Global Supply Chain Management Software Market Trends And Strategies Of Major Players In The SCM Software Market 2021-2030

14 Oct, 2021

The supply chain management (SCM) software market consists of sales of supply chain management software. The SCM software manages the flow of products and information across the supply chain, thereby strengthening the supply chain operations in an organization. Softwares such as SCMs are used to bring equilibrium between supply and demand by improving business processes and plan the future needs by using algorithms which provides consumption analysis.

Global SCM Software Market Size And Drivers:

The global SCM software market is expected to grow from $17.51 billion in 2020 to $18.96 billion in 2021 at a compound annual growth rate (CAGR) of 8.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $31.48 billion in 2025 at a CAGR of 13.5%. The need for companies to remain relevant in the market amidst the highly competitive conditions is a crucial driver for the growth of the SCM software market.

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Trends In The Global SCM Software Market

Supply chains are continuously evolving with data at the center of every stage in the value chain. With a huge amount of data generated, there is an enormous challenge in the form of data and IT security risks. Protecting the privacy and still sharing data across the supply chain is a major challenge which could become a roadblock for the SCM software industry. The Target breach was caused by lax security at an HVAC vendor wherein personal information of as many as 70 million people was compromised. The information stolen included customer names, credit or debit card number, the card’s expiration date and CVV number.

Global SCM Software Market Segments:
The global SCM software market is further segmented –
By Product: Transportation Management System, Warehouse Management System, Supply Chain Planning, Procurement Software, Manufacturing Execution System
By Industry Vertical: Consumer Goods, Healthcare & Pharmaceuticals, Manufacturing, Food & Beverages, Transportation & Logistics, Others
By User Type: Small & Medium Sized Enterprises (SMEs), Large Enterprises
By Geography: The global SCM software market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global SCM Software Market At:

https://www.thebusinessresearchcompany.com/report/SCM-software-global-market-report

SCM Software Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides SCM software market overviews, analyzes and forecasts market size and growth for the global SCM software market, SCM software market share, SCM software market players, SCM software market segments and geographies, SCM software market’s leading competitors’ revenues, profiles and market shares. The SCM software market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.