|By Business Wire||
|July 2, 2014 03:42 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/hgnwnd/global_trade) has announced the addition of the "Global Trade Management Software Market 2014-2018 with Amber Road, GT Nexus & SAP AG Dominating" report to their offering.
The Global Trade Management Software market will grow at a CAGR of 10.92% to 2018.
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.
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.
- 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.)
For more information visit http://www.researchandmarkets.com/research/hgnwnd/global_trade