What are the latest figures on the scm software market’s size and projected CAGR?
The SCM software market size has grown rapidly in recent years. It will grow from $58.5 billion in 2024 to $64.98 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to emerging markets growth, an increasing demand for SCM software due to COVID-19 and an increased internet penetration.
The SCM software market size is expected to see rapid growth in the next few years. It will grow to $96.72 billion in 2029 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to rising utilization of cloud computing, a growing e-commerce industry and cost savings due to SCM software. Major trends in the forecast period include focus on artificial intelligence in SCM, product innovations, focus on supply-chain technology management in business operations, sustainability solutions, use of blockchain in supply chain management, use of digital supply chain twin (DSCT), use of 5G technology, focus on continuous intelligence (CI), focus on supply chain governance and security and focus on partnerships and collaborations.
Get Your Free Sample of The Global SCM Software Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3815&type=smp
What are the key drivers behind the rapid expansion of the scm software market?
SCM software’s can manage the complexities of the modern-day supply chain. With businesses going global and increased competition, the supply chains are getting complex. The number of suppliers, orders received/completed, variety of product offerings, information generated etc. all have increased substantially. Using SCM software, the complexity can be reduced along with cost and resource savings. The need for companies to remain relevant in the market amidst the highly competitive conditions is a crucial driver for the growth of the SCM software market.
What is the segmentation for the scm software market?
The SCM software market covered in this report is segmented –
1) By Product: Transportation Management System, Warehouse Management System, Supply Chain Planning, Procurement Software, Manufacturing Execution System
2) By Industrial Vertical: Consumer Goods, Healthcare And Pharmaceuticals, Food And Beverages, Transportation And Logistics, Other Industrial Verticals
3) By User Type: Small And Medium-Sized Enterprises (SMES), Large Enterprises
Subsegments:
1) By Transportation Management System (TMS): Route Optimization Software, Freight Management Systems, Carrier Management Tools
2) By Warehouse Management System (WMS): Inventory Management Software, Order Fulfillment Systems, Labor Management Tools
3) By Supply Chain Planning: Demand Planning Software, Supply Planning Tools, Sales And Operations Planning (S&OP) Solutions
4) By Procurement Software: Supplier Management Systems, E-Sourcing Tools, Contract Management Solutions
5) By Manufacturing Execution System (MES): Production Tracking Software, Quality Management Systems, Shop Floor Control Tools
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/scm-software-global-market-report
Who are the most influential companies in the scm software market?
Major companies operating in the SCM software market include SAP SE, Oracle Corporation, Panasonic Corporation, Koch Industries, Coupa Software Inc, Kinaxis Inc., Manhattan Associates, E2open LLC, WiseTech Global, JDA Software Group Inc, Epicor Software Corporation, Kewill Systems, BluJay Solutions, Dassault Systèmes SE, Vanguard Software Corporation, IBM Corporation, Blue Yonder, Verizon connect, Infor, Descartes Systems Group, GT Nexus, High Jump, IFS, SPS Commerce, Inc, Pronto Cargo Logistics & Supply Chain, Fox Brazil, Imexlog Logistica Aduaneira Perfect Solutions, Vendorful, Smart Software, OdooTecxii, AxolonERP, Trackmatic
What are the most influential trends expected to drive the scm software market forward?
Home Depot, one of the biggest retailers selling home improvement and construction products and services used to have separate logistics management departments in every single physical store to utilize replenishment and store management-related activities. This was costly as each store had to process the replenishment orders to get the required materials from the suppliers separately. After realizing that the de-centralization of the logistics management was a major issue, Home Depot decided to centralize those individual departments into one department in its corporate headquarters. With the help of technology and right SCM software solutions, Home Depot’s new centralized inventory and replenishment department’s overall performance improved the demand forecast accuracy and decreased the cost of operations for the replenishment orders.
What are the major regional insights for the scm software market, and which region holds the top position?
The countries covered in the SCM software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
What Does The SCM Software Market Report 2025 Offer?
The scm software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Supply chain management software refers to a program, platform, or set of tools that help streamline and manage a company’s end-to-end supply chain processes, from assessment and forecasting to managing supplier relationships.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3815
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
