Supply Chain Management Market Size to Grow USD 75.6 Billion by 2032 at a CAGR of 10.9% | Valuates Reports

News provided by

Valuates Reports

25 Apr, 2023, 14:30 GMT

BANGALORE, India, April 25, 2023 /PRNewswire/ -- The Global Supply Chain Management Market is Segmented by Component (Solution, Service), by Solution Type (Transportation management system, Warehouse management system, Supply chain planning, Procurement and sourcing, Manufacturing execution system), by Deployment Mode (On-premise, On-Demand/Cloud-Based), by Enterprise Size (Large Enterprise, SMEs), by Industry Vertical (Retail and consumer goods, Healthcare and pharmaceuticals, Manufacturing, Food and beverages, Transportation and logistics, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2022-2032. It is published in Valuates Reports under the Business Services Category.

The global supply chain management market was valued at USD 27.2 Billion in 2022 and is projected to reach USD 75.6 Billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

The major factor is expected to drive the growth of the supply chain management market 

The global SCM market is expanding as a result of increased technical development, investments, and demand for supply chain management services and software across various businesses and industries. Additionally, a rise in the use of SCM software by pharmaceutical and healthcare organizations has a beneficial effect on the expansion of the supply chain management market. During the projection period, it is anticipated that an increase in advanced information and communications technology would present lucrative chances for the SCM market to grow.

Download Free Sample: https://reports.valuates.com/request/sample/ALLI-Manu-0W17/Supply_Chain_Management_Market

TRENDS INFLUENCING THE GROWTH OF SUPPLY CHAIN MANAGEMENT MARKET:

Increased technology development and investment are anticipated to boost operational effectiveness and contribute to growing firm income. These technologies are also being applied to enhance connection, supply chain visibility, transparency, and supply chain management. Additionally, a lot of businesses have been using automation to optimize their supply chains for decades. The speed of change is quickening as a result of technological developments like intelligent automation (IA), which combines robotics and artificial intelligence (AI) to automate complicated machine processes. Major market participants are also investing in and incorporating cutting-edge software technologies like cloud computing, artificial intelligence, machine learning, and other technologies in SCM. This factor is expected to drive the growth of the supply chain management market.

One of the main drivers of the expansion of supply chain management software is the rising demand for demand and supply management solutions. An organization's ability to modify its capacity to meet fluctuations in demand or to manage the amount of demand through marketing or supply chain management tactics is known as demand management. For organizations that rely on the internet, demand management tools assist in producing statistics-based forecasts using data, current occurrences, and incidental circumstances. Demand management makes an automated ecosystem possible by applying it to evaluate supply constraints, financial projections, customer obligations, and inventory counts. The method entails prioritizing demand when supply is weak and forecasting all product and service demand to assist the marketing team. This factor is expected to drive the growth of the supply chain management market.

Additionally, especially during the pandemic, e-commerce platforms have grown in popularity. Consumers have access to a wide range of options through online platforms, which is convenient and time and effort efficient. E-commerce has been more and more popular in recent years thanks to aggressive internet marketing and alluring deals and discounts provided by businesses. The  Supply Chain Management market is expanding as a result of the use of SCM solutions by participants for effective management, planning, and fast delivery of goods to clients due to the rise of the e-commerce industry.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-0W17/supply-chain-management 

SUPPLY CHAIN MANAGEMENT MARKET SHARE ANALYSIS:

North America held the largest regional share of the supply chain management market in 2022, and it is anticipated that it will continue to do so throughout the forecast period due to the region's technical infrastructure and its high rate of advanced technology adoption. However, due to numerous mergers and acquisitions between top suppliers, Asia-Pacific is anticipated to have considerable development during the projection period.

Download Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-0W17/Supply_Chain_Management_Market 

Key Companies:

  • Epicor Software Corporation
  • Highjump
  • Infor
  • International Business Machines Corporation
  • Jda Software Group, Inc.
  • Kinaxis Inc.
  • Manhattan Associates
  • Oracle Corporation
  • Sap Se
  • The Descartes Systems Group Inc.

Buy Chapters: https://reports.valuates.com/request/chaptercost/ALLI-Manu-0W17/Supply_Chain_Management_Market

Buy Now for Single User + Covid-19 Impact : 

https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-0W17&lic=single-user 

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS:

Click here to see related reports on Supply chain management market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
sales@valuates.com 
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports
https://reports.valuates.com/sitemap/html/reports/722 
https://reports.valuates.com/sitemap/html/reports/723 
https://reports.valuates.com/sitemap/html/reports/724 

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

Also from this source

Identity (ID) Verification Market to Reach USD 4915 Million by 2031, Driven by Digital Onboarding and Cybersecurity Needs | Valuates Reports

Identity (ID) Verification Market to Reach USD 4915 Million by 2031, Driven by Digital Onboarding and Cybersecurity Needs | Valuates Reports

Identity (ID) Verification Market is Segmented by Type (Software, Services), by Application (BFSI, Retail and Ecommerce, Tele and Gaming, Healthcare...
Burn-In Test System for Semiconductor Market to Hit USD 1.4 Billion by 2031, Driven by IC and Sensor Demand

Burn-In Test System for Semiconductor Market to Hit USD 1.4 Billion by 2031, Driven by IC and Sensor Demand

Burn-In Test System for Semiconductor Market is Segmented by Type (Static Testing, Dynamic Testing), by Application (Integrated Circuit, Sensor,...
More Releases From This Source

Explore

Computer & Electronics

Computer & Electronics

Supply Chain/Logistics

Supply Chain/Logistics

Supply Chain/Logistics

Supply Chain/Logistics

Computer Software

Computer Software

News Releases in Similar Topics