TRADE MANAGEMENT SOFTWARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Emergence of trade compliance as a strategic business function

With tightening of regulations and increasing penalties for non-compliance in many countries and regions, maintaining adherence to complex international trade laws has become a key business priority. Any instance of non-tariff barriers, incorrect declarations or supply chain disruptions can significantly hurt brand reputation and revenue apart from steep fines. As a result, more firms are recognizing trade management and monitoring compliance as an important boardroom agenda.

Previously considered merely an operational or back-office task, the function of global trade is now being viewed strategically by senior executives at large multinationals. Ensuring continuous compliance, mitigating regulatory risks, and optimizing worldwide supply chain costs through trade agreements are business imperatives.

• Amber Road, Inc.
• Aptean
• Descartes Systems Group
• E2open
• Expeditors International of Washington, Inc.
• Infor
• Integration Point, Inc.
• International Business Machines Corporation (IBM)
• MIC Customs Solutions
• Livingston International
• Oracle Corporation
• SAP SE
• Schenker AG
• Thomson Reuters Corporation
• Verizon Communications Inc.