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Trade Management Software Market size is set to grow by USD 1.12 billion from 2024-2028, Growing need for improved supply chain efficiency to boost the market growth, Technavio

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NEW YORK, July 18, 2024 /PRNewswire/ –The global trade management software market  size is estimated to grow by USD 1.12 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 10.5%  during the forecast period.  Growing need for improved supply chain efficiency is driving market growth, with a trend towards incremental functionality improvements in gtm software. However, changing regulations and business conditions  poses a challenge. Key market players include Acme Trade Group Pty Ltd., AEB SE, Aptean Group of Companies, Bamboo Rose LLC, Cognizant Technology Solutions Corp., Descartes Systems Group Inc., E2open Parent Holdings Inc., Expeditors International of Washington Inc., Koch Industries Inc., Livingston International Inc., MIC Datenverarbeitung GmbH, Noatum Holdings SLU, OCR Services Inc., Oracle Corp., QAD Inc., S and P Global Inc., SAP SE, Thomson Reuters Corp., Trademo Technologies Inc., and United Parcel Service Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Deployment (Cloud-based and On premise), End-
user (Retail and consumer goods, IT and telecom,
Automotive, Transportation and logistics, and
Others), and Geography (North America, Europe,
APAC, South America, and Middle East and
Africa)

Region Covered

North America, Europe, APAC, South America,
and Middle East and Africa

Key companies profiled

Acme Trade Group Pty Ltd., AEB SE, Aptean
Group of Companies, Bamboo Rose LLC,
Cognizant Technology Solutions Corp., Descartes
Systems Group Inc., E2open Parent Holdings
Inc., Expeditors International of Washington Inc.,
Koch Industries Inc., Livingston International Inc.,
MIC Datenverarbeitung GmbH, Noatum Holdings
SLU, OCR Services Inc., Oracle Corp., QAD Inc.,
S and P Global Inc., SAP SE, Thomson Reuters
Corp., Trademo Technologies Inc., and United
Parcel Service Inc.

Key Market Trends Fueling Growth

With the rise in global trade and e-commerce, trade management software has gained significant importance for businesses. The increasing complexity of international regulations necessitates continuous updates in these software solutions. A US company exporting goods from China to the UK, for instance, must first bring the products back to the US before shipping them to the UK. Trade management software vendors are addressing this need by integrating features that facilitate global shipping at minimal costs. The ongoing globalization trend and e-commerce boom will fuel the growth of the trade management software market during the forecast period. 

The Trade Management Software market is experiencing significant growth, particularly in sectors like Aerospace and Defense and Aerospace Development, where complex processes and compliance risks are high. AI and automation are driving innovation, enabling real-time cargo tracking and efficient supply chain management. Cloud adoption and deployment of cloud-based technologies, including SaaS and cloud-based software, are transforming international commerce, making it more accessible to firms of all sizes. Emerging technologies like AI and digitalization are disrupting traditional trade methods, addressing inefficiencies in import-export activities and streamlining cross-border transactions. Industries like Consumer Goods, Energy, and Defense are embracing GTM software to optimize finances, manage customs filings, and meet delivery deadlines. However, impediments like import-export legislation and infrastructure challenges persist, requiring consulting expertise to navigate complexities and ensure compliance. Global trade volumes continue to grow, driven by e-commerce and free trade zones, leading to increased competition and the need for efficient and cost-effective solutions. Developing countries are adopting these technologies to participate in international commerce, leveling the playing field and driving digitalization and disruption across industries. 

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Market Challenges

Trade management software is essential for businesses dealing with international shipments, as these transactions involve multiple languages, time zones, currencies, and modes of transport. Each shipment may involve numerous parties located in different countries, each subject to unique trade laws. Providers of trade management software must ensure their platforms remain updated with the latest regulatory content to enable businesses to review and act accordingly. Additionally, each trading partner may have distinct functional requirements, necessitating a flexible solution that can accommodate various combinations. To facilitate seamless integration, software providers must offer easy-to-use application programming interfaces, minimizing the need for extensive IT consulting and professional services. However, the challenge of adapting to changing regulations and business conditions may impact the growth of the global trade management software market.Trade Management Software: Overcoming Challenges in Organizations’ Trade Businesses Trade management software has become essential for businesses in trade-related sectors to enhance supply chain efficiency, visibility, and compliance. Primary drivers include predictive analysis, real-time insight, and technology adoption. However, organizations face challenges in implementing these systems. Small & Medium Enterprises (SMEs) and retailers grapple with resource utilization and affordability. Trade compliance, restricted party screening, and trade-related regulations add complexity. Traditional techniques like manual processes and spreadsheets hinder progress. The transportation & logistics industry, with its focus on shipping and transportation management systems, faces challenges in supply chain visibility and real-time tracking. Social distancing measures and worldwide shipping costs further complicate matters. Traders and trading activities require systems that offer accurate, timely information for effective decision-making. Research and development in software solutions continue to address these challenges, providing vertical solutions for various industries. Training and technology adoption are key to successful implementation. In conclusion, trade management software offers significant benefits, but organizations must navigate challenges to fully realize its potential. By addressing these issues, businesses can streamline their operations, increase supply chain efficiency, and stay competitive in the global market.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This trade management software market report extensively covers market segmentation by

Deployment 1.1 Cloud-based1.2 On premiseEnd-user 2.1 Retail and consumer goods2.2 IT and telecom2.3 Automotive2.4 Transportation and logistics2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Cloud-based-  Trade management software is a modern solution for businesses seeking to replace manual processes and traditional enterprise resource planning systems. This software comes with built-in trade management features or internally developed solutions. The cloud-based deployment model is popular among enterprises aiming to reduce IT infrastructure costs, enhance supply chain flexibility, and improve efficiency. For instance, Oracle Corp.’s expansion of their transportation and trade management suite in Oracle Fusion Cloud SCM in February 2024 aimed to help businesses manage logistics networks and handle supply chain disruptions. Cloud-based trade management software is scalable, manages all assets centrally, and streamlines workflow. It can be deployed quickly and requires minimal investment, making it ideal for businesses requiring real-time access to updated information. Advanced enterprises, especially those with complex trade operations, benefit from cloud-based solutions to maintain updated product codes and classifications, share information with partners, and communicate effectively with customs authorities and trading partners. The global trade management software market is expected to grow due to these advantages.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global trade finance market facilitates international trade by providing financing solutions like letters of credit and trade credit insurance. It enables businesses to mitigate risks and secure payment for goods and services across borders, fostering economic growth and trade relationships globally.

The global algorithmic trading market employs automated systems to execute high-speed trades based on pre-defined criteria. It enhances market efficiency by reducing human error and reaction times, thereby increasing liquidity and trade volumes across financial markets worldwide.

Research Analysis

Trade management software is a vital tool for businesses engaged in international trade, facilitating the execution and optimization of import-export activities. This software assists organizations in managing trade compliance, ensuring adherence to import-export legislation, and mitigating compliance risks. Key features include custom filings, restricted party screening, free trade zone management, and shipment tracking. Additionally, trade management software offers components like vendor management, import/export management, invoice management, services, consulting, implementation, deployment, and on-cloud solutions to streamline the entire supply chain process. By automating and integrating various aspects of international trade, businesses can improve efficiency, reduce errors, and enhance overall competitiveness.

Market Research Overview

The Trade Management Software market is experiencing significant growth due to the digitalization of international commerce and the increasing complexity of import-export activities. The market is driven by various factors including the adoption of cloud-based technologies, automation, AI, and ML in supply chain management. Compliance risk, cross-border transactions, and customs filings are major impediments in global trade, leading firms to invest in efficient supply chain solutions. The impact of emerging technologies such as AI and automation on trade management is substantial, with predictive analysis and real-time insight enabling firms to optimize resource utilization and reduce lead times. The aerospace and defense industry, energy sector, IT & telecom industry, and consumer goods are major end-users of trade management software. However, impediments such as limited bandwidth, lack of access in developing countries, and legal policies pose challenges to the market. The implementation of GTM software requires careful consideration of on-cloud or on-premise deployment, infrastructure, and system compatibility. The market is expected to continue growing, driven by the need for supply chain efficiency, supply chain visibility, and compliance with international trade legislation. The market is also impacted by disruptions such as social distancing measures and e-commerce growth, which require organizations to adapt quickly to changing market conditions. The market for trade management software is expected to continue to evolve, with a focus on automating complex processes, improving compliance risk management, and increasing supply chain visibility.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentCloud-basedOn PremiseEnd-userRetail And Consumer GoodsIT And TelecomAutomotiveTransportation And LogisticsOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TELUS transforms legacy telecommunications site into 195 new homes for Nanaimo

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Across Canada, demand for rental housing continues to outpace supply. TELUS Living is helping address this challenge by transforming existing TELUS properties into smart, sustainable homes in communities where new housing is needed most.

NANAIMO, BC, July 23, 2026 /CNW/ — TELUS Living today opened a new 195-home purpose-built rental community in downtown Nanaimo, transforming a former telecommunications property into smart, sustainable housing that helps address one of Canada’s most pressing challenges: increasing rental supply in growing communities. Located at 235 Wallace St, the multi-storey, mixed-use build features 195 purpose-built rental units, providing much-needed housing supply to downtown Nanaimo, while thoughtfully honouring the city’s unique coastal identity and heritage.

The Nanaimo development is part of TELUS’ long-term strategy to repurpose legacy telecommunications infrastructure into purpose-built rental housing as the company modernizes its network and completes the transition from copper to PureFibre technology. The Nanaimo community joins TELUS Living’s growing portfolio of developments that are transforming underutilized TELUS properties into housing across Canada.

“The Nanaimo development represents exactly what TELUS Living stands for by providing purpose-built rental housing tailored to the specific needs of the community it serves. We’ve designed 235 Wallace St with Nanaimo’s unique character in mind, offering a curated lifestyle that blends a climate-conscious, Zero Carbon Design approach with top-tier wellness and smart-tech amenities,” said Manasweeta Bhatia, Vice President of Corporate Real Estate at TELUS. “We shape every TELUS Living project by listening to the community, understanding its unique identity and design needs, and building accordingly. Its central downtown location and proximity to both Vancouver Island University and Nanaimo Regional General Hospital also position it as an ideal home for students, educators, and healthcare workers seeking modern, connected living.”

“More housing and good jobs are a win-win for downtown Nanaimo,” said Sheila Malcolmson, MLA for Nanaimo-Gabriola Island. “Adding to the approximately 1,500 affordable homes our B.C. government has completed and underway in Nanaimo, it’s great to see TELUS stepping up with 195 new units. It’s been great to see hundreds of construction and indirect jobs in town, and I can’t wait to see folks move into their new homes.”

“I’m thrilled to see a new rental option in downtown Nanaimo, and especially excited that this conversion was made with sustainability and active transportation in mind,” said George Anderson, MLA for Nanaimo-Lantzville. “Ensuring everyone can find homes they can afford in the communities they love requires creative approaches, and I hope to see more creativity like this in the future.”

“I’m delighted to celebrate the opening of TELUS Living Nanaimo, a landmark project that strengthens our downtown as a vibrant, inclusive place to live,” said Leonard Krog, Mayor of Nanaimo. “This partnership between the City of Nanaimo, our community, and TELUS demonstrates what’s possible when we work together toward shared goals. The addition of nearly 200 diverse housing options is exactly what our city needs, and we’re excited about the positive impact this will have on our community. TELUS’ commitment to our city and investment in our future will contribute to Nanaimo’s economic and social vitality.”

Situated within walking distance of downtown’s vibrant cafes, eclectic Old City Quarter, the iconic Harbourfront Walkway, and a short transit ride from Vancouver Island University and Nanaimo Regional General Hospital, the development is architecturally designed to blend classic and contemporary exterior elements. Curated for modern living, the community offers an expansive suite of indoor and outdoor social amenities alongside street-level retail and public art contributions.

Project Highlights:

Smart-Enabled Living: Powered by the TELUS PureFibre network, the custom TELUS Living App provides keyless entry, smart climate control, leak detection, parcel notifications, visitor management, and amenity bookings.Social & Wellness Amenities: Features a rooftop deck with an outdoor kitchen, BBQs, and panoramic views, alongside a state-of-the-art fitness centre and resident lounge.Pet & Active Lifestyle Ready: Equipped with a dedicated children’s outdoor play area, outdoor bark park and pet care station, secure underground parking, bike storage and maintenance facilities.Premium Functional Interiors: Studio to three-bedroom layouts include private balconies, individual A/C with Energy Recovery Ventilators (ERVs) for optimal air quality, Samsung SmartThings appliances, and in-suite laundry.Gold-Standard Sustainability: Sets a Vancouver Island benchmark aligned with Zero Carbon Design standards and Salmon-Safe development guidelines that actively protects local ecosystems.

This opening marks a significant milestone in TELUS Living’s mission to transform existing real estate holdings into purpose-built rentals that bridge the housing gap with smart, sustainable, and community-focused developments. As TELUS completes its transition from legacy copper to advanced fibre networks, the company is transforming its historic central offices–which once served as the backbone of B.C.’s phone system–into vibrant, smart, purpose-built rental communities. TELUS Living is breathing new life into these properties to help address Canada’s housing crisis. For more details on TELUS Living Nanaimo or to view available floor plans, please visit telusliving.com/nanaimo.

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 17 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing approximately 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring ‘give where we live’ philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service–earning TELUS the distinction of the world’s most giving company.

For more information, visit telus.com.

For more information, please contact:
Brandi Rees
TELUS Public Relations
brandi.rees@telus.com 

SOURCE TELUS Communications Inc.

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Award-Winning Author Euran Daniels to Deliver Opening Keynote at International Nevus Outreach Conference, Unveiling New $100,000 Global Initiative to Advance CMN Research and Awareness

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ORLANDO, Fla., July 24, 2026 /PRNewswire/ — Award-winning author, entrepreneur, and Congenital Melanocytic Nevus (CMN) advocate Euran S. Daniels will deliver the opening keynote address at the 2026 Nevus Outreach International Conference on Sunday, July 26, 2026, at 1:00 p.m. at the Renaissance Orlando at SeaWorld®.

Launching the conference under this year’s theme, “Amplify,” Daniels will share his personal journey of living with CMN for more than 50 years and challenge attendees to transform awareness into meaningful action through hope, advocacy, and research.

During his keynote, Daniels will unveil a new global initiative aimed at expanding awareness and inspiring greater support for CMN research. The initiative will encourage individuals, healthcare organizations, corporations, and philanthropists to join a collaborative effort to improve the lives of those affected by this rare skin condition.

“For more than fifty years, I’ve lived with a visible mark that became my purpose,” said Daniels. “My hope is that every person leaves this conference believing they can make a difference by amplifying hope, supporting research, and leaving a positive impact on the lives of others.”

CMN is a rare skin condition present at birth that, in its larger forms, affects approximately 1 in every 20,000 births. Individuals living with CMN may face complex medical challenges, including an increased risk of melanoma, multiple surgeries, and the emotional impact of living with a visible difference.

Daniels’ keynote will focus on three powerful messages: You’re Not Alone. Live Your Life. Leave Your Mark.Through his story of resilience and leadership, he hopes to inspire families, advocates, researchers, and community leaders to work together to create greater awareness and opportunity for those living with CMN.

Media are invited to attend the keynote address to learn more about this initiative. 

For more information, visit www.EuranDaniels.com or to support CMN research, visit www.nevus.org/joineuran.

Media Contact:
Media Relations – Fanisha Love (910) 262-3439
Email: info@danielscompany.com
Website: www.EuranDaniels.com

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SOURCE Daniels Company

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Immigration Desk Shares Guidance for Entrepreneurs and Foreign Businesses Planning US Expansion in 2026

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NEWTON, Mass., July 24, 2026 /PRNewswire/ — Immigration Desk is highlighting key immigration considerations for entrepreneurs, investors, and foreign-owned companies looking to establish or expand a presence in the United States, as interest in cross-border growth continues alongside evolving visa procedures and compliance expectations. The firm noted that many business owners plan with a general goal of opening a US office,  only to be met by a system that favors careful planning and documentation. 

Immigration planning often intersects with business planning, with company structure, ownership percentage, funding sources, job roles, and operational timelines influencing the pathways available and evidence required. A viable business plan alone often isn’t enough, and applicants must also meet specific legal definitions tied to visa categories. Those definitions, however, can differ significantly depending on the route pursued.

“Business immigration is not a single form or a single standard,” said Anu Gupta, attorney at Immigration Desk. “Entrepreneurs and foreign businesses often come to the process thinking in terms of growth goals like opening a location, hiring, and launching a product. However, the immigration system asks for detailed proof of role, eligibility, and structure. Planning early helps align those two realities and avoids last-minute surprises.”

Immigration Desk notes that entrepreneurs and foreign businesses typically evaluate options based on the nature of the US activity and the individual’s role. For some, the relevant question is whether a company can transfer an executive, manager, or specialized employee to a US office under an intracompany framework, particularly when the business can document a qualifying relationship between entities.

For others, the analysis may focus on investment-based categories where the applicant is actively directing and developing a US enterprise. In still other cases, founders may explore categories that emphasize extraordinary ability, research-based work, or employer sponsorship, depending on the individual’s background and the company’s needs.

L-1 and E-2 Visas: Pathways for Multinational Companies and Investors

For companies evaluating intracompany transfers, the L-1 visa provides a structured pathway for multinational businesses to bring executives, managers, or employees with specialized knowledge to a U.S. office — including newly established entities. Immigration Desk notes that L-1 cases require careful documentation of the qualifying relationship between the foreign and U.S. companies, as well as a clear demonstration of the applicant’s role and seniority. For new U.S. offices in particular, USCIS applies additional scrutiny to whether the operation is sufficiently established to support the position being petitioned.

The E-2 treaty investor visa offers a separate route for entrepreneurs from qualifying treaty countries who are making a substantial investment in and actively directing a U.S. enterprise. While the E-2 does not require a minimum investment threshold, Immigration Desk emphasizes that the investment must be proportional to the nature of the business and at risk in a commercial sense — factors that require careful structuring and documentation from the outset. Unlike some other business visa categories, the E-2 does not provide a direct path to permanent residency, which means founders relying on it should also plan for long-term status options early in the process.

The firm also points to a recurring challenge for growth-stage companies: staffing. Employer-sponsored visas can involve strict timing, evolving agency practices, and in some categories, annual numerical limits. In recent years, many employers have sought clarity on how to plan around the H-1B cap and lottery cycle, particularly when hiring needs don’t align neatly with government filing windows.

While the H-1B category remains widely used for specialized professional roles, Immigration Desk emphasizes that businesses should treat it as one part of a broader hiring and compliance plan rather than a single solution, especially when role definitions, worksite compliance, and documentation requirements are central to adjudication.

“People often focus on the name of a visa category, but the practical work is in the documentation and the operational reality behind the petition,” Gupta added. “For businesses, that means understanding what the government expects in terms of job duties, business activity, and the evidence that supports eligibility. For entrepreneurs, it can mean clarifying ownership, funding, and what day-to-day leadership looks like in a way that is consistent and well documented.”

Immigration Desk also notes that immigration planning frequently involves risk management. Businesses may need to consider how quickly a US operation must become functional, what happens if timelines shift, and how to maintain continuity if a petition is delayed or requires additional review. For founders, the concerns often include whether a pathway supports both business operations and personal stability, including travel, family planning, and long-term status options.

The firm cautions that immigration outcomes depend on individualized facts and that what works for one company may not apply to another. However, the most consistent problems, like incomplete timelines, inconsistent documentation, unclear roles, and last-minute filings, are completely avoidable. In response to those issues, Immigration Desk encourages business owners to approach US immigration as a phased process that begins with strategy and thorough preparation, with an operational plan for compliance after arrival.

For more information, please refer to the company’s website.

Immigration Desk
704 Walnut Street Newton, MA 02459
1-800-688-7892
https://immigrationdesk.com/
clients@ImmigrationDesk.com 

At Immigration Desk, attorney Anu Gupta and her team have helped thousands of entrepreneurs, investors, and multinational companies navigate complex immigration matters. With more than 40 years of combined experience and over 10,000 immigration cases handled, the firm has developed a reputation for careful preparation and strategic case planning. Whether you are a startup founder, a multinational executive, or an investor seeking to establish a presence in the United States, Immigration Desk can help you determine the most effective immigration strategy for your situation.

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SOURCE Immigration Desk

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