The “SCM Software Global Market Opportunities and Strategies to 2032” report has been added to ResearchAndMarkets.com‘s offering.
The global SCM software market reached a value of nearly $31,026.0 million in 2022, having grown at a compound annual growth rate (CAGR) of 17.9% since 2017.
The market is expected to grow from $31,026.0 million in 2022 to $69,351.9 million in 2027 at a rate of 17.4%. The market is then expected to grow at a CAGR of 20.1% from 2027 and reach $173,648.7 million in 2032.
Growth in the historic period resulted from emerging markets growth, an increasing demand for SCM software due to COVID-19 and an increased internet penetration. Factors that negatively affected growth in the historic period were an increase in cyber-attacks on supply chains, data breaches, software piracy issues and security challenges.
Going forward, rising utilization of cloud computing, a growing e-commerce industry and cost savings due to SCM software will drive the growth. Factors that could hinder the growth of the SCM software market in the future include the impact of Russia-Ukraine war and intense competition.
The SCM software market is segmented by product into transportation management system, warehouse management system, supply chain planning, procurement software and manufacturing execution system. The procurement software market was the largest segment of the SCM software market segmented by product accounting for 18.3% of the total in 2022. Going forward, the transportation management system market is expected to be the fastest growing segment in the SCM software market segmented by product, at a CAGR of 17.9% during 2022-2027.
The SCM software market is segmented by industrial vertical into consumer goods, healthcare and pharmaceuticals, food and beverages, transportation and logistics and other industrial verticals. The consumer goods market was the largest segment of the SCM software market segmented by industrial vertical accounting for 18.9% of the total in 2022. Going forward, the healthcare & pharmaceuticals market is expected to be the fastest growing segment in the SCM software market segmented by industrial vertical, at a CAGR of 18.8% during 2022-2027.
The SCM software market is segmented by user type into small and medium-sized enterprises (SMEs) and large enterprises. The large enterprises market was the largest segment of the SCM software market segmented by user type accounting for 18.5% of the total in 2022. Going forward, the small and medium sized enterprises (SMEs) market is expected to be the fastest growing segment in the SCM software market segmented by user type, at a CAGR of 17.7% during 2022-2027.
Asia-Pacific was the largest region in the SCM software market, accounting for 19.1% of the total in 2022. It was followed by North America and then the other regions. Going forward, the fastest-growing regions in the SCM software market will be South America and the Middle East, where growth will be at CAGRs of 20.6% and 19.7% respectively. These will be followed by Asia-Pacific and North America, where the markets are expected to grow at CAGRs of 18.2% and 17.0% respectively.
The SCM software market is moderately fragmented, with a large number of players. The top ten competitors in the market made up to 30.3% of the total market in 2021. SAP SE was the largest competitor with 12.4% share of the market, followed by Oracle Corporation with 7.16%, Panasonic Corporation with 4.5%, Koch Industries with 2.37%, Coupa Software Inc with 0.83%, Kinaxis Inc. with 0.76%, Manhattan Associates with 0.68%, E2open LLC with 0.65%, WiseTech Global with 0.48% and Epicor Software Corporation with 0.41%.
The top opportunities in the SCM software market segmented by product will arise in the procurement software segment, which will gain $21,270.53 million of global annual sales by 2027. The top opportunities in the SCM software market segmented by industrial vertical will arise in the consumer goods segment, which will gain $ 16,321.95 million of global annual sales by 2027. The top opportunities in the SCM software market segmented by user type will arise in the large enterprises segment, which will gain $ 41,137.93 million of global annual sales by 2027. The SCM software market size will gain the most in USA at $24,471.39 million.
Market-trend-based strategies for the SCM software market include focus on artificial intelligence in SCM, product innovations, focus on supply-chain technology management in business operations, sustainability solutions, use of blockchain in supply chain management, use of digital supply chain twin (DSCT), use of 5G technology, focus on continuous intelligence (CI), focus on supply chain governance and security and focus on partnerships and collaborations.
Player-adopted strategies in the SCM software market include expanding business presence in the supply chain management software market through strategic partnerships and collaborations, focusing on building more adaptable businesses through offering upgraded products and services and focusing on accelerating digital transformation through strategic acquisitions.
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The report covers the following chapters
- Introduction and Market Characteristics
Brief introduction to the segmentations covered in the market, definitions and explanations about the SCM software market.
- Key Trends
Highlights the major trends shaping the global SCM software market. This section also highlights likely future developments in the market.
- Global Market Size and Growth
Global historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis
Historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values and growth and market share comparison by region.
- Market Segmentation
Contains the market values (2017-2032) and analysis for each segment by product, by industrial vertical and by user type in the market.
- Regional Market Size and Growth
Regional market size (2022), historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape
Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions
Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities and Strategies
This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions and Recommendations
This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for SCM software companies in terms of product offerings, geographic expansion, price offerings, and target groups.
This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
1) By Product: Transportation Management System; Warehouse Management System; Supply Chain Planning; Procurement Software; Manufacturing Execution System
2) By User Type: Small and Medium-Sized Enterprises (SMES); Large Enterprises
3) By Industrial Vertical: Consumer Goods; Healthcare and Pharmaceuticals; Food and Beverages; Transportation and Logistics; Other Industrial Verticals
Companies Mentioned: SAP SE; Oracle Corporation; Panasonic Corporation; Koch Industries; Coupa Software Inc.
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia.
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; SCM software indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
A selection of companies mentioned in this report includes
- SAP SE
- Oracle Corporation
- Panasonic Corporation
- Koch Industries
- Coupa Software Inc