Supply Chain Management Market:
Growth opportunities in the Supply Chain Management Market look promising over the next six years. This is mainly due to persistent growth in eCommerce, rapid digitalization, and assistance to keep pace with technological advancements.
Supply Chain Management Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the major drivers responsible for the growth of the supply chain management market include the augmenting demand for greater clarity and unambiguity along with the ongoing expansion in the eCommerce sector and the surging acquision of cloud supply chain handling among the small and medium enterprises. Insufficient visibility and transparency is bringing about challenges to meet the challenges of the supply chain. In addition, companies are facing difficulty in keeping up with technological modernizations and transformations in the digital world. These factors together have supplemented the market growth. This software is primarily is intended to improve and intensify their operations in the corporations by administering the inventory, sourcing, production, transportation, and the management of product’s product. Moreover, it imparts greater perceptibility to companies with a cross-functional approach and offers exception-based process management platforms. The escalating implication of blockchain technology with the increasing amount of data generation has made it more safe, reliable, and transparent. However, the aggravating apprehension towards safety and security will hamper the market growth. Furthermore, a lack of awareness about these management tools may further curb supply chain management market growth.
Organization Size Segment Drivers
Based on the organization size, small and medium-sized enterprises are projected to witness a higher CAGR during the forecast period. This is primarily attributed to the rising preference to invest in cloud-based solutions rather than investing in on-premise networking solutions as they are more flexible and affordable. The magnifying acquisition of the pay-as-you-go model to oversee the IT infrastructure as per the specific need is propelling the market growth. Customers are increasingly seeking effective customer data protection and economical solution in order to gain a competitive advantage.
Regional Drivers
Based on the regional coverage, North America is projected to lead the market during the forecast period. This is mainly because of their higher adoption, continuous technological expansions, and the aggravating emphasis on supply chain functions, including fulfilments, warehousing, production, and transportation management.
Supply Chain Management Market’s leading Manufacturers:
- Körber AG
- Kinaxis
- THE DESCARTES SYSTEMS GROUP INC.
- IBM Corporation
- SAP SE
- Blue Yonder Group, Inc.
- Manhattan Associates
- American Software, Inc.
- Infor
- Oracle
Supply Chain Management Market Segmentation:
Segmentation by Component
- Hardware
- Software
- Services
Segmentation by Deployment Mode
- Cloud
- On-Premise
Segmentation by Organization Size
- Small and Medium-sized enterprises
- Large enterprises
Segmentation by Vertical
- Retail and Ecommerce
- Healthcare
- Manufacturing
- Automotive
- Transportation and Logistics
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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