The Global Supply Chain Management Software Market size reached US$ 15.8 Billion in 2022. The market expects to reach US$ 33.9 Billion by 2030, exhibiting a growth rate (CAGR) of 12.6% during 2022-2030.

Global Supply Chain Management Software (SCMS) Market Overview:

Supply chain management (SCM) software refers to a program, platform, or set of tools that helps streamline and manage a company's end-to-end supply chain processes. These include supplier management, order fulfillment, demand forecasting, logistics, collaboration, warehouse management and security as standard solutions. SCM software provides significant business benefits through improved visibility, increased efficiency, cost savings and risk mitigation. It also strengthens regulatory compliance, automates key processes, supports decision making, and improves customer service and communications. As a result, SCM software finds wide applications across retail, e-commerce, healthcare, automotive, logistics, manufacturing and transportation industries.

The study looks at the size of the global supply chain management market and how big it is likely to grow, as well as what might stop it from growing. The study provides a Porter's five forces analysis of the global SCM market forecast in order to determine the impact of vast array factors, including the bargaining power of suppliers, the competitive pressure of competitors, the threat of new entrants, the threat of substitutes, and the bargaining power of buyers, on the global supply system management market trends.

Major Market Segments Covered in Supply Chain Management Software (SCMS) Market Research:

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

Key Vendors:

1.Blue Yonder Group Inc.: It is a Federal, State, and City Verified Service-Disabled Veteran-Owned Small Business (SDVOSB), Veteran Business Enterprise (VBE), and Business Enterprise for People with Disabilities (BEPD) that provides Project Management, Construction Services and Procurement to all Government Agencies, as well as Private Companies and Organizations. This team strives to provide efficient project delivery and construction excellence by implementing our core values of Integrity, Safety, Quality, Accountability and Citizenship.

2.Epicor Software Corporation: They’re the companies who make, move, and sell the things we all need. They trust Epicor to help them do business better. Their industries are our industries, and we understand them better than anyone. By working hand-in-hand with our customers, we get to know their business almost as well as they do. Our innovative solution sets are carefully curated to fit their needs, and built to respond flexibly to their fast-changing reality. We accelerate every customer’s ambitions, whether to grow and transform, or simply become more productive and effective. That’s what makes us the essential partners for the world’s most essential businesses.

3.Kinaxis Inc.: Everyday volatility and uncertainty demand quick action.The agility to make fast, confident decisions across integrated business planning and the digital supply chain. People can plan better, live better and change the world. Trusted by innovative brands, we combine human intelligence with AI and concurrent planning to help companies plan for any future, monitor risks and opportunities and respond at the pace of change. Powered by an extensible, cloud-based platform, Kinaxis delivers industry-proven applications so everyone can know sooner, act faster and remove waste.

4.Körber AG:It is turn entrepreneurial thinking into customer success and shape the technological change. In the Business Areas Digital, Pharma, Supply Chain, Tissue and Technologies, we offer products, solutions and services that inspire. We act fast to customer needs, we execute ideas seamlessly, and with our innovations we create added value for customers. In doing so, we are increasingly building on ecosystems that solve the challenges of today and tomorrow.

5.The Descartes Systems Group Inc.: is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community.

By Type:

• On-premise
• Cloud Based

By Solution Type:

• Transportation Management System
• Warehouse Management System
• Supply Chain Planning
• Procurement and Sourcing
• Manufacturing Execution System

By Application:

• Small and Medium-sized Enterprises
• Large Enterprises

By Industry Vertical:

• Retail and Consumer Goods
• Healthcare and Pharmaceuticals
• Manufacturing
• Food and Beverages
• Transportation and Logistics
• Automotive
• Others

By Region:

North America is estimated to hold a significant share in the global supply chain management software industry during the forecast period. This growth can be attributed to the presence of leading supply chain management software manufacturers in the region. Also an important factor is the increasing implementation of this software technology by governments and major regional manufacturers in key industries such as transportation and logistics sectors in key industries such as railways, aviation, etc. market growth. Additionally, increasing implementation of SCM software in the retail sector is also a major factor contributing to the growth of the industry in the region.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Drivers & Challenges:

Dynamics:

1. Increased globalization: The global supply chain is becoming increasingly complex and interconnected, which has led to a growing demand for SCMS solutions.

2. Changing consumer demands: Consumers are demanding faster, more efficient delivery of goods, which is driving the need for advanced supply chain management solutions.

3. Shorter product lifecycles: The lifecycle of products is becoming shorter, which is increasing the pressure on companies to optimize their supply chain management processes.

4. Increasing competition: The competitive landscape is becoming more intense, and companies are looking for ways to gain a competitive edge by optimizing their supply chain management processes.

Restraints:

1. High cost of implementation: The cost of implementing SCMS solutions can be high, which can act as a barrier to adoption, particularly for smaller businesses.

2. Integration challenges: Integrating SCMS solutions with existing systems can be a complex process, which can cause delays and lead to higher implementation costs.

3. Security concerns: Supply chain management systems often contain sensitive data, which can be vulnerable to cyber threats.

Trends:

1. Adoption of cloud-based solutions: There is a growing trend towards cloud-based SCMS solutions, which offer greater flexibility, scalability, and affordability.

2. Increasing use of predictive analytics: Predictive analytics is becoming increasingly important in SCMS solutions, as it enables companies to anticipate demand and optimize their supply chain operations.

3. Integration with IoT: The integration of SCMS solutions with the Internet of Things (IoT) is becoming more common, as it enables companies to track products in real-time and improve visibility across the supply chain.

Drivers:

1. Growing demand for cost optimization: SCMS solutions enable companies to optimize their supply chain processes, reduce lead times, and minimize inventory costs, which is driving demand for these solutions.

2. Increasing need for real-time visibility: The need for real-time tracking and monitoring of products and inventory is driving demand for SCMS solutions.

3. Growth of e-commerce: The growth of e-commerce has created a need for efficient supply chain management solutions, which is driving demand for SCMS software.

Opportunities:

1. Integration with advanced technologies: SCMS software providers have an opportunity to integrate advanced technologies such as artificial intelligence, machine learning, and blockchain to enhance their solutions.

2. Expansion into emerging markets: The rapid growth of emerging markets presents significant opportunities for the SCMS market, as companies in these regions look to modernize their supply chain management systems.

Challenges:

1. Complexity of supply chain networks: Supply chain networks can be highly complex, which can make it difficult to implement and manage SCMS solutions.

2. Resistance to change: There may be resistance to change among employees and other stakeholders, which can make it challenging to implement new SCMS solutions.

3. Lack of standardization: There is a lack of standardization in supply chain management practices, which can make it challenging to develop SCMS solutions that can be easily adopted across different industries and regions.

Scope of Report :

Conclusion:

Trends in the supply chain software market are worth keeping an eye on. SCM will get better as technologies like AI, ML, Block chain, and IoT are used. Tntra can help you if you need a partner to set up SCM systems and use digital supply chains. We are a software product engineering business with experts in the supply chain who build SCM software to help optimize the whole inventory and workflow.