Supply Chain Management Market

Analysts at GMI Research estimates that the Supply Chain Management Market was worth USD 28.3 billion in 2022, and forecast to touch USD 62 billion in 2030, growing at a significant higher CAGR 10.3% from 2023-2030.

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Major Supply Chain Management Market Drivers

Rising demand for greater visibility and transparency in the supply chain management along with the continuous growth in the eCommerce and the growing adoption of cloud supply chain management among the SMEs stands to contribute to market development. The lack of visibility and transparency is creating challenges for the supply chain objectives. The supply chain companies are facing difficult in keeping pace with the technological advancement and changes in the digital world. All these factors are supporting the growing demand for supply chain management. This software is specially designed to improve and strengthen the supply chain operations in the organizations by managing the production, inventory, sourcing, transportation, and the supervision of the product’s demand. It also offers better visibility to companies with a cross-functional access and provides exception-based process management platforms. The emerging trend in the supply chain management software market is the increasing usage of blockchain technology. Moreover, the rising amount of data generated in the supply chain has further made the blockchain more transparent, secure, and reliable.

Restraint in the Supply Chain Management Market

The increasing security and privacy concerns among the enterprises is a major factor that is hampering the market growth. In addition to this, the limited awareness related to the supply chain management tools is further hindering the growing demand of the market.

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Organization Size – Segment Analysis

Based on the organization size, the small and medium-sized enterprises is expected to grow at a higher CAGR during the forecast period. Instead of investing in on-premise networking solutions, SMEs are increasingly moving towards cloud-based solutions which are flexible and affordable. The growing adoption of the pay-as-you-go model by SMEs to manage the IT infrastructure according to the specific need is further surging the market growth. The customers are now looking for efficient customer data protection and cost-effective solution in order to have a competitive advantage.

Vertical – Segment Analysis

Based on the vertical, the FMCG segment is expected to dominate the market during the forecast period. This is mainly attributed to the growing requirement for inventory management solutions that help the end-users to keep track of the inventory and shipments. The real-time supply chain visibility is necessary for successful FMCG supply chain execution and unplanned cost avoidance. It also decreases the operating cost and empowers the users to immediate execution and optimization of the orders.

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Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the market during the forecast period. This region has high adoption of supply chain management solutions. The continuous technological advancement and the growing focus on supply chain functions, including warehousing, fulfilments, production, transportation management, among other, is further surging the regional market growth.

Top Market Players

Various notable players operating in the market include SAP SE, Oracle, IBM Corporation, Infor, THE DESCARTES SYSTEMS GROUP INC., Manhattan Associates, American Software, Inc., Kinaxis, Blue Yonder Group, Inc., and Körber AG, among others. 

Key Developments:

• • In 2020, Infor entered into a partnership with MphRx and developed a global situation to help the healthcare companies to manage the COVID-19 vaccine with the real-world clinical data.

Segments covered in the Report:

The global Supply Chain Management market has been segmented on the basis of Component, Deployment Mode, Organization Size, Vertical and regions. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Deployment Mode, the market is segmented into Cloud and On-Premises. Based on Organization Size, the market is segmented into Small and Medium-sized enterprises and Large enterprises. Based on Vertical the market is segmented into Retail and Ecommerce, Healthcare, Manufacturing, Automotive, Transportation and Logistics, and Others. 

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Market Segmentation

Global Supply Chain Management Market by Component

• • Hardware
  • Software
  • Services

Global Supply Chain Management Market by Deployment Mode

• • Cloud
  • On-Premise

Global Supply Chain Management Market by Organization Size

• • Small and Medium-sized enterprises
  • Large enterprises

Global Supply Chain Management Market by Vertical

• • Retail and Ecommerce
  • Healthcare
  • Manufacturing
  • Automotive
  • Transportation and Logistics
  • Others

Global Supply Chain Management Market by Region

• • North America Supply Chain Management Market (Option 1: As a part of the free 25% customization)

    • By Component
    • By Deployment Mode
    • By Organization Size
    • By Vertical
    • US Market All-Up
    • Canada Market All-Up

  • Europe Supply Chain Management Market (Option 2: As a part of the free 25% customization)

    • By Component
    • By Deployment Mode
    • By Organization Size
    • By Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France  Market All-Up
    • Spain  Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Supply Chain Management Market (Option 3: As a part of the free 25% customization)

    • By Component
    • By Deployment Mode
    • By Organization Size
    • By Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Supply Chain Management Market (Option 4: As a part of the free 25% customization)

    • By Component
    • By Deployment Mode
    • By Organization Size
    • By Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Supply Chain Management (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • SAP SE
  • Oracle
  • IBM Corporation
  • Infor
  • THE DESCARTES SYSTEMS GROUP INC.
  • Manhattan Associates
  • American Software, Inc.
  • Kinaxis
  • Blue Yonder Group, Inc.
  • Körber AG