(MoneyNewsWire.Net, April 05, 2022 ) MarketsandMarkets forecasts the trade management market size to grow from USD 0.9 billion in 2021 to USD 1.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.0% from 2021 to 2026. increasing volume of international trade, emerging trend of digitization, government regulations and compliances to boost the growth of trade management market across the globe during the forecast period.
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The trade management market includes major vendors, such as Oracle(US), Infor(US), Thomson Reuters(Canada), Livingston International(Canada), Aptean(US), SAP(Germany), Noatum Logistics(US), E2Open(US), Descartes(Canada), Cargowise(US), Expeditors(US), BDP International(US), Accuity(US), QAD Precision(US), 3rdwave(Canada), AEB(Germany), Shipsy(India), Bamboo Rose(US), Bolero International(UK), MIC Customs Solution(UK), OCR Services(US), Webb Fontaine(UAE), Neurored(Europe), 4PL Consultancy(UK), Global Custom Compliance(China), Vigilant Global Trade Services(US), Centrade(US).
These players have adopted different growth strategies to expand their global presence and increase their market shares. New product launches, partnerships, and acquisitions are some of the important strategies adopted by the major players to grow further in the trade management market.
Oracle provides products and services that address all aspects of corporate IT, such as applications, platforms, and infrastructures. The company has a comprehensive portfolio of supply chains management solutions, such as product lifecycle management, supply chain planning, procurement, logistics, order management, manufacturing, and maintenance management. It offers solutions, such as transportation management, warehouse management, and GTM, for efficient logistics management. It also offers a wide range of solutions and services for various verticals, including utilities, technology, manufacturing, communications, retail, and financial services. The company provides its solutions and services across regions, including the Americas, EMEA, and APAC.
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Infor provides supply chain management products to manage its supply chain activities. It offers GT Nexus platform to help companies manage production and monitor goods in transit and at rest; Birst Analytics, a cloud-based platform for networked business intelligence, maintenance, and technical support programs, such as product upgrades, updates, and corrections for the software under maintenance, as well as other technical support and consulting services. It offers its industry-specific and other enterprise software products and related services primarily to large enterprises and small-to-medium-sized companies in various industries, such as manufacturing, distribution, healthcare, public sector, retail, and hospitality industries.
Thomson Corporation and Reuters Group PLC combined to form Thomson Reuters in 2008. It is headquartered in New York, US. The company offers a comprehensive portfolio of GTM solutions to efficiently manage various foreign trade modules, including export, import, and special customs programs. Thomson Reuters caters to an extensive client base from different verticals, including telecommunications, building, foreign trade, pharmaceutical, oil and gas, automotive, IT, electronics, trading, health, chemicals, aeronautical, agribusiness, and commodities. The company serves its client base that is present across 100 countries, in regions of North America, Latin America, Europe, and Asia.
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