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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:
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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.
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