The Global Supply Chain Management Services Market is estimated to be USD 28.98 Bn in 2023 and is expected to reach USD 48.98 Bn by 2028 growing at a CAGR of 11.07%.Increased adoption of digital technology platforms and initiatives by government amid pandemic
A supply chain is the collection of activities that includes designing a new service or product, procuring raw materials, transforming them into a semi-finished or finished product, transporting them, and distributing or delivering them to end consumers. Supply chain management (SCM) refers to the software that integrates and coordinates all events and provides after-sales support smoothly. Simply said, it is the synchronization of the flow of goods from the source to the user stage. This chain links and connects all the partners, including information system providers, vendors, third-party companies, carriers, and others.
One of the primary elements driving the rise of supply chain management software is the growing demand for demand and supply management solutions. Demand management is a procedure that allows an organization to modify its capacity to meet fluctuations in demand or to manage the amount of demand through marketing or supply chain management tactics. For internet-dependent organizations, demand management tools can help develop statistics-based projections from data, recent occurrences, and random elements.
An enterprise that uses cloud-based SCM has security and privacy concerns. The organization has confidential data that must be protected to avoid data breaches and theft, which could harm the enterprise's overall reputation. Data from the firm may leak across the internet and be accessed by unauthorized people, which is an increasing worry among businesses.
The adoption of SCM software is expanding across various enterprises and organizations since it enables them to efficiently manage the sourcing of raw materials, manufacturing, and assembly of any items or products, boosting market growth. Furthermore, it aids in inventory and warehouse management, order entry, distribution networks, product delivery, demand and supply requirements, and financial information, contributing to market growth.
- Healthcare providers are generally unaware of the benefits of supply chain management technologies. While various supportive initiatives, such as Just-In-Time (JIT) approaches and stockless inventory systems, have been introduced in the market over the years, fully realizing the potential of SCM tools will necessitate increased training in SCM principles, such as improved information and communication within internal departments, information, and measurement systems, and enhanced executive support.
Market Segmentations
- The Global Supply Chain Management Services Market (2023-2028) by Component, Deployment, Organization Size, Vertical, and Geography.
- By Component, the market is classified into Solutions and Services.
- The solution segment accounted for the largest share. Quality assurance, supplier management, and logistics management are all applications of SCM solutions. Over the complicated supply chain, SCM solutions give benefits such as enhanced visibility, increased efficiency, analytics, lower costs, greater agility, and increased compliance. It aids in automating major activities such as order processing, billing, and tracking, reducing time and administrative costs. Excess materials and costs associated with shipping, warehousing, and manufacturing are also identified by SCM systems, which aids in the reduction of excess inventory.
- By Deployment, the market is classified into On-Premises and Cloud-Based.
- The cloud-based segment is expected to rise at a considerable CAGR during the projection period. Businesses are adopting cloud-based solutions to increase adaptability and flexibility in the supply chain process. It also provides other advantages, including enhanced processing capacity, storage, cost-effective pricing structures, and reduced operating costs. These advantages are driving the market growth.
- By Organization Size, the market is classified into Small and Medium Sized Enterprises and Large Enterprises.
- The large enterprise segment accounted for the highest market share in 2022 and is expected to dominate the target market during the forecast period. Increased demand for continuous monitoring systems and automation features such as advanced shipment notification management, customizable notifications, in-transit status updates, user-configurable dashboards, and visual supply chain maps can be attributed to the growth in various large-sized industries.
- By Vertical, the market is classified into Retail & E-commerce, Healthcare, Automotive, Transportation & Logistics, Food & Beverages, Manufacturing, and Others.
- The manufacturing sector accounts for the greatest market share. It is predicted to dominate the target market throughout the forecast period due to the increased need for automation in the manufacturing industry's supply chain process. A robust SCM system can help manufacturers enhance their product manufacturing processes while lowering operating expenses.
- By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific.
- America accounted for most market revenue in 2022 and is expected to continue to dominate the market during the projected period. The presence of many adopters of such software in the region and the region's technological advancement contribute to market growth. Another important element contributing to market growth is the presence of major key players such as IBM, Microsoft, Telus International, and Infor, among others, in the region. As a result of the causes, the use of SCM software in North America is high and contributes significantly to revenue production.
Recent Development
- Logility, Inc. announced software advancements to enhance planning capabilities across the product lifecycle. Manufacturing clients of Logility's digital platform can analyze the global relationships of their integrated supply chain via supply chain network maps. - March 2022
- A.P. Moller-Maersk's acquired Visible SCM integrated logistics service gained a new level of e-commerce experience. - August 2021
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are SAP, Oracle, Blue Yonder Group, Infor, etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of the Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global Supply Chain Management Services Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global Supply Chain Management Services Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Supply Chain Management Services Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.
Report Highlights
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Supply Chain Management Services Market, By Component
7 Global Supply Chain Management Services Market, By Deployment
8 Global Supply Chain Management Services Market, By Organization Size
9 Global Supply Chain Management Services Market, By Vertical
10 Americas' Supply Chain Management Services Market
11 Europe's Supply Chain Management Services Market
12 Middle East and Africa's Supply Chain Management Services Market
13 APAC's Supply Chain Management Services Market
14 Competitive Landscape
15 Company Profiles
16 Appendix
Companies Mentioned
- Blue Yonder Group, Inc.
- Bluejay
- Coupa Software, Inc.
- Epicor Software Corp.
- GainSystems, Inc.
- GEP
- IBM Corp.
- Infor
- Jaggaer
- Kinaxis
- Korber Ag
- LOBB
- Logility, Inc.
- Manhattan Associates, Inc.
- OMP
- Oracle Corp.
- SAP SE
- The Descartes Systems Group, Inc.
- Tive
- Zycus
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 212 |
| Published | February 2024 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 28.98 Billion |
| Forecasted Market Value ( USD | $ 48.98 Billion |
| Compound Annual Growth Rate | 11.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
