The Supply Chain Management Market Size, estimated at USD 19.23 billion in 2021, is expected to increase by 12.1% CAGR from 2022 to 2029, from USD 21.26 billion to USD 47.29 billion. According to our data, the global market grew 9.6% on average in 2020 compared to 2019.
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Information about the report:
- Forecast Timeframe: 2022-2029
- The starting year is 2021
- Market Size in 2021 - USD 19.23 billion
- The market size in 2029 will be USD 47.29 billion
- CAGR - 12.1%
- Segments Included: according to deployment type, application, enterprise type, sector, and geographic region
Supply Chain Management is a large and growing sector that covers various aspects, such as market size, market share, market segment, and industry. The total amount of money that service providers make from offering their products to customers is referred to as the market size. Market share is the portion of the market that a single provider or a group of providers controls. The term market segment refers to the different categories of applications based on their functions, features, or target users. The term industry refers to the different sectors or domains that use applications for their business operations or activities.
Analyses of the worldwide Supply Chain Management are conducted across regions, end-user industries, and material types. The study thoroughly examines segments and their sub-segments with 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.
By Module Analysis,
The global SCM market is divided based on modules into inventory management software, sourcing and procurement, manufacturing, warehouse management systems, transportation management systems, and others (order management).
In 2021, manufacturing held the largest market share for supply chain management globally. Additionally, a high CAGR of 14.2% is predicted for the transport management system during the forecast period. The adoption of transport management systems in the area is rising due to factors like the requirement for efficient transport due to regulations and environmental protection, cost-effectiveness, and time savings.
By Deployment Analysis,
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. An Accenture survey found that 21% of supply chain executives had implemented cloud-enabled capabilities throughout their entire supply chains.
By Industry Analysis,
The market is segmented into discrete, process, and other segments based on industry.
With a market share of 52.6% in 2021 and projections for a CAGR of 12.8% over the ensuing five years, the discrete industry led the world market.
By Key Industry Analysis,
Important market participants are collaborating and forming strategic alliances with tech companies. The main firms use this technique to combine SCM with cutting-edge technologies like cloud computing, artificial intelligence, and others. For example,
List of Key Companies Profiled:
- Oracle Corporation (U.S.)
- IBM Corporation (U.S.)
- Kinaxis (Canada)
- SAP SE (Germany)
- Wolters Kluwer N.V. (Netherlands)
- Blue Yonder Group, Inc. (U.S)
By Region
Geographically, the market is divided into North America, South America, Europe, the Middle East & Africa, and Asia Pacific, which are the five major regions. They are further categorized into countries.
The expanding adoption of SCM solutions throughout North America is what is fueling the market's expansion. Recent studies show that in 2021, SCM solution usage in the area increased by 9.0% year over year. The logistics sector in the United States contributes roughly 10.0% to GDP overall and is projected to reach about $175 trillion in 2022.
The study report provides a thorough analysis of the “Supply Chain Management” size globally, including regional and country-level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background, and sales analysis of the payers. The paper also discusses the principal risks and challenges that will be encountered over the projected period. The Supply Chain Management is divided into two categories: type and application. Players, stakeholders, and other participants in the global Supply Chain Management industry will be able to gain the upper hand by using the study as a valuable resource.
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