Advancement in Technology and Disruption in Supply Chain Due to Pandemic is Creating Increasing Demand of Supply Chain Management Solutions

Companies are increasingly adopting industrial - grade digital technology due to the disruption in their supply chain during the lockdown pertaining to covid -19. Pandemic has made organizations realize the need and urgency to optimize their supply chain to minimize cost, reduce inventory and improve asset utilization. Advanced technologies in supply chain management aims at improving visibility across the end-to-end supply chain and reduces the vulnerability due to external disturbances. Improved visibility in SCM will facilitate organizations to become more connected with the complete supply chain network. Moreover, in recent times, it is becoming crucial for industries and organizations to use data analytics to analyze the exponential amount of data generated and to find actionable insights from the data.

COVID-19 outbreak is expected to have an impact on the growth of the various end-user industries (excluding the pharmaceutical industry) in the short term. However, the impact is temporary, and the supply chain management market (SCM) is anticipated to show considerable growth during the forecast period.

According to Marketlook Consulting’ research report “Global Supply Chain Management Market Analysis, 2021”, the Supply Chain Management market is anticipated to grow at a CAGR 10.5% during 2022-29. The market would reach to USD 52.65 Million by 2029.

Based on solution type, procurement and sourcing segment acquired the significant market share 2021. Procurement and sourcing segment aims at acquiring the required supplies at the lowest possible prices. It focuses on lowering prices, improving quality and achieving efficiency on a regional as well as global level.

“Global Supply Chain Management Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Supply Chain Management solution providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

North America Dominated the Market

Based on Leading regions, North America dominated the global supply management market in 2021 and is projected to maintain its dominance during the forecasted period 2022-2029 due to the huge number of adopters of SCM software in the region and the fact that the region is advancing technologically to 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, are projected to fuel the demand for Supply Chain Management solutions in the forthcoming period as stated in Marketlook Consulting research report “Supply Chain Management Market Analysis, 2021”. 

According to Marketlook Consulting’, the key players with a considerable market share in the global Supply Chain Management market are Epicor Software Corporation, Highjump, Infor, International Business Machines Corporation, JDA Software Group, Inc., Kinaxis Inc, Manhattan Associates, Oracle Corporation, SAP SE and The Descartes Systems Group Inc.

Market Segmentation:

1. By Component (Solution, Services)
2. By Solution Type (Transportation Management System, Warehouse Management System, Supply Chain Planning, Sourcing & Procurement Software, Manufacturing Execution System)
3. By Deployment Model (On - premise, cloud based)
4. By Industry Vertical (Retail & Consumer Goods, Healthcare and Pharmaceuticals, Manufacturing, Food & Beverages, Transportation & Logistics, Automotive, Others)
5. By User Types (Small & Medium Enterprises (SMEs), Large Enterprises)
6. By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
7. By Company (Epicor Software Corporation, Highjump, Infor, International Business Machines Corporation, JDA Software Group, Inc., Kinaxis Inc, Manhattan Associates, Oracle Corporation, SAP SE and The Descartes Systems Group Inc.)

Key questions answered in the study:

1. What are the current and future trends of the Supply Chain Management industry?
2. How has the industry been evolving in terms of user types, demand and application areas?
3. How has the competition been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Supply Chain Management industry?
5. What is the customer orientation, purchase behavior, and expectations from the Supply Chain Management firms across various regions?