Supply chain management (SCM) software refers to a program, platform or set of tools that help streamline and manage a company's end-to-end supply chain processes, from assessment and forecasting to managing supplier relationships.
The supply chain management (SCM) software market consists of sales of supply chain management software and related services by entities (organizations, sole traders and partnerships) that produce supply chain management software, including businesses that are involved in design, documentation, installation and support services, production and distribution of supply chain management software.
The global SCM software market was valued at $16,871.23 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 16.0%.
Emerging Markets Growth
The SCM software market benefited from the strong economic growth of developing countries during the historic period. The economic growth of developing countries resulted in greater manufacturing and commerce activity. As these countries grew into important manufacturing hubs and worldwide trading partners, there was an increased demand for modern SCM software solutions to optimize supply chain operations, improve efficiency and satisfy the changing needs of manufacturers, distributors and logistics providers. For example, China's GDP grew from $12.84 trillion in 2017, to $17.94 trillion in 2022. Additionally, according to the International Monetary Fund (IMF), in 2022, emerging markets and developing economies together registered a growth of 4.5% in 2018, which increased to 6.1% in 2021. Therefore, strong economic growth of developing countries supported the growth of the SCM software market during the historic period.
Product Innovations Redefining Supply Chain Management Software
Product innovations have emerged as a key trend gaining popularity in the SCM software market. Companies operating in the SCM software market are focused on introducing innovative products to reinforce their market position. For instance, in December 2022, WrxFlo, an Ireland-based software solutions company offering real-time visual management, launched the WrxFlo Transport Management System (TMS), a software that assists businesses in managing the logistics of transporting physical commodities by land, air and sea. It allows businesses to streamline their operations by conveniently controlling all transportation activities across the worldwide supply chain, allowing haulage operators to plan and make logistical decisions, implement those plans and see the results in real-time, saving time and money. Additionally, in December 2021, SYSPRO, a South Africa-based software company, launched SYSPRO R2 2021. This innovative launch includes industry-built capabilities that provide better insights and intelligence for improved decision-making, as well as the goal of improving internal operations control and increasing self-service and flexibility across the supply chain, which benefits manufacturers and distributors.
The global supply chain management (SCM) software market is concentrated, with a few players operating in the market. The top ten competitors in the market made up 32.24% of the total market in 2022.
Supply Chain Management (SCM) Software Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global supply chain management (SCM) software market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for supply chain management (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 supply chain management (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 history and forecasts market growth by geography. It places the market within the context of the wider supply chain management (SCM) software market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product, by industrial vertical and by user type.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the Russia-Ukraine war, impact of the COVID-19 pandemic and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the SCM software market.
- Global Market Size and Growth - Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product, by industrial vertical and by user type in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size And Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for supply chain management (SCM) software providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
- Appendix -This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report
Markets Covered:
- 1) By Product: Transportation Management Systems; Warehouse Management System; Supply Chain Planning; Procurement Software; Manufacturing Execution System
- 2) By Industrial Vertical: Consumer Goods; Healthcare; Pharmaceuticals; Manufacturing, Food And Beverages; Transportation Logistics; Other Industrial Verticals
- 3) By User Type: Small And Medium-Sized Enterprises (SMES); Large Enterprises
- Companies Mentioned: Oracle Corporation; SAP SE; Panasonic Corporation; Kinaxis Inc.; Koch Industries
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- 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; supply chain management (SCM) software indicators comparison.
- 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.