Global SCM Software Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global SCM Software Market Report by The Business Research Company covers SCM software market drivers and restraints, SCM software market size, major players, and the impact of COVID-19 on the SCM software market.
The supply chain management (SCM) software market consists of sales of supply chain management software. The SCM software manages the flow of products and information across the supply chain, thereby strengthening the supply chain operations in an organization. Softwares such as SCMs are used to bring equilibrium between supply and demand by improving business processes and plan the future needs by using algorithms which provides consumption analysis.
SCM softwares can manage the complexities of the modern day supply chain. With businesses going global and increased competition, the supply chains are getting complex.
The global SCM software market is expected to grow from $17.51 billion in 2020 to $18.96 billion in 2021 at a compound annual growth rate (CAGR) of 8.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $31.48 billion in 2025 at a CAGR of 13.5%.
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Some SCM software market trends include supply chains continuously evolving with data at the center of every stage in the value chain. With a huge amount of data generated, there is an enormous challenge in the form of data and IT security risks. Protecting the privacy and still sharing data across the supply chain is a major challenge which could become a roadblock for the SCM software industry. The Target breach was caused by lax security at an HVAC vendor wherein personal information of as many as 70 million people was compromised.
Global SCM software market segments include:
1) By Product: Transportation Management System, Warehouse Management System, Supply Chain Planning, Procurement Software, Manufacturing Execution System.
2) By Industry Vertical: Consumer Goods, Healthcare & Pharmaceuticals, Manufacturing, Food & Beverages, Transportation & Logistics, Others.
3) By User Type: Small & Medium Sized Enterprises (SMEs), Large Enterprises.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The SCM Software Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides SCM software market overviews, analyzes and forecasts market size, share, SCM software market players, SCM software market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The SCM software market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read SCM Software Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: SAP , Oracle , JDA Software Group, Inc, Infor Global Solutions , Manhattan Associates, GT Nexus , Descartes Systems Group, IBM Corporation, Kinaxis Inc. , High Jump, Epicor Software Corporation, Kewill Systems , BluJay Solutions, IFS, Verizon Connect , SPS Commerce, Inc., Dassault Systemes, Coupa, Basware, WiseTech Global, e2open, Jaggaer, GEP, Zycus , Plex Manufacturing Cloud, QAD, Inc., Sage, Vanguard Software, Quintiq, Unit4.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The SCM software Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The SCM software Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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