Supply Chain Management Software Market To Reach US$ 50.0 Billion by 2032 | CAGR of 11.1%

The global supply chain management software market size reached US$ 18.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.0 Billion by 2032, exhibiting a growth rate (CAGR) of 11.1% during 2024-2032.

The growing application in small and medium-sized enterprises (SMEs), increasing adoption in the e-commerce industry, and rising employment in the healthcare sector to manage medical supply distribution represent some of the key factors driving the market.

Key Trends/Drivers affecting the growth of the global Supply Chain Management Software Market

At present, the escalating demand for specialized sports watches among athletes and outdoor enthusiasts that offer features like a global positioning system (GPS), heart rate monitoring, altimeters, and barometers to support various activities, such as running and hiking, represents one of the key factors supporting the growth of the market. Besides this, the increasing need for watches to check the time during working hours without distractions is strengthening the market growth. Additionally, there is a rise in the demand for water-resistant watches with extended battery life among individuals for performing underwater activities. This, coupled with increasing preferences for luxury watches on account of inflating income levels of individuals, is propelling the market growth. Moreover, the growing demand for smartwatches, as they offer health and fitness tracking features, such as step counting, oxygen and blood pressure monitoring, calorie counting, and sleep tracking, that benefit individuals stay healthy and achieve their wellness goals, along with the rising awareness about the importance of maintaining a healthy body among people, is positively influencing the market. In line with this, the increasing focus on watches manufactured from sustainable and eco-friendly materials that align with sustainability goals is contributing to the market growth. Furthermore, the rising demand for customized and personalized watches to provide an attractive and unique look to people is offering lucrative growth opportunities to industry investors. Apart from this, the increasing utilization of watches for gifting purposes on special occasions is bolstering the market growth. In addition, the wide availability of watches through online and offline distribution channels across the globe, along with the rising demand for innovative watches due to changing preferences of individuals is impelling the market growth.

Request a Sample Copy of Report: https://www.imarcgroup.com/supply-chain-management-software-market/requestsample

About the Supply Chain Management Software Industry:

A watch is a compact device that is typically worn on the wrist and serves the fundamental purpose of displaying the time. It comprises analog, digital, smart, chronograph, luxury, and pilot watches that are available in various styles, designs, and functions, catering to diverse preferences and needs. It is manufactured from several materials, such as stainless steel, leather, rubber, fabric, ceramics, gold, and platinum. It is also worn as a fashion accessory that complements the style and outfit of individuals and enhances their overall appearance. It is cost-effective, reliable, portable, comfortable, and easy to use and can withstand wear and tear. It allows individuals to manage their daily schedules, appointments, and activities efficiently. It also enables people to further customize their timepieces to suit different occasions and preferences. Besides this, it assists in providing instant access to the current time and reducing the need to check a smartphone or other devices constantly during meetings and social gatherings. As it is beneficial in offering enhanced durability and reduces the need for frequent maintenance costs, the demand for the watch is rising around the world.

Supply Chain Management Software Market Report Segmentation:

The report is organized into distinct sections as follows:

Solution Type Insights:

• Transportation Management System
• Warehouse Management System
• Supply Chain Planning
• Procurement and Sourcing
• Manufacturing Execution System

Deployment Mode Insights:

• On-premises
• Cloud-based

Organization Size Insights:

• Small and Medium-sized Enterprises
• Large Enterprises

Industry Vertical Insights:

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

Regional Insights:

• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

North America (the United States and Canada) was the largest market for supply chain management software.

Leading Companies Operating in the Supply Chain Management Software Industry:

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

Other Key Points Covered in the Report:

• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

Browse latest Reports:

• https://www.einnews.com/pr_news/628535516/with-cagr-of-5-7-sanitary-ware-market-size-2023-industry-growth-rate-top-manufacturers-global-report-2028

• https://www.einnews.com/pr_news/628533936/wood-coating-market-size-2023-industry-growth-rate-cagr-of-5-89-top-companies-global-report-2028

• https://www.einnews.com/pr_news/644031800/advanced-packaging-market-2023-2028-share-revenue-industry-trends-growth-11-2-and-forecast

• https://www.einnews.com/pr_news/644034922/hydrogen-fuel-cell-vehicle-market-growth-45-11-2023-industry-size-top-players-demand-analysis-global-report-2028

• https://www.einnews.com/pr_news/644166605/wood-coating-market-growth-rate-2023-size-top-brands-industry-outlook-global-report-till-2028

• https://www.einnews.com/pr_news/644173477/paints-and-coatings-market-2023-industry-overview-size-growth-business-opportunity-forecast-report-2028

Contact US

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.