DUBLIN, May 30, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the
"Global Trade Management Market by Component (Solutions and
Services), Deployment Type (On-Premises and Cloud), Organization
Size (SMEs and Large Enterprises), Vertical, and Region - Global
forecast to 2022" report to their offering.
The global trade management market is expected to grow from
USD 645.2 Million in 2017 to
USD 1,034.2 Million by 2022, at a
Compound Annual Growth Rate (CAGR) of 9.9%.
Several factors such as increasing complexities in global trade,
changing government rules and regulations pertaining to foreign
trade, increasing transportation costs, and increasing investment
in global logisitics infrastructure are responsible for the growth
of the global trade management market. Verticals such as
transportation and logistics, aerospace and defense, consumer goods
and retail, healthcare and life sciences, and manufacturing have
contributed largely to the global trade management market.
The global trade management market is segmented by solution,
service, deployment type, organization size, vertical, and region.
The on-premises deployment model has been the preferred deployment
model, However, cloud-based global trade management deployment is
likely to gain traction during the forecast period and grow at
highest CAGR. Cloud-based deployment model reduces the total cost
of ownership by cutting down the cost associated with installing
hardware to support global trade management solutions.
One of the major advantages of the cloud-based deployment model
is that it helps the enterprises to know the real-time condition of
the trade process from a remote location. Moreover, cloud-based
deployment model offers higher agility than the on-premises
deployment model. Enterprises are considering cloud deployment as
solution providers offer remote global trade management solutions
at competitive pricings.
Trade function solutions are estimated to dominate the global trade
management solutions market in 2017, while trade compliance
solutions are expected to witness the fastest growth during the
forecast period from 2017 to 2022. Growing complexities in managing
business import/export functions have driven the growth of trade
function solutions in the global trade management solutions
market.
The Small and Medium Enterprises (SMEs) segment is expected to grow
at the highest CAGR in the global trade management market during
the forecast period. SMEs have been majorly dependent on manual
records, spreadsheets, and traditional solutions to manage their
global trade processes. This is majorly due to the lack of
awareness and budget constraints. However, increasing awareness and
digital transformation has influenced SMEs to adopt automated
solutions such as global trade management.
Global trade management solutions and services are being
increasingly adopted by verticals, such as transportation and
logistics, aerospace and defense, heathcare and life sciences,
consumer goods and retail, manufacturing, and energy and utilities,
to automate and simplify global trade operations, thus, fueling the
growth of the global trade management market across the globe.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global Trade Management Market Analysis, By Component
8 Global Trade Management Market Analysis, By Deployment Type
9 Global Trade Management Market Analysis, By Organization Size
10 Global Trade Management Market Analysis, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Amber Road, Inc.
- Aptean, Inc.
- Integration Point, Inc.
- Livingston International, Inc.
- MIC Customs Solutions
- MIQ Logistics
- Oracle Corporation
- Precision Software
- QuestaWeb, Inc.
- SAP SE
- The Descartes Systems Group, Inc.
- Thomson Reuters Corporation
For more information about this report visit
http://www.researchandmarkets.com/research/h6svft/global_trade
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716