The SCM Software by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The SCM Software Market:
https://www.thebusinessresearchcompany.com/report/scm-software-global-market-report
According to The Business Research Company’s SCM Software, The scm software
market size has grown rapidly in recent years. It will grow from $36.72 billion
in 2023 to $43.26 billion in 2024 at a compound annual growth rate (CAGR) of
17.8%. The growth in the historic period can be
attributed to emerging markets growth, an increasing demand for scm software
due to covid-19 and an increased internet penetration.
The scm software market size is expected to see rapid growth in the next few
years. It will grow to $83.74 billion in 2028 at a compound annual growth rate
(CAGR) of 18.0%. The growth in the
forecast period can be attributed to rising utilization of cloud computing, a
growing e-commerce industry and cost savings due to scm software. Major trends
in the forecast period include focus on artificial intelligence in scm, product
innovations, focus on supply-chain technology management in business
operations, sustainability solutions, use of blockchain in supply chain
management, use of digital supply chain twin (dsct), use of 5g technology,
focus on continuous intelligence (ci), focus on supply chain governance and
security and focus on partnerships and collaborations.
SCM software’s can manage the complexities of the modern-day supply chain. With
businesses going global and increased competition, the supply chains are
getting complex. The number of suppliers, orders received/completed, variety of
product offerings, information generated etc. all have increased substantially.
Using SCM software, the complexity can be reduced along with cost and resource
savings. The need for companies to remain relevant in the market amidst the
highly competitive conditions is a crucial driver for the growth of the SCM
software market.
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The scm software market covered in this report is segmented –
1) By Product: Transportation Management System, Warehouse Management System,
Supply Chain Planning, Procurement Software, Manufacturing Execution System
2) By Industrial Vertical: Consumer Goods, Healthcare And Pharmaceuticals, Food
And Beverages, Transportation And Logistics, Other Industrial Verticals
3) By User Type: Small And Medium-Sized Enterprises (SMES), Large Enterprises
Supply chains are continuously evolving with data at the center of every stage
in the value chain. With a huge amount of data generated, there is an enormous
challenge in the form of data and IT security risks. Protecting the privacy and
still sharing data across the supply chain is a major challenge which could
become a roadblock for the SCM software industry. The Target breach was caused
by lax security at an HVAC vendor wherein personal information of as many as 70
million people was compromised. The information stolen included customer names,
credit or debit card number, the card’s expiration date and CVV number.
The scm software market report table of contents includes:
1. Executive Summary
2. SCM
Software Market Characteristics
3. SCM
Software Market Trends And Strategies
4. SCM
Software Market - Macro Economic Scenario
5. Global
SCM Software Market Size and Growth
.
32. Global SCM Software Market Competitive Benchmarking
33. Global
SCM Software Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The SCM Software Market
35. SCM
Software Market Future Outlook and Potential Analysis
36.
Appendix
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