Press release
Trade Management Software Market Projected to Surpass USD 1504.42 Million by 2025 | Analysis by Top Key Vendors - Amber Road, Integration Point, PRECISION, Thomson Reuters, Oracle, Tech Target, Trade Performance
Trade Management Software Market
Global Trade Management Software Market Overview:
The Global Trade Management Software Market is Valued at USD 749.5 Million in 2017 and will reach USD 1504.42 Million by the end of 2025 and also market is anticipated to grow with a healthy growth rate of more than 9.10% over the forecast period 2018-2025.
The real driving component of the Global Trade Management Software Market is expanding the general expense of global transportations and logistics and the ascent in fuel cost. Furthermore, the requirement for a productive store network is additionally a noteworthy driving component. The major limiting element of the Global Trade Management Software Market is information security and privacy concern and the absence of specialized specialists. Trade management alludes to everything a trader effectively does after a trade is executed to expand the potential benefit and limit the hazard whereas trade management software encourages the trader to trade viably and proficiently with amplifying benefit and limit chance.
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According to the market report analysis, Trade management software helps in streamlined screening of exports by instantly clears sales order for shipment or flags it for compliance issues. Trade management software helps in elimination order processing delays due to export violation can be notified in a timely manner. It also provides efficiency in visibility into landed costs by smaller import duties on components. If organization faces reduction of inbound delays, it is forced to either carry excess inventory or incur more stock-outs. It also streamlining financial trade by ensuring that the set of documents is correct and complete every time.
In terms of the regional analysis, North America constituted the largest share in the Global Trade Management Software Market. This is due to the presence of large retail chains, manufacturers, and trading companies. In addition, adoption rate of Trade Management Software is much higher in this region when compared to other parts of the world. Many companies are focusing on increasing efficiency and be more customer-centric, due to which the Trade Management Software Market is experiencing high demand from this market.
Latest Business News:
1 Amber Road (May 6, 2019) – Amber Road Launches Carrier Cargo Screening – Amber Road (NYSE: AMBR), a leading provider of global trade management solutions, has announced a new cargo screening solution to address the challenge carriers face in identifying shipments that may contain prohibited, hazardous, or dual-use goods based only on the limited information provided on a transportation manifest or air waybill. The solution is ideal for global logistics providers who must aggregate and accurately screen a high volume of shipments from multiple providers to comply with increasingly stringent laws.
“Global trade requires that companies keep up with ever-changing regulations and standards of reasonable care to maintain their trade privileges,” said Nathan Pieri, Chief Product Officer at Amber Road. “However, the market has been devoid of tools to meet these more stringent examinations. With our new Carrier Cargo Screening Solution, we have developed new content libraries and advanced algorithms to offer a robust supply chain risk platform ideally suited for global logistics providers.”
2 Integration Point (April 30, 2019) – Inbound Logistics Selects Integration Point, part of Thomson Reuters as 2019 Top 100 Logistics IT Provider – Every year, Inbound Logistics editors recognize 100 logistics IT companies that support and enable logistics excellence. This year, Integration Point, part of Thomson Reuters, has been recognized as a Top 100 Logistics IT Provider for demonstrating leadership and excellence with our comprehensive suite of Global Trade Management (GTM) solutions.
Top Leading Key Manufacturers are: SPA, Amber Road, PRECISION, Thomson Reuters, Integration Point, Aptean, Oracle, Tech Target, Trade Performance, MPSOFT, Dingjie, LZSOFT, Ruima, AUTOMIS and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Purchase this report online with 125 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Trade Management Software Market Report 2019” @ https://www.businessindustryreports.com/buy-now/122558/single .
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Trade Management Software in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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