Home > Media and Technology > Information Technology > IT Software > trade management market
Get a free sample of Trade Management Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Trade Management Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Prominent participants operating across the trade management market include :
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.
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 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 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 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.