ARC study: Global trade management programs to grow 10% a year

Driven by changing trade regulations and globalization, the worldwide market for global trade management applications is expected to rise at a compounded annual growth rate of 10.1 percent over the next five years, according to a study released Wednesday.

The market was $503 million in 2007 and is forecasted to be $814 million in 2012, said the new study by the consulting company ARC Advisory Group. The report is available at www.arcweb.com/res/gtm.

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, said 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: American Shipper