INTELLIGENT BRANDS // Software for Business
Trade Management Software
market 11.42% CAGR growth
by 2021
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International, MIC, and TradeLanes. Global
Trade Management (GTM) is a software
that is used to streamline life cycle of trade
activities in areas such as logistics and
settlement. GTM helps to improve operating
efficiencies and cash flows significantly and
is also comprehensive. It helps organisations
to use the cross-functional and system-wide
view of global trade and is applied by many
companies in their global operations.
A
ccording to the Global Trade
Management Software Market
2017–2021 report, one of the
major drivers for this market is needed for
efficient supply chain. The need for global
supply chain visibility and optimisation
has increased among trading companies
because of the growing cost of global
shipments, extended delivery time and the
variations in lead time. The visibility into
the global supply chain is necessary as it
helps to avoid overstocking of inventory,
optimise supply chain networks and mitigate
trade compliance risks. However, the use of
manual or outdated technologies and the
complexity of the global trading systems,
which have different data and message
formats, are obscuring the visibility into the
networks of the supply chain.
The analysts forecast the global Trade
Management Software market to grow at a
CAGR of 11.42% during the period 2017–
2021. The latest trend gaining momentum
88
INTELLIGENTCIO
in the Trade Management Software market
is GTM software adapting to globalisation
in trade. Many companies are using global
trade as a way of expanding their businesses
and to increase their profit margins. To cope
with the increasing changes in the global
trade sector, GTM software activities are
also becoming more globalised. GTM has
moved away from the traditional global
trade approach and is driven by the growth
of e-commerce, omnichannel and other
distribution approaches. A high number
of regulations associated with country-to-
country imports and exports is one of the
major trends that will be seen during the
forecast period.
The key players in the global Trade
Management Software market are: Amber
Road, Aptean, Descartes, Infor, Integration
Point, Oracle, QAD, SAP, QuestaWeb, and
Visual Compliance. Other Prominent Vendors
in the market are: Bamboo Rose, WiseTech
Global, BluJay Solutions, MercuryGate
Furthermore, the report states that one of
the major factors hindering the growth of
this market is data security and privacy.
Most of the business organisations prefer
cloud-based trade software over on-
premise trade software because of its
cost-effectiveness and easy accessibility.
However, the implementation of cloud-
based solutions could reveal trade-related
information to public or competitors due to
security vulnerabilities on the web, which can
result in the misuse or manipulation of data.
There is also a high chance of a breach of
logistics information when the right security
measures are not in place.
The report has been prepared based on
an in-depth market analysis with inputs
from industry experts. The report covers the
market landscape and its growth prospects
over the coming years. The report also
includes a discussion of the key vendors
operating in this market.
Another related report is Global Photo
Editing Software Market 2017–2021, the
analysts forecast the global photo editing
software market to grow at a CAGR of
6.35% during the period 2017–2021. Those
involved include: Adobe Systems, Corel, ACD
Systems and CyberLink. Other Prominent
vendors in the market include: Apple, DxO
Labs, Alphabet (Google), Macphun, ON1,
Phase One, Polarr and Serif Europe. n
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