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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.
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.
What is the market size of trade management?
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.
Why is the trade management industry share growing from the transportation sector?
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.
What is the projected growth rate for the consulting services segment?
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.
Which factors are aiding the trade management market expansion in North America?
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.