European Supply Chain Management Applications Forecast, 2024-2028

European Supply Chain Management Applications Forecast, 2024-2028

This IDC Market Forecast analyzes and sizes the European SCM applications market for the 2021-2023 period and forecasts market development between 2024 and 2028. The study segments the SCM applications market by functional market (three markets), deployment model (on-premises and SaaS), and country/subregion. "Europe's SCM applications market has continued to grow at a strong pace as organizations continue to prioritize broader supply chain modernization efforts amid ongoing macroeconomic and geopolitical turbulence. Looking ahead, we anticipate ongoing dynamic growth driven by organizations' efforts to boost the agility, flexibility, and resilience of their supply chain operations through investments in new applications, platforms, and technologies. The transition from on-premises deployments to cloud-based solutions will be a key element of these modernization efforts as organizations accelerate their shift to the cloud," said Ashok Patel, research manager, IDC Europe.