Supply Chain Management Software Market Overview
The global Supply Chain Management (SCM) Software Market was valued at USD 31.19 billion in 2023, with the market expected to grow at a compound annual growth rate (CAGR) of 9.3% during the forecast period.
Supply Chain Management Software Market Analysis
The Supply Chain Management Software Market report offers an in-depth analysis of the competitive landscape, highlighting key players, their market share, and company profiles. It provides a complete evaluation of the market, with insights into the factors driving growth variations across different regions.
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Market Scope
This study leverages a wide range of secondary sources, including directories, databases, annual reports, press releases, journals, and corporate websites, to gather relevant data for analysis.
Market Drivers
Businesses are increasingly adopting innovative strategies in response to heightened competition, focusing on customer retention, competitor growth, and addressing the risks of commoditization. One of the major shifts is the growing use of the internet for online sales, driven by increased global internet penetration and eCommerce activity. This trend is fueling the demand for cloud-based SCM systems, enabling companies to develop comprehensive plans for end-to-end business models.
Moreover, the COVID-19 pandemic significantly reshaped supply chains and labor markets, increasing the demand for certain products while reducing it for others. For instance, according to the U.S. Census Bureau, food store sales rose by 13.2% year-over-year in April 2020, whereas apparel sales plummeted by 89.2%. Similarly, Eurostat reported a 1.2% increase in sales of food, beverages, and tobacco across the EU during the same period, contrasted by a 23.8% decline in non-food sales.
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Market Segmentation
By Component
By Deployment Mode
By Organization Size
- Small and Medium Enterprises (SMEs)
- Large Enterprises
By Verticals
- FMCG
- Retail and eCommerce
- Healthcare
- Manufacturing
- Automotive
- Transportation and Logistics
- Others
Key Players in the Market
- SAP
- Oracle
- Infor
- Descartes
- Manhattan Associates
- IBM
- Logility
- Kinaxis
- Blue Yonder
- Körber
- Coupa
- Epicor
- BluJay
- OMP
- E2open
- JAGGAER
- Zycus
- GEP
- Tive
- Freightify
- 4TiGo
- Trukky
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Regional Analysis
The report also includes a regional analysis of market influences, examining current and future trends to evaluate market potential. It provides insights into regional variations in growth, identifying profitable trends for a stronger market foothold.
Key Questions Answered
- What are the main growth drivers in the global market?
- What are the major challenges affecting market growth?
- Which region is expected to dominate the market during the forecast period?
- What is the projected market size and growth rate?
About Maximize Market Research
Maximize Market Research is a global market research and business consulting firm, offering insights and strategic solutions to a broad range of industries including IT & telecom, chemical, food & beverage, aerospace & defense, and healthcare. As a trusted partner to Fortune 500 companies, we provide growth-driven research and market analysis.
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Website: Maximize Market Research
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