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The Supply Chain Management market Size, valued at USD 29 billion in 2023, is projected to reach USD 65.63 billion by 2030, with an expected CAGR of 9.5% from 2024 to 2031.
The Supply Chain Management market research report includes a thorough examination of important growth strategies, motivators, opportunities, noteworthy segmentation, Porter's Five Forces analysis, and the competitive environment. Market information can be used by participants to develop strategies to strengthen their position in the market. Participants in the market can utilize opportunity information to assess potential and decide how to proceed. The regional study of the experts identifies important regions and leading nations that provide a sizeable portion of market income.
This research is an excellent resource for market participants, stakeholders, investors, vice presidents, and newcomers interested in learning more about the company and developing a competitive strategy. The study identifies the primary factors propelling the global Supply Chain Management market forward. In order to estimate the market's overall size throughout the course of the projection period, the study adopts a bottom-up methodology, gathering and forecasting data for a range of industrial verticals and end-user sectors, as well as their reach across multiple categories.
Market Segmentation
The report employs a bottom-up approach to project the overall size of the Supply Chain Management market over the course of the projection period. Data for a variety of industrial verticals and end-user industries are collected and forecasted, as well as their reach across several categories. The geographical study by the analysts identifies key regions and leading nations that provide a significant portion of market revenue.
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Key Market Segmentation:
-By Component
*Solution
Transportation management system
Warehouse management system
Supply chain planning
Procurement and sourcing
Manufacturing execution system
*Service
Professional Services
Managed ServicesBy Enterprise Size
Large Enterprise
SMEs
-By Deployment
On-premises
Cloud-based
-By Industry Vertical
Retail and consumer goods
Healthcare and pharmaceuticals
Manufacturing
Food and beverages
Transportation and logistics
Automotive
Others
Competitive Analysis
The study carefully examines the worldwide Supply Chain Management market and identifies significant changes that market participants should take into account when formulating their strategy. These businesses have used a variety of strategies, such as joint ventures, mergers and acquisitions, product launches, collaborations, and expansions, to take the lead in the market. This study examines market dynamics, key manufacturers' price forecasts, trends in product improvement, and market dynamics.
Key Players:
The Major Players are SAP, IBM Corporation, Blue Yonder Group, Inc., Kinaxis, BluJay, Manhattan Associates, Inc., Oracle Corporation, The Descartes Systems Group Inc., Epicor Software Corporation, Zycus, Highjump., Infor, OMP and others in the final report.
COVID-19 Impact Analysis
The Supply Chain Management market was significantly impacted by the COVID-19 epidemic. Additionally, new projects have been delayed globally, thus putting an end to the sector. The COVID-19 lockout made it necessary to create fresh strategies for addressing upcoming events while maintaining the growing rate. The study discusses the tactics used by prosperous enterprises to lessen the damaging effects of the COVID-19 phase on their operations. The research also discusses some of the crucial strategies employed by these players in the post-COVID period to move their businesses in a favorable direction.
Key Driver
A key driver for the Supply Chain Management market is the increasing need for operational efficiency and cost reduction in business operations. Companies are adopting advanced supply chain management solutions to streamline processes, enhance real-time visibility, and optimize inventory levels. The growing complexity of global supply chains, heightened by e-commerce and globalization, demands robust management systems. Additionally, the rise of digital technologies like AI, IoT, and blockchain provides enhanced data analytics and transparency, further boosting market growth. The focus on sustainability and regulatory compliance also compels businesses to adopt innovative supply chain solutions to meet environmental and legal standards.
Report Conclusion
Manufacturers, distributors, dealers, and policymakers can utilize the information to identify which market niches should be targeted over retail cosmetics stores in the coming years in order to plan investments and benefit from the Supply Chain Management market growth.
Akash Anand – Head of Business Development & Strategy
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
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