According to the MarketsandMarkets research report titled “Trade Management Market by Component (Solutions and Services), Deployment Mode (On-Premises and Cloud), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Vertical, and Region – Global Forecast to 2027,” the global trade management market is projected to increase from USD 0.9 billion in 2022 to USD 1.3 billion by 2027, reflecting a CAGR of 6.4% over the forecast period.
Market Dynamics
Drivers
- Rising volume of international trade
- Accelerated digitalization across global supply chains
- Increasing government regulations and compliance requirements
Restraints
- Reluctance to replace legacy systems or adopt new technologies
Opportunities
- Enhanced capabilities enabling integration with existing enterprise systems
- Emerging innovations in Supply Chain as a Service (SCaaS)
- Growing consumer demand for faster, cost-efficient delivery
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Large Enterprises to Lead Market Share During the Forecast Period
Large enterprises particularly in sectors such as consumer goods and retail, healthcare, aerospace and defense, and transportation and logistics—manage highly complex trade operations. Their vast and distributed supplier networks, combined with the movement of high-value goods across multiple countries, necessitate advanced trade management solutions. Their scale, regulatory exposure, and operational complexity position them as critical adopters driving demand in the trade management market.
Transportation & Logistics Segment Expected to Dominate Market Share
The transportation and logistics industry continues to benefit significantly from global trade expansion. As the sector undergoes rapid digital transformation, fueled by emerging technologies, organizations face mounting pressure to reduce operational costs and optimize trade processes. Trade management solutions empower logistics providers with real-time visibility into shipments and inventory, enabling improved decision-making and consistent, reliable service delivery.
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Top Companies in the Trade Management Market
- Oracle (US)
- Infor (US)
- Thomson Reuters (US)
- Bolero International (UK)
- Global Custom Compliance (China)
- Livingston International (Canada)
- Aptean (US)
- SAP (Germany)
- Noatum Logistics (Spain)
- E2open (US)
North America Expected to Hold the Largest Market Share
North America is projected to lead the global trade management market throughout the forecast period. The region’s leadership is attributed to its advanced technological landscape, mature infrastructure, and strong adoption of global trade management (GTM) solutions and services. Additionally, substantial investments in industries such as aerospace and defense, healthcare, and life sciences continue to enhance demand for sophisticated trade management platforms. The region’s well-established international trade ecosystem further reinforces its dominant market position.
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