Home Press Releases Supply Chain Management Market Size Worth $58.89 Billion By 2030 | CAGR: 9.4%

Supply Chain Management Market Size Worth $58.89 Billion By 2030 | CAGR: 9.4%

The global supply chain management market size is expected to reach USD 58.89 billion by 2030, according to a new study by Polaris Market Research. The report “Supply Chain Management Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, Services); By User Type; By Deployment Model; By End-Use Industry; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The adoption of supply chain management (SCM) solutions is expected to increase in Asia-Pacific during the forecast period. Businesses are increasingly turning towards SCM solutions for greater visibility across processes and demand for efficient and timely delivery of products to consumers. Growth in the retail and e-commerce sector in the region and an increase in the adoption of advanced technologies fuels the growth of the industry in the region.

 

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The growing adoption of technologically advanced SCM systems by small and medium-sized enterprises for the management of supply chain operations fuels the market growth in the region. The industry leaders are expanding and strengthening their presence in the region, leading to market growth.

 

The increase in demand for supply chain management solutions from small and medium-sized enterprises is expected to drive industry growth during the forecast period. Greater investments by small and medium-sized businesses in SCM solutions, along with technological advancement in the telecommunication industry, are expected to drive growth during the forecast period. Small and medium-sized businesses are increasingly adopting these applications to maintain efficient workflow and improve customer services.

 

On the basis of the deployment model, the market is segmented into cloud-based and on-premise. Cloud-based deployment is set to play an increasingly important role across diverse industries owing to increasing dependence on the cloud for data storage and instant access to vital data at any time and place. It enables efficient application development, management, and access. Cloud-based deployment provides rapid delivery, efficient use of shared resources, and increased scalability.

 

SCM solutions are increasingly being used in the healthcare and pharmaceutical sector to offer enhanced services to the patient and ensure timely delivery of medical supplies to hospitals and clinics. The outbreak of COVID-19 has necessitated the use of advanced SCM applications to streamline manufacturing, storage, and distribution processes.

 

Supply Chain Management Market Report Highlights

  • The SCM software segment accounted for a major share owing to greater need to rapidly cater to changing supply and demand requirements through predictions and demand forecasts.
  • The SMEs segment is expected to experience growth during the forecast period owing to greater need for efficient and secure operations, personalized customer experience, and higher productivity.
  • The cloud-based segment is expected to grow rapidly during the forecast period on account of its features such as enhanced scalability, speed, reliability, and cost effectiveness.
  • Retail and consumer goods segment held the largest share in 2021 due to greater demand for same-day delivery services.
  • North America accounted for the largest revenue share in 2021 owing to presence of major market players in the region, rise in investment by small and medium sized businesses, and growing adoption of advanced technologies such as AI, IoT, and machine learning.
  • The global supply chain management market is highly competitive owing to the existence of large market players with global presence including Blue Yonder, BluJay, Epicor Software Corporation, Coupa, GEP, and IBM Corporation among others

 

Polaris Market Research has segmented the supply chain management market report based on component, user type, deployment model, end-use industry, and region:

 

Supply Chain Management, Component Outlook (Revenue – USD Billion, 2018 – 2030)

  • Hardware
  • Software
  • Services

Supply Chain Management, User Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • SMEs
  • Large Enterprises

Supply Chain Management, Deployment Model Outlook (Revenue – USD Billion, 2018 – 2030)

  • On-premise
  • Cloud-based

Supply Chain Management, End-Use Industry Outlook (Revenue – USD Billion, 2018 – 2030)

  • Retail and Consumer Goods
  • Automotive
  • Healthcare & Pharmaceuticals
  • Food & Beverages
  • Transportation & Logistics
  • Manufacturing
  • Others

Supply Chain Management, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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