The newly published research report titled Supply Chain Management Market provides an in-depth comprehension of the rapidly growing market, shedding light on the most critical insights, findings, and recommendations. It assesses all the key market aspects, including market size, share, trends, and recent developments. Also, an analysis of the major Supply Chain Management market growth drivers, restraints, challenges, and emerging opportunities has been provided. In addition, the report includes a brief market forecast for the upcoming years, along with key recommendations for industry participants.
The research report uses both primary and secondary data sources such as interviews, focus groups, published industry reports, and publicly available information to collect data. Also, a mix of both qualitative and quantitative techniques has been used to process and analyze the data. By going through the research report, stakeholders can devise effective operating strategies to gain a competitive edge.
Market Stats
According to the research report published by Polaris Market Research, the global supply chain management (SCM) market was valued at USD 27.13 billion in 2021 and is expected to reach USD 58.89 billion by 2030, to grow at a CAGR of 9.4% during the forecast period.
Market Dynamics
This report section examines the key shifts occurring within the market and identifies future growth areas. It sheds light on emerging trends, such as increased consumer demand for personalized experiences, a shift towards eco-friendly practices, or the growing adoption of AI and other technologies in business processes. By going through these trends, stakeholders can examine where the market is headed and what factors will define its future growth trajectory.
In addition, technological advancements, such as the development of AI tools, driving transformation within the Supply Chain Management market have been assessed in the research report. An assessment of the implementation of favorable regulations and policies, along with major market opportunities, can be found in this comprehensive research report.
Supply Chain Management Market Growth
The supply chain management market is witnessing substantial growth due to the increasing adoption of AI, blockchain, and IoT for enhanced efficiency and transparency. The COVID-19 pandemic highlighted vulnerabilities in global supply chains, prompting businesses to invest in automation, predictive analytics, and real-time tracking solutions. Additionally, the rise of e-commerce and just-in-time inventory management is further fueling the demand for cloud-based and AI-powered supply chain solutions. Companies are focusing on sustainability, driving innovations in green logistics and circular supply chains. The market is expected to expand as businesses continue optimizing operations to reduce costs and mitigate risks.
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Competitive Landscape
This section of the research report offers an in-depth analysis of all the major market players, covering their operating strategies and competitive dynamics. An assessment of emerging companies gaining traction in the market has been covered in the report. The company profiles for significant players have been provided, covering aspects like product offerings, financial performance, recent innovations, and Supply Chain Management market operating strategies. Competitive strategies of major players, including product innovations, mergers and acquisitions, and partnerships, have been outlined. In addition, SWOT analysis and Porter’s Five Forces analysis for key competitors can be found in the study.
A few of the key market players are:
- Blue Yonder
- BluJay
- Epicor Software Corporation
- Coupa
- GEP
- IBM Corporation
- Infor
- Jaggaer
- Kinaxis Inc.
- Körber
- Logility
- Manhattan Associates
- Oracle Corporation
- SAP
- The Descartes Systems Group Inc.
- Zycus
Market Segmentation
The research report divides the Supply Chain Management market into segments based on shared characteristics. Market segmentation enables businesses to identify specific consumer groups and tailor their offerings to meet their unique needs. By understanding the distinct preferences of each segment, businesses can create more relevant products and marketing strategies, resulting in improved customer satisfaction and loyalty. In addition, by focusing on specific market segments, stakeholders can allocate their resources more efficiently, spending their budgets on segments most likely to provide the highest return on investment. Moreover, market segmentation can help businesses forecast demand and future trends more accurately.
Supply Chain Management, Component Outlook (Revenue – USD Billion, 2018 – 2030)
- Hardware
- Software
- Services
Supply Chain Management, User Type Outlook (Revenue – USD Billion, 2018 – 2030)
- SMEs
- Large Enterprises
Supply Chain Management, Deployment Model Outlook (Revenue – USD Billion, 2018 – 2030)
- On-premise
- Cloud-based
Supply Chain Management, End-Use Industry Outlook (Revenue – USD Billion, 2018 – 2030)
- Retail and Consumer Goods
- Automotive
- Healthcare & Pharmaceuticals
- Food & Beverages
- Transportation & Logistics
- Manufacturing
- Others
Recent Developments
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March 2022: Logility, Inc. introduced enhancements to its software, improving planning capabilities across the product lifecycle. The upgrade features supply chain network maps, enabling users to visualize global relationships within their interconnected networks. Additionally, new Product Lifecycle Management (PLM) dashboards enhance product performance analysis and speed-to-market insights.
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April 2020: Körber partnered with VARGO, a provider of warehouse execution software, material-handling system integration, and fulfillment solutions. Through this collaboration, Körber offers VARGO’s solutions, including the Continuous Order Fulfillment Engine and warehouse execution system, across North America. The partnership also enables VARGO to distribute Körber’s warehouse management system as part of its design solutions.
The Report Answers Questions Such As
• How much is the Supply Chain Management market worth?
• What are the key factors driving market growth?
• What is the projected CAGR for the market during the forecast period?
• Which segment is anticipated to register the fastest growth during the projection period?
• Which region dominated the global market?
• What are the competitive strategies market participants might adopt?
Conclusion
The Supply Chain Management market research report summarizes the study’s major findings, providing a final overview of the market’s current state, future growth prospects, and recommendations for market participants. The market’s key drivers, challenges, and restraints have been restated in the conclusion section. In addition, strategic recommendations for market participants have been provided.
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