Supply Chain Management Scm Market | Contrive Datum Insights

The Global Supply Chain Management Market Size Was Valued At USD 18,446 Million In 2022 And Is Expected To Expand At A CAGR Of 10.9% From 2022 To 2030.

Supply Chain Management (SCM) Market Overview:

Supply chain management is the process of dealing with a series of products and services. Processes can be carried out within the origin of the product to enable users to consume the product efficiently. Supply chain management is primarily designed to observe and relate the production, distribution, and transportation of services and goods. The liberalization of nature and the consequent spread of e-commerce has rapidly increased the demand for supply chain solutions, which effectively drives the growth of the supply chain management market. E-commerce businesses provide consumers with benefits such as effective management, planning, and timely delivery of products and services. This has provided a decisive opportunity for the adoption of e-commerce businesses. Reliable logistics services are becoming an integral part of all industries, large and small. Logistics services require efficient supply chain management decisions that enable carriers to provide supply chain visibility and control commodity costs. It also does a great job handling various logistical tasks to help you make quick decisions.

Supply Chain Management (SCM) market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Supply Chain Management (SCM) market in detail. Regional market sizes related to products by type, by application, and by a player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

• In May 2022, Kinaxis introduced its new Planning and said that it was a big step forward for advanced analytics in supply chain planning. At Kinexions, 2022, its annual supply chain innovators conference, it will use an AI-based analytical approach. Planning is an important part of the Kinaxis RapidResponse platform. AI is the only way to plan multiple things at the same time in a way that automatically finds the best mix of heuristics, optimization, and machine learning.
• In March 2022, Descartes said that its Descartes ShipRush multi-carrier parcel and less-than-truckload (LTL) shipping solution had been integrated with its suite of e-commerce warehouse management systems (WMS). Customers can improve their warehouse and shipping performance with a single solution thanks to this integration.
• In March 2022, Blue Yonder and Snowflake made a deal to work together to make it easier to access different kinds of data for supply chain management. Blue Yonder's Luminate Platform, which is powered by Snowflake, is an end-to-end supply chain solution that helps retailers, manufacturers, and third-party logistics providers (3PLs) better predict, prevent, and fix business disruptions to reduce risks and meet growing industry supply chain challenges.
• In February 2022, Oracle added a new solution to Oracle Fusion Cloud Channel Revenue Management called Supplier Rebate Management. Channel Revenue Management, which is a part of Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), automates trade programme processes and settlements in the cloud.
• In February 2022, Oracle announced that Bharti Airtel (Airtel) had chosen Oracle Fusion Cloud ERP and Oracle Fusion Cloud SCM to digitise and simplify its finance, planning, and supply chain processes

Major Market Segments Covered in Supply Chain Management (SCM) Industry Research:

Market Key Players:
Descartes Systems, IBM Corporation, Infor, JDA Software, Oracle Corporation, SAP SE, And Others.

By Type:

• Cloud-based
• On-premise
• SaaS-based
• Other

By Application:

• Retail & E-commerce
• Healthcare
• Automotive
• Transportation & Logistics
• Food & Beverages
• Manufacturing
• Others

By Enterprise:

• Small and Medium-Sized Enterprises
• Large Enterprises
• Other

By Region:

North America accounted for the major market revenue share in 2021 and is estimated to dominate the market during the forecast period. The presence of large numbers of users who have adopted such software in the region and the fact that the region is technologically advanced contribute to the market growth. The presence of major key players such as IBM, Microsoft, Telus International, and Infor among other players operating in the region is another key factor contributing to the market growth. Therefore, due to the factors mentioned above, North America has a higher usage rate of SCM software and contributes more to revenue generation.

Asia Pacific is expected to register the highest growth during the forecast period. The growth of the market in this region is attributed to increasing opportunities in the region along with diversified investments in SCM.

Significant Market Dynamics:

Driver:

Modern businesses are largely dependent on technology. While large enterprises have their own IT departments to manage and maintain business processes, most startups and small businesses do not have their own proper IT department systems. The reason is that IT departments require additional costs to manage and maintain. That's why most small businesses and startups are adopting a cloud-based SCM system, and their IT department can benefit from a cloud management system without hiring additional staff at extra cost. This allows in-house staff to focus on day-to-day business operations. The storage flexibility of a cloud-based SCM provides SMEs with invaluable scalability and will help with unpredictable growth during the first year of business operation. Cloud-based SCMs also provide small and medium-sized businesses with powerful inventory management capabilities, making them highly responsive to the latest business trends. For example, cloud-based SCM buys products that enable SMEs to position themselves as efficient and competitive players among other businesses, while offering attractive pay-as-you-go models such as cost savings and real-time payments through the cloud. . Small businesses can also use cloud-based SCM systems to drive corporate strategies to improve revenues and profits. Therefore, the cloud SCM market is expected to grow during the forecast period and there are tremendous opportunities for cloud supply chain providers due to high adoption rate by SMEs.

Restraint:

Enterprises adopting cloud-based SCM face security and privacy concerns. Businesses have confidential data that needs to be protected to prevent data breaches and theft, as this can affect the company's overall reputation. Corporate data can be leaked over the Internet and accessed by unauthorized users, which is a growing concern for businesses. For example, a cloud-based transportation management system requires a multi-tenant architecture with a single version of the software running on servers shared by multiple customers. Therefore, there is a possibility that the company's subscribers will see the competitor's data. These security issues related to data access by unauthorized users can also threaten corporate data security and competitive business position. Therefore, these issues related to security and privacy are increasing concerns among enterprises and restraining the growth of the cloud SCM market during the forecast period.

Opportunity:

Advances in information and communication technologies are making the evolution of supply chains even more possible. Technologies such as IoT, cloud computing, 5G, blockchain, AI, 3D printing and robotics are all critical to enabling the digital supply chain of the future. Transparency and accountability, for example, are key areas for functional supply chains that enable real-time tracking. Now, GPS monitors can track everything from delivery locations to current temperatures, providing logistics professionals with up-to-date information to fully understand how their supply chain operates. Real-time tracking is useful for high-value items and merchandise during the ongoing COVID-19 pandemic. IoT data and device check-ins can be used to map and verify every step in the delivery management chain. For example, IoT devices can automatically flag shipments outside safe temperature ranges and protect customers from perishable goods.

Challenge:

Awareness of supply chain management solutions and their benefits is low among healthcare providers. Various supporting initiatives such as just-in-time (JIT) approaches and zero-stock inventory systems have been introduced to the market over the years, but to fully exploit the potential of SCM tools, education on SCM principles such as information remediation needs to be strengthened. Communication and enhanced executive support within internal departments, information and measurement systems.

Supply Chain Management (SCM) Market report scope:

Crucial Points from this Supply Chain Management (SCM) Report

• Estimate Supply Chain Management (SCM) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Supply Chain Management (SCM) market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.