Supply Chain Management Software (SCM) Market Size, Share, Industry Overview, Forecast 2023-2028
The global supply chain management software market size reached US$ 15.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.9 Billion by 2028, exhibiting a growth rate (CAGR) of 12.6% during 2023-2028.
What is Supply Chain Management Software (SCM)?
Supply chain management software refers to a specialized computer program designed to streamline and optimize the various processes involved in controlling the flow of goods and services from the point of origin to the point of consumption. It encompasses a wide range of activities, including procurement, production, inventory management, logistics, and distribution. This software provides businesses with the tools and capabilities to enhance visibility, efficiency, and collaboration across their entire supply chain network. It also enables companies to make more informed decisions, reduce costs, minimize inventory holding, improve customer service, and gain a competitive edge in a dynamic business environment.
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Supply Chain Management Software Market Trends and Drivers:
At present, the rapid globalization of businesses and the expansion of international trade are resulting in increasingly complex and geographically dispersed supply chains. As a result, companies are seeking advanced software solutions to gain enhanced visibility and control over their global supply chain networks. Moreover, the rise of e-commerce and the growing customer expectations for faster, more accurate deliveries are compelling organizations to adopt robust supply chain management software to improve order fulfillment and last-mile delivery capabilities. Besides this, the increasing focus on sustainability and environmental responsibility is prompting companies to incorporate eco-friendly practices into their supply chain operations, which is propelling the growth of the market.
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Who are the Key Players Operating in the Industry?
- Blue Yonder Group Inc. (Panasonic Holdings Corporation)
- Epicor Software Corporation
- Infor Inc. (Koch Industries Inc.)
- International Business Machines Corporation
- Kinaxis Inc.
- Korber AG
- Manhattan Associates
- Oracle Corporation
- SAP SE
- The Descartes Systems Group Inc.
The report has segmented the market on the basis of solution type, deployment mode, organisation size and industry vertical.
Breakup by Solution Type:
- Transportation Management System
- Warehouse Management System
- Supply Chain Planning
- Procurement and Sourcing
- Manufacturing Execution System
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Organisation Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Industry Vertical:
- Retail and Consumer Goods
- Healthcare and Pharmaceuticals
- Manufacturing
- Food and Beverages
- Transportation and Logistics
- Automotive
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance
- Market Outlook
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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