Worldwide Supply Chain Logistics and Transportation Management Applications Software Forecast, 2024–2028

Worldwide Supply Chain Logistics and Transportation Management Applications Software Forecast, 2024–2028

This IDC study discusses the forecast for the worldwide supply chain logistics and transportation management applications software market. Off good performance in 2023, this market is expected to see strong growth through 2028 as organizations look to better optimize their supply chain operations in the short term, generating efficiencies that help reduce and control costs while ensuring supply chain resilience is not sacrificed, leaving them susceptible to market disruptions in the longer term. As the prospects of an impending global recessions dim, IDC sees no reason to temper the forecast, although of course, there is always that possibility as we move into 2025. As supply chain executives remain mindful of the need to generate operational efficiencies in the near term, the prospect of transforming the supply chain to enable new business models is more prevalent now than ever. For this reason, continued growth in the transportation and logistics management applications software market is anticipated on both short-term and long-term horizons."A responsive, customer-centric supply chain demands modern logistics tools to help craft a competitive edge in today's business environment. Transportation and logistics activities play a critical role in this equation, allowing organizations to become agile in a dynamic and rapidly evolving global trade environment. Meeting performance targets demands flexible and adaptable logistics solutions that are made possible by activating data holistically across supply chain stakeholders, strengthening an ecosystem of partners. As supply chain intelligence proliferates, organizations can more readily meet profitability and growth targets by collaboratively pursuing efficiency, resiliency, and sustainability initiatives," says Travis Eide, director, Worldwide Supply Chain Transportation and Global Trade at IDC.