Farmington, May 08, 2023 (GLOBE NEWSWIRE) -- The Global Supply Chain Management Software Market size reached US$ 15.8 Billion in 2022. The market expects to reach US$ 33.9 Billion by 2030, exhibiting a growth rate (CAGR) of 12.6% during 2022-2030. The study examines the scale and growth potential of the global supply chain management market, as well as factors that may impede its expansion. The study provides a Porter's five forces analysis of the global SCM market forecast to determine the impact of a vast array of factors, such as the bargaining power of suppliers, the competitive pressure of competitors, the threat of new entrants, the threat of substitutes, and the bargaining power of buyers, on the global supply system management market trends.
Request Sample Copy of Report “Supply Chain Management Software (SCMS) Market Size, Share & Trends Estimation Reports By Type Outlook (On-premises, Cloud Based), By Application Outlook (Small and Medium-sized Enterprises, Large Enterprises), By Solution Type Outlook (Transportation Management System, Warehouse Management System, Supply Chain Planning, Procurement and Sourcing, Manufacturing Execution System), By Industry Vertical Outlook (Retail and Consumer Goods, Healthcare and Pharmaceuticals, Manufacturing, Food and Beverages, Transportation and Logistics, Automotive, Others), By Region and Forecasts, 2022-2030.”, published by Contrive Datum Insights.
Segmentation Overview:
Type Outlook:
The on-premises segment accounted for the largest market share in 2022. The cloud-based segment is expected to experience significant growth at CAGR during the forecast period. Companies are adopting cloud-based solutions for greater adaptability and flexibility in the supply chain process. It also offers various benefits, such as increased processing capabilities, storage, cost-effective pricing structures, and a reduction in operational overhead. These benefits are fueling market growth.
Organization Size Outlook:
The growth can be attributed to increased demand for constant monitoring systems and automation features such as advanced shipment notification management, customizable notifications, in-transit status updates, user-configurable dashboards, and visual supply chain maps in numerous large-sized industries. SCM also provides access to precise real-time freight analytics and the flexibility to generate reports enabling large enterprises to make better business decisions such as supply planning, inventory planning, and distribution planning, among others. The market is growing due to a considerable increase in the requirement for software in large enterprises to collect essential business data such as inventory volumes, expected sales data, supplier details, and others.
Regional Analysis:
North America is estimated to hold a significant share in the global supply chain management software industry during the forecast period. This growth can be attributed to the presence of leading supply chain management software manufacturers in the region. Also an important factor is the increasing implementation of this software technology by governments and major regional manufacturers in key industries such as transportation and logistics sectors in key industries such as railways, aviation, etc. market growth. Additionally, increasing implementation of SCM software in the retail sector is also a major factor contributing to the growth of the industry in the region.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 12.6% from 2023 to 2030. |
| Revenue Forecast by 2030 | US$ 33.9 Billion |
| By Type |
|
| By Application |
|
| By Solution Type |
|
| By Industry Vertical |
|
| By Companies |
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| Regions and Countries Covered |
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| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Market Dynamics:
Drivers & Challenges:
The growth of the supply network management software market is due in large part to the launch of supply network visibility and event management. A big trend in the supply network management software market is the growing need for fleet management in the logistics services business. This is expected to have a positive effect in the coming years. The high cost of entry and the fact that open-source software is available will be major problems for the supply network management software business over the next few years.
Key Segments Covered:
Top Market Players:
- Blue Yonder Group Inc. (Panasonic Holdings Corporation)
- Epicor Software Corporation
- Infor Inc. (Koch Industries Inc.)
- International Business Machines Corporation
- Kinaxis Inc.
- Körber AG
- Manhattan Associates
- Oracle Corporation
- SAP SE and The Descartes Systems Group Inc.
By Type
- On-premises
- Cloud base
By Application
- Small and Medium-sized Enterprises
- Large Enterprises
By Industries
- Government
- Healthcare
- Retail
- Manufacturing
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.
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