Brooklyn, New York, Aug. 26, 2022 (GLOBE NEWSWIRE) -- Reports and Insights has published a new report titled, “Supply Chain Management Market: Opportunity Analysis and Future Assessment 2020-2030” analyzed By Component (Hardware, Software, Services), By Deployment Mode (On-premises, Cloud), By Organization Size (SMEs, Large enterprises), By Verticals (FMCG, Retail and eCommerce, Healthcare, Manufacturing, Automotive, Transportation and Logistics, Others (Construction, Oil and Gas, Aerospace and Defense, and Agriculture)) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2030. The research examines current market trends, macroeconomic factors, regional analysis in-depth, as well as market attractiveness by segment. The market research provides SWOT analysis of competitors comprising extraneous environment assessment and PEST study. In addition, the market analysis offers business approaches for handling with COVID-19 impact on the market.
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Supply Chain Management Introduction
Supply chain management can be understood as the administration of the flow of goods and services and comprises all processes that alter and modify raw materials into finished products. It comprises the active rationalization of a business's supply-side proceedings to augment customer value and attain a competitive advantage across the global markets.
Supply chain management is considered crucial as through appropriately administering the supply chain, organizations have the potential to cut off additional and excess costs and supply products to the consumer quicker. A superior supply chain management keeps organizations out of the news flashes and away from pricey lawsuits and recalls.
Supply Chain Management Market Dynamics
One of the major factors that is primarily propelling the demand of supply chain management is rapidly growing demand for increased transparency and visibility for end-consumers in supply chain processes and data. Owing to which, the global supply chain management market is projected to grow expeditiously in the following years. Additionally, the rapid evolution of e-commerce in the present times is also estimated to leave a positive impact on the market growth over the forecast period.
Moreover, the growing acceptance of cloud supply chain management across SMEs worldwide and improving business coherence by cutting off potential failures is further projected to contribute tremendously in the future market growth of SCM.
Furthermore, rapid developments and upgrades in technologies are bringing evolution to the supply chain industry as well as incorporation of AI competencies with SCM presentations are likely to offer lucrative opportunities for SCM vendors in the coming years.
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Supply Chain Management Market Segmentation
The global supply chain management market is segmented on the basis of component, deployment mode, organization size, verticals, and region.
By Component
Hardware
Software
Services
By Deployment Mode
On-premises
Cloud
By Organization Size
SMEs
Large enterprises
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By Verticals
FMCG
Retail and E-Commerce
Healthcare
Manufacturing
Automotive
Transportation and Logistics
Others (Construction, Oil and Gas, Aerospace and Defense, and Agriculture)
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Supply Chain Management Market Key Players
The key participating players of the global supply chain management market include SAP SE, Oracle, The Descartes Systems Group, Infor, IBM, Manhattan Associates, and Logility among others.
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