Market Definition
The Supply Chain Management (SCM) market involves technologies, solutions, and services designed to optimize and manage the flow of goods, information, and finances across the supply chain. SCM encompasses a range of processes, including procurement, production, inventory management, logistics, and distribution. The primary goal is to enhance efficiency, reduce costs, and improve overall supply chain performance by integrating and coordinating activities from suppliers to end customers.
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Market Outlook
The Supply Chain Management market is witnessing significant growth, driven by the increasing complexity of global supply chains and the need for greater efficiency and visibility. The rise of e-commerce, globalization, and technological advancements are reshaping supply chain operations and fueling demand for SCM solutions.
Technological innovations are a key factor driving the growth of the SCM market. The integration of technologies such as artificial intelligence (AI), machine learning, blockchain, and the Internet of Things (IoT) is transforming supply chain processes. AI and machine learning are enhancing demand forecasting, predictive analytics, and automation, while blockchain technology is improving transparency and traceability. IoT devices are providing real-time data on inventory and logistics, enabling better decision-making and process optimization.
The growing emphasis on supply chain resilience and agility is also contributing to market growth. Businesses are increasingly focusing on building robust supply chains capable of adapting to disruptions, such as natural disasters, geopolitical events, and pandemics. SCM solutions that offer advanced risk management, scenario planning, and supply chain visibility are in high demand to address these challenges.
Despite the positive outlook, the SCM market faces challenges such as the high cost of implementation and integration, data security concerns, and the need for skilled professionals. However, ongoing advancements in technology and the growing need for efficient supply chain management are expected to drive the market forward.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The report analyses the global Supply Chain Management (SCM) Market based on solution, deployment mode, organization size, industry vertical, and region.
Supply Chain Management (SCM) Market by Solution
Based on solution, the Supply Chain Management (SCM) Market is segmented into services and software. The software segment is expected to dominate the market during the forecast period. Quality assurance, supplier management, and logistics management are all applications of SCM solutions. Over the complicated supply chain, SCM systems give benefits such as enhanced visibility, increased efficiency, analytics, lower costs, more agility, and increased compliance. It aids in the automation of important activities such as order processing, billing, and order tracking, resulting in reduced time and administrative costs. surplus materials and expenses associated with shipping, warehousing, and manufacturing are also identified by SCM systems, which aids in the reduction of surplus inventory.
During the projected period, the service segment is predicted to grow the quickest. SCM services help businesses enhance their supply chain operations by providing data-driven insights. Real-time predictive production cost assessment services are provided to discover process inefficiencies and possibilities. It successfully implements data-driven sales and operations planning, as well as inventory management, to help save costs. Manufacturing activities may be monitored using SCM services to improve performance and decrease risk.
Supply Chain Management (SCM) Market by Deployment Mode
By deployment mode, the market is classified into on-premises, and cloud. The cloud segment dominated the market in 2023 in terms of revenue and is expected to dominate the market during the forecast period. Cloud-based solutions are being adopted by businesses 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 a reduction in operating costs. These advantages are driving market expansion.
Global Supply Chain Management (SCM) Market by Organization Size
Based on organization size, the Supply Chain Management (SCM) Market is segmented into small & medium enterprises and large enterprise. In 2023, the large enterprises segment dominated the market in terms of revenue and is expected to be the same during the upcoming years. 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 a variety of large-sized industries. SCM also gives access to exact real-time freight statistics as well as the ability to develop reports that allow major organizations to make better business choices such as supply planning, inventory planning, and distribution planning, among other things. The market is expanding as a result of a significant increase in the need for software in major organizations to gather critical business data such as inventory numbers, predicted sales data, supplier details, and so on. For example, in November 2022, Microsoft announced the debut of the Microsoft supply chain platform and provided a demonstration of the technology through the Microsoft Supply Chain Center. Microsoft’s supply chain center is intended to work with an organization’s existing supply chain apps and data.
During the projected period, the small and medium-sized company (SMEs) category is predicted to grow the quickest. In supply chain operations, SCM provides flexibility, scalability, and cost savings. Implementing SCM solutions and services would boost SMEs’ profitability and desired outcomes while also improving operational efficiencies. Due to the COVID-19 epidemic, startups and SMEs were in a vulnerable position as they tried to regulate unpredictable demand, resource efficiency, and rising supply chain costs. For example, Locus, a worldwide B2B SaaS firm, announced the launch of QuickStart for small and medium-sized organizations (SMEs) in April 2019. QuickStart is a self-service version of the product suite aimed to help SMEs improve the efficiency of their supply chains in the aftermath of the COVID-19 outbreak.
Supply Chain Management (SCM) Market by Industry Vertical
Based on industry vertical, the Supply Chain Management (SCM) Market is segmented into manufacturing, automotive, healthcare, retail & e-commerce, and others. The manufacturing segment is expected to dominate the market during the forecast period. In the industrial business, there is an increasing demand for automation in the supply chain process. Implementing a robust SCM system may help manufacturers enhance their product manufacturing processes while also lowering operational expenses. For example, Logility, Inc. announced software upgrades in March 2022 to improve planning capabilities across the product lifecycle. Manufacturing clients of Logility’s digital platform may use supply chain network maps to evaluate the worldwide linkages of their integrated supply chain.
During the projected period, the retail and e-commerce segments are predicted to grow the quickest. E-commerce SCM is concerned with acquiring raw materials, producing, and delivering the product at the appropriate time. It entails supply and demand management, warehousing, inventory monitoring, order processing, and customer delivery.
Major Players
The supply chain management (SCM) market report includes players such as IBM Corporation, Oracle Corporation, SAP SE, Manhattan Associates, Descartes Systems Group Inc., Kinaxis, E2open, LLC, Basware Corporation, WiseTech Global, and Infor, among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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