SCM Software Global Market Report 2024

Supply chain management software encompasses a program, platform, or set of tools designed to streamline and oversee a company's entire supply chain processes, spanning assessment and forecasting to the management of supplier relationships.

The primary product types within the realm of supply chain management (SCM) software include transportation management systems, warehouse management systems, supply chain planning tools, procurement software, and manufacturing execution systems. A transportation management system (TMS) is a logistical platform leveraging technology to aid businesses in planning, executing, and optimizing the physical movement of goods, both inbound and outbound. This includes ensuring compliance and maintaining proper documentation. This software is utilized by various entities, including small and medium-sized enterprises (SMEs), large enterprises across sectors such as consumer goods, healthcare, pharmaceuticals, manufacturing, food and beverages, transportation and logistics, and other industry verticals.

The supply chain management SCM software market research report is one of a series of new reports from The Business Research Company that provides supply chain management SCM software market statistics, including supply chain management SCM software industry global market size, regional shares, competitors with a supply chain management SCM software market share, detailed supply chain management SCM software market segments, market trends and opportunities, and any further data you may need to thrive in the supply chain management SCM software industry. This supply chain management SCM software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The scm software market size has grown rapidly in recent years. It will grow from $36.72 billion in 2023 to $43.26 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The historical growth in the supply chain management (SCM) software sector can be ascribed to the expansion of emerging markets, a heightened demand for SCM software driven by the effects of COVID-19, and a rise in internet penetration.

The scm software market size is expected to see rapid growth in the next few years. It will grow to $83.74 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. The projected growth in the supply chain management (SCM) software sector can be attributed to an increasing adoption of cloud computing, the expansion of the e-commerce industry, and the cost savings facilitated by SCM software. Major trends anticipated in the forecast period include an emphasis on artificial intelligence in SCM, ongoing product innovations, a focus on integrating supply-chain technology into business operations, the implementation of sustainability solutions, the utilization of blockchain in supply chain management, the adoption of digital supply chain twin (DSCT), the integration of 5G technology, an emphasis on continuous intelligence (CI), a focus on supply chain governance and security, and an emphasis on fostering partnerships and collaborations.

SCM software plays a crucial role in managing the complexities of the modern-day supply chain, particularly as businesses expand globally and face heightened competition. The contemporary supply chains have become intricate, marked by an increase in the number of suppliers, orders, product offerings, and generated information. SCM software proves instrumental in simplifying this complexity, leading to cost and resource savings. The imperative for companies to stay relevant in the market amid intense competition serves as a pivotal driver for the growth of the SCM software market.

The anticipated increase in e-commerce is set to drive the growth of the SCM software market in the foreseeable future. E-commerce, involving online buying and selling of goods or services, relies on commercial transactions conducted through websites, mobile apps, or other online platforms. SCM software aids e-commerce companies in cost reduction by optimizing their supply chains, minimizing manufacturing, shipping, and raw material costs, ultimately resulting in reduced consumer prices. For example, in September 2022, as per the International Trade Administration, the UK's consumer eCommerce constituted 30% of the overall retail sector, experiencing significant growth from 20% in 2020, with an annual e-commerce revenue exceeding $120 billion. Thus, the increasing prominence of e-commerce is a key driver propelling the growth of the SCM software market.

Supply chains are undergoing constant evolution, with data positioned at the core of each stage in the value chain. The substantial volume of generated data presents a significant challenge in terms of data and IT security risks. Safeguarding privacy while sharing data across the supply chain emerges as a major hurdle that could potentially impede the SCM software industry. A prominent example illustrating the consequences of lax security involves the Target breach, where compromised security at an HVAC vendor led to the exposure of personal information for up to 70 million individuals. The stolen information included customer names, credit or debit card numbers, expiration dates, and CVV numbers.

Leading companies in the supply chain management software market are intensifying their focus on introducing innovative platforms to gain a competitive advantage. These platforms aim to offer a comprehensive and holistic view of supply chain operations, optimize planning and forecasting, reduce costs, prevent waste and overstocks, and align with customer demand and financial objectives. For instance, in February 2023, Sonatype, a US-based software supply chain management company, unveiled the 'Run Anywhere' platform for software supply chain management. Recognized as the most flexible software composition analysis and application security testing solution, it provides cloud deployment along with on-premises and entirely disconnected options. Sonatype's proprietary intelligence, leading research, and AI behavioral analysis enable organizations to manage their software supply chains at scale, facilitating quicker and safer open-source product development. The platform's adaptable deployment options support seamless integration into diverse operational environments, empowering teams to shift left without encountering operational challenges.

Major companies operating in the scm software market report are SAP SE, Oracle Corporation, Panasonic Corporation, Koch Industries, Coupa Software Inc., Kinaxis Inc., Manhattan Associates, E2open LLC, WiseTech Global, JDA Software Group Inc., Epicor Software Corporation, Kewill Systems, BluJay Solutions, Dassault Systemes SE, Vanguard Software Corporation., Zaragoza Logistics Center (ZLC), IBM Corporation, Amadeus, Blue yonder, Verizon connect, Infor, Descartes Systems Group, Melcombe Partners, GT Nexus, High Jump, IFS, SPS Commerce, Inc., Pronto Cargo Logistics & Supply Chain, Fox Brazil , Imexlog Logistica Aduaneira Perfect Solutions, Vendorful, Smart Software, Procure Xperts, OdooTecxii, AxolonERP, Trackmatic

Asia-Pacific was the largest region in the supply chain management SCM software market in 2023. North America was the second largest region of the global supply chain management SCM software market share. The regions covered in the scm software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the scm software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

The supply chain management SCM software market includes revenues earned by entities by developing and distributing software that manages the flow of products and information across the supply chain, thereby strengthening the supply chain operations in an organization. Software such as SCMs are used to bring equilibrium between supply and demand by improving business processes and plan future needs using algorithms that provide consumption analysis. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

SCM Software Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on scm software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for scm software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The scm software market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product: Transportation Management System; Warehouse Management System; Supply Chain Planning; Procurement Software; Manufacturing Execution System
• 2) By Industrial Vertical: Consumer Goods; Healthcare And Pharmaceuticals; Food And Beverages; Transportation And Logistics; Other Industrial Verticals
• 3) By User Type: Small And Medium-Sized Enterprises (SMES); Large Enterprises
• Companies Mentioned: SAP SE; Oracle Corporation; Panasonic Corporation; Koch Industries; Coupa Software Inc
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.