|05-16-2019 10:51 AM CET - Logistics & Transport||
South America Supply Chain Management Market Analysis by Top Regional Industry Players like Logility, Tecsys Inc., LogiTag Systems , Walmart, Cisco, Intel Corporation, Descartes Systems Group and Infor
Press release from: P&S Intelligence
South America supply chain management market is expected to reach $3.7 billion by 2023, according to P&S Intelligence.
Growth in e-commerce industry, need for greater supply chain visibility, and surge in demand planning solutions are the major factors driving the market growth.
Based on component, the supply chain management market in South America has been categorized into software, hardware, and services. The software category held the majority share in the market, accounting 67% share in 2017, and is expected to witness a CAGR of 7.6%, during the forecast period. The major factor attributing to its largest share in the market is the increasing need to make the supply chains as transparent as possible in order to increase customer satisfaction.
Request to Get the Sample Report@ www.psmarketresearch.com/market-analysis/south-america-su...
In terms of delivery mode, on-premise mode in the supply chain management market in the region held a higher revenue share in 2017 and is expected to maintain its lead, during the forecast period. Compliance issues with cloud SCM is a major factor for the deployment of on-premise delivery mode. Companies often regulate storage of critical information on the cloud due to security concern associated with the cloud.
Moreover, if the company has already invested heavily in its on-premise solution, it will be reluctant to invest in cloud solution. On the other hand, the cloud-based delivery mode is expected to witness a CAGR of 14.0% during the forecast period. This growth will be mainly led by the capacity of cloud-based to offer ease of deployment and cost-effective solutions.
During the forecast period, Brazil is projected to record largest revenue in the South American market, reaching $1.2 billion by 2023, buoyed by increasing e-commerce sector in Brazil. Transportation and logistics industry is one of the major contributors to the growth of the supply chain management market in Brazil due to rising development of warehouses to meet the growth of e-commerce market. However, poor transport infrastructure and lack of government spending on the infrastructure development are expected to hinder the growth of the market in Brazil.
Explore Full Report Description At@ www.psmarketresearch.com/market-analysis/south-america-su...
With the increase in smartphone ownership, internet penetration, and the rise in middle-class population, South America recorded a boom in its e-commerce industry in recent years. The industry growth is also propelled by improvement in the delivery of goods as well as the payment infrastructure. The growth in e-commerce industry, coupled with express delivery of products, led to higher demand for SCM solutions in the regio
International Business Machines (IBM) Corporation, Kinaxis Inc., and Oracle Corporation, were the major companies that exhibited client wins for their supply chain solutions and services. SAP SE, and JDA Software Group Inc. entered into collaboration with several companies to offer enhanced SCM planning solutions.
Some of the other key players operating in the South America supply chain management market are Logility Inc., TECSYS Inc., LogiTag Systems, Walmart Inc., Cisco Systems Inc., Intel Corporation, The Descartes Systems Group Inc., and Infor Inc.
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Toll-free: +1-888-778-7886 (USA/Canada)
This release was published on openPR.
News-ID: 1741597 • Views: 382More releases