Supply Chain Management Software Market is Booming and Poised To Hit US$ 33.9 Billion by 2028

IMARC Group, a leading market research company, has recently releases report titled "Supply Chain Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" the global supply chain management software market size reached US$ 15.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.9 Billion by 2028, exhibiting a growth rate (CAGR) of 12.6% during 2023-2028.

What is Supply Chain Management Software Market?

Supply chain management (SCM) software refers to a platform, program, or suite of tools employed for overseeing the flow of data, goods, and finances within an organization. It encompasses functions such as demand forecasting, order processing, collaboration, supplier and warehouse management, logistics, and security solutions. SCM software offers benefits such as cost reduction, improved compliance, risk mitigation, process automation, increased efficiency, and enhanced visibility, communication, and customer service. Consequently, it finds extensive adoption in various sectors, including automotive, manufacturing, logistics, e-commerce, healthcare, transportation, and retail, on a global scale.

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Supply Chain Management Software Market Trends and Drivers:

The market is primarily being driven by the increasing awareness of the benefits offered by supply chain management software solutions. Additionally, the widespread adoption of SCM software within the e-commerce industry, for purposes such as order tracking, vendor relationship management, operational synchronization, and automated purchasing and inventory management, is significantly contributing to market growth. Moreover, the expanding utilization of SCM software in the healthcare sector to optimize the distribution of medical supplies, control costs, reduce waste, and monitor inventory is another major factor fueling growth. Furthermore, the integration of artificial intelligence (AI) and the internet of things (IoT) into SCM software, aimed at enhancing operational efficiency, reducing fuel consumption, and improving customer satisfaction, is providing a further boost to market expansion. Additionally, the growing demand for SCM software among small and medium-sized enterprises (SMEs), as well as its increasing use within the aviation industry for passenger logistics, aircraft management, and crew supervision, is creating a favorable market outlook on a global scale.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Blue Yonder Group Inc. (Panasonic Holdings Corporation)
• Epicor Software Corporation, Infor Inc. (Koch Industries Inc.)
• International Business Machines Corporation
• Kinaxis Inc.
• Korber AG
• Manhattan Associates
• Oracle Corporation
• SAP SE and The Descartes Systems Group Inc.

The report has segmented the market on the basis of solution type, deployment mode, organisation size and industry vertical.

Breakup by Solution Type:
• Transportation Management System
• Warehouse Management System
• Supply Chain Planning
• Procurement and Sourcing
• Manufacturing Execution System

Breakup by Deployment Mode:
• On-premises
• Cloud-based

Breakup by Organisation Size:
• Small and Medium-sized Enterprises
• Large Enterprises

Breakup by Industry Vertical:
• Retail and Consumer Goods
• Healthcare and Pharmaceuticals
• Manufacturing
• Food and Beverages
• Transportation and Logistics
• Automotive
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.