According to the latest market research report released by Technavio, the global trade management software market is expected to accelerate at a CAGR of over 11% during the forecast period. The need for an efficient supply chain is one of the key factors triggering the growth of the market.
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According to the latest market research report released by Technavio, the global trade management software market is expected to accelerate at a CAGR of over 11% until 2021. (Graphic: Business Wire)
This research report titled 'Global Trade Management Software Market 2017-2021 provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global trade management software market into the following by deployment:
In 2016, the cloud-based segment accounted for 60% of the global market and is projected to reach 65% by 2021, exhibiting almost 5% increase in market share.
Global trade management software market: Top emerging trend
The use of business intelligence and analytics in GTM is an emerging trend in the enterprise application space. The integration of business intelligence and analytics with GTM software is becoming a major trend in the trade management landscape. Business intelligence (BI), when integrated with GTM software, provides valuable real-time insights into the trading partner performance and internal operations and helps to make better supply chain decisions. It also helps to identify trends and patterns and provides sufficient information on performance improvement. It further tracks the service provided by the company's trading partners and benchmarks their performance with the global shipping community. The integration of GTM with analytics helps the companies to understand rules related to documents and global or domestic compliance to conduct domestic as well as international trade.
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Technavio's report provides expert market research on the following topics:
- Market Outline
- Global Trade Management Software Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by deployment (on-premises and cloud-based)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Amber Road, Aptean, Descartes, Infor, Integration Point, Oracle, QAD, SAP, QuestaWeb, and Visual Compliance)
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