The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increase in the complexities of the modern day supply chain are expected to drive innovation in SCM software manufacturing, thus driving the market during the forecast period.

The global SCM software market is expected to grow from $31.91 billion in 2022 to $37.86 billion in 2023 at a compound annual growth rate (CAGR) of 18.6The global scm software market size is expected to grow to $73.98 billion in 2027 at a CAGR of 18.2%.

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Global SCM Software Market Segments Include:

• By Product:Transportation Management System, Warehouse Management System, Supply Chain Planning, Procurement Software, Manufacturing Execution System
• By Industry Vertical:Consumer Goods, Healthcare & Pharmaceuticals, Manufacturing, Food & Beverages, Transportation & Logistics, Other Industrial Verticals
• 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. Among these regions, Asia Pacific is the largest region in the global SCM software market in 2021.

Major Market Players in the SCM software market include SAP, Oracle, JDA Software Group, Inc., Infor Global Solutions, Manhattan Associates, GT Nexus, Descartes Systems Group.

Supply chains are 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. The information stolen included customer names, credit or debit card number, the card’s expiration date and CVV number.

The SCM Software Global Market Report 2023 provides a SCM software market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The SCM software market forecast analyzes SCM software market size, SCM software market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Supply chain management software refers to a program, platform, or set of tools that help streamline and manage a company’s end-to-end supply chain processes, from assessment and forecasting to managing supplier relationships.

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