Logistics automation refers to the application of computer software or automated machinery to improve efficiency in managing logistics. This helps to replace manual operations and handling equipment with automated facilities and processes. Logistics automation helps develop logistics operations in various end-use industries and also used in warehouses and distribution centres, which help in maintaining huge stocks. The main types of components in logistics automation are hardware, software, and services. The hardware market in logistic automation is used to describe any of the physical components of an analog or digital computer. Computer hardware also includes the physical parts of a computer, such as a case, central processing unit (CPU), monitor, mouse, keyboard, and computer data storage. The various functions include warehouse and storage management and transportation management, which are used in various organization sizes such as small-medium-sized organizations and large-scale organizations. These are used by several end users, including retail and e-commerce, automotive, food and beverage, logistics and transportation, and others. The logistics automation market research report is one of a series of new reports from The Business Research Company that provides logistics automation market statistics, including logistics automation industry global market size, regional shares, competitors with a logistics automation market share, detailed logistics automation market segments, market trends and opportunities, and any further data you may need to thrive in the logistics automation industry. This logistics automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global logistics automation market size grew from $55.22 billion in 2022 to $63.37 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The logistics automation market size is expected to grow to $101.26 billion in 2027 at a CAGR of 12.4%. The growth of the e-commerce industry is expected to propel the growth of the logistics automation market going forward. Ecommerce refers to the buying and selling of goods and services with the help of the Internet. Logistics automation is used by the e-commerce industry to maintain its stock in warehouses and distribution centers. This helps in the easy handling of goods between different departments in the company. For instance, in February 2022, according to Forbes, a US-based business magazine, during the time of the pandemic, e-commerce sales grew by 50%, and the business of eCommerce during this time stood at $870 billion. Also, in 2020, in the U.S, there will be a 14.2% increase in e-commerce. Therefore, the growth of the e-commerce industry is driving the growth of the logistic automation market. Technological innovations have emerged as the key trend gaining popularity in the logistics automation market. Major companies operating in the logistics automation market are introducing technological innovations to reinforce their position in the market. For instance, in March 2020, Dematic, a US-based company that manufactures logistics automation and materials handling systems, launched the latest generation of warehouse automation solutions called Multishuttle (DMS) 2E. This system helps to control all logistics processes in the warehouse, as well as order picking and dispatch. The DMS-2E significantly increases speed, storage density, and accuracy and shows the availability of stock in warehouses and distribution centers. In March 2020, Kion Group, a China-based company that manufactures materials handling equipment, acquired Digital Applications International Limited (DAI) for a deal amount of $133 million. This acquisition helps Kion Group to extend its software portfolio and systems engineering capabilities to meet future challenges and deliver advanced intralogistics globally. Digital Applications International is a UK-based company that provides automated warehousing systems. Major players in the logistics automation market are WiseTech Global Limited, Kion Group AG, VITRONIC, Jungheinrich AG, Murata Manufacturing Co. Ltd., Swisslog Holding AG, TGW Logistics Group, Mecalux S.A., Beumer Group, SSI Schaefer AG, Oracle, Falcon Autotech Private Limited, Hinditron Group of Companies, JBT Corporation, Toshiba Logistics, One Network Enterprises, System Logistics SpA, Matternet Inc., Toshiba Logistic, and SI Systems. North America was the largest region in the logistics automation market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the logistics automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the logistics automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The logistics automation market includes revenues earned by entities by providing purchase orders, packing lists, shipping notices, contract agreements. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global logistics automation market is segmented - 1) By Component: Hardware, Software, Services 2) By Function: Warehouse and Storage Management, Transportation Management 3) By Organization Size: Small-Medium Size Organizations, Large Scale Organization  4) By End-User: Retail and E-Commerce, Automotive, Food and Beverage, Logistics and Transportation, Other End Users

Third-party logistics (3PL) refers to the outsourcing of ecommerce logistics processes to a third party business, including inventory management, warehousing, and fulfillment. 3PL providers allow ecommerce merchants to accomplish more, with the tools and infrastructure to automate retail order fulfillment. The main types of third-party logistics are dedicated contract carriage, domestic transportation management, international transportation management, warehousing and distribution, and other service types. Dedicated contract carriage refers to a service where shippers can pay a flat rate per truck and choose the length of time for which they can secure vehicles (one day, one week, a month), depending on their needs. The modes of transport are railways, roadways, waterways, and airways. The various industries involved technological, automotive, retailing, elements, food and groceries, healthcare, and other industries. The third-party logistics market research report is one of a series of new reports from The Business Research Company that provides third-party logistics market statistics, including third-party logistics industry global market size, regional shares, competitors with a third-party logistics market share, detailed third-party logistics market segments, market trends and opportunities, and any further data you may need to thrive in the third-party logistics industry. This third-party logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global third-party logistics (3PL) market size grew from $997.51 billion in 2022 to $1,099.3 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The third-party logistics (3PL) market size is expected to grow to $1,579.84 billion in 2027 at a CAGR of 9.5%. The development of the e-commerce industry is expected to propel the growth of the third-party logistics market going forward. Electronic commerce (E-commerce) refers to companies and individuals that buy and sell goods and services over the Internet. Third-party logistics providers (3PL) are utilized by many e-commerce businesses to oversee and manage their supply chain management. For instance, in 2021, according to Oberlo, a US-based dropshipping app for Shopify, total US e-commerce sales reached $960.1 billion, an 18.3 % year-over-year increase from $811.6 billion in 2020. Therefore, the development of the e-commerce industry is driving the third-party logistics market. The shift in technology is a key trend gaining popularity in the third-party logistics market. Major companies operating in the third-party logistics market are focused on developing new technological solutions to strengthen their position. For instance, in 2020, DHL Supply Chain, a Germany-based provider of third-party logistics, launched a new "plug & play" robotics platform in partnership with Microsoft, a US-based technology company. This robotic platform has unique features such as reducing integration time and programming efforts for onboarding new automation devices into warehouse facilities and providing DHL customers flexibility in selecting suitable robotics systems by leveraging Microsoft Azure IoT technology and cloud platform services. In February 2020, C.H. Robinson, a US-based company provider of multimodal transportation services and third-party logistics acquired Prime Distribution Services for an amount of $225 million. This acquisition is expected to benefit C.H. Robinson's retail consolidation business to grow by adding scale, capabilities, and expertise to the company's portfolio. Prime Distribution Services is a US-based provider of third-party logistics. Major players in the third-party logistics (3PL) market are DHL International GmbH, Kuehne + Nagel International AG, DB Schenker (DB Group), Nippon Express Co. Ltd., Union Pacific Corporation, FedEx Corporation, United Parcel Service (UPS), Panalpina, Maersk, JB Hunt, CEVA Logistics, XPO Logistics Inc., Yusen Logistics Co. Ltd., NYK Logistics Co. Ltd., BDP International Inc., Burris Logistics, Kerry Logistics Network Limited, DSV A/S, GEODIS, and Sinotrans Limited. Asia-Pacific was the largest region in the third-party logistics market in 2022. The regions covered in the third-party logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the third-party logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The third-party logistics market includes revenues earned by entities by providing services such as warehousing, purchasing supplies, inventory control, customs brokerage, freight audit, payments, and shipment monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global third party logistics (3PL) market is segmented - 1) By Service Type: Dedicated Contract carriage, Domestic Transportation Management, International Transportation Management, Warehousing And Distribution, Other Service Types 2) By Mode Of Transport: Railways, Roadways, Waterways, Airways 3) By Industry: Technological, Automative, Retailing, Elements, Food And Groceries, Healthcare, Other Industries 

Freight and logistics refer to the process of planning and executing efficient transportation and storage of goods from the point of origin to the point of consumption. This helps to meet customer requirements in a timely and cost-effective manner. These services are used for the transport of goods and commodities from one place to another by means of rail, truck, road, and big vessels. The main types of freight and logistics include airways, railways, roadways, and waterways. Airways refer to the transportation and management of goods through an air carrier. The different functions include freight forwarding, warehousing, value-added services, and others. It is employed in manufacturing and automotive, oil and gas, mining, and quarrying, agriculture, fishing, and forestry, construction, distributive trade, and other end users. The freight and logistics market research report is one of a series of new reports from The Business Research Company that provides freight and logistics market statistics, including freight and logistics industry global market size, regional shares, competitors with a freight and logistics market share, detailed freight and logistics market segments, market trends and opportunities, and any further data you may need to thrive in the Freight and logistics industry. This freight and logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global freight and logistics market size grew from $15.65 billion in 2022 to $16.52 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The freight and logistics market size is expected to grow to $19.2 billion in 2027 at a CAGR of 3.8%. The increasing global trade activities are expected to propel the growth of the freight and logistics market going forward. Global trade activities refer to the import and export of goods and services across international boundaries. Freight and logistics services are used to transport goods internationally through different modes of transport. An increase in global trade activities has led to an increase in the volume of transporting goods to different countries through different means of transportation. For instance, according to United Nations Conference on Trade and Development, a Switzerland-based, United Nations organization, for the year 2021, exports of developing countries increased to 30% higher in the fourth quarter of 2021, and global trade reached a record level of USD 28.5 trillion in 2021. Also, China is contributing the highest, 15% of all world exports. Therefore, the increasing global trade activities in emerging economies are driving the growth of the freight and logistics market. Technological advancement is the key trend gaining popularity in the freight and logistics market. Major companies operating in the market are focused on technological advancement to sustain their position in the market. For instance, in 2020, Deutsche Post DHL Group (DPDHL), a Germany-based freight and logistics company, launched its DHL SmarTrucking solution to accelerate the development of AI-based technology-enabled logistics solutions. By Using AI technology, shipped items and goods can be tracked to their exact location. This technology helps to reduce nearly 50% transit time compared to the traditional trucking industry. In June 2021, Worldwide Express LLC, a US-based logistics provider merged with GlobalTranz Enterprises, for an undisclosed amount. Through this merger, these merged companies offer services in parcel delivery that includes the less-than-truckload and full truckload and manage transportation through the use of business intelligence, data assets, and the latest technology. The merger helps to gain a better market presence and helps Worldwide Express serve a larger number of customers. GlobalTranz Enterprises is a US-based full-service logistics provider. Major players in the freight and logistics market are XPO Logistics, United Parcel Service (UPS), DHL, J.B Hunt Transport Services, C.H. Robinson, DSV A/S, FedEx, Nippon Express, Ceva Logistics, DB Schenker, Maersk, Deutsche Post AG, Lineage Logistics, and Ryder, Geodis. Asia-Pacific was the largest region in the freight and logistics market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the freight and logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the freight and logistics market report is Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The freight and logistics market includes revenues earned by entities by overseeing and managing the delivery of goods. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global freight and logistics market is segmented - 1) By Type: Airways, Railways, Roadways, Waterways 2) By Function: Freight Forwarding, Warehousing, Value-added Services, Other Functions 3) By End User: Manufacturing And Automotive, Oil And Gas, Mining, And Quarrying, Agriculture, Fishing, And Forestry, Construction, Distributive Trade, Other End Users

The retail sourcing and procurement refer to services that are used by organizations to evaluate and engage suppliers in the acquisition of products and services. Retail procurement involves identifying and purchasing the products which retailers want to sell. Retail sourcing and procurement include different types of technologies that help in activities like insourcing, outsourcing, and global and strategic sourcing. Retail sourcing and procurement make things easier for supplier and contract management. The main types of solutions in retail sourcing and procurement are strategic sourcing, supplier management, contract management, procure-to-pay, and spend analysis. Strategic sourcing involves all upstream procurement activities, from spend analysis and supplier/category management through sourcing initiatives and contract management, covered by this complicated set of business procedures with a smooth, simple, and collaborative strategic sourcing solution, procurement that generate greater company value and maximize all expenditure control and supplier risk. The different services include implementation, consulting, training, support, and employment in several sectors such as small and medium enterprise (SME), and large enterprise. The retail sourcing and procurement market research report is one of a series of new reports from The Business Research Company that provides retail sourcing and procurement market statistics, including retail sourcing and procurement industry global market size, regional shares, competitors with a retail sourcing and procurement market share, detailed retail sourcing and procurement market segments, market trends and opportunities, and any further data you may need to thrive in the retail sourcing and procurement industry. This retail sourcing and procurement market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global retail sourcing and procurement market size grew from $4.37 billion in 2022 to $5.03 billion in 2023 at a compound annual growth rate (CAGR) of 15.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The retail sourcing and procurement market size is expected to grow to $8.21 billion in 2027 at a CAGR of 13.0%. The increasing digitalization is expected to propel the growth of the retail sourcing and procurement market going forward. Digitalization is referred to as creating a digital representation of physical attributes. Digitalization in retail sourcing and procurement helps the market by providing digital solutions. For instance, according to NASSCOM’s (National Association of Software & Services Companies) strategic review, in 2021, India's technology sector was expected to reach USD 194 billion estimating a 2.3% year-over-year increase on the back of rapid digital transformation and adoption in the country. Furthermore, the country’s low mobile data rates allowed a vast population to access the Internet. In September 2020, as per the Telecom Regulatory Authority of India, the total internet subscribers stood at 776.45 million, up from 687.62 million subscribers in September 2019. Therefore, the increasing digitization is driving the growth of the retail sourcing and procurement market. Strategic collaborations have emerged as a key trend gaining popularity in the retail sourcing and procurement market. Companies operating in retail sourcing and procurement solutions and services are undergoing partnerships to sustain their position in the market. For instance, in April 2021, IBM, a US-based company operating in retail sourcing and procurement collaborated with Celonis. This collaboration agreement enables colonies to offer their process mining software. This procurement software analyzes how workflows through an organization and recommends more efficient ways to complete the repeated tasks. Celonis is a Germany-based company that specializes in retail sourcing and procurement. In May 2020, IBM, a US-based company that provides a cloud platform and retail sourcing and procurement software, acquired Emptoris Inc for an undisclosed amount. This acquisition enables IBM to build more software in smarter commerce, a collection of cutting-edge, adaptive, and integrated solutions which is a critical part of supply chain management. Emptoris Inc is a US-based company that provides cloud and on-premises analytics software solution that helps procurement and supply chain operations gain greater intelligence. Major players in the retail sourcing and procurement market are SAP SE, Oracle, IBM Corporation, Epicor, Proactis Holdings PLC., Zycus Inc., Blue Yonder Group Inc., Basware, Koch Industries Inc., Ivalua Inc., and GT Nexus. North America was the largest region in the retail sourcing and procurement market in 2022. The regions covered in the retail sourcing and procurement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the retail sourcing and procurement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The retail sourcing and procurement market includes revenues earned by entities by insourcing, outsourcing, global and strategic sourcing, direct procurement, indirect procurement, goods procurement, and services procurement. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global retail sourcing and procurement market is segmented - 1) By Solution: Strategic Sourcing, Supplier Management, Contract Management, Procure-to-Pay, Spend Analysis 2) By Service: Implementation, Consulting, Training and Support 3) By Deployment: On-Premise, Hybrid, Cloud 4) By End-User: Small and Medium Enterprise (SME), Large Enterprise

Procurement analytics refers to software which automates spend analysis and purchase analysis and operates completely organizations’ expenditure through an insightful dashboard. These procurement analytics solutions collect data from various sources such as ERPs, process raw data into use-case taxonomies, and display in visualization dashboards. The main components of procurement analytics are solutions and services. The procurement analytics solutions refer to procurement analytics software and tools that operate on on-premise or cloud platforms. The key applications of procurement analytics include supply chain analytics, risk analytics, spend analytics, demand forecasting, contract management, vendor management, and category management. They are used by end-use industries ranging from retail and e-commerce, manufacturing, government and defense, healthcare and life sciences, telecom and IT, energy and utilities, banking, financial services, and insurance (BFSI), others. The procurement analytics market research report is one of a series of new reports from The Business Research Company that provides procurement analytics market statistics, including procurement analytics industry global market size, regional shares, competitors with a procurement analytics market share, detailed procurement analytics market segments, market trends and opportunities, and any further data you may need to thrive in the procurement analytics industry. This procurement analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global procurement analytics market size grew from $4.08 billion in 2022 to $4.88 billion in 2023 at a compound annual growth rate (CAGR) of 19.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The procurement analytics market size is expected to grow to $10.26 billion in 2027 at a CAGR of 20.4%. Growth in e-commerce and the organized retail industry is expected to propel the growth of the procurement analytics market. E-commerce refers to a medium used by customers and vendors to buy or sell goods and services from the Internet from websites, applications and others through computers, tablets, smartphones, and other smart devices. Procurement analytics is widely used by e-commerce giants and organized retail stores, as it offers data-driven analysis of customer behaviours and spending analysis. For instance, in December 2021, according to the Indian brand equity foundation, e-commerce turnover in India reached $50 billion in 2020 and evolved as the eighth-largest market for e-commerce across the globe, and it is predicted to reach $350 billion by 2030. Thus, an increase in usage of e-commerce and the organized retail industry is expected to boost demand for procurement analytics during the forecast period. Technological advancements such as artificial intelligence (AI) and cognitive computing are gaining popularity in the procurement analytics market. Major companies operating in the procurement analytics sector are focused on developing and implementing new technological solutions such as AI to expand their product portfolio and strengthen their position in the market. For instance, in April 2020, Digitate, a software venture of Tata Consulting Services, launched ignio Cognitive Procurement, to assist enterprises in making data-driven decisions making. This product utilizes AI/ML to increase the speed and accuracy of the process and assist enterprises in understanding procurement behaviour, monitoring transactions, and others. In February 2020, McKinsey & Company, a US-based management consulting company, acquired Orpheus GmbH for an undisclosed amount. The acquisition by McKinsey & Company is focused on expanding its product offering related to digital process solutions, and expanding its business presence across the globe. Orpheus GmbH, is a Germany-based company involved offering to spend analytics solutions. Major players in the procurement analytics market are SAP, Oracle, Coupa Software, Genpact, Rosslyn Data Technologies, IBM, Cisco, Microsoft Corp., BirchStreet Systems LLC, Sievo, Corcentric, Zycus, Amazon Web Services, Inc., and JAGGAER LLC. North America was the largest region in the procurement analytics market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the procurement analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the procurement analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The procurement analytics market includes revenues earned by entities by providing services such as identifying need, supplier evaluation and selection, purchase order, and delivery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global procurement analytics market is segmented - 1) By Component: Solutions, Services 2) By Deployment Mode: Cloud, On-Premises 3) By End User: Retail and E-commerce, Manufacturing, Government and Defense, Healthcare and Life Sciences, Telecom and IT, Energy and Utilities, Banking, Financial Services, and Insurance, Other End Users 4) By Application: Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting, Contract Management, Vendor Management, Category Management

Supply chain management software refers to a program, platform, or set of tools that help streamline and manage a company's end-to-end supply chain processes, from assessment and forecasting to managing supplier relationships. The main product types of supply chain management (SCM) software are transportation management system, warehouse management system, supply chain planning, procurement software, manufacturing execution system. A transportation management system (TMS) is a logistics platform that uses technology to assist businesses in planning, executing, and optimizing the physical movement of goods, both incoming and outgoing, as well as ensuring compliance and proper documentation. The software is used by small and medium sized enterprises (SMEs), large enterprises of consumer goods, healthcare and pharmaceuticals, manufacturing, food and beverages, transportation and logistics and others industry verticals. The supply chain management (SCM) software market research report is one of a series of new reports from The Business Research Company that provides supply chain management (SCM) software market statistics, including supply chain management (SCM) software industry global market size, regional shares, competitors with a supply chain management (SCM) software market share, detailed supply chain management (SCM) software market segments, market trends and opportunities, and any further data you may need to thrive in the supply chain management (SCM) software industry. This supply chain management (SCM) software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global scm software market size will grow from $31.91 billion in 2022 to $37.86 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global scm software market size is expected to grow to $73.98 billion in 2027 at a CAGR of 18.2%. SCM software’s can manage the complexities of the modern day supply chain. With businesses going global and increased competition, the supply chains are getting complex. The number of suppliers, orders received/completed, variety of product offerings, information generated etc. all have increased substantially. Through the use of SCM software, the complexity can be reduced along with cost and resource savings. 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. Home Depot, one of the biggest retailers selling home improvement and construction products and services used to have separate logistics management departments in every single physical store to utilize replenishment and store management-related activities. This was costly as each store had to process the replenishment orders to get the required materials from the suppliers separately. After realizing that the de-centralization of the logistics management was a major issue, Home Depot decided to centralize those individual departments into one department in its corporate headquarters. With the help of technology and right SCM software solutions, Home Depot’s new centralized inventory and replenishment department’s overall performance improved the demand forecast accuracy and decreased the cost of operations for the replenishment orders. 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. Major players in the supply chain management (SCM) software market are SAP, Oracle, JDA Software Group, Inc., Infor Global Solutions, Manhattan Associates, GT Nexus, Descartes Systems Group, IBM Corporation, Kinaxis Inc., High Jump, Epicor Software Corporation, Kewill Systems, BluJay Solutions, IFS, Verizon Connect, SPS Commerce, Inc., Dassault Systemes, Coupa, Basware, WiseTech Global, e2open, Jaggaer, GEP, Zycus, Plex Manufacturing Cloud, QAD, Inc., Sage, Vanguard Software, Quintiq and Unit4. Asia-Pacific was the largest region in the supply chain management (SCM) software market in 2022. North America was the second largest region of the global supply chain management (SCM) software market. The regions covered in the global supply chain management (SCM) software market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the supply chain management (SCM) software market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The supply chain management (SCM) software market includes revenues earned by entities by developing and distributing software that manages the flow of products and information across the supply chain, thereby strengthening the supply chain operations in an organization. Software such as SCMs are used to bring equilibrium between supply and demand by improving business processes and plan future needs using algorithms that provide consumption analysis. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global SCM software market is segmented - 1) By Product: Transportation Management System, Warehouse Management System, Supply Chain Planning, Procurement Software, Manufacturing Execution System 2) By Industry Vertical: Consumer Goods, Healthcare & Pharmaceuticals, Manufacturing, Food & Beverages, Transportation & Logistics, Other Industrial Verticals 3) By User Type: Small & Medium Sized Enterprises (SMEs), Large Enterprises

The e-commerce market consists of sales of merchandise such as apparel, electronics, furniture, books, cosmetics, and other products through online channels. This industry includes e-commerce and m-commerce companies that offer home delivery services. The sales transaction between the retailers and their customers is typically done through the use of information technology, including the telephone and the internet, and the delivery of merchandise is typically done through the mail or couriers. The e-commerce industry also includes direct mailers who are selling their merchandise and retail through online websites. The main model types of e-commerce are business to business (B2B) and business to consumer (B2C). Business-to-business (B2B) refers to a form of transaction between businesses, like one involving a manufacturer and a wholesaler, or a wholesaler and a retailer. The various payment modes involved are card payments, bank transfers, digital wallets, cash payments, and other payment modes. The applications included are home appliances, clothing and footwear, books, cosmetics, baby goods, groceries, and other applications. The e-commerce market research report is one of a series of new reports from The Business Research Company that provides e-commerce market statistics, including e-commerce industry global market size, regional shares, competitors with an e-commerce market share, detailed e-commerce market segments, market trends and opportunities, and any further data you may need to thrive in the e-commerce industry. This e-commerce market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global e-commerce market size will grow from $2,837.76 billion in 2022 to $3,183.16 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global e-commerce market size is expected to grow to $4,902.06 billion in 2027 at a CAGR of 11.4%. Rising internet penetration and the growing use of smartphones are predicted to contribute to the growth of the e-commerce market. The growing usage of the internet and smartphones is shifting consumer preferences towards online shopping. According to We Are Social’s special report on Digital 2020 published in January 2020, the total internet users across the globe in 2020 increased to 4.54 billion, with a growth of 298 million or 7% in comparison with January 2019. Moreover, the number of mobile users was 5.19 billion in 2020, which increased by 124 million, or 2.4%, in 2019. Therefore, increasing internet penetration coupled with the growing number of people using smartphones is projected to boost the demand for the e-commerce market over the forecast period. Stringent regulations and vertical restraints imposed on the e-commerce sector are expected to limit the growth of the e-commerce industry in the near future. Vertical restraints such as platform parity agreements (APPA), geo-blocking, most favoured nation (MFN), geo-filtering, and advertising restrictions will pose a significant challenge to e-commerce players. For instance, in June 2020, the government of India issued draft rules to amend the consumer protection (E-Commerce) rules 2020. Therefore, the stringent regulation imposed on functioning and advertising makes it difficult for e-commerce players to manage their operations, thus adversely impacting the growth of the e-commerce industry over the forthcoming years. Increasing government and companies’ initiatives to promote e-commerce sales is a leading trend in the e-commerce market. According to Entracker’s news published in April 2022, Indian government launched pilot phase of Open network for digital commerce (ONDC) to democratize e-commerce sector to facilitate e-commerce of small retailers. which is projected to boost the sector's growth in the country. In April 2022, Flipkart, a Bengaluru-based e-commerce company, acquired ANS Commerce for an undisclosed amount. The acquisition would strengthen the online retail ecosystem of flipkart. ANS Commerce is an India-based e-commerce services provider. Major players in the e-commerce market are Amazon.com Inc., JD.com Inc., Suning Commerce Group Co. Ltd., Apple Inc., Walmart Inc., Dell Technologies Inc., Vipshop Holdings Ltd., Gome Electrical Appliances Holding Ltd., Macy’s Inc., and Otto Group. North America was the largest region in the e-commerce market in 2022. Asia-Pacific was the second largest region in the global e-commerce market. The regions covered in the global e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the e-commerce market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The e-commerce market consists of revenues earned by entities by providing e-commerce services such as drop shipping, crowdfunding, and subscription. The market value includes the value of related goods sold by the service provider or included within the service offering. The e-commerce market also includes sales of as apparel, electronics, furniture, books, grocery and cosmetics. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global e-commerce market is segmented - 1) By Model Type: Business to Business (B2B), Business to Consumer (B2C) 2) By Payment Mode: Card Payments, Bank Transfers, Digital Wallets, Cash Payments, Other Payment Modes 3) By Application: Home Appliances, Clothing and footwear, Books, Cosmetics, Baby Goods, Groceries, Other Applications

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global information technology market grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology market in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology market. The regions covered in the information technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology market. The regions covered in the information technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global information technology market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software