Information and Communication Technology Supply Chain Management Software Market is projected to grow up to 12.5% CAGR during the f...

Supply Chain Management Software Market is projected to grow up to 12.5% CAGR during the forecasting period 2021-2027.

The supply chain management software market is driven by requirement for fast and precise planning and material management in compound supply chains to prevent excess inventory and ensure product availability. Moreover, the Supply Chain Management Software helps manufacturers respond quickly to demand supervising and supply chain changes by sharing schedules, orders, forecasts and other information with trading partners. Manufacturers face the challenge of balancing supply chain risk and opportunity where the software plays a prominent role. Rising competition and price sensitivity as a result of constant globalization of commerce is resulting in propelling the deployment of sourcing and planning software by companies of all sizes and across various verticals. Digital supply chain solutions are simplifying the process with real-time data visibility and technical abilities which allow companies to improve planning collaboration, increase agility and speed planning cycle times.

Further, the compliance, such as meeting country-specific trade regulations, further complicates on time deliveries, which acts as the propelling factor for the growth of the Global Supply Chain Management Software Market. The Global Supply Chain Management Software Market research offers a comprehensive analysis of the industry. The research includes a detailed analysis of key segments, trends, drivers, constraints, the competitive landscape, and other important market variables.

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Key Driving Factors: Surge in requirement for improved supply chain visibility

Supply chain visibility enables businesses to monitor accurately where their present processes are underperforming, so that they can be prepared for minor disturbances or catastrophic events and redirect resources for the major outcomes. In addition, it produces reliable, data-driven insights, which can be used to make improvements in business operations. Increase in requirement to improve supply chain visibility and the desire for better transparency of orders, inventory and shipment information further fuel the growth of the market.

Driving factor: Integration of blockchain technology in SCM software 

By incorporating blockchain in supply chain network, companies can obtain a real-time digital ledger of transactions and movements of every participant in their supply chain network. Vendors of the SCM market are incorporating blockchain technology into their software to manage decentralized records of operations to minimize human error as well as operational costs which is compelling the market. 

This report offers the major market player’s profiles, such as The Descartes System Softwares Group Inc., SAP SE, Oracle Corporation, JDA Software Group, Inc., Infor, Manhattan Associates, Epicor Software Corporation, HighJump, Kinaxis Inc., IBM Corporation, E2open, LLC, Top of Form, KewillSystem Softwares, Descartes System Softwares Group, WiseTech Global, Jaggaer, DassaultSystem Softwarees, Vanguard Software, Amadeus and Coupa Software.

Based on Vertical:

The end users of the market are retail & consumer goods, healthcare & pharmaceuticals, manufacturing, food & beverages, transportation & logistics, automotive and other. Retail sector segment is dominating the market. This is owing to increase in complexity of retail supply chain networks over a period of time due to the presence of huge number of suppliers & logistics providers, channels, products and value-added offerings.

The Supply Chain Management Software Market report has been categorized as below

By Component

  • Solution

  • Services

By Solution Type

  • Transportation Management System

  • Warehouse Management System

  • Sourcing & Procurement

  • Supply Chain Planning

  • Manufacturing Execution System

By User Type

  • Small & Medium Sized Enterprises

  • Large Enterprises

By Application

  • Retail & Consumer Goods

  • Healthcare & Pharmaceuticals

  • Manufacturing

  • Food & Beverages

  • Transportation & Logistics

  • Automotive

  • Other

By Region

  • North America

  • Europe

  • Asia Pacific

  • Rest of World

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Published Date : August-2021