What Fueled SCM Software Market?
The scm software market has seen considerable growth due to a variety of factors.
• The market size of SCM software has been expanding swiftly over the past few years. The forecast suggests a rise from a worth of $58.5 billion in 2024 to $64.98 billion in 2025, with a compound annual growth rate (CAGR) of 11.1%.
Factors contributing to the historical growth trend include development in emerging markets, heightened demand for SCM software amid the COVID-19 crisis, and the broadening reach of the internet.
What is the Forecasted Market Size and CAGR for the SCM Software Market?
The scm software market is expected to maintain its strong growth trajectory in upcoming years.
• We can expect the SCM software market to experience fast-paced growth in the upcoming years, reaching $96.72 billion by 2029, with a compound annual growth rate (CAGR) of 10.5%.
This growth during the predicted period is expected to be driven by a surge in cloud computing usage, ecommerce industry expansion, and cost reductions via SCM software. The projected era will also observe trending factors such as the application of artificial intelligence in SCM, revolutionary product innovations, emphasis on managing supply-chain technology in commercial operations, sustainable solutions, blockchain integration in supply chain management, digital supply chain twin (DSCT) adoption, utilization of 5G technology, and a focus on continuous intelligence (CI). There will also be a stress on supply chain governance and security, as well as forming partnerships and collaborations.
What Are The Key Drivers Fueling Growth In The SCM Software Market?
Supply chain management (SCM) software proves instrumental in handling the intricacy associated with contemporary supply chains. As companies go global and competition intensifies, supply chains inherently become more elaborate. Factors such as the amplification in the number of suppliers, orders processed, the diversity of products offered, and the information produced have significantly magnified. Through SCM software, not only can this complexity be minimized, but costs and resources can also be saved. The critical need for organizations to maintain their market standing amidst fierce competition serves as a significant growth driver for the SCM software industry.
What are the Market Segments in the SCM Software Market?
The SCM software market covered in this report is segmented –
1) By Product: Transportation Management System, Warehouse Management System, Supply Chain Planning, Procurement Software, Manufacturing Execution System
2) By Industrial Vertical: Consumer Goods, Healthcare And Pharmaceuticals, Food And Beverages, Transportation And Logistics, Other Industrial Verticals
3) By User Type: Small And Medium-Sized Enterprises (SMES), Large Enterprises
Subsegments:
1) By Transportation Management System (TMS): Route Optimization Software, Freight Management Systems, Carrier Management Tools
2) By Warehouse Management System (WMS): Inventory Management Software, Order Fulfillment Systems, Labor Management Tools
3) By Supply Chain Planning: Demand Planning Software, Supply Planning Tools, Sales And Operations Planning (S&OP) Solutions
4) By Procurement Software: Supplier Management Systems, E-Sourcing Tools, Contract Management Solutions
5) By Manufacturing Execution System (MES): Production Tracking Software, Quality Management Systems, Shop Floor Control Tools
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What Trends are Shaping the SCM Software Market Size?
Home Depot, a prominent retail entity in the home overhaul and construction industry, initially had isolated logistics management divisions in every brick-and-mortar store for executing replenishment and store management duties. This method was expensive as each store independently processed replenishment orders to obtain necessary materials from suppliers. In identifying the issue of logistics management being excessively decentralized, Home Depot chose to consolidate these discrete departments into one at its corporate headquarters. Leveraging technology and the appropriate SCM software, the newly centralized inventory and restocking department of Home Depot saw a surge in overall performance, enhanced demand forecast precision, and a fall in the operational expenses for replenishment orders.
Who Are the Key Players in the SCM Software Market?
Major companies operating in the SCM software market include:
• SAP SE
• Oracle Corporation
• Panasonic Corporation
• Koch Industries
• Coupa Software Inc
• Kinaxis Inc.
• Manhattan Associates
• E2open LLC
• WiseTech Global
• JDA Software Group Inc
• Epicor Software Corporation
• Kewill Systems
• BluJay Solutions
• Dassault Systèmes SE
• Vanguard Software Corporation
• IBM Corporation
• Blue Yonder
• Verizon connect
• Infor
• Descartes Systems Group
• GT Nexus
• High Jump
• IFS
• SPS Commerce. Inc
• Pronto Cargo Logistics & Supply Chain
• Fox Brazil
• Imexlog Logistica Aduaneira Perfect Solutions
• Vendorful
• Smart Software
• OdooTecxii
• AxolonERP
• Trackmatic
What are the Regional Insights into the SCM Software Market?
Asia-Pacific was the largest region in the supply chain management SCM software market in 2024. North America was the second largest region of the global supply chain management SCM software market share. The regions covered in the SCM software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
