PUBLISHER: Allied Market Research | PRODUCT CODE: 1472285
PUBLISHER: Allied Market Research | PRODUCT CODE: 1472285
Supply chain management focuses on the development and delivery of goods with higher efficiency and greater speed. Industry players have developed digital SCM systems to improve efficiency in material handling and delivery. The use of supply chain software enables suppliers, manufacturers, logistics providers, and retailers to efficiently manage product creation, order fulfillment, and information tracking. Rise in technological advancements & investments and surge in demand & usage of supply chain management services & software by various enterprises and industries boost the growth of the global supply chain management market. In addition, the increase in adoption of SCM software in healthcare and pharmaceutical companies positively impacts growth of the supply chain management market. However, lack of awareness about supply chain management software and increase in security and privacy concerns among businesses hamper the supply chain management market growth. On the contrary, an upsurge in advanced information and communications technology is expected to offer remunerative opportunities for expansion of the supply chain management market during the forecast period.
Furthermore, rise in technological advancements & investments and surge in demand & usage of supply chain management services & software by various enterprises and industries boost the growth of the global supply chain management market. In addition, the rise in adoption of SCM software in healthcare and pharmaceutical companies positively impacts growth of the supply chain management market. However, lack of awareness about supply chain management software and increase in security and privacy concerns among businesses hamper the supply chain management market growth. On the contrary, an upsurge in advanced information and communications technology is expected to offer remunerative opportunities for expansion of the supply chain management market during the forecast period.
The supply chain management market is segmented on the basis of by component, solution type, deployment model, enterprise size, industry vertical, and region. By component, the market is bifurcated into solution and services. By solution type, it is classified into transportation management system, warehouse management system, supply chain planning, sourcing & procurement software, and manufacturing execution system. By deployment model, the market is divided into on-premise and cloud based. By enterprise size, it is bifurcated into small & medium-sized enterprises (Small and medium-sized enterprise (SMEs)) and large enterprises. Depending on industry vertical, it is fragmented into retail & consumer goods, healthcare & pharmaceuticals, manufacturing, food & beverages, transportation & logistics, automotive, and other. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the supply chain management market are IBM Corporation, Blue Yonder Group, Inc., Kinaxis, Manhattan Associates, Inc., Oracle Corporation, SAP SE, Epicor Software Corporation, HighJump, Infor, THE DESCARTES SYSTEMS GROUP INC. These players have adopted various strategies such as collaboration, partnership, and product development to increase their market penetration and strengthen their position in the industry.
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