Supply Chain Management (SCM) Market Size, Share, Industry Trend, Top Key Players 2027

global Supply Chain Management (SCM) market size is projected to grow from USD 28.9 billion in 2022 to USD 45.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period. The key factors driving the market include increasing adoption of barcode and RFID related technologies, and developments in artificial intelligence delivery systems.

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Large enterprises segment to hold a larger market size during the forecast period

Adoption of SCM solutions and services in large enterprises is high due to increasing adoption of cloud and on-premises deployments, and this trend is expected to continue during the forecast period. Large companies are increasing their investment in advanced technology solutions to improve productivity and efficiency across their business. As the amount of data grows, large companies must regularly invest in IT infrastructure and technical know-how to automate various tasks. To reduce CAPEX and OPEX of infrastructure, large enterprises make extensive use of cloud SCM solutions and services.

Among hardware, barcodes and barcode scanners to capture a higher market share

Barcodes are used to encode information about products such as serial number, product number and lot number. Each product has a unique barcode. These barcodes enable manufacturers to track and identify their products, improve and streamline receiving, packing, shipping, and delivery processes, and track carriers, retailers, and hospitals. Once the product reaches its destination, it plays an important role in SCM as the order can be automatically matched instantly by scanning the barcode quickly. The benefits of barcodes such as increased accuracy and speed, reduced operating and administrative costs, reduced capital expenditures, improved inventory management, product control, and auditing are gaining popularity, making barcodes and barcode scanners a popular choice across multiple industries like manufacturing, FMCG, retail, e-commerce, etc.

Asia Pacific (APAC) to grow at the highest CAGR during the forecast period

The trend of mergers and acquisitions within the logistics and supply chain industry is gaining momentum in Asia Pacific, according to supply chain experts, to develop economies of scale and improve digitalization through technological advancements as well as geographical and vertical diversification. One of the main drivers of SCM software and services in the region is the growing trend among Asia Pacific businesses toward leaner, more agile supply chains with end-to-end visibility. The rise of the Asia Pacific region is being fueled by an increase of SME suppliers as well as technological advancements in India, China, Japan, and Australia.

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Key Players

The report includes the study of the key players offering SCM solutions and services. It profiles Key vendors in the global SCM market, including SAP (Germany), Oracle (US), Infor (US), Descartes (Canada), Manhattan Associates (US), IBM (US), Logility (US), Kinaxis (Canada), Blue Yonder (US), Körber (US), Coupa (US), Epicor (US), BluJay (US), OMP (US), E2open (US), JAGGAER (US), Zycus (US), and GEP (US).

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