The trade management software market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. The APAC region dominated the trade management software market in 2020. APAC consists of many developing countries witnessing high growth in their respective manufacturing sector; the region has become a global manufacturing hub. China, as well as other developing countries such as India, South Korea, Taiwan, and Vietnam, are attracting several businesses to relocate their low- to medium-skilled manufacturing facilities to neighboring countries, which have labors at a lower cost. Further, governments of these countries are making developments to improve foreign investments in the region. Over the years, the manufacturing spent of the region has grown significantly and is further anticipated to grow at a decent growth rate. This dramatic growth in the manufacturing spends and adoption of novel technologies are the key factors fueling the demand for trade management software in the region.
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Trade Management Software Market – Company Profiles
Amber Road, Inc.
Bamboo Rose LLC
Expeditors International of Washington, Inc.
Integration Point, LLC
Livingston International
MIC
Oracle Corp
QAD, Inc
QuestaWeb
SAP SE
The market players are focusing on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
In January 2021, SAP Hong Kong and consulting powerhouse Deloitte partnered to offer substantial benefits to businesses engaged in cross-border trade.
In January 2019, Bamboo Rose launched services as a subscription model, which helps customers to plan better, innovate, and collaborate with their multi-enterprise retail communities, saving 10 to 30 percent on technology investments.
In March 2019, Thomson Reuters purchased global trade management (GTM) software provider Integration Point for an undisclosed amount in a deal that significantly expands its pool of North America-based importer and exporter customers.
The global trade management software market has been segmented as follows:
Trade Management Software Market – by Component
Solution
Services
Trade Management Software Market – by Deployment
On-Premise
Cloud
Trade Management Software Market – by Organization Size
Large Enterprises
Medium Enterprises
Small Enterprises
Trade Management Software Market – by End User
Retail & CG
Automotive
Logistics and Transportation
Healthcare and Pharma
Government
Aerospace and Defense
Chemicals and Minerals
Manufacturing
Others
Trade Management Software Market – by Region
North America
US
Canada
Mexico
Europe
France
Germany
Italy
UK
Russia
Rest of Europe
Asia Pacific (APAC)
China
India
South Korea
Japan
Australia
Rest of APAC
Middle East & Africa (MEA)
South Africa
Saudi Arabia
UAE
Rest of MEA
South America (SAM)
Brazil
Argentina
Rest of SAM
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