Global Supply Chain Management (SCM) Market Report, Industry Analysis and Forecast to 2029

The global supply chain management market was valued at USD 18.62 billion in 2021 and is projected to reach USD 52.65 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period 2022-2029.

Supply chain management (SCM) is the management of the flow of goods and services including all processes that transform raw materials into final products between businesses and locations. This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfillment from the point of origin to the point of consumption. Supply Chain Management practice draws heavily on industrial engineering, systems engineering, operations management, logistics, procurement, information technology and marketing and strives for an integrated, multidisciplinary and multimethod approach.

There are different types of SCM solutions used in various industries such as transportation management system, warehouse management system, supply chain planning and sourcing & procurement software among others. Additionally, there are different deployment models for these solutions which can be on - premise or cloud based for different user types such as small and medium enterprises and large enterprises. This report emphasizes the type of solutions and their deployment model in different regions and countries over the forecast period.

Global Supply Chain Management Market Overview

Advancement in Industrial - grade digital technology, increase in inclination towards cloud - based supply management software and rise in need for improved supply chain visibility majorly contributes towards the supply chain management market growth. However, lack of IT infrastructure in the underdeveloped nations and increased security and privacy concerns hamper the growth of the supply chain management software market.

Supply Chain Management Market Dynamics

The current estimation of 2029 is projected to be higher than the pre - covid estimates. This is attributed to the rapid growth in demand for supply chain management software due to supply chain disruptions triggered by the covid -19 pandemic. In addition, there is a huge demand for online shopping in various areas, which requires food and beverage, manufacturing and logistics companies to increase their investment in automation, including the automation of supply chains fueling the growth of supply chain management industry.

According to a survey conducted by "Institute of Supply Chain Management Organization" in March 2020, almost 75% of companies reported global supply chain management disruptions in one form or other due to coronavirus related transportation restrictions and it is further expected to increase in the upcoming time.

Additionally, surge in demand management solutions among enterprises and increase in adoption of SCM softwares in healthcare and pharmaceutical companies further boosts the growth of the SCM market.

High cost associated with the implementation and maintenance of SCM solutions is expected to impede the supply chain management market growth.

Supply Chain Management Market Report Outlook

The Supply Chain Management market report focuses on different aspects regarding the solution type of Supply Chain Management solution, and by different user types across different industry verticals. The research analyzes the different types of SCM solutions, and user types in order to obtain a better understanding regarding the growth and trends of the market since 2020 which also facilitates the estimation of the upcoming growth of the market in the forecasted period.

Supply Chain Management Market Competitive Landscape

The report also holds competitive analysis which can be used to differentiate different types of SCM solutions, technologies used in the solutions; prices; innovation in R&D; organic and inorganic growth strategies; financial analysis to determine the revenue generation and other key aspects of the finance; new partnership, joint ventures, collaborations, and acquisitions; market share of the top competitors in the market; and understand the growth strategies being undertaken by these major players to analyze the future market trends.

Strategic partnerships among market participants like logistic service providers, warehouse service providers and transportation service providers are providing SCM software vendors with more opportunities for introducing new products and expanding their market foothold. In June 2020, Epicor Software Corporation partnered with ETQ to promote business growth. This partnership provides a solution for mid - market enterprises with complete and adaptable end to end capabilities.

Other major players holding prominent shares in the supply chain management market include High jump, Infor, International Business Machines Corporation, JDA Software Group among others. There are several regional and local players in this market across the globe which are contributing towards the revenue growth of the market and thus expected to flourish with new launches and expansion in the upcoming years.

Supply Chain Management Market Regional Analysis

The market synopsis will also cover the regional dynamics and growth prospects which would include regions- North America, Asia Pacific, Europe, Latin America, Middle East and Africa. These regions will be analyzed per country on the basis of market drivers, restraints, opportunities, and trends to get a closer view of the market studied.

North America accounted for the major market revenue share in 2021 and is estimated to dominate the market during the forecast period. The presence of a huge number of adopters of such software in the region and the fact that the region is advancing technologically contribute to the market growth. The presence of major key players such as IBM, Microsoft, Telus International, and Infor, among others operating in the region, is another key factor contributing to market growth.

Asia Pacific is anticipated to register the highest growth during the forecast period. The growth of the market in the region is attributed to growing opportunities in the region along with various investments made in Supply Chain Management.

Supply Chain Management Market In-depth Analysis Aspects

To mention certain other aspects which will include the Porter Five Forces, Pricing analysis, PESTEL Analysis, Export-Import data, and Industry Value Chain will also bind the analysis of the report.

Research Methodology

The study period of the market is considered to be 10 years (2021-2030) which will be analyzed through the two major research techniques – Primary and Secondary Research methods. The primary research method includes the interviews of the key personnel in the industry considered as the industry experts, major distributors, suppliers, and consumer base sample survey to understand the direct perspective of the market. Additionally, this data is backed by the secondary research method which includes company overview through websites, annual reports, SEC filings, investor presentations, news, and databases. The growth trends are always measured on the basis of current and past scenarios considering any recent news which can dramatically impact the growth rate of the market studied. Moreover, the consumption forecast depends on the company’s upcoming plans and revenue generation aspects.

Benefits of The Report

• The report is designed to understand the past, present and future market scenarios considering all the growth, restraining, and other factors influencing the market studied.
• The report is designed with the assistance of the industry experts for better understanding on the market studied
• The market is analyzed with in-depth study of the company’s view on the market considering the present economic, political, social, geographical, and legal factors.
• To gain a clear insight for better future perspective of the market studied in 360-degree synopsis.
• Understand the competition in the market being a part of the market or a new entrant in the market.
• Analyze the different aspects in different geographies influencing the growth of the market through a diverse consumer base.