We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Big gains for trade management software
Forward Thinking

Big gains for trade management software

September 22, 2008
Supply Chain Quarterly Staff
No Comments

One sure sign that global supply chains are expanding: Sales of global trade management (GTM) software are soaring. According to the research firm ARC Advisory Group, sales of this application totaled US $503 million in 2007 and will reach US $814 million in 2012.

One reason why ARC forecasts a 10percent compounded annual growth rate is that companies need help keeping up with changing global trade regulations. GTM software also helps with navigating trade finance, often provides shipment visibility, and assists with procuring ocean and air shipping services. Adding to its popularity is that some vendors offer it under a "software as a service" model. This allows users to "rent" the software, which is delivered over the Internet, avoiding the headaches that come with buying and installing licensed packages.

Article Figures
[Global trade growth boosts software sales]
[Global trade growth boosts software sales] Enlarge this image

Although enterprise resource planning (ERP) vendor SAP is the largest player in the GTM market, "best of breed" vendors also offer top-rated solutions, says ARC. "This is an interesting market, where the growth of ERP suppliers with global trade management solutions does not come at the expense of certain types of best-of-breed solutions," said analyst Steve Banker.

[Source: Global Trade Management Worldwide Outlook: Market Analysis and Forecast Through 2012, ARC Advisory Services, July 2008]

  • Related Articles

    Warehouse automation market set for long-term gains

    Veho gains $170 million backing for crowdsourced parcel delivery platform

    Private equity firm buys GPS Insight to build fleet management software shop

Recent Articles by Supply Chain Quarterly Staff

IoT vendors say industry needs better collaboration

Survey: only 55% of shippers filled their LTL trucks to full capacity in 2022

Survey: consumers set price cap on paying sustainability premium

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: parcel delivery drivers are frustrated by using their own smartphones for work

  • Survey: most Americans unaware that truckers face shortage of parking spaces

  • Best practices in logistics sustainability

  • Supply chain executives not yet seeing expected results from technology investments

  • Postal Service plans to seize items mailed with fake stamps

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Five tips for parcel success in 2023

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing