Global Supply Chain Software Market Report

Market Insights

The supply chain software market was estimated to grow from USD 23.2 billion in 2020 to USD 40.9 billion by 2026 at a CAGR of over 10.1% during the forecast period.

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What is supply chain software?

The supply chain management (SCM) market has undergone a sea change, with product and process innovation embedded in supply chain operations, as well as consciously managing and shaping customer demand. As companies recover from the recent financial crisis and position supply chains as enablers of revenue and margin growth, there is a lot of opportunity to benefit from new age supply chain management solutions.

COVID-19 Impact Analysis

The lockdowns imposed as a result of the COVID-19 outbreak have shut down economies and are affecting every aspect of North America's supply chain. As a result, various industries have shifted their normal manufacturing processes to produce essential medical supplies, PPE kits, and so on.

According to a Supply Chain Media survey of 143 European supply chain decision-makers, the COVID-19 pandemic is having a significant impact on the supply chains of virtually all European manufacturers, wholesalers, and retailers.

Although 78 percent are experiencing a negative short-term impact, 17 percent are experiencing positive effects, and only 5 percent are unaffected. COVID-19 compelled many businesses and entire industries to rethink and transform their supply chain model.

Key Players

The key players operating in the market are-

• SAP SE (Germany)
• Oracle (US)
• The Descartes Systems Group (Canada)
• Infor (US)
• IBM (US)
• Manhattan Associates (US)
• Logility (US)
• Kinaxis (Canada)
• Blue Yonder (US)
• Korber (US)
• Coupa Software (US)
• Epicor (US)
• BluJay Solutions (US)
• Llamasoft (US)

Market Dynamics

The Supply chain software market is driven by a host of factors, some of which are noted below:

• Advances in industrial-grade digital technology.
• Increased preference for cloud-based supply chain software.
• Increased need for improved supply chain visibility.
• Lack of IT infrastructure in developing countries, as well as an increase in security and privacy concerns.

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Segment Analysis

Type Trends

The market has been classified into Small & Medium Sized Enterprises, Large Enterprises. Large enterprises dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increased adoption of SCM software to integrate these software into their existing software and inventories.

Furthermore, the small and medium-sized enterprises segment is expected to grow at the fastest CAGR during the forecast period, owing to an increase in the adoption of cloud-based SCM software, which provides SMEs with a cost-effective and efficient solution.

Regional Trends

The North America accounted for the largest market share in 2020. Because it is a technologically advanced region with a high number of early adopters and the presence of major market players, North America is expected to contribute the highest market share in terms of revenues during the forecast period. 

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The region's need for SCM is being fueled by technological advancement and a focus on making supply chain functions such as logistics, warehousing, fulfilment, production, and transportation management more efficient. Furthermore, the presence of stringent supply chain regulations and trade agreements across the region is a driver of SCM.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories.

By Type

• Small & Medium Sized Enterprises
• Large Enterprises

By Industry Vertical

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

By Component

• Solution
• Services

By Solution

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

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia and Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and Rest of Asia-Pacific
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Target Audience

The target audience of market includes-

• Supply chain software companies
• Supply chain software distributors
• Government organizations

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].