Dublin, May 19, 2023 (GLOBE NEWSWIRE) -- The "Supply Chain Management Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Deployment, By Enterprise Size, By Vertical, By Region, And Segment Forecasts, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global supply chain management market is anticipated to reach USD 46,577.3 million by 2030, registering a CAGR of 10.9% in the forecast period.
Companies Mentioned
- SAP SE
- Oracle
- Blue Yonder Group Inc.
- Infor
- Manhattan Associates
- Coupa Software Inc.
- IBM
- Logility, Inc.
- Korber AG
- Epicor Software Corporation
The growth of the market can be attributed to advancements in digital technologies, increasing demand for improved supply chain processes visibility by end-users, shipment information transparency, and bolstering the growth of the retail & e-commerce sector. SCM enables supply chain managers to track precisely where their existing operations are performing or underperforming.
SCM also generates reliable, data-driven solutions and improves businesses' insight through cross-functional access. As a result, end customers are more likely to embrace supply chain management software.
The increasing concerns among enterprises regarding the privacy and security of confidential data are major factors restraining market growth. Data from businesses may leak via the internet and be accessed by unauthorized users, a rising concern among companies. However, the adoption of advanced technologies such as the internet of things (IoT), blockchain, cloud computing, artificial intelligence (AI), and robotics automation, among others, are enabling the secured digital supply network in the near future.
The COVID-19 pandemic illustrated long-standing vulnerabilities in global supply networks. Lockdowns hindered or delayed the movement of raw materials and interrupted manufacturing across multiple industries, putting supply chains under tremendous strain. This disruption has increased supply chain management (SCM) demand. The COVID-19 epidemic has hit every sector, and due to social distancing norms, organizations are shifting toward digitization to assure safety. Companies focus on supply chain optimization to reduce costs, reduce inventories, and increase asset utilization.
Supply Chain Management Market Report Highlights
- In terms of component, the solution segment accounted for the largest share in 2021 and is expected to retain its dominance over the forecast period. Solutions such as transportation management systems, planning & analytics, warehouse & inventory management system, procurement & sourcing, and manufacturing execution are used for supplier management, quality assurance, and logistics management. Increased demand for transportation management systems (TMS) software and the integration of advanced technology into SCM software are the factors attributing to the growth of the market.
- In terms of deployment, the cloud-based segment is expected to be the fastest-growing segment during the forecast period. Most companies have started to adopt the cloud-based SCM system, where they may gain advantages. The cloud-based SCM's storage flexibility provides scalability, which aids enterprises in effective productivity.
- In terms of vertical, the manufacturing segment accounted for the largest market share in 2021 and is expected to retain its dominance over the forecast period. Supply chain management (SCM) enables manufacturers to minimize direct sales and overhead expenses by lowering distribution costs. Examples of SCM systems that minimize distribution expenses include fuel-efficient forklifts, stringent material-handling standards, advanced navigation, routing solutions, and a cost-based order-processing and procurement system.
- Asia Pacific is expected to register the highest growth during the forecast period. Huge infrastructure investments by governments and large corporations to improve mobility and infrastructure will likely boost demand for SCM in the Asia-Pacific region. For instance, in September 2022, DHL announced an investment of USD 520 million in India over the next five years to increase its warehouse capacity, workforce, and environmental initiatives
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $20296.1 Million |
| Forecasted Market Value (USD) by 2030 | $46577.3 Million |
| Compound Annual Growth Rate | 10.9% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Industry Outlook
3.1. Market Segmentation & Scope
3.2. Supply Chain Management Market Size and Growth Prospects
3.3. Supply Chain Management - Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Surge in demand and usage of supply chain management services and software by various enterprises and industries.
3.4.1.2. Increasing implementation of Artificial Intelligence (AI) and Machine Learning (ML)
3.4.2. Market restraint analysis
3.4.2.1. Increasing concerns among the enterprises regarding the privacy and security of confidential data
3.4.3. Market challenge analysis
3.4.3.1. Lack of awareness in remote areas regarding the benefits of supply chain management solutions
3.4.4. Market opportunity analysis
3.4.4.1. Growing adoption of logistics 4.0 in supply chain management
3.5. Supply Chain Management- Key Company Analysis, 2021
3.5.1. Key company analysis, 2021
3.5.2. Supply Chain Management key start-up analysis
3.6. Industry Analysis - Porter's
3.7. Supply Chain Management- PEST Analysis
Chapter 4. Supply Chain Management Market: Component Estimates & Trend Analysis
4.1. Supply Chain Management Market: Component Analysis
4.1.1. Solution market estimates and forecasts, 2017 - 2030 (USD Million)
4.1.1.1. Transportation Management System market estimates and forecasts, 2017 - 2030 (USD Million)
4.1.1.2. Planning & Analytics market estimates and forecasts, 2017 - 2030 (USD Million)
4.1.1.3. Software market estimates and forecasts, 2017 - 2030 (USD Million)
4.1.1.4. Warehouse & Inventory Management System market estimates and forecasts, 2017 - 2030 (USD Million)
4.1.1.5. Procurement & Sourcing market estimates and forecasts, 2017 - 2030 (USD Million)
4.1.1.6. Manufacturing Execution System market estimates and forecasts, 2017 - 2030 (USD Million)
4.1.2. Service market estimates and forecasts, 2017 - 2030 (USD Million)
4.1.2.1. Professional Services market estimates and forecasts, 2017 - 2030 (USD Million)
4.1.2.1. Managed services market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 5. Supply Chain Management Market: Deployment Estimates & Trend Analysis
5.1. Supply Chain Management Market: Deployment Analysis
5.1.1. On-premises market estimates and forecasts, 2017 - 2030 (USD Million)
5.1.2. Cloud-based market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6. Supply Chain Management Market: Enterprise Size Estimates & Trend Analysis
6.1. Supply Chain Management Market: Enterprise Size Analysis
6.1.1. Small and Medium Sized Enterprises market estimates and forecasts, 2017 - 2030 (USD Million)
6.1.2. Large Enterprises market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7. Supply Chain Management Market: Vertical Estimates & Trend Analysis
7.1. Supply Chain Management Market: Vertical Analysis
7.1.1. Retail & E-commerce market estimates and forecasts, 2017 - 2030 (USD Million)
7.1.2. Healthcare market estimates and forecasts, 2017 - 2030 (USD Million)
7.1.3. Automotive market estimates and forecasts, 2017 - 2030 (USD Million)
7.1.4. Transportation & Logistics market estimates and forecasts, 2017 - 2030 (USD Million)
7.1.5. Food & Beverages market estimates and forecasts, 2017 - 2030 (USD Million)
7.1.6. Manufacturing market estimates and forecasts, 2017 - 2030 (USD Million)
7.1.7. Others market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8. Supply Chain Management Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/a4r105
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