Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The "Supply Chain Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)" report has been added to ResearchAndMarkets.com's offering.
A comprehensive global industry analysis on the emerging trends and growth prospects within the Supply Chain Management (SCM) marketplace is now available, offering detailed insights into the sector's projected expansion from 2023 to 2030. This research highlights the burgeoning utilization of SCM solutions among small and medium enterprises (SMEs), underpinned by the perks of cost reduction, advanced predictive analytics, and enhanced operational efficiency.
Technological Integration Fuelling Market Growth
The study attests to the rapid technological evolution, citing the integration of AI, ML, automation, and IoT as pivotal in refining production, maintenance, and distribution within SCM. These technological strides promise improved predictive capacities, uninterrupted workflows, and heightened transparency, all converging to propel the market forward.
Hurdles in Market Progress: Security and Privacy Issues
Despite the increasing reliance on cloud-based SCM solutions, concerns about data security and privacy persist. Risks related to information breaches and unauthorized access are posited to challenge market growth, mandating strategic emphasis on cybersecurity within the sector.
Regional Outlook: North America's Dominance and Asia Pacific's Growth Potential
With a deep dive into regional developments, the analysis underscores North America's leading position thanks to its technological prowess and adoption of SCM across diverse industries. However, it is the Asia Pacific region that is tipped to register the highest CAGR, propelled by escalating investments and modernization initiatives.
Competitive Dynamics and Innovations
- The competitive landscape is marked by notable entities such as SAP SE, Oracle, Blue Yonder Group Inc., and others.
- Continuous pursuit of innovation through new product development, strategic mergers, and partnerships remains central to competitive success.
- Recent developments like Korber's collaboration with Vargo, Logility Inc.'s software enhancements, and Kinaxis’s acquisition of MPO reflect the dynamic nature of the market.
The documented findings and foresights are essential for stakeholders and market participants looking to adapt to the evolving landscape of the SCM sector. They provide a lucid understanding of the drivers of growth, prevalent challenges, and the strategic actions influencing market trajectories.
The full report encompasses a wealth of information, ensuring a well-rounded understanding of current trends, future potentials, and actionable strategies within the global supply chain management market.
A selection of companies mentioned in this report includes
- Oracle Corporation
- Anvyl
- ArrowStream
- IBM Corporation
- Infor
- Blue Yonder Group Inc.
- SAP SE
- Logility Inc.
- JAGGAER
- Magaya Corporation
- Manhattan Associates
- Basware Corporation
- Blue Ridge Global
For more information about this report visit https://www.researchandmarkets.com/r/1j9tiv
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