11-Sep-2020 | Zion Market Research
According to Zion Market Research, the global supply chain management software market is anticipated to attain USD 12 billion by the end of 2026 and augment at a CAGR of about 10.2% during 2020–2026. The supply chain management software controls the flow of information and products in the supply chain, thus strengthening the operations of the supply chain in an organization. The software such as supply chain management is used in bringing equilibrium amid supply and demand by enhancing business operations and plan the outlook needs by utilizing algorithms that present consumption analysis. The supply chain management software can manage the complications of the modern era supply chain. With the companies going global and augmented rivalry, the supply chains are getting more complex. The number of providers, orders completed/received, a range of product offerings, data generated etc. all have surged significantly. By the use of supply chain management software, the difficulty can be decreased coupled with the price and resource savings.
Some of the major players in the market are Comarch, Aspen Technology, Inc., IBM Corporation, JDA Software Group, Inc., Infor, Oracle Corporation, Kinaxis, QAD Inc., Plex Manufacturing Cloud, SAP SE, Sage, and Vanguard Software.
Increasing Adoption Of Supply Chain Management Solutions By Transporters To Boost The Global Market
The global supply chain management software market is driven by factors like augmented implementation of supply chain management solutions for transportation management. The solution providers have been incorporating different functions of transportation in their solutions. Many companies are focusing on advancing solutions for transporters to update their supply chains and also make them cost and time-saving. This is boosting the supply chain management software market. Many companies that sell products via catalogs or the Internet are able to provide awareness by utilizing transportation to deliver products in 24 hours.
The global supply chain management software market is bifurcated on the basis of deployment model, industry vertical, product, user type, and regional analysis. Based on the deployment model, the market is divided into cloud based and on-premise. Based on the user type, the market is divided into small & medium-sized enterprises and large enterprises. Based on the industry vertical, the market is divided into healthcare & pharmaceuticals, consumer goods, manufacturing, retail, transportation & logistics, food & beverages, and others. Based on the product, the market is divided into procurement software, warehouse management system, transportation management system, supply chain planning, and manufacturing execution system.
The Asia Pacific Region Is Anticipated To Dominate The Global Supply Chain Management Software Market
Based on geographical analysis, the global supply chain management software market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North American region dominated the global supply chain management software market in 2016 owing to the presence of a huge transportation industry. Nevertheless, the Asia Pacific region is projected to register the highest growth rate in the estimated period.
Browse the full “Supply Chain Management Software Market - By Deployment Mode (Cloud Based and On-Premise), By Industry Vertical (Healthcare & Pharmaceuticals, Consumer Goods, Manufacturing, Consumer Goods, Transportation & Logistics, Food & Beverages, and Others), By Product (Procurement Software, Warehouse Management System, Transportation Management System, Supply Chain Planning, and Manufacturing Execution System), By User Type (Small & Medium-Sized Enterprises and Large Enterprises), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/supply-chain-management-software-market
The global supply chain management software market is segmented as follows:
By user type:
By deployment mode:
By industry vertical:
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