Driven by ever changing trade regulations and globalization, the worldwide market for global trade management (GTM) applications is expected to grow at a compounded annual growth rate of 10.1 percent over the next five years. The market was $503m in 2007 and is forecasted to be $814m in 2012, according to a new ARC Advisory Group study.
"This is an interesting market where the growth of ERP suppliers with GTM solutions does not come at the expense of certain types of best of breed suppliers," according to Steve Banker, service director of supply chain management, and the principal author of ARC's Global Trade Management Worldwide Outlook: Market Analysis and Forecast Through 2012.
Source: ARC Advisory Group, http://www.arcweb.com
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