Trade Management software offers real-time tracking of shipments which are in transit, clearance status, inventory levels forecast, and supply chain performance. With the help of Trade Management's, it is easy to micromanage the complete supply change network operations. Large and small trading companies have been automating Trade Management process to manage the challenges of manual processes, delays, and complications in exports and imports and non-compliance penalties.
The adoption of Trade Management software has proven to significantly improve the quality, accuracy, and reliability of a process. To sustain in the competitive market environment, companies have intimated the process of automating trading process with Trade Management software. Trade Management can automate processes such as import management, export management, duty management, financial transactions, and restricted party screening.
Based on the type, the Trade Management market is segmented into Solution and Services. The Solution market is segmented into Trade Function, Trade Compliance, Supply Chain Visibility and Trade Finance. Trade Function is further segmented into ImportExport Management, Vendor Management and Others. Trade Compliance is further segmented into Duty Management and Risk & Quality Management. Trade Finance is further segmented into Insurance Management, Invoice Management and Others. The Services market is segmented into Consulting, Implementation and Support & Maintenance.
Based on Organization size, the market is segmented into Small & Medium Sized Enterprises and Large Enterprises. Based on Deployment Type, the market is segmented into Cloud-based and On-Premise. The verticals covered under the report include Transportation & Logistics, Healthcare & Life Sciences, Government & Public Utilities, Consumer Goods & Retail, Aerospace & Defense, Manufacturing, Energy & Utilities and Others. Based on country, Trade Management market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe.
Germany remained the dominant country in the Europe Trade Management market. France and UK would witness promising CAGR during the forecast period (2016-2022). The report covers the analysis of key stake holders of the Trade Management market. Key companies profiled in the report include Oracle Corporation, SAP SE, Amber Road, Inc., MIC Customer Solutions, Precision Software, QuestaWeb, Inc., The Descartes Systems Group, Inc. and Aptean, Inc.
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