The size of the global supply chain management market was estimated at USD 19.23 billion in 2021 and is anticipated to increase from USD 21.26 billion in 2022 to USD 47.29 billion by 2029, exhibiting a CAGR of 12.1% during the forecast period. As a result of our analysis, the global market grew by an average of 9.6% in 2020 compared to 2019.

In terms of scope, we have taken into account the supply chain management services offered by significant players like IBM Corporation, Kinaxis, SAP SE, Oracle Corporation, and Blue Yonder.

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Information about the report:

Analyses of the worldwide Supply Chain Management Market are conducted across regions, end-user industries, and material types. The study includes a thorough examination of segments and their sub-segments with the aid of tabular and graphic depictions. The segmentation can help investors and market participants create plans based on the report's list of the segments with the highest revenue growth rates.

Trending Now

Since the emergence of e-commerce, businesses have begun selling their goods online, expanding their audience more than ever. Additionally, because of this trend, businesses are now competing more fiercely to retain customers by offering them superior goods and services at reasonable costs. 

By providing a variety of payment options, including debit and credit cards, and simple return policies to guarantee that customers are satisfied with their purchases, e-commerce has made shopping more convenient and accessible for consumers.

Utilizing Module analysis

The global SCM market is divided based on module into inventory management software, sourcing and procurement, manufacturing, warehouse management systems, transportation management systems, and others (order management).

The Deployment analysis indicates that 

The market is divided into two groups based on deployment: on-premise and cloud.

The cloud segment accounted for a sizeable portion of the market in 2021 and is anticipated to expand at the highest CAGR between 2022 and 2029. Around 21% of supply chain executives, according to a survey by Accenture, have implemented cloud-enabled capabilities throughout their entire supply chains.

By Region, Geographically, the market is studied across North America, South America, Europe, the Middle East & Africa, and Asia Pacific.

Players in the industry,

Strategic partnerships and collaborations with technology providers are being formed by major market players. The main players use this strategy to combine SCM with cutting-edge technologies like cloud computing, artificial intelligence, and others.

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