The Global Supply Chain Management Software Market Report by The Business Research Company covers supply chain management software market drivers and restraints, supply chain management software market size, major players, and the impact of COVID-19 on the supply chain management software market.

The supply chain management (SCM) software market consists of sales of supply chain management software and related services by entities (organizations, sole traders and partnerships) that produce supply chain management software, including businesses that are involved in design, documentation, installation and support services, production, and distribution of supply chain management software. Companies in this industry undertake operations such as transportation management systems, warehouse management systems, supply chain planning and procurement software for both small- and medium-sized enterprises and large enterprises.

The global supply chain management software market is expected to grow from $14,655.8 million in 2019 to $19,023.3 million in 2023 at a rate of 6.7%. The growth is mainly due to the increasing demand for supply chain management software fueled by supply chain disruptions caused by the pandemic. The market is expected to grow from $19,023.3 million in 2023 to $22,147.7 million in 2025 at a rate of 7.9%. The market is expected to grow and reach $29,016.4 million in 2030 with a rate of 5.6%.

The supply chain management software is expected to be driven by cost savings caused by utilizing SCM software. With businesses going global and increased competition, supply chains are getting more complex. The number of suppliers, orders received/completed, variety of product offerings and information generated all have increased substantially. Through the use of SCM software, complexity can be reduced along with cost and resource savings. The need for companies to remain relevant in the market amidst the highly competitive conditions is a crucial driver for the growth of the SCM software market. For instance, Home Depot, one of the biggest retailers selling home improvement and construction products and services, used to have separate logistics management departments in every single physical store to utilize replenishment and store management-related activities. This was costly as each store had to process the replenishment orders to get the required materials from the suppliers separately. However, with the help of technology and the right SCM software solutions, Home Depot’s new centralized inventory and replenishment department’s overall performance improved demand forecast accuracy and decreased the cost of operations for the replenishment orders.

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Some supply chain management software market trends include using use of blockchain technology. As it is more transparent, secure and reliable. Moreover, one of the trends in the supply chain management software market has been the implementation of the digital supply chain twin (DSCT). A DSCT is a digital copy of the physical supply chain, which uses the most relevant data. The DSCT is useful for making local and end-to-end decision making.

Global supply chain management software market segments include:

1) By Product: Transportation Management System, Warehouse Management System, Supply Chain Planning And Procurement Software

2) By Industry Vertical: Consumer Goods, Healthcare & Pharmaceuticals, Food & Beverages, Transportation & Logistics, Others

3) By Type Of User: Small & Medium-Sized Enterprises (SMEs), Large Enterprises

4) 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 Supply Chain Management Software Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides supply chain management software market overviews, analyzes and forecasts market size, share, supply chain management software market players, supply chain management software market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The supply chain management software identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Supply Chain Management Software Opportunities And Strategies: Forecast 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 SE, Oracle Corporation, Yonder Group, Inc. (JDA Software), Coupa Software Inc., Infor Global Solutions

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 Supply Chain Management 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 Supply Chain Management Software Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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