Trade Management Software Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Trade Management Software Market is Segmented by Component (Solutions (Vendor Management, Import/Export Management, Invoice Management, and Other Solutions (Finance, Compliance, Etc. )), Services (Consulting, Implementation)), Deployment (On-Cloud, On-Premise), Organization Size (Small & Medium Enterprises, Large Enterprises), End-User Industry (Defense, Pharmaceuticals, Energy, Transportation & Logistics, Consumer Goods, and Other End-User Industries), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Trade Management Software Market Size

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Trade Management Software Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.32 Billion
Market Size (2029) USD 2.11 Billion
CAGR (2024 - 2029) 9.90 %
Fastest Growing Market Middle East and Africa
Largest Market North America

Major Players

Trade Management Software Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Trade Management Software Market Analysis

The Trade Management Software Market size is estimated at USD 1.32 billion in 2024, and is expected to reach USD 2.11 billion by 2029, growing at a CAGR of 9.90% during the forecast period (2024-2029).

  • Growing demand for trade management automation technologies and the increasing desire to reduce organizational expenditures are among the primary drivers driving market growth. The income from trade management software sales for various end-user applications calculates the market size.
  • Furthermore, trade management software provides features that help merchants and enterprises reduce supply chain and legal risks. It links importers and exporters with suppliers, brokers, logistic service providers, and carriers in other countries. The software is used by businesses to monitor and track cross-border operations. By automating cross-border processes, the application decreases risk and assists in properly managing and administrating imports-exports and legal and regulatory requirements.
  • Supply networks have grown increasingly complicated and fragmented due to globalization and outsourcing. These advancements strengthen the product range of supply chain visibility solutions, the amount of international commerce, the demand for solutions to improve it, and the number of items subject to compliance, customs, and tariffs.
  • The COVID-19 epidemic impeded international trade. To prevent the spread of the coronavirus, authorities in numerous countries enforced worldwide transportation and commerce restrictions. Such constraints and social alienation hampered the distribution network and international trade. Chemical and automobile sales have fallen dramatically in industrialized economies such as the United States, the European Union, and China. Textiles, office machinery, precision instruments, and communications equipment have all seen significant declines in trade.
  • However, following the pandemic, the industry saw a faster digital transition for businesses of all sizes and industries. This rapid digital transformation will increase global trade, business, and job creation. For instance, according to the Asian Development Bank's Asian Economic Integration Study 2022, a 20% growth in digital sector size is predicted to boost global output by USD 4.3 trillion between 2022 and 2028.

Trade Management Software Market Trends

Consumer Goods to Drive the Market

  • Import/export management, restricted party screening, trade compliance, custom filings, free trade zones, and cross-border trade management are all trade-related procedures that consumer products firms can use trade management software to handle. Economic exchanges between countries are referred to as international commerce. Consumer items like apparel and television sets and capital goods like machinery, raw materials, food, and other things are regularly exchanged.
  • Many global consumer products businesses utilize a single platform to collect trade spending data from diverse markets and channels for reporting and decision-making throughout the company. Based on reverse-engineering research, the venue usually incorporates data regarding trade partners' margin needs to clarify what sort of arrangement trading partners want.
  • Trade promotion management (TPM) and optimization (TPO) are procedures and technology consumer goods manufacturers use to plan, manage, and execute activities that need collaborative promotional involvement from their retail partners.
  • The consumer products business faces several challenges, including inflation-driven cost increases, narrower margins, and global supply chain issues, which can lead to decreasing sales and brand loyalty. As a result of economic uncertainty, the consumer products industry is looking for digital solutions to improve the efficiency and robustness of its operations.
  • For instance, according to the Office for National Statistics (UK), United Kingdom exports in the third quarter of 2023 were about USD 269,581. Its imports were valued at roughly USD 275,278 that quarter. Imports are increasing, and organizations use trade management software to reduce the costs and hazards of international commerce.
  • Through integrated sales planning, consumer goods manufacturers may use Trade Management Software to match retail partners' trade investment demands with their own revenue and volume growth goals, as well as more significant margins and ROI.
Trade Management Software Market: Total Imports and Exports of Goods in Billion USD, United States, From January 2022 to September 2022

North America Expected to Hold Major Market Share

  • The existence of prominent rivals such as SAP, Oracle, and Amber Road Inc. is expected to provide North America with a significant market share in the trade management software market.
  • Furthermore, the region's rapid and severe trade laws raise demand for these solutions to ensure seamless compliance and no missed tax and duty deadlines.
  • The United States government seeks to increase its use of locally produced items. As a result, export growth will be equivalent to international import growth. As a result, the use of trade management software to track and conform to each country's regulatory standards is projected to rise further.
  • Furthermore, the rising cloud-based solutions industry in North America will benefit the trade management software market.
  • According to the World Trade Organization (WTO), in March 2022, Canada donated $2,000,000 (USD 1.5 million) to assist developing and least-developed nations in becoming more active participants in global agricultural trade. The Standards and Trade Development Facility (STDF) funding assists nations in meeting international food, plant, and animal health standards, allowing them to access regional and global markets more easily.
  • According to BEA, In the first quarter of 2022, the total value of goods and services imported into the United States increased from USD 795.5 billion in the first quarter of 2021 to USD 1,018.5 billion. The demand for trade management software will increase as more goods and services are imported into the US.
  • Other regional firms are engaged in different actions such as acquisition, merger, and partnership, which will likely enhance demand for trade management software.
Trade Management Software Market

Trade Management Software Industry Overview

The trade management software market is competitive with the presence of players like Oracle Corporation, Expeditors International of Washington, Inc., Amber Road Inc. (E2open), SAP SE, and Livingston International.

In February 2024, Oracle Corporation announced that Oracle Fusion Cloud Supply Chain and Manufacturing has added new business intelligence capabilities for logistics and transportation management. The new capabilities are aimed at managing the flow and distribution of goods, as the transportation and global trade functionalities are built on the same platform.

In July 2022, Livingston International, a supplier of customs brokerage, freight forwarding, and worldwide trade consultancy services, introduced Livingston Direct. This entirely digital, user-directed tool allows US importers better visibility and control over online customs clearance. The introduction of Livingston Direct is the company's newest move in its continuous drive to deliver expanded digital services to businesses wishing to streamline customs procedures.

Trade Management Software Market Leaders

  1. Oracle Corporation

  2. Expeditors International of Washington, Inc.

  3. Amber Road Inc. (E2open)

  4. SAP SE

  5. Livingston International

*Disclaimer: Major Players sorted in no particular order

Trade Management Software Market Concentration
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Trade Management Software Market News

  • May 2023: BNP Paribas’ Securities Services business and Bloomberg announced an integration that combines BNP Paribas’ multi-asset servicing capabilities with Bloomberg AIM, a leading buy-side order management system. The solution will provide mutual clients seamless front-to-back workflows and standardized data connectivity to support efficient trade management.
  • November 2022: SAP launched Build, a new low-code platform to bring software development to business users such as marketers and procurement professionals. SAP Build connects existing solutions to make creating apps, processes, and websites easier.
  • September 2022: E2open and Shippeo, a global provider of real-time multimodal transportation visibility, are expanding their relationship to allow native real-time in-transit visibility in the most comprehensive global supply chain management platform. Customers will benefit from real-time data, visibility of items in motion, and the opportunity to take necessary action on a single linked platform due to the extended cooperation with e2open.

Trade Management Software Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitutes

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 An Assessment of The Impact of COVID-19 on The Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Efficient Handling of Global Trade

      2. 5.1.2 Increasing Government Regulations in International Trade

    2. 5.2 Market Restraints

      1. 5.2.1 Slow Adoption Rates Among Organizations

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Component

      1. 6.1.1 Solution

        1. 6.1.1.1 Vendor Management

        2. 6.1.1.2 Import/Export Management

        3. 6.1.1.3 Invoice Management

        4. 6.1.1.4 Other Solutions (Finance, Compliance, Etc.)

      2. 6.1.2 Service

        1. 6.1.2.1 Consulting

        2. 6.1.2.2 Implementation

    2. 6.2 By Deployment

      1. 6.2.1 On-Cloud

      2. 6.2.2 On-Premise

    3. 6.3 By Organization Size

      1. 6.3.1 Small and Medium Enterprises

      2. 6.3.2 Large Enterprises

    4. 6.4 By End-user Industry

      1. 6.4.1 Defense

      2. 6.4.2 Pharmaceuticals

      3. 6.4.3 Energy

      4. 6.4.4 Transportation and Logistics

      5. 6.4.5 Consumer Goods

      6. 6.4.6 Other End-user Industries

    5. 6.5 By Geography

      1. 6.5.1 North America

      2. 6.5.2 Europe

      3. 6.5.3 Asia Pacific

      4. 6.5.4 Latin America

      5. 6.5.5 Middle East and Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Oracle

      2. 7.1.2 Expeditors International of Washington Inc.

      3. 7.1.3 Amber Road Inc. (e2open, LLC. )

      4. 7.1.4 SAP SE

      5. 7.1.5 Livingston International

      6. 7.1.6 Thomson Reuters Corporation

      7. 7.1.7 Cognizant

      8. 7.1.8 United Parcel Service of America, Inc.

      9. 7.1.9 The Descartes Systems Group Inc.

      10. 7.1.10 MIC

      11. 7.1.11 Bamboo Rose LLC

      12. 7.1.12 OCR Services Inc.

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

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Trade Management Software Industry Segmentation

Trade management software assists businesses in managing their global trade activities. Importers and exporters primarily utilize it to strengthen communication with trade partners and manage global trade operations.

The trade management software market is segmented by component (solutions (vendor management, import/export management, invoice management, and other solutions (finance, compliance, etc.)), services (consulting, implementation)), deployment (on-cloud, on-premise), organization size (small & medium enterprises, large enterprises), end-user industry (defense, pharmaceuticals, energy, transportation & logistics, consumer goods, and other end-user industries), and geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Component
Solution
Vendor Management
Import/Export Management
Invoice Management
Other Solutions (Finance, Compliance, Etc.)
Service
Consulting
Implementation
By Deployment
On-Cloud
On-Premise
By Organization Size
Small and Medium Enterprises
Large Enterprises
By End-user Industry
Defense
Pharmaceuticals
Energy
Transportation and Logistics
Consumer Goods
Other End-user Industries
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Trade Management Software Market Research FAQs

The Trade Management Software Market size is expected to reach USD 1.32 billion in 2024 and grow at a CAGR of 9.90% to reach USD 2.11 billion by 2029.

In 2024, the Trade Management Software Market size is expected to reach USD 1.32 billion.

Oracle Corporation, Expeditors International of Washington, Inc., Amber Road Inc. (E2open), SAP SE and Livingston International are the major companies operating in the Trade Management Software Market.

Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Trade Management Software Market.

In 2023, the Trade Management Software Market size was estimated at USD 1.19 billion. The report covers the Trade Management Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Trade Management Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Trade Management Software Industry Report

Statistics for the 2023 Trade Management Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Trade Management Software analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Trade Management Software Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)