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Trade Management Market Size

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

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Trade Management Market Size

Trade Management Market size valued at USD 900 million in 2022 and is slated to progress at over 5% CAGR between 2023 and 2032. Driven by increasing demand for supply chain visibility and transparency.

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The growing complexity of global trade regulations and compliance requirements is fueling the market growth. The burgeoning trade laws and transportation rules such as regulations, sanctions, and prohibited parties, as well as the escalating complexity has made global trade compliance difficult, which is speculated to accelerate the market value. For instance, in January 2022, DASH Financial Technologies, a capital markets technology provider, unveiled DASH OMS (Order Management Systems) to aid traders working with options-centric workflows with the performance, functionality, and ease of use for the options industry.

Trade Management Market Report Attributes
Report Attribute	Details
Base Year:	2022
Trade Management Market Size in 2022:	USD 900 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5%
2032 Value Projection:	USD 2 billion
Historical Data for:	2018 to 2022
No. of Pages:	250
Tables, Charts & Figures:	349
Segments covered:	Component, Deployment Mode, Organization Size, End-Use, and Region
Growth Drivers:	The growing complexity of global trade regulations and compliance requirements The rise of e-commerce and cross-border trade, creating a need for faster and more efficient trade management solutions Increasing demand for supply chain visibility and transparency The need for automation and streamlining of trade processes
Pitfalls & Challenges:	Integration with legacy systems Security and privacy concerns

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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.