Digital Supply Chain Market Extensive Demand in Upcoming Years and Forecast To 2031

The global digital supply chain market size was US$ 4446.9 million in 2021. The global digital supply chain market size is forecast to reach US$ 13,680 million by 2030, growing at a compound annual growth rate (CAGR) of 13.5% during the forecast period from 2022 to 2030.

A digital supply chain is a series of processes that use advanced technologies and better insights into the functions of each stakeholder along the chain to help each participant make better decisions about the materials they need, the demand for their products, and the relationships between them.

The first step toward integrating legacy supply chains is integrating demand planning, asset management, warehouse management, transportation and logistics management, procurement, and order fulfillment. In addition to mining data from those processes, true digitization of a supply chain also entails instrumenting the equipment that generates the data.

Factors Influencing Market Growth

Factors driving the global digital supply chain market include an increase in demand for fast, effective, and reliable order execution, a rise in cloud-based supply chain management solutions, and increased use of industrial-grade digital technology.Download free sample of this report :-https://www.quadintel.com/request-sample/digital-supply-chain-market/QI040

Concerns about security in the digital supply chain may impact the global market growth.

The proliferation of Supply Chain 4.0 and the digital transformation trend will create lucrative opportunities for global market growth.

Impact Analysis of COVID-19

The COVID-19 pandemic has significantly increased the market growth as a result of the shift towards digitization. There is an increasing demand for online shopping in several areas, which requires food & beverage, manufacturing, and logistics companies to invest more in automation, including supply chain automation.

It has driven the digital supply chain market growth. As a result of this outbreak, many industries are affected, and managing the complex supply chain networks would be challenging, which has increased the demand for digital supply chains.

Regional Insights

North America led the digital supply chain industry. The increase in investment in emerging technologies such as Internet of Things (IoT), artificial intelligence (AI), augmented reality, virtual reality, 5G networks, digital twins, robotics & automation, autonomous cars, and drones are driving the growth of the digital supply chain market in this region.

Asia-Pacific is forecast to grow at the fastest rate during the forecast period. As a result of strong economic growth and the ongoing development of the services sector, businesses invest heavily in digital supply chain solutions to sustain their growth and improve productivity.

In addition, factors like increased smartphone penetration, increased cloud deployment among small and medium businesses, and the ongoing modernization of manufacturing and construction industries drive heavy investment in digital supply chains in emerging countries like India, China, and Australia.

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Leading Competitors

The leading prominent companies profiled in the global digital supply chain market are:

Cloudera, Incorporated
IBM Corporation
Infor
MicroStrategy Incorporated
Oracle Corporation
SAP SE
SAS Institute Incorporated
Software AG
Tableau Software
TIBCO Software Incorporated
Other Prominent Players

Scope of the Report

The global digital supply chain market segmentation focuses on Component, Organization Size, Industry Vertical, and Region.

Segmentation based on Component

Solution
Service

Segmentation based on Organization Size

Large Enterprises
Small- & Medium-sized enterprises

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Segmentation based on Industry Vertical

Retail & Consumer Goods
Healthcare & Pharmaceuticals
Manufacturing
Food & Beverages
Transportation & Logistics
Automotive
Others

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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