0

Supply Chain Management Market Expected to Reach $75.6 Billion by 2032—Allied Market Research

 
2022
Supply Chain Management Market

Report Code : A04292

quote “the Automotive segment is expected to experience fastest growth in the coming years, owing to increase demand for automation in the supply chain process in the manufacturing industry. it can improve product manufacturing processes and lower operating costs by implementing a dependable SCM system”. quote

Pramod Borasi - Team Lead at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Supply Chain Management Market," The supply chain management market was valued at $27.2 billion in 2022, and is estimated to reach $75.6 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

Supply chain management gives manufacturers more control over their operations, resulting in better products, fewer product recalls, and stronger customer brands. Additionally, it helps to keep shipping practices under control so that better customer service can be provided and shortages or inventory oversupplies may be addressed. Effective supply chain management provides businesses with the chance to expand their large-scale, global operations. 

Furthermore, increase in implementation of technological advancement and investments and surge in demand and usage of supply chain management services and software by various enterprises and industries is boosting the growth of the global supply chain management market. In addition, increase in adoption of SCM software in healthcare and pharmaceutical companies is positively impacts growth of the supply chain management market. However, Lack of awareness about supply chain management software and increasing security concerns is hampering the supply chain management market growth. On the contrary, increase in advanced information and communications technology is expected to offer remunerative opportunities for expansion during the supply chain management market forecast period  

Depending on enterprise size, the large enterprise segment holds the largest supply chain management market share as a result of the amount of data and resources, as well as the increased need to build a strong network and brand identity. However, the SMEs segment is expected to grow at the highest rate during the forecast period, owing to increase adoption of cloud-based SCM systems among small and medium-sized organizations because to their flexibility and affordability. 

Region-wise, the supply chain management market size was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to, the presence of major key players such as IBM, Microsoft, Telus International, and Infor, among others operating in the region. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to growing opportunities in the region along with various investments made in SCM. 

The COVID-19 outbreak negatively impacts the growth of the market, the industry is expected to recover by the third quarter of 2022. This is attributed to significant investment in advanced technologies such as IoT and smart technologies and various government initiatives, such as smart cities, across Asia-Pacific countries, including China and India. Furthermore, adopting technologies such as cloud, Artificial Intelligence (AI), and IoT. With the considerable control achieved over the pandemic, various sectors such as retail, manufacturing, and automotive, are expected to witness rising investments as supply chain management solutions grow in prominence across different business functions offered several opportunities to digitize and expand the business across regions. Moreover, various public and private entities are expected to come together to create ecosystems to share data for multiple use cases under a common regulatory and cybersecurity framework, which, in turn, is expected to provide lucrative opportunity for the growth of the SCM market.  

The integration of advanced technologies such as AI and big data is helping the industries to improve various aspects of a company such as perception, reasoning, learning, and problem solving of the human mind for detecting and predicting risks, which, in turn, is driving the growth of the SCM market.  

In addition, to mitigate the impact on business activities from COVID-19, players in the logistics, transport and supply chain industries have deployed innovative measures in inventory management and distribution, engage in strategic initiatives with players and intermediaries across the value-chain. For instance, in August 2021, with this strategic acquisition, A.P. Moller - Maersk's acquired Visible SCM integrated logistics service that gained a new level of e-commerce experience. Clients in the business-to-consumer segment of Maersk are anticipated to be able to reach 75% of the U.S. direct-to-customer market in 24 hours and 95% of the U.S. in 48 hours.  

Clients of Maersk can now boost supply chain speed and service coverage to keep up with the e-commerce trend of U.S. consumers for faster delivery to households at a cheaper cost. The operating model and brand value of Visible SCM is anticipated to boost Maersk's customers' e-commerce Logistics, allowing them to sell through any distribution platform, deliver in any method, and manage their supply chain operations efficiently, which, in turn, is expected to provide lucrative opportunity for the growth of the supply chain management industry.  

KEY FINDINGS OF THE STUDY 

  • By component, the solution segment accounted for the largest supply chain management market share in 2021. 

  • Region wise, North America generated highest revenue in 2021. 

  • Depending on industry vertical, the retail and consumer goods generated the highest revenue in 2021. 

The key players profiled in the supply chain management market analysis are IBM Corporation, Blue Yonder Group, Inc., kinaxis, Manhattan Associates, Inc., Oracle Corporation, SAP SE, Epicor Software Corporation, HighJump., Infor, THE DESCARTES SYSTEMS GROUP INC. These players have adopted various strategies to increase their market penetration and strengthen their position in the supply chain management industry. 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Supply Chain Management Market by Component (Solution, Service), by Solution Type (Transportation management system, Warehouse management system, Supply chain planning, Procurement and sourcing, Manufacturing execution system), by Deployment Mode (On-premise, On-Demand/Cloud-Based), by Enterprise Size (Large Enterprise, SMEs), by Industry Vertical (Retail and consumer goods, Healthcare and pharmaceuticals, Manufacturing, Food and beverages, Transportation and logistics, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2022-2032 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Feb 2024

HIV Injection Market

Download Sample

Buy Full Version
"Supply Chain Management Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers