Categories: IT & Communication Technology

SCM Software Market Size, Growth Analysis, Growth Demands, Forecast to 2033

Overview and Scope

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.

Sizing and Forecast

The scm software market size has grown rapidly in recent years. It will grow from $36.72 billion in 2023 to $43.26 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. 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 $83.74 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. 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.

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Segmentation & Regional Insights

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

Asia-Pacific was the largest region in the supply chain management SCM software market in 2023. North America was the second largest region of the global supply chain management SCM software market share. The regions covered in the scm software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

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.

Key Industry Players

Major companies operating in the scm software market report are 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., Zaragoza Logistics Center (ZLC), IBM Corporation, Amadeus, Blue yonder, Verizon connect, Infor, Descartes Systems Group, Melcombe Partners, GT Nexus, High Jump, IFS, SPS Commerce, Inc, Pronto Cargo Logistics & Supply Chain, Fox Brazil , Imexlog Logistica Aduaneira Perfect Solutions, Vendorful, Smart Software, Procure Xperts, OdooTecxii, AxolonERP, Trackmatic

The scm software market report table of contents includes:

1. Executive Summary

2. SCM Software Market Characteristics

3. SCM Software Market Trends And Strategies

4. SCM Software Market – Macro Economic Scenario

5. Global SCM Software Market Size and Growth

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32. Global SCM Software Market Competitive Benchmarking

33. Global SCM Software Market Competitive Dashboard

34. Key Mergers And Acquisitions In The SCM Software Market

35. SCM Software Market Future Outlook and Potential Analysis

36. Appendix