PUBLISHER: Grand View Research | PRODUCT CODE: 1888661
PUBLISHER: Grand View Research | PRODUCT CODE: 1888661
The global supply chain management market size was estimated at USD 25.67 billion in 2024, and is projected to reach USD 48.59 billion by 2030, growing at a CAGR of 11.4% from 2025 to 2030. The growth of the supply chain management (SCM) market can be attributed to the rising demand and increased awareness of the benefits of SCM solutions, such as transportation management systems, planning & analytics, forecasting accuracy, warehouse & inventory management, supply chain optimization, procurement & sourcing, waste minimization, manufacturing execution and relevant synthesis of business data.
Organizations have been heavily investing in establishing information connections with their suppliers and buyers to decrease costs, lead times, and quality issues and enhance prompt customized delivery. In recent years, there has been a significant increase in investments in supply chain management across various industries. This trend is driven by the recognition that a well-managed supply chain can provide significant competitive advantages to businesses. Investing in supply chain management helps organizations improve operational efficiency, reduce costs, and enhance customer satisfaction. Organizations can optimize the supply chain to ensure that the right products are delivered to customers at the right time and cost. Moreover, effective supply chain management can also help businesses mitigate risks associated with supply chain disruptions, such as geopolitical issues, natural disasters, and supplier bankruptcies. By implementing risk management strategies and building resilience in the supply chain, businesses can minimize the impact of such disruptions on their operations and the bottom line.
There has been a significant increase in the demand for supply chain management solutions among various end-use verticals, such as retail & e-commerce, transportation & logistics, healthcare, and food & beverages in recent years. The increasing demand for supply chain management solutions can be attributed to factors such as the increasing complexity of supply chains; the need for greater efficiency, better visibility, and risk mitigation; and the growing need for sustainability. Supply chains have become more complex with globalization and the growth of e-commerce. This complexity has made it difficult for companies to manage their supply chains effectively, leading to inefficiencies, delays, and increased costs. As a result, companies are preferring supply chain management solutions to streamline their operations and reduce costs.
Global Supply Chain Management Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global supply chain management market report based on component, deployment, organization, vertical, and region.