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Global Supply Chain Management Software Market to Grow at a CAGR of 15.4% During 2021-2026, Aided by the Rising Demand for Transparency in the Supply Chain Processes

According to a new report by EMR titled, ‘Global Supply Chain Management Software Market Report and Forecast 2021-2026’, the market attained a value of around USD 14.27 billion in 2020. It is further expected to witness a healthy growth in the forecast period, growing at a CAGR of 15.4% between 2021 and 2026 to reach USD 33.64 billion by 2026.

The global supply chain management software industry is being driven by the rising demand for transparency in various processes involved in supply chain operations worldwide. In addition, with the rapid technological advancements, cloud-based deployment models are increasingly being deployed to help with the storage of a large amount of data while also providing access to the same from anywhere at any time. Furthermore, these cloud-based solutions also offer customer data protection and help to save on maintenance costs. Moreover, small and medium-sized enterprises are also actively adopting supply chain management software systems to enhance their business operations.

The growing focus of the leading players to develop advanced technological solutions is expected to aid the market. For instance, according to a press release issued by Oracle Corporation (NYSE: ORCL), dated January 2021, the company announced to release new updates for its Oracle Fusion Cloud Global SCM—Oracle Transportation Management (OTM) and Oracle Global Trade Management (GTM), which are aimed at helping shippers make cost-effective and better planning decisions, and, thus, improve customer experience. The updates include machine learning, connected logistics, ocean enhancements, and 3D load configuration editor, among others. Furthermore, there has been a rise in adoption of supply chain management software by many companies operating across different industry verticals to streamline their operations and strengthen their distribution channels. In June 2021, IBM Corporation (NYSE: IBM), a leading supply chain management software vendor, announced the adoption of the IBM Sterling Supply Chain Software by Pandora, a leading jewelry brand, which observed a rapid growth in its online sales with the help of IBM software, as it transformed and scaled its global omnichannel e-commerce capabilities. These developments are expected to positively impact the growth of the supply chain management software industry in the forecast period.

Market Breakup by Component, Solution Type, Deployment Model, Organisation Size, End Use and Region:

  • The market is divided based on component into solution and services 
  • On the basis of solution type, the market can be distributed into transportation management system, warehouse management system, supply chain planning, procurement and sourcing, and manufacturing execution system.
  • Based on deployment model, the industry is segregated into on-premise and on-demand/cloud-based.
  • The industry is segmented, on the basis of organisation size, into small and medium enterprises and large enterprises. 
  • On the basis of end use, the market can be categorised into retail and consumer goods, healthcare and pharmaceuticals, manufacturing, food and beverages, transportation and logistics, automotive, and others. 
  • Region-wise, the global market for supply chain management software can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for supply chain management software is being driven by the increased demand for transparency in supply chain procedures.
  • The growing implementation of supply chain management software in various industries, including food and beverages, manufacturing, and others, has significantly contributed to the market expansion.
  • The increased adoption of cloud-based supply chain management software is also aiding the industry growth.
  • The rapid technological advancements and the development of supply chain management software tools are expected to further propel the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for supply chain management software for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the components, solution types, deployment models, organisation sizes, end uses, and major regions of supply chain management software.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global supply chain management software market are Epicor Software Corporation, HighJump Software Inc., Blue Yonder Group, Inc., and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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