Supply Chain Management Software Market Future Looks Bright for Big Revenues as Market Size Expands | Manhattan Associates, Epicor Software Corporation, The Descartes Systems Group

Supply chain management (SCM) software facilitates the activities of the entire supply chain. SCM software is used in supply chain transactions and helps to manage supplier relationships and business processes. In addition, it provides accurate information and an end to end view of supply chain processes. It integrates the organization and supply chain together into a single system, and helps end users oversee areas such as warehousing, purchasing, marketing, sales, shipping, and others, which help enterprises to make efficient business decisions.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

The growth of the global SCM software market is driven by advancements in industrial-grade digital technology, increase in inclination towards cloud-based supply chain management software, and rise in need for improved supply chain visibility. However, lack of IT infrastructure in the underdeveloped nations and increase in security & privacy concerns are expected to impede the market growth. On the contrary, upsurge in demand for transportation management systems (TMS) software and growth in trend Internet of Things (IoT) are expected to present major opportunities for market expansion in the near future.

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The global supply chain management (SCM) software market is segmented on the basis of deployment model, user type, industry vertical, product, and region. Based on deployment model, the market is divided into on-premise and cloud based. By user type, it is bifurcated into small & medium sized enterprises (SMEs) and large enterprises. Depending on industry vertical, it is fragmented into consumer goods, healthcare & pharmaceuticals, retail, manufacturing, food & beverages, transportation & logistics, and others. According to product, it is classified into transportation management system, warehouse management system, supply chain planning, procurement software, and manufacturing execution system. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global supply chain management software market and current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
Porter's Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global supply chain management software market from 2016 to 2023 is provided to determine the market potential.

KEY MARKET PLAYERS

SAP
Oracle Corporation
JDA Software Group, Inc.
Infor
Manhattan Associates
Epicor Software Corporation
The Descartes Systems Group Inc.
HighJump
Kinaxis Inc.
IBM Corporation

KEY MARKET SEGMENTS

BY DEPLOYMENT MODEL

On-premise
Cloud Based

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BY USER TYPE

Small & Medium Sized Enterprises (SMEs)
Large Enterprises

BY INDUSTRY VERTICAL

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

BY PRODUCT

Transportation Management System
Warehouse Management System
Supply Chain Planning
Procurement Software
Manufacturing Execution System

BY REGION

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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