According to the report titled ‘Global Supply Chain Management Software Market 2019-2028’ available with MarketStudyReport, global supply chain management software market is expected to register 9.78% CAGR between 2019 and 2028.

 

Expansion of e-commerce sector, widespread adoption of demand management system, and the provision of better supply chain control using SCM software are driving the growth of global supply chain management software market.

 

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Furthermore, increasing digitization, and escalating demand for cloud solutions are likely to create lucrative opportunities for businesses in this domain.

 

Despite the positive outlook, factors such as rising probability of cyberattacks, huge investments involved in the setup, and the need for greater bandwidth for cloud solutions are impeding industry development over the analysis period. 

 

Based on industry verticals, worldwide supply chain management software market is categorized into automotive, retail & consumer goods, healthcare & pharmaceuticals, manufacturing, transportation & logistics, food & beverages, and others. In terms of components, the industry is divided into solution, and service. 

 

Concerning deployment, the marketplace is classified into cloud-based, and on-premises. As per organization size, the market is divided into small & medium-sized enterprises, and large enterprises. Based on solution ambit, the industry is segregated into the transportation management system, procurement & sourcing, manufacturing execution system, warehouse management system, and supply chain planning.

 

From a regional standpoint, Asia Pacific market is anticipated to have a steady growth rate during the projected timeframe, owing to swift urbanization. Additionally, rising public cognizance of potential advantages of using SCM software, as well as high adoption of internet-based technologies by various companies, are poised to augment the market size in the coming years.

 

The competitive landscape of global supply chain management software market is defined by companies such as Kinaxis, International Business Machines (IBM) Corporation, HighJump Software LLC, SAP SE, Epicor Software Corporation, Blue Yonder (formerly JDA Software Group), The Descartes Systems Group Inc., Infor, Manhattan Associates, and Oracle Corp. among others.