Dallas, Texas (PRWEB) April 24, 2014
The emergence of cloud-based solutions is a recent trend witnessed in the market. Enterprises across the globe are increasingly adopting cloud computing and cloud-based services to meet their requirements. Enterprises have now realized the cost benefits associated with adopting cloud-based services. This is because cloud-based services offer various advantages such as rapid scalability, easy access, uninterrupted service, and high security. With the emergence of cloud computing, companies are trying to shift their data onto a hosted system. Thus, organizations now prefer software through the cloud model instead of deploying licensed versions of the software on their premises. Therefore, the emergence of cloud-based solutions is expected to propel the growth of the market during the forecast period.
Analysts forecast the Global Trade Management Software market will grow at a CAGR of 10.92 percent over the period 2013-2018. According to the report, one of the major drivers is increasing investment in the domestic supply chain. The domestic supply chain is considered to be important by many companies as it generates most of their revenue. Moreover, organizations are using trade management solutions to keep track of all the components of the supply chain as well as reduce total landed and operational costs. Also, enterprises are deploying travel management software to improve their business processes.
Covered in this Report
The Global Trade Management Software market can be segmented by geography into North America, the EMEA region, the APAC region, and Latin America. The report considers revenue generated from sales of trade management software and related services to companies that are engaged in the export and import of goods.
Global Trade Management Software Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, the EMEA and APAC regions, and Latin America; it also covers the Global Trade Management Software market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
- North America
- Latin America
- Amber Road Inc.
- GT Nexus Inc.
- SAP AG
Other Prominent Vendors
- Descartes Systems Group Inc.
- Integration Point Inc.
- Kewill Technologies
- Oracle Corp.
- Precision Software Solutions Inc. (Idera Inc.)
- QuestaWeb Inc.
- TradeBeam Inc. (CDC Software Corp.)
Key Market Driver
- Increasing Investment in Domestic Supply Chain.
Key Market Challenge
- High Cost of Implementation.
Key Market Trend
- Increasing Demand for Cloud-based Solutions
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Further, the report states that one of the major challenges faced by enterprises in this market is the high cost of implementation. The deployment of trade management software in enterprises is an expensive process. Moreover, its applications need a very conservative and usually costly process of defining requirements. This in turn increases the criticality of the process because, once the deployment process has been started, companies incur high costs to make further changes.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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