Global Trade Management Software Market Report 2021: Market Opportunities in the Deployment of Software-as-a-Service and Cloud-Based Services
DUBLIN, April 30, 2021 /PRNewswire/ -- The "Trade Management Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component, Deployment, Organization Size, and End User, Geography" report has been added to ResearchAndMarkets.com's offering.
In terms of revenue, the global trade management software market was valued at US$ 825.0 million in 2020 and is projected to reach US$ 1,748.4 million by 2028; it is expected to grow at a CAGR of 10.1% from 2021 to 2028.
The integration of advanced technologies, such as blockchain, artificial intelligence, Internet of Things (IoT), advanced analytics, conversational systems, and robotic process automation (RPA), with trade management software is significantly driving the market. However, the rapidly changing nature of businesses and regulations require consistent change in technology and services. Also, the integration of advanced technologies is expected to provide substantial growth opportunity to the key players in this market.
Further, import and export volume of the products; compliance and security regulations of the delivery location; the multitude of Free trade agreements and Free-trade zones (FTAs and FTZs); number of partners involved in the supply chain; and the level of internal trade know-how are other key factors.
Additionally, the need of any business may change on timely basis or depending on the location. Thus, businesses across the world are seeking for appropriate trade management solutions to simplify their global trade processes.
Key Topics Covered:
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