Press release
Global Supply Chain Management Market Projected to Reach US$ 56.53 Billion by 2029
Supply Chain Management Market
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Report Scope:
Our latest report on the Supply Chain Management Market provides comprehensive insights into market dynamics, including drivers, restraints, and regional insights. With detailed segmentation based on deployment type, component, enterprise size, and verticals, the report offers valuable insights for industry stakeholders.
Research Methodology:
The report incorporates a robust research methodology, including analysis of the impact of the COVID-19 pandemic on market dynamics. Through a combination of primary and secondary research, alongside advanced analytical tools, we provide accurate forecasts and actionable insights to support informed decision-making.
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Market Drivers:
Increased Demand for Visibility: The need for increased visibility and transparency in supply chain data and processes is driving the adoption of SCM solutions, enabling businesses to better prevent and detect disruptions and inventory imbalances.
Rising E-Commerce: The strong growth in e-commerce is fueling demand for efficient supply chain management solutions to meet the demands of online retail and logistics.
Cloud Adoption: The increasing acceptance of cloud-based SCM among SMEs, coupled with advancements in technologies like AI and ML, is driving innovation and adoption in the SCM market.
Market Restraints:
Security Concerns: Enterprises using cloud-based SCM face security and privacy concerns, particularly with multitenant architecture, posing challenges to market growth.
Limited Awareness: Limited awareness of SCM tools, particularly among healthcare providers, hampers the adoption of advanced SCM solutions, necessitating increased training and education on SCM principles.
Regional Insights:
North American Dominance: North America holds the largest market share, driven by increased expenditure on logistics and transportation, and the adoption of SCM solutions in transportation management.
European Growth: Europe is experiencing rapid growth, fueled by new EU regulations and investments in R&D for energy-efficient lighting solutions.
Asia Pacific Potential: Asia Pacific is expected to witness significant growth, driven by increased infrastructure growth and widespread adoption of SCM in industries such as automotive and electronics.
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Supply Chain Management Market Segmentation:
by Component
Hardware
Software
Services
Component-wise, the Software category dominated in 2022 and is anticipated to hold a by 2029. Digital tools that connect resources (people and machines) in real-time, use massive volumes of data from many sources, and use social media for collaboration can now be used to manage the flow of commodities.
by Organization Size Type
On-premises
Cloud
In 2022, the cloud segment held the highest share based on the type of deployment. Cloud computing is growing rapidly to enable not only collaborative transportation management solutions but also other areas of transportation management like event management, network capacity sourcing, full visibility, and freight payment and auditing. Cloud-based business analytics and manufacturing data can be used to reduce manufacturing cycle times, which enhances supply chain management.
by Enterprise size
SMEs
Large enterprises
The SME segment dominated the market in 2022 and is predicted to hold a by 2029, based on Enterprise size. Growing numbers of government efforts through global digital SME campaigns are predicted to stimulate the expansion of small and medium-sized businesses. The market for supply chain analytics is predicted to be driven by SMEs' use of IT to offer digital services across various business channels.
by Verticals
FMCG
Retail and eCommerce
Healthcare
Manufacturing
Automotive
Transportation and Logistics
Others
Real-time supply chain insight becomes essential for the FMCG supply chain's successful execution and unexpected cost avoidance based on verticals. Inventory management systems are also necessary for this industry since they let end users maintain control over their stock levels and schedule timely delivery. FMCG distributors run the danger of losing goods if they don't practice strict warehouse management.
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Supply Chain Management Market Key Players:
1. SAP SE
2. Oracle Corporation
3. JDA Software Group, Inc.
4. Infor
5. Manhattan Associates
6. Epicor Software Corporation
7. The Descartes Systems Group Inc.
8. HighJump
9. Kinaxis Inc.
10. IBM Corporation
11. Top of Form
12. E2open, LLC
13. Descartes Systems Group
14. WiseTech Global
15. Jaggaer
16. Kewill Systems
17. DassaultSystemes
18. Vanguard Software
19. Amadeus
20. Coupa Software
21. Blue yonder
22. Verizon connect
23. BluJay Solutions
24. SPS Commerce Inc.
Table of content for the Supply Chain Management Market includes:
Global Supply Chain Management Market: Research Methodology
Global Supply Chain Management Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Supply Chain Management Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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Key Offerings:
A detailed Market Overview
Market Share, Size, and Forecast by Revenue
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation- A detailed analysis of each segment and their segments
Competitive Landscape - Leading key players and other prominent key players.
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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