Independent analyst firm ARC Advisory Group has positioned SAP as the market share leader in “Global Trade Compliance Systems Worldwide Market Research Study — Market Analysis and Forecast Through 2023.”
Global Trade Compliance Market Share Leader
SAP announced that independent analyst firm ARC Advisory Group has positioned SAP as the market share leader in “Global Trade Compliance Systems Worldwide Market Research Study — Market Analysis and Forecast Through 2023.”
Founded in 1986, ARC Advisory Group is the leading technology research and advisory firm for industry, infrastructure, and cities. ARC stands apart due to our in-depth coverage of both operational technologies (OT) and engineering technologies (ET) and associated business trends. Their analysts and consultants have the industry knowledge and the first-hand experience to help their clients find the best answers to the complex business issues facing organisations today. They provide their technology supplier clients with strategic market research, and help their end user clients develop appropriate adoption strategies and select the best technology solutions for their needs.
“How effectively organisations manage global trade in today’s rapidly changing environment will directly impact a company’s success,” said Martin Naraschewski, SAP general manager and global head of line of business Finance & Risk. “The SAP Global Trade Services (SAP GTS) application provides the platform necessary to allow organisations to scale globally yet remain nimble and compliant regionally.”
Ranked Number One
The report ranked SAP number one overall, based on revenues. SAP was named leader in select categories, such as Tier 1 companies, EMEA and Asia geographical regions, and industries including chemicals, electronics and electrical, food and beverage, oil and gas, pharmaceutical and biotech, and retail. “SAP’s GTC solution, SAP GTS, enables enterprises to automate and streamline complex import and export processes to ensure full regulatory compliance, expedite customs clearance, take full advantage of international trade agreements and mitigate the financial risk of global transactions,” wrote Clint Reiser, ARC director of Supply Chain Research.