Worldwide Supply Chain Management Applications Market Shares, 2023: Maintained Focus

This IDC study provides worldwide market shares for supply chain management applications. This market grew robustly at 9.4% in 2023, paced by continuing investment in public cloud deployments. Growth in the supply chain management applications market continues to be driven by the historical need for omni-channel "buy anywhere, fulfill anywhere" processes, but it is also being driven by the need for digital competencies to allow the supply chain to maximize efficiency, pivot to new business models, and seize on new opportunities."The continuing importance of the supply chain in an inherently disruptive world is critical for businesses to meet their performance targets. Without the use of modern supply chain management tools, supply chains simply cannot compete at the levels necessary for competitive differentiation. SCM investments are both a competitive necessity and a key to driving a differentiating edge over peers," says Simon Ellis, group VP, IDC's U. S. Manufacturing Insights and Global Supply Chain Strategies practices.