Home > Media & Technology > Information Technology > IT Software > Trade Management Market

Trade Management Market Share

Report ID: GMI5526
Published Date: Mar 2023
Report Format: PDF

Download Free Sample

Trade Management Market Share

Prominent participants operating across the trade management market include :

Oracle, SAP
AEB
MIC Custom Solution
E2open
QAD
Thomson Reuters
Expeditors, and Descartes

These firms are primarily engaged in strategic investment in R&D for new technology & product, along with alliances and collaborations with consultancy firms. For instance, in January 2022, 4PL Consultancy, a UK-based logistics giant, introduced the updated harmonized system that aids in the uniform classification of goods and enables customs tariffs and duties across the world. This system was expected to facilitate international cross-border trade and reduce intercontinental trade expenses.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of trade management was recorded at more than USD 900 million in revenue in 2022 and is estimated to grow at over 5% CAGR from 2023 to 2032, propelled by increasing demand for supply chain visibility and transparency.

The consulting services segment is foreseen to depict over 5% CAGR through 2032, as a result of the emergence of virtual platforms to enable remote working and alternate avenues of resourcing.

The transportation end-use segment is anticipated to garner more than USD 400 million in revenue by the end of 2032, on account of intensifying popularity of e-commerce facilitating the expansion of world marketplaces.

The North America industry was valued at over USD 300 million in 2022, on account of the growing number of trading partners, compliance requirements, and regulations in the region.