The sales of trade management software is largely influenced by several economic and non-economic factors prevailing across the globe. The logistics & transportation, retail & consumer goods, and automotive sectors are expected to impact the growth of the trade management software market considerably. Besides, the healthcare & pharmaceutical industry, with the increasing import and export of medical devices and drugs is creating a huge demand for trade management software globally.
Global trade management software market is majorly driven by the ease of using the software over the complexities faced during the use of traditional trade management approach. Moreover, the increasing adoption of cloud technology across the industries is further driving the market. The integration of advanced technologies with trade management software such as blockchain, artificial intelligence, IoT, advanced analytics, conversational systems, RPA, and others are significantly driving the market growth. 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.
Oracle Corporation; BAMBOO ROSE LLC; E2OPEN, LLC; MIC; and SAP SE – Prominent Market Participants in Trade Management Software Market
Oracle Corporation; BAMBOO ROSE LLC; E2OPEN, LLC; MIC; and SAP SE are some of the key market players operating in the global trade management software market. The listing of key players is derived by considering multiple factors such as overall revenue, current trade management software product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the trade management software ecosystems which were studies analyzed during the course of this market research study, such as, AEB; EXPEDITORS INTERNATIONAL OF WASHINGTON, INC; IMPEXDOCS; LIVINGSTON INTERNATIONAL; OCR SERVICES, INC.; and Thomson Reuters Corporation; IHS Markit; and GTKonnect, Inc. among others. Further, in September 2018, Bamboo Rose launched My Views which allows retailers and their partners to personalize and visualize product lifecycle information using multiple views. In May 2018, Bamboo Rose announced opening of new office in n Belfast, Northern Ireland. The new Belfast office is the latest in a series of actions focused on continuous product enhancement and innovation.
Most of the market initiatives were observed in North America region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
|
Year |
News |
Country |
|
2021 |
SAP Hong Kong and consulting powerhouse Deloitte have partnered on an offering they offered substantial benefits to businesses engaged in cross-border trade. |
North America |
|
2019 |
Bamboo Rose launched services as a subscription model which helps customer to better plan, innovate and collaborate with their multi-enterprise retail communities, saving 10 to 30 percent on technology investments. |
North America |
