The Supply Chain Management Market: Overview
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%
