Supply Chain Management Market Size, Industry Analysis Report By Component (Solutions, Services), By Solution Type (Transportation Management System, Warehouse Management System, Sourcing And Procurement, Supply Chain Planning, Manufacturing Execution System), By Deployment Model (On-Premise, On-Demand/ Cloud Based), By End-Type (Small And Medium Sized Enterprises, Large Enterprises) & Region – Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 215
- CATEGORY
- Banking & Finance
The Supply Chain Management Market is valued at around USD 18,699.45 million in 2022 and is expected to reach USD 52,632.37 million by 2030, registering a CAGR of 10.7% over the forecast period. The handling of a good or service's entire production flow, from the raw materials to the delivery of the finished product to the customer, is known as supply chain management. A business establishes a network of suppliers (or ""links"" in the chain"") to move the product from raw material suppliers to businesses that deal with customers directly.
The Supply Chain Management Market - Growth Factor
Growing demand for supply chain management (SCM) market solutions from both large enterprises and small and medium-sized enterprises (SMEs), as well as growing knowledge of the advantages offered by SCM solutions, such as supply chain optimization, forecasting accuracy, meaningful synthesis of business data, and waste minimization, are likely to fuel demand for SCM solutions in the years to come. In contrast to the 8.6% CAGR observed between 2016 and 2020, it is predicted that SCM sales will increase at a rate of 11.4% between 2021 and 2031. SCM has become a tactical operations tool in the quest to eliminate supply channel costs, streamline channel communications, and connect customers to the value-added resources located along the supply chain continuum.
The Supply Chain Management Market – Market Trends
• A supply chain is the collection of activities that includes developing new goods or services, acquiring raw materials, processing those materials into semi-finished or finished goods, transporting those goods, and distributing or delivering them to customers.
• Supply chain management refers to the group of applications used to coordinate and integrate all the aforementioned events in a seamless manner as well as to offer customer support after the sale (SCM).
• It is simply the coordinated management of the flow of goods from the source to the user stage.
• The links and connections in this chain connect each of the partners, including information system providers, vendors, independent contractors, carriers, and others.
The Supply Chain Management Market – Segmentation
The Supply Chain Management Market fragrance concentrates market has been sub-classified into component, solution type, deployment model, user type, industry vertical, and others.
On the basis of component, the Supply Chain Management Market is bifurcated into:
• Solutions
• Services
• Others
On the basis of solution type, the market is segmented into:
• Transportation management system
• Warehouse management system
• Sourcing and procurement
• Supply chain planning
• Manufacturing execution system
• Others
On the basis of deployment model, the market segmented into:
• On-premise
• On-demand/ cloud based
• Others
On the basis of end-type, the market segmented into:
• Small and medium sized enterprises
• Large enterprises
• Others
On the basis of industry vertical, the market is segmented into:
• Retail and consumer goods
• Healthcare and pharmaceuticals
• Manufacturing
• Food and beverages
• Transportation and logistics
• Automotive
• Others
The Supply Chain Management Market –Regional Analysis
North America dominated the global Supply Chain Management Market, the largest revenue share of the market in 2021 and is anticipated to rule the market for the duration of the forecast. The vast number of people who use this software in the area and the fact that it is advancing technologically both contribute to the market's expansion. Another important factor influencing market growth is the presence of major key players operating in the area, including IBM, Microsoft, Telus International, and Infor.
The Supply Chain Management Market – Key Market players
Global key players of Supply Chain Management Market include SAP SE; Oracle; Blue Yonder Group Inc.; Infor; Manhattan Associates; Coupa Software Inc.; IBMl; Logility, Inc.; Korber AG; Epicor Software Corporation, and others.
Report scope
Global Supply Chain Management Market: Historical Years- 2018-2021
Global Supply Chain Management Market: Forecast Years- 2022-2030
Global Supply Chain Management Market 2022- USD 18,699.45 million
Global Supply Chain Management Market 2030- USD 52,632.37 million
Global Supply Chain Management Market CAGR- 10.7%
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
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In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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