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The market for supply chain management (SCM) was estimated to be worth USD 28.19 billion in 2023 and is anticipated to expand at a CAGR of 11.4% over the next five years. SCM entails the centralized administration of the flow of goods and services, which includes operations like planning and forecasting, buying, assembling products, transporting, storing, distributing, selling, and providing customer service.
The rise in demand and greater understanding of the advantages of SCM solutions, such as transportation management systems, planning and analytics, forecasting accuracy, warehouse and inventory management, supply chain optimization, procurement and sourcing, waste minimization, manufacturing execution, and pertinent synthesis of business data, can be attributed to the growth of the SCM market. Additionally, the fast expanding use of information technology and technological advancements supports and improves the entire supply chain, which helps the industry thrive. The COVID-19 outbreak had a favorable effect on the intended audience. Due to the increased use of SCM to forecast and fulfill supply and demand requirements during the COVID-19 pandemic, a considerable increase has been seen.
The management of the full manufacturing flow of a good or service, from the procurement of raw materials to the delivery of the finished product to the customer, is known as supply chain management. A business establishes a network of suppliers (or "links" in the chain") to convey the product from raw material suppliers to businesses that deal with customers directly. Effective supply chain management systems also reduce costs, waste, and manufacturing cycle time. Additionally, a productive supply chain can lessen the requirement for inventory management, which lowers the overhead expenses for storage and security.
The global SCM market is expanding as a result of increased technical development, investments, and demand for supply chain management services and software across various businesses and industries. Additionally, a rise in the use of SCM software by pharmaceutical and healthcare organizations has a beneficial effect on the expansion of the supply chain management market. But a lack of knowledge about supply chain management software and a rise in privacy and security worries among companies are impeding the market's expansion. On the other hand, it is anticipated that throughout the projected period, an increase in advanced information and communications technology would present lucrative chances for the advancement of the SCM market.
Businesses across the United States are preparing to reevaluate their supply chain strategy in order to become more resilient, collaborate, and interact with clients, suppliers, and other stakeholders in the wake of the catastrophic disruption brought on by the COVID-19 epidemic. In order to achieve this, it will reskill its staff and invest more in supply chain technology like AI and robotic process automation. Manufacturers all around the world are being forced to reevaluate their supply chains because to demand and supply shocks brought on by the US-China trade war and the Covid-19 issue. They will soon face pressure to boost local manufacturing, boost employment in their own nations, decrease reliance on risky supply sources, and reconsider lean inventory and just-in-time replenishment tactics.
The demand for improved supply chain transparency and a growth in the demand for demand management solutions from large and medium-sized businesses are both driving the worldwide supply chain management industry. The expansion of e-commerce in nations like China, Japan, and India, increased industrialization, and rising demand from the food and beverage industry all contribute to the market expansion. To capitalize on the market potential for supply chain management, international businesses are expanding into these nations. The development of the supply chain management market is further supported by technological developments and the rising usage of cutting-edge technologies like artificial intelligence and machine learning. Global demand for SCM has increased as a result of new product introductions and acquisitions by top industry players, as well as rising usage of cloud-based SCM solutions.
Because it enables companies to effectively manage the sourcing of raw materials, manufacturing, and assembling of any commodities or products, SCM software is increasingly being adopted by a variety of businesses and organizations, which is propelling the market's expansion. Additionally, it helps manage order input, distribution networks, product delivery, demand & supply requirements, financial information, and inventory tracking, all of which contribute to the market's continued expansion. Additionally, it enables management to utilize the company's distribution network strategically, which is once more fueling market expansion. The development of the worldwide market is hampered by a lack of IT infrastructure in poorer nations and an increase in security and privacy concerns.
Report Coverage
Global Supply Chain Management research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Supply Chain Management report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Supply Chain Management competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Supply Chain Management market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Supply Chain Management market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Supply Chain Management market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
THE DESCARTES SYSTEMS GROUP INC, Infor, Blue Yonder Group, Inc., SAP SE, Kinaxis, HighJump., Epicor Software Corporation, Oracle Corporation, IBM Corporation, Manhattan Associates, Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Supply Chain Management market based on the below-mentioned segments:
Global Supply Chain Management Market, By Solution Type
Transportation management system
Warehouse management system
Supply chain planning
Procurement and sourcing
Manufacturing execution system
Global Supply Chain Management market, By Industry Vertical
Retail and consumer goods
Healthcare and pharmaceuticals
Manufacturing
Food and beverages
Transportation and logistics
Automotive
Others
Global Supply Chain Management Market, By Component
Solution
Service
Global Supply Chain Management market, Regional Analysis
The rise in demand and greater understanding of the advantages of SCM solutions, such as transportation management systems, planning and analytics, forecasting accuracy, warehouse and inventory management, supply chain optimization, procurement and sourcing, waste minimization, manufacturing execution, and pertinent synthesis of business data, can be attributed to the growth of the SCM market. Additionally, the fast expanding use of information technology and technological advancements supports and improves the entire supply chain, which helps the industry thrive. The COVID-19 outbreak had a favorable effect on the intended audience. Due to the increased use of SCM to forecast and fulfill supply and demand requirements during the COVID-19 pandemic, a considerable increase has been seen.
The management of the full manufacturing flow of a good or service, from the procurement of raw materials to the delivery of the finished product to the customer, is known as supply chain management. A business establishes a network of suppliers (or "links" in the chain") to convey the product from raw material suppliers to businesses that deal with customers directly. Effective supply chain management systems also reduce costs, waste, and manufacturing cycle time. Additionally, a productive supply chain can lessen the requirement for inventory management, which lowers the overhead expenses for storage and security.
The global SCM market is expanding as a result of increased technical development, investments, and demand for supply chain management services and software across various businesses and industries. Additionally, a rise in the use of SCM software by pharmaceutical and healthcare organizations has a beneficial effect on the expansion of the supply chain management market. But a lack of knowledge about supply chain management software and a rise in privacy and security worries among companies are impeding the market's expansion. On the other hand, it is anticipated that throughout the projected period, an increase in advanced information and communications technology would present lucrative chances for the advancement of the SCM market.
Businesses across the United States are preparing to reevaluate their supply chain strategy in order to become more resilient, collaborate, and interact with clients, suppliers, and other stakeholders in the wake of the catastrophic disruption brought on by the COVID-19 epidemic. In order to achieve this, it will reskill its staff and invest more in supply chain technology like AI and robotic process automation. Manufacturers all around the world are being forced to reevaluate their supply chains because to demand and supply shocks brought on by the US-China trade war and the Covid-19 issue. They will soon face pressure to boost local manufacturing, boost employment in their own nations, decrease reliance on risky supply sources, and reconsider lean inventory and just-in-time replenishment tactics.
The demand for improved supply chain transparency and a growth in the demand for demand management solutions from large and medium-sized businesses are both driving the worldwide supply chain management industry. The expansion of e-commerce in nations like China, Japan, and India, increased industrialization, and rising demand from the food and beverage industry all contribute to the market expansion. To capitalize on the market potential for supply chain management, international businesses are expanding into these nations. The development of the supply chain management market is further supported by technological developments and the rising usage of cutting-edge technologies like artificial intelligence and machine learning. Global demand for SCM has increased as a result of new product introductions and acquisitions by top industry players, as well as rising usage of cloud-based SCM solutions.
Because it enables companies to effectively manage the sourcing of raw materials, manufacturing, and assembling of any commodities or products, SCM software is increasingly being adopted by a variety of businesses and organizations, which is propelling the market's expansion. Additionally, it helps manage order input, distribution networks, product delivery, demand & supply requirements, financial information, and inventory tracking, all of which contribute to the market's continued expansion. Additionally, it enables management to utilize the company's distribution network strategically, which is once more fueling market expansion. The development of the worldwide market is hampered by a lack of IT infrastructure in poorer nations and an increase in security and privacy concerns.
Report Coverage
Global Supply Chain Management research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Supply Chain Management report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Supply Chain Management competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Supply Chain Management market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | THE DESCARTES SYSTEMS GROUP INC, Infor, Blue Yonder Group, Inc., SAP SE, Kinaxis, HighJump., Epicor Software Corporation, Oracle Corporation, IBM Corporation, Manhattan Associates, Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Supply Chain Management Market from 2021 to 2030.
- Market Forecast for Supply Chain Management Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Supply Chain Management competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Supply Chain Management
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Supply Chain Management market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Supply Chain Management market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
THE DESCARTES SYSTEMS GROUP INC, Infor, Blue Yonder Group, Inc., SAP SE, Kinaxis, HighJump., Epicor Software Corporation, Oracle Corporation, IBM Corporation, Manhattan Associates, Inc.
Primary Target Market
- Market Players of Supply Chain Management
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Supply Chain Management market based on the below-mentioned segments:
Global Supply Chain Management Market, By Solution Type
Transportation management system
Warehouse management system
Supply chain planning
Procurement and sourcing
Manufacturing execution system
Global Supply Chain Management market, By Industry Vertical
Retail and consumer goods
Healthcare and pharmaceuticals
Manufacturing
Food and beverages
Transportation and logistics
Automotive
Others
Global Supply Chain Management Market, By Component
Solution
Service
Global Supply Chain Management market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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