Supply Chain Management Market

Author: Reports and Insights

The rising adoption of cloud supply chain management across SMEs and other major driving factors is expected to favour the rise in the global supply chain management market

 

Reports and Insights has published a new report titled, “Supply Chain Management Market: Opportunity Analysis and Future Assessment 2020-2028

Global Supply Chain Management Market, By Component (Hardware, Software, Services), By Deployment Mode (On-premises, Cloud), By Organization Size (SMEs, Large enterprises), By Verticals (FMCG, Retail and eCommerce, Healthcare, Manufacturing, Automotive, Transportation and Logistics, Others (Construction, Oil and Gas, Aerospace and Defense, and Agriculture)) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.

The global supply chain management market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.

Supply chain management can be perceived as the management and regulation of the complete manufacturing cycle of a commodity or service — beginning from the raw constituents all the way to providing the end product to the consumer. An organization fabricates a system of suppliers that proceed the product along from the providers of raw materials to those organizations that deal straightaway with end-consumers. An effe supply chain management system minimizes cost, waste and time in the production cycle.

One of the major factors that essentially propels its market growth is the benefits provided by an effective supply chain management including higher efficiency rate, reduced overhead costs, improved quality control, enhanced cash flow and many more such benefits, which primarily elevates its demand across the global markets. By the same token, the growing demand for an efficient supply chain management system across the SMEs worldwide is further expected to contribute positively to the market growth in the following years.  

Moreover, the growing demand for transparency from end-consumers and rapid evolution of the e-commerce industry, in the current times, are other crucial factors that are responsible for the swift growth of the global supply chain management market.

In addition to that, the brisk developments and upgrades in technologies are bringing revolution to the supply chain industry as well as integration of AI competencies with SCM presentations are likely to offer remunerative opportunities for SCM vendors in the coming years.

Reports and Insights Study identifies some of the key participating players in the supply chain management market globally are SAP SE, Oracle, The Descartes Systems Group, Infor, IBM, Manhattan Associates, and Logility Inc. among others.

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