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The global supply chain management market size attained a value of USD 27.93 billion in 2023. The market is further expected to grow at a CAGR of 11.40% between 2024 and 2032, to reach a value of USD 72.54 billion by 2032.
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Supply chain management refers to a centralised management of the flow of goods and services throughout their specific lifecycle, ranging from sourcing of raw materials to the delivery of final products. Through supply chain management, efficiency of all the various processes involved can be increased significantly. Specific solutions are available under supply chain management for demand planning and forecasting, inventory, product lifecycle, transportation, and sales.
Based on solution, the market is segmented into demand planning and forecasting, inventory and warehouse management, product life-cycle management, transportation and logistics management, and sales and operations planning, among others. On the basis of deployment, the market is classified into hybrid cloud, public cloud, and private cloud. By organisation size, the market is bifurcated into large enterprises and small and medium enterprises. Based on end use, the market is categorised into retail, food and beverages, manufacturing, automotive, oil and gas, and healthcare, among others. The regional markets for supply chain management are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global supply chain management market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The small and medium enterprises segment, based on organisation size, is expected to grow at a rapid pace in the supply chain management market. Supply chain management enhances the short- and long-term effectiveness of enterprises by improving the dynamics, systematic control, and collaboration which can enhance the profitability of the organisation. Supply chain management can help a small and medium enterprise generate greater revenues, facilitate quicker responses, bolster business outcomes, and increase scalability which is an integral part of any enterprise. Increasing adoption of cloud-based supply chain management software and innovative models, to improve decision-making, is likely to aid the growth of the market for supply chain management in the forecast period.
Based on end use, the manufacturing segment accounts for a significant portion share of the supply chain management market as changes in the manufacturing sector aimed towards improving logistics performance are increasing the demand for advanced supply chain management solutions. In addition, supply chain management influences competitiveness, enabling manufacturing firms to gain a competitive edge in cut-throat market dynamics. Supply chain management in the manufacturing sector also improves the supplier relationship, ensures quality, and enhances stock control. Moreover, it also keeps a watchful eye on the costs of raw materials which is a key advantage at the time of fluctuating prices of raw materials. Over the forecast period, this segment is likely to be influenced by the expanding manufacturing sector across the emerging economies, driven by the increasing demand for various products such as cosmetics, electronics, and FMCG, among others.
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SAP SE is a leading multinational software company which is known to develop enterprise software. The product portfolio of this company includes application development and automation, artificial intelligence (AI), and data analytics solutions, among others. SAP SE company was founded in 1972 and is currently headquartered in Walldorf, Germany.
Oracle Corporation is a renowned computer software company which has a vast product portfolio including applications related to supply chain planning, advertising, marketing, inventory management, maintenance, and product lifecycle management, among others. The Oracle cloud infrastructure also includes DevOps, government cloud, networking, and database services. It was established in 1977 and is headquartered in Texas, United States.
Infor Equity Holdings LLC is a developer and marketer of software products which provides services solutions related to enterprise resource planning, financials, human capital management, product lifecycle management, and supply chain management, among others. The company caters to the demands of various sectors such as manufacturing, aerospace and defence, and high tech and electronics. It was founded in 2002 and is headquartered in New York, United States.
Other market players include IBM Corporation, American Software, Inc., Cloud Logix LLC, Tecsys Inc., Epicor Software Corporation, and OM Partners nv, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Solution |
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Breakup by Deployment |
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Breakup by Organisation Size |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of USD 27.93 billion in 2023.
The market is estimated to grow at a CAGR of 11.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 72.54 billion by 2032.
The increasing applications of supply chain management across various sectors, rising inclination of businesses towards achieving cost savings, increasing demand for supply chain management solutions in small and medium enterprises, and increasing efforts by manufacturing firms to gain competitive edge are the major drivers of the market.
The key trends in the market include the increasing incorporation of advanced technologies such as artificial intelligence (AI) and internet of things (IoT) in supply chain management and emerging popularity of circular supply chain management.
Demand planning and forecasting, inventory and warehouse management, product life-cycle management, transportation and logistics management, and sales and operations planning, among others, are the different solutions in the market.
Hybrid cloud, public cloud, and private cloud are the primary deployment types of supply chain management in the market.
SAP SE, Oracle Corporation, Infor Equity Holdings LLC, IBM Corporation, American Software, Inc., Cloud Logix LLC, Tecsys Inc., Epicor Software Corporation, and OM Partners nv, among others, are the key supply chain management market players, according to the report.
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