Supply Chain Management Market Report and Forecast 2023-2028

According to the report the global supply chain management market reached a value of approximately USD 25.07 billion in 2022. Aided by the escalating need for efficient supply chain operations and the expanding applications of supply chain management in diverse sectors, the market is projected to further grow at a CAGR of 5.43% between 2023 and 2028 to reach a value of USD 35.24 billion by 2028.

Supply chain management (SCM) encompasses the broad range of activities needed to plan, control, and execute a product's flow from materials acquisition to production and delivery to the final customer. This includes managing supply and demand, sourcing raw materials and parts, manufacturing and assembly, warehousing and inventory tracking, order entry and order management, distribution across all channels, and delivery to the customer.

The burgeoning necessity for efficient supply chain operations is propelling the global supply chain management market growth. With increasing globalisation and the complexity of supply chains, there has been a significant shift towards implementing SCM solutions. These solutions allow organisations to reduce excess inventory, enhance process transparency, and improve logistics accuracy and flexibility.

Furthermore, the trend of digital transformation has notably contributed to the burgeoning popularity of SCM. Technological advancements such as artificial intelligence (AI), machine learning (ML), and blockchain are being increasingly integrated into SCM processes, propelling the supply chain management market development. These technologies enable predictive analytics, real-time tracking, and secure data sharing, which are vital in modern supply chain operations.

The expanding applications of SCM in various industries also significantly contribute to the supply chain management market expansion. In the retail sector, SCM solutions are leveraged for inventory management, supplier relationship management, and logistics optimisation. The manufacturing industry utilises SCM for production planning, scheduling, and quality control. Additionally, SCM plays a pivotal role in the healthcare sector, helping manage the supply of critical medicines and healthcare products efficiently.

Moreover, the growing emphasis on cloud-based SCM solutions is leading to an increased focus on SCM. As businesses shift their operations to the cloud, the need for cloud-based SCM solutions, offering scalability and real-time visibility, has surged. This trend aligns with the broader movement towards Industry 4.0, which integrates digital technology into traditional manufacturing and industrial practices, thereby stimulating the supply chain management market growth.

Market Segmentation

The market can be divided based on solution, deployment, organisation size, end use, and region.

Market Breakup by Solution

• Demand Planning and Forecasting
• Inventory and Warehouse Management
• Product Life-Cycle Management
• Transportation and Logistics Management
• Sales and Operations Planning
• Others

Market Breakup by Deployment

• Hybrid Cloud
• Public Cloud
• Private Cloud

Market Breakup by Organisation Size

• Large Enterprises
• Small and Medium Enterprises

Market Breakup by End Use

• Retail
• Food and Beverages
• Manufacturing
• Automotive
• Oil and Gas
• Healthcare
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global supply chain management companies. Some of the major key players explored in the report are as follows:

• SAP SE
• Oracle Corporation
• Infor Equity Holdings LLC
• IBM Corporation
• American Software, Inc.
• Cloud Logix LLC
• Tecsys Inc.
• Epicor Software Corporation
• OM Partners nv
• Others

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.