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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.
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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.
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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
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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
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