Global Supply Chain Management Market

Supply Chain Management Market Size, Share, Growth Analysis, By Component(Solution, and Services), By Deployment(On-premises, and Cloud-based), By Enterprise Size(Small and Medium Sized Enterprises, and Large Enterprises), By Vertical(Retail & E-commerce, Healthcare, Automotive, Transportation & Logistics), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45E2104 | Region: Global | Published Date: April, 2024
Pages: 197 |Tables: 117 |Figures: 77

Supply Chain Management Market Insights

Global Supply Chain Management Market size was valued at USD 21.13 billion in 2022 and is poised to grow from USD 23.48 billion in 2023 to USD 54.49 billion by 2031, growing at a CAGR of 11.10% during the forecast period (2024-2031).

The growing demand for SCM solutions, such as transport management systems, planning and analytics, forecasting accuracy, warehouse and inventory management, supply chain optimization, procurement and purchasing, waste minimization, manufacturing execution, and relevant synthesis of business data, are projected to aid in expansion of the global supply chain management market's growth. Furthermore, the increase in use of information technology and technological advancements also improved and supported the complete supply chain, thereby contributing to market expansion.

Adoption of the SCM software is expanding across various enterprises and organizations since it enables them to effectively oversee the sourcing of raw materials, manufacturing, and assembly of any items or products, hence boosting market growth. Furthermore, it aids in inventory and warehouse management, order entry, distribution networks, product delivery, demand and supply requirements, and financial information, all of which contribute to market growth. Furthermore, it enables management to collaborate strategically with the company's distribution system, which is driving market expansion. A lack of IT infrastructure in emerging nations, as well as an increase in security and privacy concerns, are impeding worldwide market growth.

SCM solutions and services help businesses improve their decision-making abilities in terms of technology deployment, organizational infrastructure, strategic relationships, and enterprise resource management. Furthermore, by leveraging the gathered insights and data, SCM systems support strategic decision-making and assist businesses in optimizing return on investment, thus, enhancing their market position, and speeding growth. SCM market growth is fueled by advancements in industrial-grade digital technology, a shift towards cloud-based SCM software, and a growing desire for enhanced supply chain visibility.

US Supply Chain Management Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 21.13 billion

Largest Segment

Solution

Fastest Growth

Solution

Growth Rate

11.10% CAGR

Global Supply Chain Management Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)

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Supply Chain Management Market Segmental Analysis

The global supply chain management Market is segmented based on component, deployment, enterprise size, vertical, and region. In terms of components, the market is segmented into solutions, and services. Based on deployment, the market is segmented into on-premises and cloud-based. With respect to segmentation by enterprise size, the market is bifurcated into small and medium sized enterprises, and large enterprises. By vertical, the market is grouped into retail & e-commerce, healthcare, automotive, transportation & logistics, food & beverages, manufacturing. Regionwise, the global supply chain management market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Supply Chain Management Market Analysis by Component

The solution category held the biggest market share in 2022 and is likely to continue dominating the market during the forecast period. Quality control, supplier management, and handling logistics are all applications of SCM solutions. Over the complicated supply chain, SCM solutions give benefits such as enhanced visibility, increased efficiency, data analysis, lower costs, better agility, and increased compliance. It aids in the automation of major activities such as order processing, billing, and order tracking, resulting in reduced time and administrative costs. Excess material and costs associated with transportation, storage, and manufacturing are also identified by SCM systems, which aids in the reduction of excess inventory.

Supply Chain Management Market Analysis by Vertical

The transport management system segment retained the highest share. A system for transportation management is used to plan goods movement and to help clients plan and execute transportation operations across the supply chain more efficiently. The use of clever Bluetooth connectivity and intelligent sensor solutions to offer accurate vehicle data to businesses is growing. Companies can use this technology to provide real-time tracking data to consumers, such as delivery route, current setting, and expected time of arrival, thereby improving the supply chain process.

Supply Chain Management Market Analysis by Deployment

In 2022, the on-premises category held the greatest market share. During the projection period, the cloud-based segment is expected to rise at a considerable CAGR. Cloud-based solutions are being adopted by businesses in order to increase flexibility and adaptability in the supply chain system. It also provides other advantages, including enhanced processing capacity, storage, cost-effective rates, and a decrease in operating costs. These advantages are driving market growth.

Blue Yonder provided commercial customers with increased flexibility and security. Blue Yonder focused on developing cutting-edge apps for clients and partners on the SCM platform by integrating Machine Learning (ML) and Artificial Intelligence (AI) technology. By linking their digital assets, Blue Yonder enterprise customers may augment and analyze datasets across their supply chain. This allows them to make wiser, more effective AI and machine learning-based judgements.

Global Supply Chain Management Market By Component 2021 (%), 2023 (%)

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Supply Chain Management Market Regional Insights

North America is expected to dominate the market during the forecast period, as it accounted for the majority of market revenue in 2022 as well. The presence of a high number of such software adopters in the region, as well as technical improvement in the region, contribute to marketplace growth. Another important element contributing to market growth is the existence of major key players such as Microsoft, IBM, Telus International, and Infor, among others, in the region. As a result of the aforementioned causes, the use of SCM software in North America is high and adds significantly to revenue production.

Asia Pacific is likely to grow the highest during the forecast period. The region's market growth can be attributed to the region's rising prospects as well as considerable investments in SCM. Many multinational companies have established manufacturing hubs in Asia-Pacific due to cost advantages. The need for streamlined and agile supply chain processes to manage diverse manufacturing operations further drives the demand for supply chain management solutions. Governments in the Asia-Pacific region, recognizing the strategic importance of a robust supply chain infrastructure, are investing in initiatives to improve logistics and supply chain capabilities, further fostering market growth.

Global Supply Chain Management Market By Geography, 2021-2030, 2024-2031
  • Largest
  • Fastest

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Supply Chain Management Market Dynamics

Supply Chain Management Market Drivers

Growing Adoption of Cloud-based Solutions

  • Cloud-based supply chain management solutions are becoming increasingly popular due to their scalability, flexibility, and cost-effectiveness. These solutions enable organizations to manage their supply chain operations more efficiently and effectively, without the need for significant investments in IT infrastructure.

  • The imperative for real-time data analytics and decision-making further propels the market, allowing organizations to respond swiftly to dynamic market conditions. Moreover, the heightened focus on sustainability and environmental responsibility is driving the integration of eco-friendly practices within supply chain strategies, fostering innovation in the market.

Supply Chain Management Market Restraints

Lack of Skilled Workforce

  • Another challenge facing the supply chain management market is the shortage of skilled workforce with expertise in supply chain management technologies. This can make it difficult for organizations to implement and operate advanced supply chain management solutions effectively.

  • Cybersecurity concerns present another restraint, as the increased reliance on digital technologies makes supply chains susceptible to cyber threats and data breaches. Additionally, geopolitical uncertainties and trade tensions can disrupt global supply chains, impacting the smooth flow of goods.

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Supply Chain Management Market Competitive Landscape

The industry's companies use a number of inorganic growth strategies, such as collaborations, frequent mergers, and acquisitions, to expand their product offering. Maersk clients may now increase supply chain velocity and service coverage to stay up with the e-commerce trend of US consumers seeking faster delivery to houses at a lower cost. Visible SCM's operational model and brand value will improve Maersk's clients' online shopping Logistics, allowing them to sell via any distribution channel, deliver via any manner, and efficiently manage their supply chains.

Top Player’s Company Profiles in Supply Chain Management Market

  • Oracle Corporation
  • JDA Software
  • Kinaxis
  • Infor
  • Blue Yonder
  • Descartes Systems Group
  • BluJay Solutions
  • E2open
  • LLamasoft
  • Elemica
  • GT Nexus
  • MercuryGate International
  • One Network Enterprises
  • Sage Group
  • Plex Systems
  • SAP Ariba
  • Zycus

Supply Chain Management Market Recent Developments

  • In October 2023, Accenture (NYSE: ACN) reached an agreement to acquire OnProcess Technology, a company specializing in supply chain managed services. This acquisition aims to assist organizations in optimizing processes, enhancing inventory management, and addressing intricate service challenges, ultimately contributing to improved operational efficiency.

  • In April 2021, SAP announced the acquisition of Signavio, a provider of business process intelligence and process management software. This acquisition is expected to enhance SAP's supply chain management offerings by providing customers with greater visibility and insights into their business processes.

  • In March 2021, IBM announced the launch of IBM Sterling Business Transaction Intelligence, a new AI-powered solution that provides real-time visibility and insights into supply chain transactions.

Supply Chain Management Key Market Trends

  • Increased adoption of AI and machine learning: AI and machine learning are being increasingly used in supply chain management to automate processes, optimize inventory levels, and improve forecasting accuracy. These technologies can help organizations to reduce costs, improve operational efficiency, and enhance customer satisfaction.
  • Focus on sustainability: There is a growing focus on sustainability in the supply chain management market, with organizations seeking to reduce their environmental footprint and improve their social responsibility. This has led to the development of sustainable supply chain management solutions that help organizations to track and manage their environmental impact.
  • Emphasis on visibility and transparency: Visibility and transparency are critical components of supply chain management, and organizations are increasingly adopting solutions that provide real-time tracking and monitoring of their supply chain operations. This enables organizations to identify and address issues quickly, reducing the risk of disruptions and improving overall performance.
  • Adoption of cloud-based solutions: Cloud-based supply chain management solutions are becoming increasingly popular due to their scalability, flexibility, and cost-effectiveness. These solutions enable organizations to manage their supply chain operations more efficiently and effectively, without the need for significant investments in IT infrastructure.

Supply Chain Management Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global supply chain management market analysis, we found that the growing demand for SCM solutions, such as transport management systems, planning and analytics, forecasting accuracy, warehouse and inventory management are the key growth drivers promoting growth of this market. Besides this, supply chain optimization, procurement and purchasing, waste minimization, manufacturing execution, and relevant synthesis of business data, can be attributed to the market's growth. Furthermore, the increased use of information technology and technological advancements improved and supported the complete supply chain, hence contributing to market expansion.

Report Metric Details
Market size value in 2023 USD 21.13 billion
Market size value in 2031 USD 54.49 billion
Growth Rate 11.10%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Solution, and Services
  • Deployment
    • On-premises, and Cloud-based
  • Enterprise Size
    • Small and Medium Sized Enterprises, and Large Enterprises
  • Vertical
    • Retail & E-commerce, Healthcare, Automotive, Transportation & Logistics, Food & Beverages, and Manufacturing
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Oracle Corporation
  • JDA Software
  • Kinaxis
  • Infor
  • Blue Yonder
  • Descartes Systems Group
  • BluJay Solutions
  • E2open
  • LLamasoft
  • Elemica
  • GT Nexus
  • MercuryGate International
  • One Network Enterprises
  • Sage Group
  • Plex Systems
  • SAP Ariba
  • Zycus
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Supply Chain Management Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Supply Chain Management Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Supply Chain Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Supply Chain Management Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Supply Chain Management Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Supply Chain Management Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Supply Chain Management Market size was valued at USD 21.13 billion in 2022 and is poised to grow from USD 23.48 billion in 2023 to USD 54.49 billion by 2031, growing at a CAGR of 11.10% during the forecast period (2024-2031).

The industry's companies use a number of inorganic growth strategies, such as collaborations, frequent mergers, and acquisitions, to expand their product offering. Maersk clients may now increase supply chain velocity and service coverage to stay up with the e-commerce trend of US consumers seeking faster delivery to houses at a lower cost. Visible SCM's operational model and brand value will improve Maersk's clients' online shopping Logistics, allowing them to sell via any distribution channel, deliver via any manner, and efficiently manage their supply chains. 'SAP', 'Oracle Corporation', 'IBM Corporation', 'JDA Software', 'Kinaxis', 'Manhattan Associates', 'Infor', 'Blue Yonder', 'Descartes Systems Group', 'BluJay Solutions', 'E2open', 'LLamasoft', 'Elemica', 'GT Nexus', 'MercuryGate International', 'One Network Enterprises', 'Sage Group', 'Plex Systems', 'SAP Ariba', 'Zycus'

Increased adoption of AI and machine learning: AI and machine learning are being increasingly used in supply chain management to automate processes, optimize inventory levels, and improve forecasting accuracy. These technologies can help organizations to reduce costs, improve operational efficiency, and enhance customer satisfaction.

Asia Pacific is likely to grow the highest during the forecast period. The region's market growth can be attributed to the region's rising prospects as well as considerable investments in SCM. Many multinational companies have established manufacturing hubs in Asia-Pacific due to cost advantages. The need for streamlined and agile supply chain processes to manage diverse manufacturing operations further drives the demand for supply chain management solutions. Governments in the Asia-Pacific region, recognizing the strategic importance of a robust supply chain infrastructure, are investing in initiatives to improve logistics and supply chain capabilities, further fostering market growth.

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