Global SCM Software Market Projected to Surpass $96.72 Billion by 2029 with 10.5% Annual Growth

What combination of drivers is leading to accelerated growth in the scm software market?
Software for Supply Chain Management (SCM) is capable of regulating the intricacies of today's advanced supply chains. As firms continue their expansion into international markets and face intensifying competition, their supply chains have become increasingly multifaceted. Factors such as a growing number of suppliers, orders executed or received, a diverse array of products, and significant data generation have all contributed to these complexities. However, SCM software can help to curtail these complexities while also providing savings in terms of cost and resources. The impetus for companies to maintain their relevance in a fiercely competitive market serves as a key driving force for the development in the SCM software market.

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What is the projected compound annual growth rate (CAGR) of the scm software market from 2025 to 2034, and what factors influence it?
The market for SCM software has experienced swift expansion over the past few years. The market's projected growth is from $58.5 billion in 2024 to $64.98 billion in 2025, showcasing a compound annual growth rate (CAGR) of 11.1%. Factors such as the development of emerging markets, a surge in SCM software demand because of COVID-19, and higher internet accessibility have contributed to its growth during the historical period.

Significant expansion is anticipated in the SCM software market over the upcoming years, with projections estimating it to attain a value of $96.72 billion by 2029, indicating a compound annual growth rate (CAGR) of 10.5%. The predicted growth during this period can be credited to factors such as increasing adoption of cloud computing, the expansion of the e-commerce sector and the money-saving benefits of SCM software. The forecast period is expected to witness emphasis on the incorporation of artificial intelligence in SCM, product innovations, prioritizing supply-chain technology in business operations, sustainable solutions, and blockchain utilization in supply chain management. Other notable trends include the implementation of digital supply chain twin (DSCT), 5G technology adoption, continuous intelligence (CI) emphasis, increased attention to supply chain governance and security, as well as a focus on strategic partnerships and collaborations.

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What trends are poised to drive the future success of the scm software market?
Previously, Home Depot, a major retailer selling home improvement and construction products and services, had individual logistics management units in each of its physical stores to handle replenishment and store management tasks. This was an expensive approach, as each store had to individually process orders for replenishment from suppliers. Upon identifying that the scattered logistics management was a key issue, Home Depot opted to consolidate these separate departments into a single unit located in its corporate headquarters. Leveraging technology and the right SCM software solutions, the performance of Home Depot's new unified inventory and replenishment department significantly improved, enhancing the precision of demand forecasts and reducing operational costs related to replenishment orders.

What are the major segments of the scm software market and their role in driving growth?
The SCM software market covered in this report is segmented -

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

Subsegments:
1) By Transportation Management System (TMS): Route Optimization Software, Freight Management Systems, Carrier Management Tools
2) By Warehouse Management System (WMS): Inventory Management Software, Order Fulfillment Systems, Labor Management Tools
3) By Supply Chain Planning: Demand Planning Software, Supply Planning Tools, Sales And Operations Planning (S&OP) Solutions
4) By Procurement Software: Supplier Management Systems, E-Sourcing Tools, Contract Management Solutions
5) By Manufacturing Execution System (MES): Production Tracking Software, Quality Management Systems, Shop Floor Control Tools

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Which regions are key players in the growth of the scm software market?
Asia-Pacific was the largest region in the supply chain management SCM software market in 2024. North America was the second largest region of the global supply chain management SCM software market share. The regions covered in the SCM software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the key firms paving the way for growth in the scm software market?
Major companies operating in the SCM software market include 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

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What Is Covered In The SCM Software Global Market Report?

• Market Size Forecast: Examine the scm software market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the scm software market for a structured understanding.
• Key Players Overview: Analyze major players in the scm software market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the scm software market.
• Segment Contributions: Evaluate how different segments drive overall growth in the scm software market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the scm software market.
• Industry Challenges: Identify potential risks and obstacles affecting the scm software market.
• Competitive Landscape: Review strategic developments in the scm software market, including expansions, agreements, and new product launches.

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