The Supply Chain Management Market was estimated to be worth USD 26.8 billion in 2022 and is projected to reach USD 62.20 billion by 2030, growing at a CAGR of 11.1% from 2023 to 2030.
A supply chain is the collection of activities that include 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 (SCM) is the collective name for the set of programs used for the smooth synchronization, planning, and post-sale assistance of all the aforementioned activities. It is only the coordinated management of the movement of goods from the point of origin to the point of use. Each of the partners, including information system providers, vendors, independent contractors, carriers, and others, are connected via the links and connections in this chain.
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SCM software is becoming more widely used by a range of enterprises and organizations since it enables them to efficiently manage the sourcing of raw materials, manufacturing, and assembling of any items or products, which is driving the market's growth. Furthermore, it aids in the management of order entry, supply chains, product delivery, demand & supply requirements, financial data, and inventory tracking, all of which support the market's ongoing growth. Additionally, it gives management the opportunity to strategically use the business' distribution network, which is once again fueling market expansion.
Drivers
SMEs are increasingly utilizing cloud supply chain management
Modern organizations are heavily reliant on technology. Large organizations have a separate IT department for monitoring and maintaining company processes, however the majority of startups and SMEs lack a functioning IT department system on their own. The justification is that maintaining and managing an IT department costs more money. Therefore, the majority of SMEs and startups choose to use a cloud-based SCM system so they can benefit from an IT department's services without having to hire additional staff or incur additional expenses.
Internal workers may now concentrate on continuing business activities thanks to this. For SMEs, the scalability offered by the cloud-based SCM's storage flexibility is essential. It will help them manage unplanned growth during the first year of operation.
Restrains
SCM Challenges Are Created by Outsourcing Manufacturing Operations and Procurement Procedures to Different Geographic Locations.
Rapid increasing concern related to privacy and security among the enterprises
Opportunities
Technology developments have triggered the supply chain business to continue to grow.
Continuous advancement in the E-commerce sector are create opportunities for the market.
Challenges
Few people are aware of supply chain management tools.
Healthcare professionals are not well-informed about supply chain management technologies and their advantages. Stockless inventory systems and other supportive initiatives have been introduced in the market over the years, but to fully utilize SCM tools, more training on SCM principles, such as improved internal departmental information and communication, information and measurement systems, and increased executive support, will be necessary.
The COVID-19 pandemic significantly benefited the target market. The lockdown was implemented in every nation on earth to halt the SARS-CoV-2 virus from spreading further. Due to this, the supply chain was disrupted globally, there was a lack of raw materials, and the supply and demand for commodities and products were not met. This has led to a sharp increase in the adoption of SCM across a wide range of industries, increasing its applicability globally. Every aspect of industries is being transformed by the digital revolution, and the use of digitized SCM systems by enterprise vendors and third-party suppliers is helping to develop the global industry.
Supply chain issues are currently being made worse by the Russia-Ukraine war. Russia's commodity exports have decreased as a result of this conflict. Global commodity prices, including those for food, fuel, and other basic necessities, are steadily rising. On the other hand, manufacturers in Germany and Japan are immediately impacted by the absence of raw materials and components from Ukraine. Many nations have restricted their airspace to Russian aircraft due to the closing of borders and tightening of restrictions regarding Russia, which has immediately increased the cost of shipping cargo from Europe to Asian nations. Due to this, trade becomes prohibitively expensive and impractical from a business perspective.
Impact of Recession.
A recession has the potential to exacerbate the numerous challenges that are currently afflicting global supply chains. These challenges include escalating transportation expenses and inflation, persistent labor shortages, fluctuating demand, and a scarcity of essential goods. While it is impossible to predict the timing or severity of a recession, comprehending how it could impact supply chains can assist organizations in minimizing its effects.
In essence, a recession could lead to a further increase in transportation costs and inflation, making it even more difficult for companies to maintain their profit margins. Additionally, labor shortages could become even more acute, as companies may be forced to lay off workers in order to cut costs. Furthermore, demand for goods could become even more volatile, as consumers may reduce their spending in response to economic uncertainty. Finally, the scarcity of critical goods could become even more pronounced, as companies struggle to secure the resources, they need to keep their operations running smoothly.
By Component
Supply chain planning
Procurement and sourcing
Manufacturing execution system
Service
Professional Services
Managed Services
By Enterprise Size
Large Enterprise
SMEs
By Deployment
On-premises
Cloud-based
By Industry Vertical
Retail and consumer goods
Healthcare and pharmaceuticals
Manufacturing
Food and beverages
Transportation and logistics
Automotive
Others
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North America is the technologically most advanced region of the world in terms of SCM vendor presence. In North America, SCM services and products are widely used. In North America, the United States dominates its SCM market. Several sectors in the area, including BFSI, healthcare, retail, manufacturing, and retail, have embraced SCM services. The growing IoT trend and focus on increasing the effectiveness of supply chain activities such as logistics, warehousing, fulfillment, production, and transportation management have increased the need for SCM in the region.
The need for SCM in the Asia-Pacific area is anticipated to increase as a result of significant infrastructure investments made by governments and private businesses, particularly in India and Indonesia. The size of shipments and deliveries of raw materials, work-in-progress (WIP), and finished items are expanding globally thanks to the newest developments in trucking, containerization, and computerization, which are successfully regulating supply chain cost, quality, and delivery. Improving. SCM services and software. In the regional analysis study of the regions of North America, Europe, Asia Pacific middle east, and Africa.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The Major Players are SAP, IBM Corporation, Blue Yonder Group, Inc., Kinaxis, BluJay, Manhattan Associates, Inc., Oracle Corporation, The Descartes Systems Group Inc., Epicor Software Corporation, Zycus, Highjump., Infor, OMP and others in the final report.
The professional information, software, and services company Wolters Kluwer attended the North American Supply Chain Executive Summit (NASCES) in Chicago, Illinois, in August 2022. In order to benchmark, network, learn, and exchange solutions to global issues facing every supply chain worker in their everyday work, this event brings together service and solution suppliers and industry experts.
NTT Data and SAP Japan and Asia Pacific have jointly developed a supply chain insurance management system, which was launched in July 2022. The "Connected Product" solution was created in collaboration with SAP SE and NTT Data, two IT services leaders and digital enterprises.
| Report Attributes | Details |
| Market Size in 2022 | US$ 26.8 Bn |
| Market Size by 2030 | US$ 62.20 Bn |
| CAGR | CAGR of 11.1% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Solution (Transportation management system, Warehouse management system, Supply chain planning, Procurement and sourcing, Manufacturing execution system), Service (Professional Services, Managed Services)) • By Enterprise Size (Large Enterprise, SMEs) • By Deployment (On-premises, Cloud-based) • By Industry Vertical (Retail and consumer goods, Healthcare and pharmaceuticals, Manufacturing, Food and beverages, Transportation and logistics, Automotive, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | SAP, IBM Corporation, Blue Yonder Group, Inc., Kinaxis, BluJay, Manhattan Associates, Inc., Oracle Corporation, The Descartes Systems Group Inc., Epicor Software Corporation, Zycus, Highjump., Infor, OMP |
| Key Drivers | • SMEs are increasingly utilizing cloud supply chain management. |
| Market Restraints | • SCM Challenges Are Created by Outsourcing Manufacturing Operations and Procurement Procedures to Different Geographic Locations. • Rapid increasing concern related to privacy and security among the enterprises |
Ans: The Supply Chain Management Market size was valued at US$ 26.8 Bn in 2022.
Ans:The Supply Chain Management Market is to grow at a CAGR of 11.1% over the forecast period 2023-2030.
Ans. The forecast period for the Supply Chain Management Market is 2022-2030.
Ans. SMEs are increasingly utilizing cloud supply chain management is the key growth factor drives the market.
Ans. The major worldwide key players in the Supply Chain Management Market are IBM Corporation, Blue Yonder Group, Inc., Kinaxis, BluJay, Manhattan Associates, Inc., Oracle Corporation, The Descartes Systems Group Inc., Epicor Software Corporation, Zycus, Highjump., Infor, OMP and others in the final report.
Table of Contents
1.Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Supply Chain Management Market Segmentation, By Component
8.1 Solution
8.1.1 Transportation management system
8.1.2 Warehouse management system
8.1.3 Supply chain planning
8.1.4 Procurement and sourcing
8.1.5 Manufacturing execution system
8.2 Service
8.2.1 Professional Services
8.2.2 Managed Services
9. Supply Chain Management Market Segmentation, By Enterprise Size
9.1 Large Enterprise
9.2 SMEs
10. Supply Chain Management Market Segmentation, By Deployment
10.1 On-premises
10.2 Cloud-based
11. Supply Chain Management Market Segmentation, By Industry Vertical
11.1 Retail and consumer goods
11.2 Healthcare and pharmaceuticals
11.3 Manufacturing
11.4 Food and beverages
11.5 Transportation and logistics
11.6 Automotive
11.7 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Supply Chain Management Market by Country
12.2.2North America Supply Chain Management Market by Component
12.2.3 North America Supply Chain Management Market by Enterprise Size
12.2.4 North America Supply Chain Management Market by Solution Type
12.2.5 North America Supply Chain Management Market by Industry Vertical
12.2.6 USA
12.2.6.1 USA Supply Chain Management Market by Component
12.2.6.2 USA Supply Chain Management Market by Enterprise Size
12.2.6.3 USA Supply Chain Management Market by Solution Type
12.2.6.4 USA Supply Chain Management Market by Industry Vertical
12.2.7 Canada
12.2.7.1 Canada Supply Chain Management Market by Component
12.2.7.2 Canada Supply Chain Management Market by Enterprise Size
12.2.7.3 Canada Supply Chain Management Market by Solution Type
12.2.7.4 Canada Supply Chain Management Market by Industry Vertical
12.2.8 Mexico
12.2.8.1 Mexico Supply Chain Management Market by Component
12.2.8.2 Mexico Supply Chain Management Market by Enterprise Size
12.2.8.3 Mexico Supply Chain Management Market by Solution Type
12.2.8.4 Mexico Supply Chain Management Market by Industry Vertical
12.3 Europe
12.3.1 Europe Supply Chain Management Market by Country
12.3.2 Europe Supply Chain Management Market by Component
12.3.3 Europe Supply Chain Management Market by Enterprise Size
12.3.4 Europe Supply Chain Management Market by Solution Type
12.3.5 Europe Supply Chain Management Market by Industry Vertical
12.3.6 Germany
12.3.6.1 Germany Supply Chain Management Market by Component
12.3.6.2 Germany Supply Chain Management Market by Enterprise Size
12.3.6.3 Germany Supply Chain Management Market by Solution Type
12.3.6.4 Germany Supply Chain Management Market by Industry Vertical
12.3.7 UK
12.3.7.1 UK Supply Chain Management Market by Component
12.3.7.2 UK Supply Chain Management Market by Enterprise Size
12.3.7.3 UK Supply Chain Management Market by Solution Type
12.3.7.4 UK Supply Chain Management Market by Industry Vertical
12.3.8 France
12.3.8.1 France Supply Chain Management Market by Component
12.3.8.2 France Supply Chain Management Market by Enterprise Size
12.3.8.3 France Supply Chain Management Market by Solution Type
12.3.8.4 France Supply Chain Management Market by Industry Vertical
12.3.9 Italy
12.3.9.1 Italy Supply Chain Management Market by Component
12.3.9.2 Italy Supply Chain Management Market by Enterprise Size
12.3.9.3 Italy Supply Chain Management Market by Solution Type
12.3.9.4 Italy Supply Chain Management Market by Industry Vertical
12.3.10 Spain
12.3.10.1 Spain Supply Chain Management Market by Component
12.3.10.2 Spain Supply Chain Management Market by Enterprise Size
12.3.10.3 Spain Supply Chain Management Market by Solution Type
12.3.10.4 Spain Supply Chain Management Market by Industry Vertical
12.3.11 The Netherlands
12.3.11.1 Netherlands Supply Chain Management Market by Component
12.3.11.2 Netherlands Supply Chain Management Market by Enterprise Size
12.3.11.3 Netherlands Supply Chain Management Market by Solution Type
12.3.11.4 Netherlands Supply Chain Management Market by Industry Vertical
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Supply Chain Management Market by Component
12.3.12.2 Rest of Europe Supply Chain Management Market by Enterprise Size
12.3.12.3 Rest of Europe Supply Chain Management Market by Solution Type
12.3.12.4 Rest of Europe Supply Chain Management Market by Industry Vertical
12.4 Asia-Pacific
12.4.1 Asia Pacific Supply Chain Management Market by Country
12.4.2 Asia Pacific Supply Chain Management Market by Component
12.4.3 Asia Pacific Supply Chain Management Market by Enterprise Size
12.4.4Asia Pacific Supply Chain Management Market by Solution Type
12.4.5Asia Pacific Supply Chain Management Market by Industry Vertical
12.4.6 Japan
12.4.6.1 Japan Supply Chain Management Market by Component
12.4.6.2 Japan Supply Chain Management Market by Enterprise Size
12.4.6.3 Japan Supply Chain Management Market by Solution Type
12.4.6.4 Japan Supply Chain Management Market by Industry Vertical
12.4.7 South Korea
12.4.7.1 South Korea Supply Chain Management Market by Component
12.4.7.2 South Korea Supply Chain Management Market by Enterprise Size
12.4.7.3 South Korea Supply Chain Management Market by Solution Type
12.4.7.4 South Korea Supply Chain Management Market by Industry Vertical
12.4.8 China
12.4.8.1 China Supply Chain Management Market by Component
12.4.8.2 China Supply Chain Management Market by Enterprise Size
12.4.8.3 China Supply Chain Management Market by Solution Type
12.4.8.4 China Supply Chain Management Market by Industry Vertical
12.4.9 India
12.4.9.1 India Supply Chain Management Market by Component
12.4.9.2 India Supply Chain Management Market by Enterprise Size
12.4.9.3 India Supply Chain Management Market by Solution Type
12.4.9.4 India Supply Chain Management Market by Industry Vertical
12.4.11 Australia
12.4.10.1 Australia Supply Chain Management Market by Component
12.4.10.2 Australia Supply Chain Management Market by Enterprise Size
12.4.10.3 Australia Supply Chain Management Market by Solution Type
12.4.10.4 Australia Supply Chain Management Market by Industry Vertical
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Supply Chain Management Market by Component
12.4.11.2 APAC Supply Chain Management Market by Enterprise Size
12.4.11.3 APAC Supply Chain Management Market by Solution Type
12.4.11.4 APAC Supply Chain Management Market by Industry Vertical
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Supply Chain Management Market by Country
12.5.2 The Middle East & Africa Supply Chain Management Market by Component
12.5.3 The Middle East & Africa Supply Chain Management Market by Enterprise Size
12.5.4The Middle East & Africa Supply Chain Management Market by Solution Type
12.5.5 The Middle East & Africa Supply Chain Management Market by Industry Vertical
12.5.6 Israel
12.5.6.1 Israel Supply Chain Management Market by Component
12.5.6.2 Israel Supply Chain Management Market by Enterprise Size
12.5.6.3 Israel Supply Chain Management Market by Solution Type
12.5.6.4 Israel Supply Chain Management Market by Industry Vertical
12.5.7 UAE
12.5.7.1 UAE Supply Chain Management Market by Component
12.5.7.2 UAE Supply Chain Management Market by Enterprise Size
12.5.7.3 UAE Supply Chain Management Market by Solution Type
12.5.7.4 UAE Supply Chain Management Market by Industry Vertical
12.5.8South Africa
12.5.8.1 South Africa Supply Chain Management Market by Component
12.5.8.2 South Africa Supply Chain Management Market by Enterprise Size
12.5.8.3 South Africa Supply Chain Management Market by Solution Type
12.5.8.4 South Africa Supply Chain Management Market by Industry Vertical
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Supply Chain Management Market by Component
12.5.9.2 Rest of Middle East & Asia Supply Chain Management Market by Enterprise Size
12.5.9.3 Rest of Middle East & Asia Supply Chain Management Market by Solution Type
12.5.9.4 Rest of Middle East & Asia Supply Chain Management Market by Industry Vertical
12.6 Latin America
12.6.1 Latin America Supply Chain Management Market by Country
12.6.2 Latin America Supply Chain Management Market by Component
12.6.3 Latin America Supply Chain Management Market by Enterprise Size
12.6.4 Latin America Supply Chain Management Market by Solution Type
12.6.5 Latin America Supply Chain Management Market by Industry Vertical
12.6.6 Brazil
12.6.6.1 Brazil Supply Chain Management Market by Component
12.6.6.2 Brazil Africa Supply Chain Management Market by Enterprise Size
12.6.6.3 Brazil Supply Chain Management Market by Solution Type
12.6.6.4 Brazil Supply Chain Management Market by Industry Vertical
12.6.7 Argentina
12.6.7.1 Argentina Supply Chain Management Market by Component
12.6.7.2 Argentina Supply Chain Management Market by Enterprise Size
12.6.7.3 Argentina Supply Chain Management Market by Solution Type
12.6.7.4 Argentina Supply Chain Management Market by Industry Vertical
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Supply Chain Management Market by Component
12.6.8.2 Rest of Latin America Supply Chain Management Market by Enterprise Size
12.6.8.3 Rest of Latin America Supply Chain Management Market by Solution Type
12.6.8.4Rest of Latin America Supply Chain Management Market by Industry Vertical
13. Company Profile
13.1 SAP
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 IBM Corporation.
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Blue Yonder Group, Inc.
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Kinaxis.
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Manhattan Associates, Inc.
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Oracle Corporation.
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 The Descartes Systems Group Inc.
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Epicor Software Corporation.
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Infor.
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Zycus.
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
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