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

Key Developments

• In February 2024, Oracle, a global provider of enterprise cloud computing solutions, announced that Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), part of the Oracle Fusion Cloud Applications Suite, has added new business intelligence capabilities to optimize logistics and transportation management. These enhancements, available at no extra cost, enable organizations to seamlessly manage the physical flow of goods along with the associated logistics and global trade compliance requirements, as the transportation and trade management functionalities are built on a unified cloud platform. The new capabilities aim to help customers increased visibility, reduce costs, automate regulatory compliance, and improve decision-making across their global supply chains.
• In May 2023, BNP Paribas' Securities Services, a leading global custodian providing multi-asset post-trade and asset servicing solutions, and Bloomberg, a global leader in business and financial information, announced an integration that combines BNP Paribas' multi-asset servicing capabilities with Bloomberg AIM, a leading buy-side order management system. The solution will provide mutual clients with seamless front-to-back workflows and standardized data connectivity to support efficient trade management.
• In July 2022, Livingston International, a leading provider of customs brokerage, freight forwarding, and global trade advisory solutions with over 75 years of experience, launched Livingston Direct - a wholly digital, user-directed platform that provides U.S. importers greater visibility and hands-on control over online customs clearance. The introduction of Livingston Direct is the latest initiative in the company's ongoing efforts to deliver enhanced digital services to businesses seeking to simplify their customs processes.
• In November 2022, SAP SE, a leading enterprise software company providing business applications and services, launched SAP Build, a unified low-code development platform designed to empower business users such as marketers, procurement professionals, and citizen developers to easily create applications, automate processes, and build websites. SAP Build combines and extends existing solutions like SAP AppGyver, SAP Process Automation, and SAP Work Zone into a cohesive low-code toolset that enables users to visually design and deploy custom solutions with minimal coding required. The platform leverages SAP's extensive library of pre-built connectors and business content tailored for both SAP and non-SAP systems to accelerate development and integration. SAP Build runs on the SAP Business Technology Platform (SAP BTP), providing a secure, governed environment for collaborative application development between business and IT teams.
• In September 2022, E2open, a leading connected supply chain software platform, and Shippeo, a global leader in real-time multimodal transportation visibility, expanded their strategic partnership to integrate native real-time in-transit visibility into E2open’s comprehensive global supply chain management platform. This enhanced collaboration allows customers to access real-time data, gain visibility into items in motion, and take proactive actions on a unified platform, leveraging E2open’s extensive network and Shippeo’s advanced transportation visibility capabilities.