Supply Chain Management Market by Component, Function, Deployment, Organization Size, Industry

Description

List of Tables

[188 Pages Report] The Supply Chain Management Market size was estimated at USD 32.42 billion in 2023 and expected to reach USD 35.31 billion in 2024, at a CAGR 9.24% to reach USD 60.21 billion by 2030.

Supply chain management (SCM) is a multidisciplinary approach that systematically manages the flow of information, goods, and finances as they move from supplier to manufacturer to retailer and finally to the consumer. The objective of SCM is to enhance organizational efficiency and profitability by optimizing the production process, minimizing costs, and delivering the right product at the right time to the right place. Supply chain management encompasses the planning and management of all essential activities involved in sourcing, procurement, conversion, and logistics management. The supply chain management market is growing rapidly with global business outreach and the escalating expectations of e-commerce consumers for swift deliveries. The supply chain management market faces hurdles such as intricate software integrations, supply chain volatility, requisite expertise for data handling, and stringent regulatory adherence. However, the recent leveraging of advanced technologies such as blockchain, AI, IoT, and predictive analytics presents a revamp of traditional supply chains into more adaptable and scalable frameworks, creating lucrative opportunities for the global supply chain management market.

KEY MARKET STATISTICS
Base Year [2023]	USD 32.42 billion
Estimated Year [2024]	USD 35.31 billion
Forecast Year [2030]	USD 60.21 billion
CAGR (%)	9.24%

Component: Growing demand for cloud-based platforms and advanced analytics

Hardware is the backbone of supply chain operations, providing key physical tools and devices for warehouse management, transportation, and inventory tracking. Hardware includes RFID systems, barcode scanners, GPS tracking, and material handling equipment. The need for automation, data accuracy, and real-time tracking of goods drives the preference for particular hardware. Larger organizations often prioritize state-of-the-art equipment to streamline operations. Services cover consultation, implementation, maintenance, and training for various SCM systems. Clients may prefer services that offer custom solutions, integrative capability with existing infrastructure, and scalability to cope with market changes. Proper installation of equipment and infrastructure is essential for an agile supply chain. From warehouse management systems to conveyor belts, each component must be installed with precision to ensure smooth operations. The personnel involved must be proficient in current technologies and methodologies for a supply chain to function effectively. Training and education programs equip staff with the necessary skills to navigate complex supply chain environments. Solutions generally refer to integrated software systems that manage various supply chain aspects. Businesses may prefer customizable, user-friendly solutions with robust analytics, forecasting, and comprehensive management capabilities. In comparison, hardware is about the tangible assets and the immediate impact on operational efficiency, and the need for robust, long-lasting equipment often determines its selection. Services are typically engaged for expert knowledge and the need for continuous improvement and optimization of supply chain processes. Solutions, predominantly software, are chosen with scalability and integration in mind, providing a comprehensive overview and control over the entire supply chain.

Function: Extensive use of transportation management system specifically for carrier collaboration and freight cost management

Manufacturing/operations systems are at the core of producing goods and directly influence the ability of a company to meet customer demand. They integrate processes related to production planning, manufacturing, and product delivery, ensuring that manufacturing operations align with supply chain outputs. Procurement sourcing/purchasing is pivotal in ensuring raw materials and services are acquired at the best possible terms and involves supplier management, contract negotiation, and purchasing order management. Supply chain planning comprises the strategies and tools used in forecasting, demand planning, and inventory optimization to balance supply and demand effectively. A transportation management system manages the shipping process from planning and optimization to freight auditing and payment. It facilitates carriers' selection, route planning, and the real-time tracking of goods. A warehouse management system is software that offers visibility into a business's inventory while managing supply chain fulfillment operations from the distribution center to the store shelf. It involves inventory management, picking processes, and auditing.

Deployment: Rising adoption of on-cloud solutions to scale businesses supply chain operations without the constraints of physical infrastructure limitations

On-cloud or cloud-based solutions refer to supply chain management (SCM) applications hosted on the provider's remote servers and accessed over the Internet. The service is typically provided on a subscription basis, known as Software-as-a-Service (SaaS). On-premise solutions are the hosted on a company's servers and managed by internal IT staff. The software is typically purchased through a license agreement and resides within the company's local network. On-cloud arrangements offer lower upfront costs and high operational agility, albeit with provider-dependent security; on-premise setups afford superior customization and data sovereignty at higher initial expenses and hands-on maintenance. In recent developments, both deployment strategies have evolved, with on-cloud providers integrating AI for smarter forecasting and resilience and on-premise solutions advancing through warehouse automation enhancements.

Organization Size: Significant popularity of cloud-based supply chain solutions among SMEs owing to their lower upfront costs

Large enterprises generally have complex supply chains that span across multiple regions. They often require robust and sophisticated supply chain management (SCM) systems to manage their extended operations.

Small and medium enterprises (SMEs) are typically more agile but may need more resources for significant capital investments in SCM software. Therefore, they often prefer cost-effective, scalable solutions that can grow with their business. While both large enterprises and SMEs aim for efficiency and cost-saving in their supply chains, the scale and complexity of their solution requirements differ significantly. Large enterprises prioritize integration, compliance, and global reach, often necessitating custom solutions offered by major manufacturers. In contrast, SMEs favor affordability, user-friendliness, and scalability, which specialized providers are more equipped to deliver.

Regional Insights

The supply chain management market in the Americas has shown robust growth with ongoing investments in technology, particularly in automation and digital transformation of industries, including supply chain. The EMEA region is experiencing a transformation within the supply chain sector. The region is adapting SCM through increased adoption of sustainability practices due to regulatory mandates and a shift toward localized supply chains. Additionally, the rise in e-commerce is restructuring traditional supply chain models, with companies focusing on reducing delivery times and improving customer service, raising the demand for supply chain management in the region. Asia-Pacific holds significant potential for growth in the supply chain management market. The region's expanding manufacturing capabilities, combined with an increase in consumer demand, require robust and sophisticated supply chain solutions. Technology adoption, especially in AI and data analytics, continues to bolster efficiency and competitiveness despite challenges such as geopolitical risks and natural disasters in the region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Supply Chain Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Supply Chain Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Supply Chain Management Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., American Software, Inc., Berkshire Grey, Inc., Blue Yonder, Inc., Coupa Software Inc., Epicor Software Corporation, GEP, HighJump, Infor Inc., Intel Corporation, International Business Machines Corporation, JAGGAER, LLC, Kinaxis Inc., Korber AG, Kuehne + Nagel International AG, Logility, Inc., Manhattan Associates, Inc., Micron Technology, Inc., Microsoft Corporation, NVIDIA Corporation, OM Partners N.V., Oracle Corporation, RELEX Solutions, SAP SE, Splice Machine, Inc., and The Descartes Systems Group Inc..

Market Segmentation & Coverage

This research report categorizes the Supply Chain Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Hardware
- Services
  - Installation & Maintenance
  - Training & Education

Solution

Function
- Manufacturing/Operations System
- Procurement Sourcing/Purchasing
- Supply Chain Planning
- Transportation Management System
- Warehouse Management System

Deployment
- On-Cloud
- On-Premise

Organization Size
- Large Enterprises
- Small & Medium Enterprises

Industry
- Automotive
- Food & Beverages
- Healthcare & Pharmaceuticals
- Manufacturing
- Retail & Consumer Goods
- Transportation & Logistics

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Supply Chain Management Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Supply Chain Management Market?

3. What are the technology trends and regulatory frameworks in the Supply Chain Management Market?

4. What is the market share of the leading vendors in the Supply Chain Management Market?

5. Which modes and strategic moves are suitable for entering the Supply Chain Management Market?

Product Code: MRR-434CCDA050BF

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing need for transparency and visibility in supply chain
  - 5.1.1.2. Growing e-commerce sector
  - 5.1.1.3. Surge in adoption of SCM in healthcare and pharmaceuticals
- 5.1.2. Restraints
  - 5.1.2.1. Concerns over data security and privacy
- 5.1.3. Opportunities
  - 5.1.3.1. Robust adoption of cloud supply chain management among SMEs
  - 5.1.3.2. Integration of AI capabilities in SCM solutions
- 5.1.4. Challenges
  - 5.1.4.1. Dearth of technical skills and reduced awareness of SCM tools
5.2. Market Segmentation Analysis
- 5.2.1. Component: Growing demand for cloud-based platforms and advanced analytics
- 5.2.2. Function: Extensive use of transportation management system specifically for carrier collaboration and freight cost management
- 5.2.3. Deployment: Rising adoption of on-cloud solutions to scale businesses supply chain operations without the constraints of physical infrastructure limitations
- 5.2.4. Organization Size: Significant popularity of cloud-based supply chain solutions among SMEs owing to their lower upfront costs
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Supply Chain Management Market, by Component

6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Solution

7. Supply Chain Management Market, by Function

7.1. Introduction
7.2. Manufacturing/Operations System
7.3. Procurement Sourcing/Purchasing
7.4. Supply Chain Planning
7.5. Transportation Management System
7.6. Warehouse Management System

8. Supply Chain Management Market, by Deployment

8.1. Introduction
8.2. On-Cloud
8.3. On-Premise

9. Supply Chain Management Market, by Organization Size

9.1. Introduction
9.2. Large Enterprises
9.3. Small & Medium Enterprises

10. Supply Chain Management Market, by Industry

10.1. Introduction
10.2. Automotive
10.3. Food & Beverages
10.4. Healthcare & Pharmaceuticals
10.5. Manufacturing
10.6. Retail & Consumer Goods
10.7. Transportation & Logistics

11. Americas Supply Chain Management Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Supply Chain Management Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Supply Chain Management Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Accenture Expands Partnership with SAP to Help Clients Establish Responsible and Resilient Supply Chains
- 14.3.2. AWS Announces Four New Capabilities for AWS Supply Chain
- 14.3.3. ServiceNow Launches Digital Workflows for Finance and Supply Chain
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio