Global Supply Chain Management Market to Grow From USD 31.11 Bn in 2023 to USD 62.18 Bn by 2030 at 10.4 % CAGR - "supply chain management forecast"

►Opening Paragraph

According to a new report by Maximize Market Research, the global supply chain management market was valued at USD 31.11 billion in 2023 and is projected to reach USD 62.18 billion by 2030, growing at a CAGR of 10.4 % during 2024-2030.

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►Key Highlights:

Market size & CAGR: USD 31.11 Bn in 2023; expected to reach USD 62.18 Bn by 2030 with a CAGR of 10.4 %.

Leading segment (Component): Software segment dominated in 2023.

Leading enterprise-size segment: SMEs held the largest share in 2023.

Largest region: North America held the highest market share in 2023.

Key drivers & trends: Rising adoption of digital tools that leverage high volumes of data, real-time connectivity, and cross-organizational collaboration.

Top companies: SAP SE; Oracle Corporation; JDA Software (Blue Yonder); Infor; Manhattan Associates; Epicor Software Corporation; The Descartes Systems Group Inc.; HighJump; Kinaxis Inc.

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►Body Content

Market Outlook
The global supply chain management market is poised for substantial growth, expanding from USD 31.11 Bn in 2023 to USD 62.18 Bn by 2030 at a CAGR of 10.4 %. This growth trajectory underscores increasing investments in SCM technologies. The software component leads, as organizations embrace digital tools for data integration and real-time logistics visibility. The SME segment also shows strong uptake, supported by digital enablement initiatives.

Regional Insights
North America dominates the SCM market, supported by advanced infrastructure and steep digital adoption. Other regions remain underserved but present notable future opportunity as emerging economies invest in SCM platforms.

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Key Players
The competitive landscape is led by major players such as SAP SE, Oracle Corporation, Blue Yonder (formerly JDA Software), Infor, Manhattan Associates, Epicor, Descartes, HighJump, and Kinaxis. These companies are delivering a broad range of SCM solutions-from planning and analytics to logistics and execution.

Drivers, Restraints & Trends
Digital transformation remains the primary driver, as SCM software connects stakeholders across supply chains in real time. Security and privacy concerns, particularly for cloud-based SCM systems, remain key restraints. Trends favor AI, IoT, and analytics-driven SCM, enhancing transparency and operational agility.

For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-supply-chain-management-market/93915/

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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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