Industry Background:
Trade management software is used to manage global trade operations. Most of the time, importers and exporters tend to use trade management software for improving collaboration with trade partners. It automates trade operations around the world offering effectiveness and efficiency in importing and exporting activities. The software improves the collaboration with the trade partners and manages the trade operation helping in custom/regulatory compliances, trade financings, order management, inventory management, and others. trade management software integrates with ERP solutions, supply chain suites, EDI software, and other tools. Increasing demand for automation in trade operations impacting on the demand for software in a positive manner.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Oracle (United States), QAD Precision (United States), Integration Point, Inc. (United States), Amber Road, Inc (E2open) (United States), SAP Global Trade Services (Germany), Bamboo Rose LLC (United States), Infor Nexus (United States), Trademo Intel (United States), Aptean (United States) and BluJay Solutions (United States) |
This growth is primarily driven by Increasing Need for the Coordination and Sync in Global Logistics and Smoother Importing and Exporting Operations and Demand for the Automation in Trade Operations for Efficiency and Effectiveness.
Globally, a noticeable market trend is evident Integration of ERP Tools with Trade Management Software for Overall Management Major Players, such as Oracle (United States), QAD Precision (United States), Integration Point, Inc. (United States), Amber Road, Inc (E2open) (United States), SAP Global Trade Services (Germany), Bamboo Rose LLC (United States), Infor Nexus (United States), Trademo Intel (United States), Aptean (United States) and BluJay Solutions (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 27th May 2021, E2open acquired rival supply chain management software provider BluJay Solutions in a Dollar 1.7 billion deal that is one of the biggest ever for a pure supply chain management software company. The move is the latest in a string of big-figure deals in recent months driven by providers betting that large shippers want more applications on single platforms.
On 10th March 2021, BluJay Solutions, a leading provider of global supply chain software and services, announced the launch of the Augmented Global Trade (AGT) platform, a multi-tenant SaaS platform that enhances and automates the end-to-end customs and compliance requirements for international trade. For logistics service providers, carriers, and shippers managing complex customs declarations, as well as shippers that need to assert control over a network of brokers and freight forwarders, BluJay’s Augmented Global Trade platform streamlines workflow, decreases risk, and accelerates efficiency for international trade operations.
Influencing Trend:
Integration of ERP Tools with Trade Management Software for Overall Management
Market Growth Drivers:
Increasing Need for the Coordination and Sync in Global Logistics and Smoother Importing and Exporting Operations and Demand for the Automation in Trade Operations for Efficiency and Effectiveness
Challenges:
Stiff Competition in the Trade Management Software Market
Restraints:
Adherence to the Stricter Trade Regulations and Compliances Hindering the Trade Management Software Market
Opportunities:
Surging Global Supply Chain Solution will Boost the Trade Management Software
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Trade Management Software - Market
- Analysis about New Entrants in Trade Management Software - Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Trade Management Software - Study Sheds Light on
The Trade Management Software - Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Trade Management Software - industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Trade Management Software - industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.