Press release
SCM Software Market: Emerging Trends, Leading Players, and Growth Prospects
SCM Software Market
SCM software's rising demand enables clear visibility and effective management of the modern supply chain, driving the market's exponential growth.
What Is The Projected Market Size Of The Global SCM Software Market And Its Growth Rate?
• The SCM software market size is expected to grow from $58.5 billion in 2024 to $64.98 billion in 2025 at a CAGR of 11.1%.
• Rapid growth is predicted over the next few years, with the market projected to reach $96.72 billion by 2029, growing at a CAGR of 10.5%.
What Is Driving The Growth In The SCM Software Market?
The complexity of modern-day supply chains is driving the demand for SCM software. As businesses go global and competition intensifies, supply chains, characterized by numerous suppliers, orders, product offerings, and vast quantities of data, are becoming increasingly complicated. SCM software can effectively manage these complexities and yield cost and resource savings. The urge for companies to remain relevant in amidst intense competition also impels the growth of the SCM software market.
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Who Are the Key Players Driving SCM Software Market Growth?
• SAP SE
• Oracle Corporation
• Panasonic Corporation
• Koch Industries
• Coupa Software Inc
• Kinaxis Inc.
• Manhattan Associates
• E2open LLC
• WiseTech Global
• JDA Software Group Inc
• Epicor Software Corporation
• Kewill Systems
• BluJay Solutions
• Dassault Systèmes SE
• Vanguard Software Corporation
• IBM Corporation
• Blue Yonder
• Verizon connect
• Infor
• Descartes Systems Group
• GT Nexus
• High Jump
• IFS
• SPS Commerce, Inc
• Pronto Cargo Logistics & Supply Chain
• Fox Brazil
• Imexlog Logistica Aduaneira Perfect Solutions
• Vendorful
• Smart Software
• OdooTecxii
• AxolonERP
• Trackmatic
What Are The Key Trends In The SCM Software Market?
• A focus on artificial intelligence in SCM
• Product innovations
• Supply-chain technology management in business operations
• Sustainability solutions
• Use of blockchain in supply chain management
• Use of digital supply-chain twin (DSCT)
• Use of 5G technology
• Focus on continuous intelligence (CI)
• Focus on supply chain governance and security
• Focus on partnerships and collaborations
What Are The Segments Of The Global SCM Software Market?
1. By Product: Transportation Management System, Warehouse Management System, Supply Chain Planning, Procurement Software, Manufacturing Execution System
2. By Industrial Vertical: Consumer Goods, Healthcare And Pharmaceuticals, Food And Beverages, Transportation And Logistics, Other Industrial Verticals
3. By User Type: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
Which Region Leads The SCM Software Market?
Asia-Pacific held the largest market share for the SCM software market in 2024, followed by North America. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The SCM Software Market Global Market Report?
- Market Size Analysis: Analyze the SCM Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the SCM Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall SCM Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the SCM Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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