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Radiant Insights, Inc.
Michelle Thoras
201 Spear St #1100, Suite #3036 San Francisco, CA 94105 United States

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Trade Management Software Market Is Expected To Experience A Positive Growth till 2025
The global trade management software market size is expected to reach USD 1.43 billion by 2025, according to a new report ., 10/11/2019 - October 11, 2019: The global trade management software market size is expected to reach USD 1.43 billion by 2025, according to a new report by Radiant Insights, Inc., progressing at a CAGR of 8.9% during the forecast period. Rapid changes in international trade regulations coupled with growing complexities of international trade and commerce are providing a fillip to the market.

In recent years, global exports have witnessed high growth owing to surge in consumer demand, changing demographics, and technological advancements. As a result, pressure on logistics and supply chain management is increasing, which is impelling businesses to adopt sophisticated technologies such as trade management software. As the software offers numerous advantages, including optimizing business processes, minimizing costs, and automating finance functions, the logistics and transportation industry is anticipated to adopt these solutions at a rapid pace.

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Further key findings from the report suggest:

• North America accounted for the leading share in 2016 owing to presence of prominent players and strong performance of international trade in the region. The regional market is poised to represent more than one third of the overall revenue by 2025

• Cloud is anticipated to become the preferred deployment option as it offers greater flexibility, convenience, accessibility, and easy maintenance. The segment is likely to exhibit a CAGR of over 10.0% during the forecast period

• While the demand for software solutions is growing at a steady rate, the demand for supplementary services is expected to rise at a greater pace during the same period

• Asia Pacific is anticipated to be the most promising region owing to increasing implementation of cloud-based technologies across various verticals. The region will post a CAGR of 11.6% during the forecast period

• Despite availability of numerous software systems, many processes are still handled manually, hence segmenting the chances of errors. As a result, major vendors are likely to focus on automation and integration of different business processes.

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About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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