Trade Management (TM) Software Market to Grow 12.2% CAGR to 2020

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ReportsnReports.com adds Global Trade Management Software Market 2016-2020 latest research report; the analysts forecast global trade management software market to grow at a CAGR of 12.2% during the period 2016-2020.

The global trade management software market analyst says business intelligence, when integrated with GTM software, provides valuable real-time insight into the trading partner performance and internal operations of the company and helps in making better supply chain decisions. BI also helps in identifying trends and patterns and providing sufficient information on performance improvement. It further tracks the service levels of the company's trading partners and benchmarks their performance with the global shipping community.

Complete report on trade management software market spread across 61 pages, analyzing 9 major companies and providing 30 data exhibits are now available at http://www.reportsnreports.com/reports/779235-global-trade-management-software-market-2016-2020.html

The following companies are the key players in the global trade management software market: Amber Road, Aptean, Descartes, Infor, Integration Point, Oracle, Precision Software, SAP, and QuestaWeb. Other prominent vendors in the market are: CargoWise, Kewill Technologies, MercuryGate, MIC Custom Solutions, and TradeStone Software.

According to the trade management software market report, global trade management solutions will reduce the transportation cost by 4%-10% and help the trading companies to improve links between transportation nodes, facilitating cheaper and faster deliveries. It also supports the decision making process for optimum inventory levels, the location of factories, and mode of delivering goods. GTM software helps in transportation planning and sourcing, transportation business intelligence, enhanced fleet management, billing and claims, workflow management, customs management and document management. These features reduce the transportation costs and increase the operational efficiency, helping the companies to improve their business growth and reach. Order a copy of Global Trade Management Software Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=779235

The global trade management software market in the Americas accounted for more than 46% of the global market during 2015. The market’s growth in this region is driven by factors such as increasing need for faster time-to-market, operational cost reduction, and efficient management of complex global supply chain. The global trade management software market in EMEA accounted for more than 24% of the global market. The market’s growth in the region is attributable to the high demand for supply chain visibility in industries such as retail and consumer goods, and manufacturing.

The adoption of GTM software in APAC is still in its growth phase. The trade management software market is anticipated to undergo significant growth during the forecast period owing to the high demand for effective solutions to manage trade, reduce operational cost, and increase supply chain performance in the manufacturing industry in the region, especially in China, Japan, India, Australia, Indonesia, and South Korea By 2020.

Global Trade Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global trade management software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of GTM software. It includes software licenses and subscription costs and all the expenses related to software implementation, technical support, and maintenance.

Further, the trade management software market report states that most of the business organizations prefer cloud-based GTM software over on-premises because of its cost-effectiveness and easy accessibility.

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