to maintain their trade processes. This was mainly
due to budget constraints and lack of awareness. Considering the cost benefits offered
by the cloud, trade management solutions and services will find growth opportunities
in the SMEs segment.

6. Trade Management Software Market Forecast 2023
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Regional Analysis:
Geographically, the trade management software market spans across Europe, Asia
Pacific, North America, and Rest of the World (RoW).
Considering the global scenario, North America will dominate the global trade
management software market owing to the existence of industry bigshots such as
Aptean, Oracle Corporation, Precision Software, Integration Point, Inc., and Thomson
Reuters. The region is an early adopter of advanced technologies and is host to
innovative technologies. This further boosts the growth of the market in the region.
The Asia Pacific will garner the highest CAGR in the foreseeable future as cloud-based
technologies are extensively implemented across verticals in the regions. The surging
adoption of digital technologies in economies like India and China is considered to
propel the market growth in the coming years. The burgeoning trade in Japan, India,
and China will further provide a tremendous boost to the regional market. Moreover,
increasing concerns associated with automated inventory tracking, reporting, and
filing with security programs and risk assessment are encouraging the adoption of
trade management software in the APAC.