Supply Chain Management Market by Component (Hardware, Services, Solution), Function (Manufacturing/Operations System, Procurement Sourcing/Purchasing, Supply Chain Planning), Deployment, Organization Size, Industry - Global Forecast 2024-2030

Supply Chain Management Market by Component (Hardware, Services, Solution), Function (Manufacturing/Operations System, Procurement Sourcing/Purchasing, Supply Chain Planning), Deployment, Organization Size, Industry - Global Forecast 2024-2030

The Supply Chain Management Market size was estimated at USD 32.42 billion in 2023 and expected to reach USD 35.31 billion in 2024, at a CAGR 9.24% to reach USD 60.21 billion by 2030.

Supply chain management (SCM) is a multidisciplinary approach that systematically manages the flow of information, goods, and finances as they move from supplier to manufacturer to retailer and finally to the consumer. The objective of SCM is to enhance organizational efficiency and profitability by optimizing the production process, minimizing costs, and delivering the right product at the right time to the right place. Supply chain management encompasses the planning and management of all essential activities involved in sourcing, procurement, conversion, and logistics management. The supply chain management market is growing rapidly with global business outreach and the escalating expectations of e-commerce consumers for swift deliveries. The supply chain management market faces hurdles such as intricate software integrations, supply chain volatility, requisite expertise for data handling, and stringent regulatory adherence. However, the recent leveraging of advanced technologies such as blockchain, AI, IoT, and predictive analytics presents a revamp of traditional supply chains into more adaptable and scalable frameworks, creating lucrative opportunities for the global supply chain management market.

Regional Insights

The supply chain management market in the Americas has shown robust growth with ongoing investments in technology, particularly in automation and digital transformation of industries, including supply chain. The EMEA region is experiencing a transformation within the supply chain sector. The region is adapting SCM through increased adoption of sustainability practices due to regulatory mandates and a shift toward localized supply chains. Additionally, the rise in e-commerce is restructuring traditional supply chain models, with companies focusing on reducing delivery times and improving customer service, raising the demand for supply chain management in the region. Asia-Pacific holds significant potential for growth in the supply chain management market. The region's expanding manufacturing capabilities, combined with an increase in consumer demand, require robust and sophisticated supply chain solutions. Technology adoption, especially in AI and data analytics, continues to bolster efficiency and competitiveness despite challenges such as geopolitical risks and natural disasters in the region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Supply Chain Management Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing need for transparency and visibility in supply chain
• Growing e-commerce sector
• Surge in adoption of SCM in healthcare and pharmaceuticals

Market Restraints

• Concerns over data security and privacy

Market Opportunities

• Robust adoption of cloud supply chain management among SMEs
• Integration of AI capabilities in SCM solutions

Market Challenges

• Dearth of technical skills and reduced awareness of SCM tools

Market Segmentation Analysis

• Component: Growing demand for cloud-based platforms and advanced analytics
• Function: Extensive use of transportation management system specifically for carrier collaboration and freight cost management
• Deployment: Rising adoption of on-cloud solutions to scale businesses supply chain operations without the constraints of physical infrastructure limitations
• Organization Size: Significant popularity of cloud-based supply chain solutions among SMEs owing to their lower upfront costs

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Supply Chain Management Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Supply Chain Management Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Accenture Expands Partnership with SAP to Help Clients Establish Responsible and Resilient Supply Chains

Accenture has revealed a strategic alliance with SAP SE, aiming to transform supply chain management through the creation of an advanced supply chain nerve center. This center offers a robust platform for reducing risks, amplifying visibility, and fostering sustainability within organizational operations. Building upon the capabilities of SAP® Integrated Business Planning for Supply Chain (SAP IBP), the collaboration seeks to introduce innovative enhancements that empower organizations to adapt swiftly and economically to variations in supply, demand, and inventory levels. The integration of cutting-edge technologies such as cloud solutions, data analytics, artificial intelligence (AI), and machine learning would ensure multilayer supplier transparency, propelling businesses towards more insightful and strategic decision-making.

AWS Announces Four New Capabilities for AWS Supply Chain

Amazon Web Services (AWS) is enhancing supply chain efficiency and resilience with its cutting-edge solutions. The AWS Supply Chain Supply Planning module leverages sophisticated predictive models to accurately anticipate the need for raw materials and products, which in turn facilitates optimal in-stock levels throughout customer supply chains. Offering another layer of precision, AWS Supply Chain N-Tier Visibility empowers businesses to disseminate forecasts and solidify orders across various supplier layers, leading to more precise planning and operational workflows.

ServiceNow Launches Digital Workflows for Finance and Supply Chain

ServiceNow has expanded its suite of enterprise applications by introducing innovative AI-enabled workflows tailored to the unique demands of finance, supply chain, and procurement sectors. This development is particularly beneficial for CFOs and executives who are seeking to streamline operations through digitization. The integration of these new workflows signifies an essential stride in helping organizations simplify complexities and enhance productivity at an enterprise-wide level.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Supply Chain Management Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Supply Chain Management Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., American Software, Inc., Berkshire Grey, Inc., Blue Yonder, Inc., Coupa Software Inc., Epicor Software Corporation, GEP, HighJump, Infor Inc., Intel Corporation, International Business Machines Corporation, JAGGAER, LLC, Kinaxis Inc., Korber AG, Kuehne + Nagel International AG, Logility, Inc., Manhattan Associates, Inc., Micron Technology, Inc., Microsoft Corporation, NVIDIA Corporation, OM Partners N.V., Oracle Corporation, RELEX Solutions, SAP SE, Splice Machine, Inc., and The Descartes Systems Group Inc..

Market Segmentation & Coverage

This research report categorizes the Supply Chain Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component

• Hardware
• Services
• Installation & Maintenance
• Training & Education
• Solution
• Function
• Manufacturing/Operations System
• Procurement Sourcing/Purchasing
• Supply Chain Planning
• Transportation Management System
• Warehouse Management System
• Deployment
• On-Cloud
• On-Premise
• Organization Size
• Large Enterprises
• Small & Medium Enterprises

Industry

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

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year