According to the research report titled ‘Global Supply Chain Management Software Market 2019-2028’, available with Market Study Report, global supply chain management software market is projected to register an appreciable CAGR of 9.78% throughout 2019-2028.
 

Escalating demand for efficient management systems and booming e-commerce sector are accelerating global supply chain management software industry expansion. Moreover, rising digitization of businesses and increasing adoption of cloud-based solutions are complementing the market development.
 

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On the contrary, high setup costs associated with the software is hindering product adoption. Further, concerns regarding growing cases of cybersecurity attacks linked with cloud-based SCM software are negatively impacting the industry outlook, claims the study.
 

Based on industry vertical, the market is fragmented into manufacturing, retail & consumer goods, transportation & logistics, food & beverages, automotive, healthcare & pharmaceuticals, and others. In terms of component, the marketplace is split into service and solution. Considering organization size, the industry is divided into large enterprises, and small & medium-size enterprises.
 

Moving on to solution, global supply chain management software market segmentation comprises supply chain planning, procurement and sourcing, warehouse management system, transportation management system, manufacturing execution system, and warehouse management system.
 

As per the regional analysis, North America (U.S., Canada), Europe (U.K., France, Germany, Italy, Spain, Russia), Asia Pacific (India, Japan, China, South Korea, ASEAN Countries, Australia & New Zealand), Latin America (Mexico, Brazil), and Middle East & Africa (Saudi Arabia, Turkey, United Arab Emirates, South Africa) are the key growth avenues in the market.
 

Experts state that Asia Pacific market is slated to gain considerable traction during the forecast period. Rapid urbanization, rising adoption of software for various applications, increasing deployment of internet-based technologies among companies, and growing awareness pertaining to the benefits of utilizing SCM software are favoring the industry expansion in APAC.
 

Speaking of the competitive landscape, Epicor Software Corp., Infor, SAP SE, Blue Yonder Group Inc., Descartes Systems Group, Manhattan Associates Inc., Oracle Corp., Kinaxis Inc., IBM Corp., and HighJump Software LLC are the top-tier players impacting the worldwide supply chain management market dynamics.