Supply Chain Management Market was valued at USD 23.3 billion in 2020, and is estimated to reach USD 51.0 billion in 2028, growing at a significant higher CAGR 10.3% during 2021-2028.
The factors driving the growth of the Supply Chain Management Market includes rapid growth in the e-commerce sector, increasing demand for enhanced visibility and transparency in supply chain data and processes, development of industrial-grade digital technology and improvements in the living standards. Moreover, integration of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Internet of Things (IoT) with supply chain management software and increasing demand for supply chain management software by healthcare and pharmaceutical companies, are some of the additional factors supplementing the Global Supply Chain Management Market. In addition, the increasing investments by major corporations on research and development, rise in the launch of innovative products, growing disposable incomes and rapid urbanization, are further contributing towards the market growth.
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However, growth of the Supply Chain Management Market is hindered due to rising concerns related to security and privacy.
The prominent players operating in the market are Manhattan Associates, American Software, Inc., Kinaxis, SAP SE, Oracle, IBM Corporation, Blue Yonder Group, Inc., Infor, THE DESCARTES SYSTEMS GROUP INC., and Körber AG, among others.
Based on Organization Size, the Small and Medium-sized enterprises segment is predicted to expand at a significant CAGR during the forecast period
Increased adoption of pay-as-you-go model by SMEs for managing IT infrastructure, is the major factor pushing Supply Chain Management Market share.
Based on Vertical, the FMCG segment is projected to capture the largest market share over the forecast period
Supply chain management solutions help FMCG companies to track inventory and shipments and reduces operating cost, are propelling growth of the segment.
Based on Region, the North American region is anticipated to hold the highest market share during the forecast period
Presence of the leading companies such as Oracle, IBM Corporation and Manhattan Associates, growing adoption of advanced technologies by major players, rapid industrialization, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the Supply Chain Management Market size in North American region.
Key Development
- In 2020, Infor partnered with MphRx and developed a global situation to help the healthcare companies to manage the COVID-19 vaccine with the real-world clinical data.
Market Segmentation
Segmentation by Component
- Hardware
- Software
- Services
Segmentation by Deployment Mode
- Cloud
- On-Premise
Segmentation by Organization Size
- Small and Medium-sized enterprises
- Large enterprises
Segmentation by Vertical
- Retail and Ecommerce
- Healthcare
- Manufacturing
- Automotive
- Transportation and Logistics
- FMCG
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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