Supply Chain Management Solutions (Software and Services) Market Expected to Reach US$ 32,908.2 Mn by 2026
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Exponential Expansion in E-Commerce Industry is driving the Global Supply Chain Management Solutions (Software and Services) Market
Expansion in the e-commerce industry along with rapid delivery of goods in order to gain competitive advantage have led to high demand for supply chain management solutions (software and services) systems. This, in turn, offers opportunities for key vendors to develop solutions focusing on the retail or e-commerce industries. For instance, Vinculum Solutions, an India based company, focuses on delivering solutions (Vin e-Retail WMS) and products specific to the retail industry. The company’s solutions support easy order delivery; last mile delivery; and integration with manufacturers, logistics companies, and web stores such as Amazon, Flipkart, eBay, Lazada, and Snapdeal.
Online sales channels are becoming more complex and are encouraging manufacturing businesses to adopt supply chain management solutions (software and services) software. This is expected to propel the supply chain management solutions (software and services) market in the coming years. Emergence of e-commerce has led to rise in adoption of supply chain management solutions (software and services) solutions. The e-commerce industry is offering new opportunities to companies such as FedEx in the area of logistics.
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Supply Chain Management Solutions (Software and Services) Market: Scope of the Report
The supply chain management solutions (software and services) market can be segmented based on deployment, industry, and enterprise size. According to the research study, the global supply chain management solutions (software and services) market is dominated by the food & beverage industry, which held a significant market share in 2016. This is due to rise in requirement for and higher adoption of supply chain management solutions (software and services) in the food & beverage sector across the world. The food & beverage industry is increasingly adopting supply chain management solutions (software and services) to understand changing consumer preferences, minimize risks, and reduce costs, which leads to improved productivity of businesses. Further, industries such as transportation & logistics, automotive, and industrial are also showing high growth in this market. In terms of deployment, the on-premise segment held a prominent market share in 2016 and is expected to continue its dominance over the forecast period.
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