Global Supply Chain Management Market is valued approximately at USD 15.85 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.2% over the forecast period 2020-2027. Supply Chain Management Software is a real-time analytical platform, and is used to execute supply chain transactions, managing supplier relationship and controlling associated business processes. This software manages the flow of products and various kinds of information across the supply chain network as well as strengthens the supply chain operations of any organization. This software is used in wide range of application such as transportation & logistics, manufacturing, healthcare & pharmaceuticals, retail & consumer goods, food & beverages, automotive and others. Factors such as development of industrial-grade digital technology, surge in need for improved supply chain visibility as well as demand management solutions among enterprises and increase in inclination towards cloud-based supply chain management software are the few factors responsible for growth of the market over the forecast period. Furthermore, the introduction of products and services along with other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 08th January 2019, SAP SE launched intelligent supply chain for assets customer initiative. This solution will improve the quality of intelligence enterprise solutions by integrating demand, maintenance and supply planning. However, high cost associated with the implementation and maintenance of SCM solution and increase in security & privacy concerns among enterprises is the major factor restraining the growth of global Supply Chain Management market during the forecast period.
The regional analysis of global Supply Chain Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the rise in spending on transportation & logistics, which is boosting the implementation of automation technologies in logistics and supply chain. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
JDA Software Group, Inc.
Epicor Software Corporation
The Descartes Systems Group Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Solution Type:
Transportation Management System
Warehouse Management System
Sourcing & Procurement
Supply Chain Planning
Manufacturing Execution System
By User Type:
Small & Medium Enterprises
Retail & Consumer Goods
Healthcare & Pharmaceuticals
Food & Beverages
Transportation & Logistics
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Supply Chain Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers