Press release
Emerging Trends to Reshape the SCM Software Market: Home Depot's Centralization Strategy And SCM Software Solutions Enhance Supply Chain Efficiency as a Key Influencer
SCM Software Market Size
SCM Software Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Rapid expansion has been observed in recent years in the market size of SCM software. This market is predicted to rise from $58.5 billion in 2024 to a whopping $64.98 billion in 2025, showing a compound annual growth rate (CAGR) of 11.1%. This surge during the historic period is a result of the growth of emerging markets, a surge in demand for SCM software due to the COVID-19 pandemic, and a rise in internet penetration.
SCM Software Market Size Forecast: What's the Projected Valuation by 2029?
The market size for SCM software is anticipated to experience a significant expansion in the coming years. By 2029, it is forecast to escalate to $96.72 billion, with a compound annual growth rate (CAGR) of 10.5%. This growth during the forecast period can be ascribed to an increase in the usage of cloud computing, an expanding e-commerce sector, and cost efficiencies gained through SCM software. Notable trends for the forecast period comprise the emphasis on artificial intelligence in SCM, product innovation, the concentration on supply-chain technology management in business operations, sustainability solutions, the application of blockchain in supply chain management, the utilisation of digital supply chain twin (DSCT), the employment of 5G technology, continuous intelligence (CI) emphasis, focus on supply chain governance and security, and highlighting partnerships and collaborations.
View the full report here:
https://www.thebusinessresearchcompany.com/report/scm-software-global-market-report
What Are the Drivers Transforming the SCM Software Market?
The intricacies of y's supply chain can be efficiently handled by SCM software. With the globalization of businesses and the surge in competition, supply chains have become increasingly complex. Elements such as supplier quantity, order receipt/completion, diversity in product range, and the volume of information generated have seen significant growth. The utilization of SCM software can alleviate these complexities, resulting in cost and resource efficiency. The pressing need of businesses to maintain their position in an intensely competitive environment is a key growth driver in the SCM software market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3815&type=smp
What Long-Term Trends Will Define the Future of the SCM Software Market?
Previously, each physical location of Home Depot, a leading retailer of home improvement and construction products and services, had its own separate logistics management division to handle replenishment and store management tasks. However, this approach was expensive as each store independently processed replenishment orders to receive necessary materials from suppliers. Recognizing the problem with the decentralized logistics management, Home Depot elected to consolidate these separate departments into a single unit at its corporate headquarters. Utilizing technology and the right supply chain management software solutions, the performance of Home Depot's new centralized inventory and replenishment department was enhanced, leading to improvements in demand forecast accuracy and a reduction in operational costs for replenishment orders.
Which Segments in the SCM Software Market Offer the Most Profit Potential?
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, Healare 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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3815&type=smp
Which Firms Dominate the SCM Software Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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
Purchase the full report :
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3815
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Emerging Trends to Reshape the SCM Software Market: Home Depot's Centralization Strategy And SCM Software Solutions Enhance Supply Chain Efficiency as a Key Influencer here
News-ID: 4108116 • Views: …
More Releases from The Business Research Company
Impact Of Rising Infrastructure Investment On The Market Growth Due To Increasin …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Hydrophilic Swelling Waterstop Market Through 2025?
In recent times, there has been robust growth in the hydrophilic swelling waterstop market size. It is expected to mature from a value of $0.87 billion in 2024 to $0.94 billion in 2025, illustrating a compound…
Emerging Trends to Drive Hot Melt Waterproofing System Market Growth at 7% CAGR …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Hot Melt Waterproofing System Market Size Growth Forecast: What to Expect by 2025?
There has been a substantial expansion in the hot melt waterproofing system market in the last few years. It is projected to rise from $2.34 billion in 2024 to $2.52 billion in 2025, with a compound…
High-Pressure Blasting Service Market: Major Trends Reshaping the Future of the …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the High-Pressure Blasting Service Industry Market Size Be by 2025?
The market size for high pressure blasting services has seen substantial growth in the past few years. The market, which is predicted to rise from a value of $3.18 billion in 2024 to $3.40 billion in 2025,…
Impact Of Rising Construction Activities On The Market Growth Due To Increasing …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
High Performance Plasterboard Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the last few years, there has been a robust expansion of the high performance plasterboard market size. It's predicted to increase from $13.32 billion in 2024 to $14.21 billion in 2025, showcasing a…
More Releases for SCM
Evolving Market Trends In The SCM Software Industry: Home Depot's Centralization …
The SCM Software Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the SCM Software Market Size Expected to Be by 2034?
The demand and size of the SCM software market have surged fast in the past few years. The figures are expected to…
Supply Chain Management Software Market 2023 Industry Trends - E2open, SAP SCM, …
The Global Supply Chain Management Software Market report published by the Fior Markets is an evaluation of the market that focuses on the market's current trend. Porter's five forces model, raw material analysis, SWOT analysis, attractiveness analysis, PESTEL analysis, and competition position grid analysis are all provided in the research report. The report's main aim is to provide an in-depth understanding of the market and assist the user in preparing…
SaaS-Based SCM Market 2021 | Detailed Report
The SaaS-Based SCM research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the SaaS-Based SCM research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
Get Free Sample PDF (including full…
Cloud SCM Market: Technological Revolution Fueling Market Growth
Global Market Insights, Inc.: The Report 2019-2025 Cloud SCM Market Report explores the essential factors of the market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario.
There is a growing awareness of benefits of cloud SCM market and a rising demand for management solutions among enterprises. Various sectors and industries are adopting cloud-based SCM; for instance, in transportation management. Key factors, such as…
Hot Business Topics. SCM (Supply Chain Management)
AuraPortal is the most effective tool for the preparation and delivery of ordered goods and services, tailored to each organization's needs
Woburn (Boston), MA, July 08, 2011 - AuraPortal´s (www.auraportal.com) Workflow, information and collaboration capabilities not only encompass providers and suppliers, but also distributors, sales agents, indirect channels, customers, etc. This creates a cohesive environment in all actions and normalizes the results of the entire supply chain.
AuraPortal BPMS provides an innovative…
PharmaTraining React to Increasing Importance of SCM
Aware of the increasing importance of pharmaceutical supply chain management (SCM) within the industry, PharmaTraining is running a two day SCM workshop, at the Window Conference Venue, Islington, London from the 5th – 6th May 2011.
Standon, Staffordshire, March 23, 2011 -- The trainer for the workshop, Hedley Rees, is an expert in the field of supply chain management and author of ‘Supply Chain Management within the Drug Industry’. Hedley has…
