According to Inkwood Research, the Global Supply Chain Management Software Market is
projected to register a CAGR of 10.02% in terms of revenue during the forecasting
years of 2019-2028.
"Browse 57 Market Data Tables and 53 Figures spread over 224
Pages, along with an in-depth TOC on the Global Supply Chain Management Software Market Forecast
2019-2028."
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By providing a real-time analytical platform, supply chain
management software enables the administration of product and information flow
across the supply chain network. It is designed to reinforce and improve supply
chain operations in industries, by intricately managing production, sourcing,
inventory, transportation, and overseeing the product requirements. It also
offers exception-oriented programs that enable employees to micro-manage
processes. Moreover, the software can be modified and customized based on
organizational needs.
Implementation
of Digitization in Businesses Promotes Market Growth
Industries and businesses worldwide, are highly focused on
enhancing efficiency and reducing maintenance of material handling solutions,
through adequate integration of data. The implementation entails collecting
information from connected devices and networking equipment, across supply
chains, for improved real-time movement. Organizations in several divisions are
also investing heavily to digitalize their business models and their supply
chain management. Additionally, the focus has now transitioned towards
improving planning procedures, like analytical demand planning, which
strengthens the industry's business processes. Moreover, supply chain
operations also ensure integrated maneuvers from customers to suppliers.
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Small
& Medium Sized Enterprises – Fastest-growing Organization Size by 2028
Implementing supply chain management offers higher control,
transparency, and efficiency, due to which small and medium businesses achieve
their targets regarding saving time and money. The segment is anticipated to
witness the highest growth rate across the forecast period as a result of the
increasing number of small and medium enterprises (SMEs), in developing
countries like India and China. Moreover, the adoption and implementation of
supply chain management software are projected to optimize industries' business
potential.
Asia
Pacific – The Prominent Region in terms of CAGR by 2028
The Asia Pacific is estimated to witness considerable market
growth due to the increase in demand for supply chain management software in
various industries. The market is further augmented by rapid industrialization,
an upsurge in demand from numerous applications, and increasing government
expenditure. The rise in penetration of cloud-based supply chain management
software because of internet-based technologies, drives its demand in the
region.
The industry rivalry may potentially shift competition and
open numerous avenues for differentiation and enhanced services. Additionally,
the emergence of startups may intensify the rivalry, which is predicted to rise
across and beyond the forecast period. Distinguished companies in the market
include HighJump, Oracle Corporation, IBM Corporation, Epicor Software
Corporation, SAP SE, etc.
About Inkwood Research
Inkwood Research specializes in syndicated & customized
research reports and consulting services. Market intelligence studies with
relevant fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises of North & South America, CEE, CIS, Middle
East, Europe, Asia, and Africa.
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