Lewes, DE -- (SBWIRE) -- 12/14/2016 -- Report forecast the GTM software market to grow at a CAGR of 12.2% during the period 2016-2020.

GTM solutions address the requirements of logistics management, regulatory compliance, import and export processes, and financial information of an organization. These solutions streamline and automate business processes and enable businesses to determine the total landed cost. The implementation of trade management solution helps increase productivity, allows real-time access to different supply chain components, and increases visibility across the entire organization.

The report covers the present scenario and the growth prospects of the GTM 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.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, GTM 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.

Further, the report states that most of the business organizations prefer cloud-based GTM software over on-premises because of its cost-effectiveness and easy accessibility. However, the implementation of cloud-based solutions increases the risk of revealing trade-related information to public or others due to security vulnerabilities in the web, which could result in the misuse or manipulation of data. There is also a high chance of hacking of logistics information when proper security measures are not provided.

GTM Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the GTM 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

Market driver
- Increasing need to reduce operational and transportation costs
- For a full, detailed list, view our report

Market challenge
- Increasing interoperability issues and lack of comprehensive integration strategy
- For a full, detailed list, view our report

Market trend
- High adoption of business intelligence and analytics in GTM
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 61 pages and 30 Exhibits "Global Trade Management Software Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces analysis, Vendor landscape, Key vendor profiles, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-trade-management-software-market-2016-2020

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