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Trade Management Software Market to Grow by USD 1.36 Billion from 2025-2029, Driven by Supply Chain Efficiency Needs, AI Powering Market Evolution – Technavio

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NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global trade management software market size is estimated to grow by USD 1.36 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 11.4%  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, 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..

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Trade Management Software Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 11.4%

Market growth 2025-2029

USD 1359.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.3

Regional analysis

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

Performing market contribution

North America at 35%

Key countries

US, UK, China, Canada, Japan, Germany, France, India, Brazil, and Italy

Key companies profiled

Acme Trade Group Pty Ltd., AEB SE, Aptean, 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.

Market Driver

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.

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Segment Overview 

This trade management software market report extensively covers market segmentation by  

DeploymentCloud-basedOn PremisesEnd-userRetail And Consumer GoodsIT And TelecomAutomotiveTransportation And LogisticsOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle 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.

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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 PremisesEnd-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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DEFSEC Ships New BLISS (“Battlespace Laser Identification Sensor System”) To U.S. Army Yuma Test Center

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OTTAWA, ON, April 29, 2026 /PRNewswire/ – DEFSEC Technologies Inc. (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCW) (“DEFSEC” or the “Company”) today confirmed that it has now shipped two new networked BLISSTM systems to the United States Army Yuma Test Center (US Army YTC) for test and evaluation.

The BLISSTM shipment today to the US Army YTC follows delivery of an earlier version, called BLDS (Battlefield Laser Detection System) to the U.S. Army last year for testing and trial activity.  BLISSTM is an enhanced, networked version of BLDS as the next step in the evolution of the Company’s technology roadmap for battlespace laser detection and intelligence.

The patent-pending BLISSTM system alerts operators to laser activity across the battlespace, providing critical early warning and valuable seconds to assess, evade, defend, and deploy countermeasures. Miniaturized BLISSTM sensors can be mounted on vehicles and fixed infrastructure, or worn on personnel, to affordably blanket a battlespace with sensors for enhanced survivability and situational awareness and battlespace intelligence in contested environments.  It transforms laser warning into shared, actionable battlespace information.

Beyond real-time detection, BLISSTM incorporates enhanced laser pulse signature capture and analysis to help identify the source, intent, and affiliation of detected emissions.  By enabling users to distinguish among known signatures, the system supports faster, more informed tactical decisions.

“The BLISSTM system shipped today to Yuma for US Army testing represents a major step forward in tactical-edge force protection and actionable battlespace intelligence for commanders,” said Sean Homuth, President and CEO. “This capability will provide operators with critical time, better information, and a meaningful operational advantage against laser-enabled threats, including those seen in current Middle East conflicts.”

DEFSEC expects to brief domestic and foreign delegations on its BLISS product at Canada’s upcoming annual defence and security show, “CANSEC”, May 27 and 28, 2026, in Ottawa.

About DEFSEC

DEFSEC (TSXV: DFSC) (TSXV: DFSC.WT.U) (NASDAQ: DFSC) (NASDAQ: DFSCSW) (FSE: 62UA) develops and commercializes breakthrough next-generation tactical systems for military and security forces. The company’s current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons. Other DEFSEC products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK. The company also has a new proprietary less-lethal product line branded PARA SHOTTM with applications across all segments of the non-lethal market, including law enforcement. The Company is headquartered in Ottawa, Canada.

For more information, please visit https://www.defsectec.com

Forward-Looking Statements

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of Canadian and United States securities laws (collectively, “forward-looking statements”), which may be identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “have sight of”, “believe”, or “continue”, the description of “optimism”, ” momentum” or “interest”,  the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking statements contain these terms and phrases. Forward-looking statements are provided for the purpose of assisting the reader in understanding us, our business, operations, prospects and risks at a point in time in the context of historical and possible future developments and therefore the reader is cautioned that such information may not be appropriate for other purposes. Such forward-looking statements are based on the current expectations of DEFSEC’s management and are based on assumptions and subject to risks and uncertainties that are documented in detail in the Company’s public filings. Forward-looking statements included in this include, but are not limited to: management’s belief of sufficiency of available financial resources to support forecasted activities in 2026 based on cash on hand, anticipated revenue streams and planned expenditures in the fiscal year, subject to execution of the Company’s operating plan and other risks and factors described  in its public filings; interest in DEFSEC LightningTM, BLISSTM or other products and services as well as timing of full implementation or commercial release thereof; the Company’s estimates of increases to annualized gross margin on a go-forward basis and extent thereof, if any; the stage of scaled production for the PARA SHOTTM technology into new training cartridges and timing of release thereof; and management’s belief that its extensive customer base of law enforcement agencies for ARWEN throughout North America is a ready market for its new products like PARA SHOTTM as well as DEFSEC LightningTM.

Although DEFSEC’s management believes that the assumptions underlying such forward-looking statements are reasonable, they may prove to be incorrect. The forward-looking statements discussed in this news release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting DEFSEC, including DEFSEC’s inability to execute on its current operating plan and/or fiscal 2026 forecasted activities, DEFSEC’s inability to secure contracts and subcontracts (on the timelines, size and scale expected or at all), statements of work and orders for its products in fiscal 2026 and onwards for reasons beyond its control, the renewal or extension of agreements beyond their original term, the granting of patents applied for by DEFSEC, inability to finance the scale up to full commercial production levels for its physical products, inability to secure key partnership agreements to facilitate the outsourcing and logistics for its ARWEN® and PARA SHOTTM products, inability to commercialize DEFSEC’s Battlespace Laser Identification Sensor System (BLISS), inability to secure or complete the execution of government contracts, inability to drive growth in DEFSEC’s ARWEN® product line, inability to advance the commercialization of DEFSEC’s PARA SHOTTM products, delay or inability to launch DEFSEC’s Lightning SaaS offering, lower than expected or delayed demand for DEFSEC’s BLISS, overall interest in DEFSEC’s products being lower than anticipated or expected; general economic and stock market conditions; a stagnation or decrease in North American defense and public safety spending, adverse industry events; future legislative and regulatory developments in Canada, the United States and elsewhere; the inability of DEFSEC to implement and execute its business strategies; risks and uncertainties detailed from time to time in DEFSEC’s filings with the Canadian Security Administrators and the United States Securities and Exchange Commission, and many other factors beyond the control of DEFSEC. Although DEFSEC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and DEFSEC undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its respective Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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SOURCE DEFSEC Technologies Inc

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SPX Cooling Tech Unveils the Marley® OlympusMAX™ Fluid Cooler

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Maximum Capacity. Trusted Performance.

OVERLAND PARK, Kan., April 29, 2026 /PRNewswire/ — SPX Cooling Tech, LLC announced the launch of the Marley® OlympusMAX™ Fluid Cooler, engineered to deliver unmatched performance, efficiency and design flexibility for mission-critical facilities. Designed to meet the evolving demands of data centers, industrial plants and high-density cooling applications, the OlympusMAX Fluid Cooler sets a new benchmark in dry and adiabatic cooling technology.

Built on a century of heat rejection expertise, the OlympusMAX Fluid Cooler brings a new level of performance in dry and adiabatic cooling.  It is available in both adiabatic and dry configurations. The bolt-on adiabatic module can be factory or field installed—or even installed after the equipment is operational in order to provide maximum flexibility in response to changing conditions and site demands.

As global data center density continues to expand, operators are increasingly seeking cooling solutions that balance performance, energy use, water use and operational flexibility. “OlympusMAX reflects our commitment to advancing cooling technology to support the evolving demands of mission-critical facilities,” said Dustan Atkinson, Director of Product Management for SPX Cooling Tech. “By offering scalable dry and adiabatic performance, engineered flexibility and streamlined installation, we’re helping facilities meet increasingly challenging demands while maintaining efficiency and long-term reliability.”

At the heart of the OlympusMAX adiabatic module is a patent-pending recirculating adiabatic design that significantly reduces blowdown, minimizing unnecessary water discharge while improving system efficiency. Unlike traditional once-through or spray systems, the unit’s recirculation technology delivers more uniform water flow across the pad – improving saturation efficiency, extending pad life and reducing mineral accumulation on critical components. The result is more predictable energy and water consumption – a critical advantage for performance-sensitive environments such as hyperscale data centers.

Engineered for uptime, the OlympusMAX features high-efficiency Marley Geareducer® gear drives, robust construction materials and integrated component redundancy, including mission-critical fan and VFD systems. With unit options ranging from 120 to 240 horsepower, the design maximizes cooling capacity per square foot, delivering industry-leading heat rejection density.

Installation and serviceability were key priorities in the system’s development. Each unit ships with a factory-assembled electrical access platform, single-point wiring connection, VFDs and PLC controls pre-installed, and full-size access doors with internal walkways. These features streamline installation while enabling safer operation and easier maintenance.

The launch underscores SPX Cooling Tech’s mission to provide flexible, high-efficiency heat rejection solutions across its full portfolio including dry coolers, adiabatic coolers, evaporative coolers, and cooling towers, ensuring customers have a single-supplier solution tailored to their operational strategy.

About SPX Cooling Tech, LLC
SPX Cooling Tech is a leading global manufacturer of cooling towers, fluid coolers, adiabatic and dry cooling systems, evaporative condensers, industrial evaporators and OEM aftermarket parts from brands that include Marley®, Recold® and SGS Refrigeration. Since 1922, our brands’ cooling systems, components and technical services have supported applications in heating, ventilation and air conditioning (HVAC), refrigeration, and industrial process cooling. SPX Cooling Tech and its product brands are part of SPX Technologies, Inc. For more information see www.spxcooling.com.

About SPX Corporation
SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Technologies has approximately 4,700 employees in 16 countries and is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com.

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SOURCE SPX Cooling Technologies

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AMTD’s TGE Reports Full Year Results with 27.7% Increase in Revenue, with 25.5% Increase in Total Assets and 9.1% Increase in Net Assets

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PARIS and LONDON and NEW YORK, April 29, 2026 /PRNewswire/ — The Generation Essentials Group (“TGE” or the “Company”) (NYSE: TGE, LSE; TGE), a NYSE and LSE dual-listed company and a subsidiary of AMTD Group Inc., today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission, with summary highlights below:

Total Revenue increased by 27.7% from US$77.0 million to US$98.3 millionTotal non-GAAP Net Income increased by 3.2% from US$44.7 million to US$46.2 million Total Assets amounted to US$1,464.1 million (US$30.2/share)Net asset value amounted to US$839.1 million (US$17.3/share)

The annual report is available on the Company’s investor relations website at  http://thegenerationalessentials.com. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to Investor Relations Office at ir@tge.media.

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L’Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: ir@tge.media

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SOURCE The Generation Essentials Group

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