Cloud to the Rescue: SMEs Embrace Scalable Solutions for Supply Chain Success (2023-2030)
The report by Infinium Global Research paints a promising picture of the supply chain management market, predicting significant growth at a CAGR of 12.6% to reach $40.47 billion by 2027.
Rock Jhon
The report predicts significant growth, with the global market expected to reach $40.47 billion by 2027, reflecting a compound annual growth rate (CAGR) of 12.6%.
A new report by Infinium Global Research dives deep into the supply chain management market. It analyzes market segments, growth drivers, and challenges that will impact the market's trajectory in the coming years. Several factors are propelling the supply chain management (SCM) market forward. Consumers are demanding greater visibility and transparency throughout the supply chain. Additionally, the booming retail and e-commerce sectors are putting a strain on traditional systems. Fortunately, advancements in technology, particularly the integration of AI with SCM software, are creating lucrative opportunities for vendors in this growing market.
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Market Growth Dynamics
Drivers: Technology is crucial for modern businesses, but IT departments can be expensive for startups and SMEs. Cloud-based SCM systems offer a solution. These systems provide the benefits of an IT department without the need for additional staff, allowing in-house employees to focus on core operations. The flexibility and scalability of cloud-based SCM are particularly valuable for SMEs experiencing unpredictable growth in their first year.
Restraint: Cloud-based SCM offers advantages, but security concerns remain. Businesses worry about data breaches and unauthorized access, particularly for confidential information. This is a challenge for cloud-based systems like transportation management, which may rely on multi-tenant architecture where multiple companies share a server.
Opportunity: The future of supply chains is digital, fueled by advancements in information and communication technology. Key players include the Internet of Things (IoT), cloud computing, 5G, blockchain, artificial intelligence (AI), 3D printing, and robotics. These technologies will create a digital supply network, enabling real-time tracking and improved transparency throughout the entire supply chain.
Regional Analysis
North America Retains Supply Chain Management Crown
North America is expected to remain the leader in the global supply chain management market throughout the forecast period. Several factors contribute to this dominance. Increased Spending on Transportation & Logistics Investments in transportation and logistics infrastructure are driving the adoption of automation technologies within supply chains. Growth in Transportation Management Solutions Businesses are increasingly implementing supply chain management solutions specifically for transportation management, further propelling market growth.
Market segmentation
The report dives deep into various segments of the global supply chain management market, including:
By Components: Solutions and services
By Solution Types: Transportation management, warehouse management, sourcing & procurement, supply chain planning, and manufacturing execution systems
By User Types: Small & medium enterprises (SMEs) and large enterprises
By Industries: Retail & consumer goods, healthcare & pharmaceuticals, manufacturing, food & beverages, transportation & logistics, automotive, and others
Competitive Landscape
· Descartes Systems Group
· Manhattan Associates
· SAP SE
· Oracle
· Infor
· IBM
· Kinaxis
· Blue Yonder
· Coupa Software
· And Others
Report overview: https://www.infiniumglobalresearch.com/reports/global-supply-chain-management-market-
Future outlook
The report empowers you to navigate the future of supply chain management. It provides demand forecasts and insights into emerging trends, allowing you to stay ahead of the curve. An IGR-Growth Matrix helps identify lucrative investment opportunities, while a competitive analysis with market share breakdown equips you to develop winning strategies. This comprehensive future outlook ensures you're well-positioned for success in the ever-evolving supply chain landscape.
Conclusion
The report by Infinium Global Research paints a promising picture of the supply chain management market, predicting significant growth at a CAGR of 12.6% to reach $40.47 billion by 2027. Key drivers include rising consumer demand for transparency, booming retail and e-commerce, and technological advancements like cloud-based SCM and AI integration. While security concerns around cloud-based systems remain a challenge, the overall outlook is positive. The report also details market segments, regional dominance by North America, and a breakdown of key players.
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