According to a research report “Supply Chain Management (SCM) Market by Component (Hardware (Barcode and Barcode Scanners, and RFID Tags and Readers), Software, and Services), Deployment Mode (Cloud and On-premises), Organization Size, Vertical and Region — Global Forecast to 2027” published by MarketsandMarkets, the global Supply Chain Management (SCM) market size is projected to grow from USD 28.9 billion in 2022 to USD 45.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period. The major factors driving the market include the increasing adoption of barcodes and RFID related technologies along with advancement in AI logistical distribution systems.
Browse 508 market data Tables and 48 Figures spread through 341 Pages
Request Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=190997554
Among hardware, Barcodes and barcode scanners to capture a higher market share
Barcodes are used in encoding information related to a product, such as serial numbers, product numbers, and batch numbers. Every product is labeled with a unique barcode. These barcodes enable manufacturers to track and identify products, enhance and optimize the receiving, packing, shipping, and delivery processes, as well as track transport providers, retailers, and hospitals. As the product reaches the destination, a quick scan of the barcode allows instant and automatic reconciliation of the order, and hence, plays an important role in SCM. Advantages of barcodes, such as improved accuracy and speed, low operational and administrative expenses, reduced capital expenditure, enhanced inventory management, product management, and monitoring, are witnessing an increase in popularity and encouraging the adoption of barcodes and barcode scanners across several industries, such as manufacturing, FMCG, retail, and eCommerce.
Asia Pacific (APAC) to grow at the highest CAGR during the forecast period
The increased shift of Asia Pacific enterprises toward leaner and agile supply chains with end-to-end visibility by the adoption of the latest technologies is also one of the biggest drivers of SCM software and services in the region. Increasing number of SME vendors across Asia Pacific region, along with advancement in technology across India, China, Japan and Australia is contributing to the growth of this region.
Market Players
The report includes the study of the key players offering SCM solutions and services. It profiles Key vendors in the global Supply Chain Management (SCM) Market, including SAP (Germany), Oracle (US), Infor (US), Descartes (Canada), Manhattan Associates (US), IBM (US), Logility (US), Kinaxis (Canada), Blue Yonder (US), Körber (US), Coupa (US), Epicor (US), BluJay (US), OMP (US), E2open (US), JAGGAER (US), Zycus (US), and GEP (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model — GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1–888–600–6441
Email: [email protected]
Wipro's Dynamics 365 SCM solution deploys solutions for holistic, real-time visibility of supply chain for faster orders delivery, improved working capital, cash realization
Supply Chain Management Software Market Global Report 2020 from Radiant Insights, Inc. provides strategists, marketers and senior management with the critical information they need to assess the global supply chain management software market.
Reasons to Purchase• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.• Create regional and country strategies on the basis of local data and analysis.• Identify growth segments for investment.• Outperform competitors using forecast data and the drivers and trends shaping the market.• Understand customers based on the latest market research findings.• Benchmark performance against key competitors.• Utilize the relationships between key data sets for superior strategizing.• Suitable for supporting your internal and external presentations with reliable high quality data and analysis• Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Download Free Sample Report @ https://www.radiantinsights.com/research/supply-chain-management-scm-software-global-market-report-2020/request-sample Description:Where is the largest and fastest growing market for the supply chain management software?
What forces will shape the market going forward?
The Supply Chain Management Software Market Global Report from Radiant Insights, Inc. answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.• The Market Characteristics section of the report defines and explains the market.• The Market Size section gives the market size ($b) covering both the historic growth of the market and forecasting the future.
It covers all the regions, key developed countries and major emerging markets.
Overview:Cloud technology has been around for almost 20 years now, but supply chain professionals are still reluctant to adopt cloud and migrate their systems.
Though the industry is in its initial stages, cloud computing will help supply chain managers to closely track a product throughout its lifecycle.
Cloud-based SCM will significantly cut down the product cost as it will locate the shipment during any stage of the transportation.
Moreover, the need for improved business agility, scalability, faster deployment, and reduction in TOC will drive the organizations to deploy cloud model of SCM.Request for Report sample Supply Chain Management (SCM) Software Market: https://www.trendsmarketresearch.com/report/sample/10247Product Analysis:The market study of cloud-based SCM will talk about the types that include supply chain planning, procurement, manufacturing execution system, warehouse management system, and transportation management system.
The procurement software market will grow due to investments from large enterprises in procurement applications and from SMEs in cloud-based procurement software.
The manufacturing execution system will have the highest growth rate with rise in automation, faster ROI, stringent government regulations, reduced lead times, reduction in production cost, and better operational excellence.Regional Analysis:North America is estimated to have the largest market share in 2017 and is expected to maintain the same till 2023.
