Growth Trends in the Supply Chain Management (SCM) Software Market, 2024-2029: A Forecasted $43.52 Billion Landscape

Dublin, Jan. 07, 2025 (GLOBE NEWSWIRE) — The “Supply Chain Management Software Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029F” report has been added to ResearchAndMarkets.com’s offering.

The Supply Chain Management Software Market was valued at USD 22.58 billion in 2023, and is expected to reach USD 43.52 billion by 2029, rising at a CAGR of 11.39%.

The Supply Chain Management (SCM) software market is propelled by several key drivers. Digital transformation mandates businesses to optimize operations and enhance visibility across global supply chains. This shift necessitates robust SCM software to streamline processes and improve efficiency.

Secondly, globalization compels organizations to manage complex networks effectively, driving the adoption of SCM solutions for seamless logistics and cost reduction.

Thirdly, the demand for operational efficiency pushes companies to adopt SCM software to forecast demand accurately, optimize inventory levels, and ensure timely deliveries.

Moreover, the integration of AI and IoT technologies in SCM software enhances predictive capabilities and real-time monitoring, improving decision-making and risk management. Additionally, increasing customer expectations for transparency and sustainability drive the need for SCM software that ensures compliance and meets these evolving demands.

Overall, these factors underscore the pivotal role of SCM software in transforming supply chain operations, driving innovation, and meeting the dynamic needs of modern businesses.

In 2023, the Asia Pacific region emerged as a dominant force in the Global Supply Chain Management (SCM) Software Market, driven by several key factors that underscored its leadership in adoption and growth. Firstly, Asia Pacific’s rapid economic development and industrialization have fueled the expansion of manufacturing and logistics sectors, increasing the demand for advanced SCM solutions. Countries like China, Japan, India, and South Korea have witnessed substantial investments in infrastructure, technology, and digital transformation initiatives, further boosting the adoption of SCM software across various industries.

The region’s diverse and expansive consumer market, coupled with the rise of e-commerce and digital platforms, has heightened the need for efficient supply chain operations. SCM software provides capabilities such as inventory management, order processing, and logistics optimization, enabling businesses to enhance operational efficiency, reduce costs, and meet the growing demands of consumers for faster and more reliable delivery services.

Asia Pacific’s strategic position as a global manufacturing hub has driven the adoption of SCM software to manage complex supply chains spanning multiple countries and regions. SCM solutions facilitate supply chain visibility, collaboration with suppliers and distributors, and risk management, enabling businesses to mitigate disruptions and ensure continuity of operations.

Additionally, the region’s increasing focus on sustainability and regulatory compliance has propelled the adoption of SCM software with capabilities for environmental impact tracking, ethical sourcing, and compliance management. As businesses in Asia Pacific strive to align with global standards and consumer expectations for responsible business practices, SCM software plays a crucial role in supporting these initiatives.

Advancements in technology, including AI, IoT, and cloud computing, have accelerated the adoption of SCM software in Asia Pacific. These technologies enable real-time data analytics, predictive insights, and automation, empowering businesses to optimize supply chain processes, improve decision-making, and drive innovation.

Overall, Asia Pacific’s dominance in the Global SCM Software Market in 2023 reflects its pivotal role in driving economic growth, technological innovation, and supply chain efficiency on a global scale. As businesses continue to prioritize digital transformation and operational excellence, the demand for SCM software in the region is expected to grow, further cementing its leadership position in the global market.

Recent Industry Developments

In July 2024, BigBasket, the online grocery platform owned by Tata Digital, ventured into the enterprise software-as-a-service (SaaS) market with the introduction of its supply chain management platform, BB Matrix.

Key Players Profiled in the Supply Chain Management Software Market

• Blue Yonder, Inc.
• Epicor Software Corporation
• Koch Industries Inc.
• International Business Machines Corporation
• Kinaxis Inc.
• Korber AG
• Manhattan Associates, Inc.
• Oracle Corporation
• SAP SE
• The Descartes Systems Group Inc.

Report Scope

Supply Chain Management Software Market, By Solution Type:

• Transportation Management System
• Warehouse Management System
• Supply Chain Planning
• Procurement and Sourcing
• Manufacturing Execution System

Supply Chain Management Software Market, By Deployment Mode:

Supply Chain Management Software Market, By Industry Vertical:

• Retail and Consumer Goods
• Healthcare and Pharmaceuticals
• Manufacturing
• Food and Beverages
• Transportation and Logistics
• Automotive
• Others

Supply Chain Management Software Market, By Region:

• North America
  • United States
  • Canada
  • Mexico
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
• Europe
  • Germany
  • United Kingdom
  • France
  • Russia
  • Spain
• South America
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Egypt
  • UAE
  • Israel

Key Attributes

For more information about this report visit https://www.researchandmarkets.com/r/l8sj3w

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• Supply Chain Management Software Market