Supply Chain Management Software Global Market Opportunities and Strategies to 2030 – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – The report “Global Supply Chain Management Software Market Opportunities and Strategies to 2030: Implications and Growth of COVID-19” has been added to ResearchAndMarkets.com offer.

The market is expected to grow from $ 14,655.8 million in 2019 to $ 19,023.3 million in 2023 at a rate of 6.7%.

The growth is mainly driven by the growing demand for supply chain management software fueled by the supply chain disruptions caused by the pandemic.

The market is expected to grow from $ 19,023.3 million in 2023 to $ 22,147.7 million in 2025 at a CAGR of 7.9%. The market is expected to grow and reach $ 29,016.4 million in 2030 with a CAGR of 5.6%.

The supply chain management (SCM) software market comprises the sales of supply chain management software and related services by entities (organizations, independent traders, and partnerships) that produce the supply chain management software. the supply chain, including companies involved in design, documentation, installation and support. supply chain management software services, production and distribution. Companies in this industry undertake operations such as transportation management systems, warehouse management systems, supply chain and supply chain planning software for small and medium enterprises and large enterprises.

Growth during the historic period has resulted from growth in emerging markets, technological development and increased internet penetration. This growth has been limited by data breaches, software piracy, and customization challenges.

In the future, cost savings due to SCM software and increasing demand for SCM software due to COVID-19 are expected to drive the market. Intense competition, security challenges, and open source software are major factors which might hamper the growth of SCM software market in future.

The supply chain management software market is segmented by product into transportation management system, warehouse management system, and supply chain planning and procurement software. Supply chain planning was the largest segment of the supply chain management market by product, accounting for 34.6% of the total market in 2019. In the future, procurement software is expected to be the fastest growing segment in the supply chain management software market, at a CAGR of 6.2%.

The supply chain management software market is also segmented by industry sector into consumer goods, healthcare and pharmaceuticals, food and beverage, transportation and logistics, etc. Others were the largest segment of the supply chain management software market by industry sector, accounting for 38.1% of the total market in 2019. Looking ahead, the healthcare and pharmaceutical segment is expected to be to be the fastest growing segment in supply chain management software. market, at a CAGR of 6.5%.

The supply chain management software market is also segmented by type of end user into small and medium enterprises (SMEs) and large enterprises. Large enterprise was the largest segment of the supply chain management software market by end-user type, accounting for 63.2% of the total market in 2019. Going forward, the small and medium-sized business segment is expected to be the fastest growing segment. in the supply chain management software market, at a CAGR of 5.7%.

North America was the largest region in the global supply chain management software market, accounting for 44.6% of the total in 2019. It was followed by Asia Pacific, Western Europe, and then other regions. Looking ahead, the fastest growing regions in the supply chain management software market will be South America and the Middle East where the growth will be 8.9% and 8% respectively. , 3%. These will be followed by Africa and North America, where the markets are expected to register CAGRs of 6.5% and 5.8% respectively.

The supply chain management software market is fragmented with a large number of small players in the market. The top ten market competitors accounted for 58.7% of the total market in 2019. The major market players are SAP SE, Oracle Corporation, Yonder Group, Inc. (JDA Software), Coupa Software Inc., Infor Global Solutions, E2open, LLC, Descartes Systems Group, WiseTech Global, Jaggaer, and Manhattan Associates.

Key opportunities

  • The major opportunities in the global supply chain management software market segmented by product will arise in the procurement software segment, which will gain $ 1,709.2 million in global annual sales by 2023 .

  • The major opportunities in the industry vertical segmented supply chain management software market will arise in the others segment, which will gain $ 1,160.6 million in annual global sales by 2023.

  • The major opportunities in the supply chain management software market segmented by end user type will arise in the large enterprise segment, which will gain $ 2,729.3 million in annual global sales by 2023.

  • The market size for supply chain management software will gain the most in the United States at $ 1,421.2 million.

Companies mentioned

  • SAP SE

  • Oracle Corporation

  • Yonder Group, Inc. (JDA Software)

  • Coupa software inc.

  • Infor Global Solutions

For more information on this report, visit https://www.researchandmarkets.com/r/iepry


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