Supply Chain Management Software Market Size: Assessing the 9.3% CAGR Expansion by 2029 from Niranka's blog
Supply Chain Management Software Market was valued at US$ 28.54 Bn in 2022. The Global Supply Chain Management Software Market size is estimated to grow at a CAGR of 9.3% over the forecast period.
Supply Chain Management Software Market Overview
Maximize Market Research’s thorough Supply Chain Management Software Market report presents a comprehensive regional analysis and competitive overview. The analysis offers valuable insights, aiding businesses and investors in harnessing the market’s promising prospects.
Supply Chain Management Software Market To know about the Research Methodology Request Free Sample Report :- https://www.maximizemarketresearch.com/request-sample/94230
Supply Chain Management Software Market Scope and Methodology
The Supply Chain Management Software Market report offers insights into current trends, key highlights, drivers, challenges, and restraints. It includes market size estimations and growth rates during the forecast period. Regional analysis provides a holistic view, and the competitive landscape is examined using various parameters. Employing a bottom-up approach, data is collected through primary and secondary sources, and qualitative and quantitative analysis is conducted. Research tools like SWOT, PESTLE, and Porter’s Five Forces enhance market analysis. The report is a valuable guide for investors, stakeholders, and market followers, aiding informed decisions in the Supply Chain Management Software Market.
Supply Chain Management Software Market Dynamics
Businesses are incorporating strategic innovations into their own business models as a result of the increased competition among them to address issues including client retention, an increase in competitors, and the commoditization of threats. The adoption of the Internet for client online sales has been prompted by these difficulties for businesses. Globally, businesses have a very high Internet penetration rate, which has increased the number of eCommerce participants. This surge will probably accelerate the expansion of online sales, which will accelerate the global market for cloud SCM. By implementing the cloud-based SCM system, the businesses are creating extensive plans to supply end-to-end business models.
In addition, COVID-19 significantly altered labour conditions and supply chains and increased demand for particular goods. For instance, the Census Bureau reports that while food shop sales climbed by 13.2% in April 2020 year over year in the United States, clothes retailer sales decreased by 89.2%. According to Eurostat, sales of food, beverages, and tobacco climbed by 1.2% in the EU in April 2020, but sales of non-food items decreased by 23.8% year over year.
Supply Chain Management Software Market Regional Insights
In the United States the market is expected to witness a major growth rate due to ongoing R&D and construction of full-scale storage plans in the country. For example, in the year 2022, Magnum Developer & Mitsubishi Hitachi Power Systems said that the companies are planning to make a 1 GW energy storage facility to deliver power using renewable hydrogen, solid oxide fuel cells, & compressed air energy storage.
Decreasing cost of renewable power generation from solar & wind energy is expected to further increase the market for hydrogen energy storage. According to the International Renewable Energy Agency for renewable hydrogen to be inexpensive with fossil fuel made hydrogen, it should be produced at less than USD 2.5 per kg. The rate depends on numerous factors like production place, market sector, renewable energy power tariffs, & investments in upcoming electrolyzes. Low hydrogen production costs will lead to higher deployment of its energy storage systems. Key players operating in the market for hydrogen energy storage are severely forward integrated.
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Supply Chain Management Software Market Segmentation
by Component
Hardware
Software
Services
by Deployment Mode
On-premises
Cloud
by Organisation Size
SMEs
Large enterprises
by Verticals
FMCG
Retail and eCommerce
Healthcare
Manufacturing
Automotive
Transportation and Logistics
Others
Supply Chain Management Software Market Key Players
1. SAP
2. Oracle
3. Infor
4. Descartes
5. Manhattan Associates
6.IBM
7. Logility
8. Kinaxis
9. Blue Yonder
10. Körber
11. Coupa
12. Epicor
13. BluJay
14. OMP
15. E2open
16. JAGGAER
17. Zycus
18. GEP
19. Tive
20. Freightify
21. 4TiGo
22. Trukky
Key questions answered in the Supply Chain Management Software Market are:
What is Supply Chain Management Software ? What was the Supply Chain Management Software market size in 2022? What are the different segments of the Supply Chain Management Software Market? What growth strategies are the players considering to increase their presence in Supply Chain Management Software ? What are the upcoming industry applications and trends for the Supply Chain Management Software Market? What are the recent industry trends that can be implemented to generate additional revenue streams for the Supply Chain Management Software Market? What major challenges could the Supply Chain Management Software Market face in the future? What segments are covered in the Supply Chain Management Software Market? Who are the leading companies and what are their portfolios in Supply Chain Management Software Market? What segments are covered in the Supply Chain Management Software Market? Who are the key players in the Supply Chain Management Software market?
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022) Past Pricing and price curve by region (2018 to 2022) Market Size, Share, Size Forecast by different segment | 2023−2029 Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region Market Segmentation – A detailed analysis by segment with their sub-segments and Region Competitive Landscape – Profiles of selected key players by region from a strategic perspective Competitive landscape – Market Leaders, Market Followers, Regional player Competitive benchmarking of key players by region PESTLE Analysis PORTER’s analysis Value chain and supply chain analysis Legal Aspects of Business by Region Lucrative business opportunities with SWOT analysis Recommendations
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