Trade management software helps in optimizing and streamlining process related to trade by centralizing all trade operations. The trade management software also provides control and transparency over shipments, orders, and payments.
Increasing globalization and rising demand for advanced automated systems are major factors driving growth of the global trade management software market. In addition, increasing number of e-Commerce startups is another factor expected to propel growth of the global market to a considerable extent over the forecast period.
Moreover, increasing adoption of trade management software by various sectors such as transportation & logistics, manufacturing, etc., coupled with development of trade management applications for smartphones are other factors further fueling growth of the global market.
Substantial financial investment and complex integration are major factors restraining growth of the global trade management software market. In addition, resistance towards adoption of new technology by organizations is another factor hampering growth of the global market.
Presence of major service providers and increasing adoption of automated services and solutions in this region are major factors driving growth of the North America trade management software market.
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