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Supply Chain Management (SCM) Software Market Size Worth US$ 50.0 Billion by 2032 | CAGR of 11.1%

Supply Chain Management Software Market Report

Driven by the increasing adoption of SCM software in the e-commerce industry for automation, inventory management, order tracking, and synchronizing operations

SHERIDAN, WYOMING, UNITED STATES, November 13, 2023 /EINPresswire.com/ — IMARC Group, a leading market research company, has recently releases report titled “Supply Chain Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” the global supply chain management software market size reached US$ 18.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.0 Billion by 2032, exhibiting a growth rate (CAGR) of 11.1% during 2024-2032.

What is Supply Chain Management Software Market?

Supply chain management software (SCMS) refers to a specialized computer program designed to streamline and optimize various processes involved in controlling the flow of goods and services from the point of origin to the point of consumption. It encompasses a wide range of activities, including procurement, production, inventory management, logistics, and distribution. This software provides businesses with the tools and capabilities to enhance visibility, efficiency, and collaboration across their entire supply chain network. It also enables companies to make more informed decisions, reduce costs, minimize inventory holding, improve customer service, and gain a competitive edge in a dynamic business environment.

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Who are the key players operating in the Industry?

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Blue Yonder Group Inc. (Panasonic Holdings Corporation)
• Epicor Software Corporation
• Infor Inc. (Koch Industries Inc.)
• International Business Machines Corporation
• Kinaxis Inc.
• Korber AG
• Manhattan Associates
• Oracle Corporation
• SAP SE
• The Descartes Systems Group Inc.

Supply Chain Management Software Market Trends and Drivers:

At present, the expansion of businesses into international markets is increasingly the number of complex supply chains. SCMS facilitates efficient coordination and communication across borders, helping companies manage global operations seamlessly. Besides this, SCMS optimizes processes, reduces manual work, and enhances accuracy, resulting in cost savings and improved overall efficiency. In addition, SCMS leverages data analytics to provide real-time insights into supply chain performance. This data-driven approach allows companies to make informed decisions, forecast demand accurately, and respond swiftly to market changes. Moreover, the growing number of e-commerce is placing higher demands on supply chains. SCMS helps in meeting customer expectations by ensuring timely deliveries, inventory management, and order tracking. In line with this, environmental concerns are driving companies to adopt sustainable practices. SCMS aids in tracking and reducing the carbon footprint of supply chains, aligning with corporate sustainability goals. Additionally, SCMS helps businesses stay compliant by managing documentation, quality control, and traceability, which is strengthening the growth of the market. Apart from this, the increasing demand for SCMS, as it allows companies to identify vulnerabilities and implement risk mitigation strategies, is offering lucrative growth opportunities to industry investors. Furthermore, the emergence of technologies like the Internet of Things (IoT), artificial intelligence (AI), and blockchain is transforming SCMS, as these innovations enhance visibility, traceability, and automation within supply chains.

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Supply Chain Management Software Market Segmentation:

Breakup by Solution Type:
• Transportation Management System
• Warehouse Management System
• Supply Chain Planning
• Procurement and Sourcing
• Manufacturing Execution System

Breakup by Deployment Mode:
• On-premises
• Cloud-based

Breakup by Organisation Size:
• Small and Medium-sized Enterprises
• Large Enterprises

Breakup by Industry Vertical:
• Retail and Consumer Goods
• Healthcare and Pharmaceuticals
• Manufacturing
• Food and Beverages
• Transportation and Logistics
• Automotive
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:
• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here

Originally published at https://www.einpresswire.com/article/668135050/supply-chain-management-scm-software-market-size-worth-us-50-0-billion-by-2032-cagr-of-11-1

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