The size of the global supply chain management market, estimated at USD 19.23 billion in 2021, is expected to increase by USD 47.29 billion by 2029, with a CAGR of 12.1% from USD 21.26 billion in 2022. Considering the results of our analysis, the global market grew by an average of 9.6% in 2020 compared to 2019.
In terms of the 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.
SCM is the process of setting up, organizing, and managing a supply chain's activities to meet customer demands. SCM includes the procedure that converts raw materials into finished goods and incorporates a network of trading partners dedicated to gratifying end users.
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Which company dominates the Global Supply Chain Management Market?
- Oracle Corporation (U.S.)
- IBM Corporation (U.S.)
- Kinaxis (Canada)
- SAP SE (Germany)
- Wolters Kluwer N.V. (Netherlands)
- Blue Yonder Group, Inc. (U.S)
- Infor (U.S.)
- o9 Solutions, Inc. (Texas)
- Logility (U.S.)
- GainSystems, Inc. (U.S.)
What are the factors driving the growth of the Supply Chain Management Market?
Supply chains that are powered by AI are used to boost productivity and boost sales for companies.
These technologies are significantly advancing fields like manufacturing, maintenance, and sales. By foreseeing failures before they happen, they enable continuous supply chain flow.
What are the market's geographic insights for the Supply Chain Management Market?
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 divided further into nations.
Growing SCM solution adoption in the region is what is fueling the growth of the North American supply chain management market. 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. In the upcoming years, demand for SCM will rise in tandem with the expansion of the logistics sector. The number of transportation and warehouse workers in the United States alone is over 5.0 million, according to the Bureau of Labor Statistics (BLS). In order to facilitate the movement of goods in the largest consumer market in the world, multinational corporations are investing in the U.S. logistics sector.
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An overview of the report
- The report comprehensively analyzes recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2029, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends require
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2029.
Analysts have segmented the "Supply Chain Management Market" into application, type, and regional segments to aid market participants in better understanding the market. Each element clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Supply Chain Management Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
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