Supply Chain Management Software Market was valued at US$ 28.54 Bn in 2022. The Global Supply Chain Management Software Market size is estimated to grow at a CAGR of 9.3% over the forecast period.
Supply Chain Management Software Market Overview:
The Supply Chain Management Software Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Supply Chain Management Software Market, as well as the causes for variances in the industry’s growth in various places.
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Supply Chain Management Software Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Supply Chain Management Software Market Drivers:
Businesses are incorporating strategic innovations into their own business models as a result of the increased competition among them to address issues including client retention, an increase in competitors, and the commoditization of threats. The adoption of the Internet for client online sales has been prompted by these difficulties for businesses. Globally, businesses have a very high Internet penetration rate, which has increased the number of eCommerce participants. This surge will probably accelerate the expansion of online sales, which will accelerate the global market for cloud SCM. By implementing the cloud-based SCM system, the businesses are creating extensive plans to supply end-to-end business models.
In addition, COVID-19 significantly altered labour conditions and supply chains and increased demand for particular goods. For instance, the Census Bureau reports that while food shop sales climbed by 13.2% in April 2020 year over year in the United States, clothes retailer sales decreased by 89.2%. According to Eurostat, sales of food, beverages, and tobacco climbed by 1.2% in the EU in April 2020, but sales of non-food items decreased by 23.8% year over year.
The ongoing demand for comprehensive software to handle the intricate supply chain network is what propels the market for supply chain management software. Small and medium-sized businesses are rapidly growing their operations abroad. A great need is being created for software solutions that can handle product and information flow in real-time as a result of the increased complexity in supply chain management brought on by such corporate growth. Software for supply chain management is expected to be adopted even more quickly thanks to cloud computing. A significant number of brick-and-mortar stores are moving toward e-retailing as a result of omnichannel retailing, which has resulted in an increase in the usage of warehouse management software (WMS).
Supply Chain Management Software Market Segmentation:
by Component
Hardware
Software
Services
by Deployment Mode
On-premises
Cloud
by Organisation Size
SMEs
Large enterprises
by Verticals
FMCG
Retail and eCommerce
Healthcare
Manufacturing
Automotive
Transportation and Logistics
Others
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Supply Chain Management Software Market Key Players: The key players are
1. SAP
2. Oracle
3. Infor
4. Descartes
5. Manhattan Associates
6.IBM
7. Logility
8. Kinaxis
9. Blue Yonder
10. Körber
11. Coupa
12. Epicor
13. BluJay
14. OMP
15. E2open
16. JAGGAER
17. Zycus
18. GEP
19. Tive
20. Freightify
21. 4TiGo
22. Trukky
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Supply Chain Management Software Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Supply Chain Management Software Market Report are:
- Which sub-segment had the largest share in the Supply Chain Management Software Market?
- How is the competitive landscape of the Supply Chain Management Software Market in 2023?
- Which are the key drivers impacting the Supply Chain Management Software Market growth?
- Which region holds the maximum share in the Supply Chain Management Software Market?
- What will be the CAGR of the Supply Chain Management Software Market during the forecast period (2023-2029)?
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