Supply Chain Management Market Size, Share & Industry | 2031

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Supply Chain Management Market Size, Share & Industry | 2031

Supply Chain Management Market Size, Share & Industry | 2031

Segments - Supply Chain Management Market By Solution Types (Warehouse Management System, Supply Chain Planning, Sourcing & Procurement Software, Transportation Management System, and Manufacturing Execution System), Deployment Models (Cloud-based and On-premise), Components (Services and Solutions), End-users (Small & Medium Enterprises and Large Enterprises), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global supply chain management market size was valued at USD 28.05 billion in 2022 and is projected to surpass USD 67.23 billion by 2031, expanding at a CAGR of 10.2% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing adoption of cloud supply chain management among SMEs and rising business continuity by reducing the risk of failure.

Supply chain management includes the management of services and products. It refers to the entire production flow, from raw materials to distribution of the final product to the client. A business includes a network of distributers to deliver the product from raw material suppliers to organizations and finally to customers. Logistics services determine efficient supply chain management, which control merchandise costs and allows transporters to offer supply chain visibility.

Cloud-based deployments are estimated to be cost effective, easy to implement, and positively affect businesses around the globe. Cloud-based deployments in supply chain management are expected to grow in the coming years, due to the capabilities of SaaS solutions and the convenience of cloud security.

Lockdowns imposed due to the COVID-19 outbreak are affecting the global supply chain. Therefore, several industries shifted their typical manufacturing processes to produce PPE kits, necessary medical supplies, and other objects. COVID-19 compelled several businesses and industries to reconsider their global supply chain models.

For instance, according to the Economist Intelligence Unit (EIU), over-reliance on suppliers in Asia, particularly China, already posed a major concern for businesses in MEA prior to the COVID-19 disruption in 2020, and following the outbreak, businesses in MEA plan to diversify supply chains and refocus on local production.

Supply Chain Management Market Trends, Drivers, Restraints, and Opportunities

Rising cloud-based deployments are anticipated to drive the market during the forecast period.
Integration of new digital technologies including machine learning and IoT propel the market.
Increasing demand for high transparency and visibility in supply chain data and processes boost the market.
Lack of awareness regarding advanced supply chain management tools is expected to hinder the market during the forecast period.
Rising privacy and security concerns is expected to hamper the market growth.
Advances in technology are anticipated to create lucrative opportunities for the market players during the forecast period.

Scope of Supply Chain Management Market Report

The report on the supply chain management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Supply Chain Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Solution Types (Warehouse Management System, Supply Chain Planning, Sourcing & Procurement Software, Transportation Management System, and Manufacturing Execution System), Deployment Models (Cloud-based and On-premise), Components (Services and Solutions), End-users (Small & Medium Enterprises and Large Enterprises)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Manhattan Associates; Logility; SAP SE; Oracle; The Descartes Systems Group; Infor; and IBM

Supply Chain Management Market Segment Insights

Sourcing & Procurement software segment to grow at a rapid pace

Based on solution types, the supply chain management market is segregated into warehouse management system, supply chain planning, sourcing & procurement software, transportation management system, and manufacturing execution system. The sourcing & procurement software segment is expected to grow at a rapid pace during the forecast period, due to increasing demand for production, distribution, and budgeting, which helps users manage their logistics operations efficiently.

However, the transportation management system segment is anticipated to hold a key share of the market in the coming years, owing to digital revolution. Digital revolution is transforming the landscape of the transportation business; hence a large number of transportation management system suppliers and third-party providers are embracing digitized systems for supply chain management and transportation services.

Supply Chain Management Market Solution Types Segmentation

On-premise segment to expand at a considerable CAGR

On the basis of deployment models, the market is bifurcated into cloud-based and on-premise. The on-premise segment is projected to expand at a considerable CAGR during the forecast period, owing to the speed, reliability, connectivity, and security offered to companies in this segment.

The cloud-based segment is anticipated to account for a major market share during the forecast period, due to rising adoption of cloud-based SCM software among small & medium enterprises.

Services segment to register significant market share

In terms of components, the market is divided into services and solutions. The services segment is expected to register significant market share in the coming years, owing to increasing demand for professional services for the analysis and preservation of important data and professional assistance on emerging technologies.

The solutions segment is anticipated to constitute a key market share during the forecast period, to provide improved productivity, efficiency, and customer satisfaction with optimized cost.

Large enterprises segment to register substantial CAGR

Based on end-users, the market is segmented into small & medium enterprises and large enterprises. The large enterprises segment is projected to register substantial CAGR during the forecast period, due to increasing demand for strict monitoring solutions and automation capabilities for resource allocation and strategic decision-making.

The small & medium enterprises segment is anticipated to grow at a rapid pace during the forecast period, owing to the pay-as-you-go approach adopted by small & medium enterprises to flexibly manage their IT infrastructure according to their needs.

Regional Analysis

In terms of regions, the supply chain management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period, due to technological advancements in the region. However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, owing to rising investments in infrastructure by governments and private enterprises.

Segments

The market has been segmented on the basis of

Solution Types

Warehouse Management System
Supply Chain Planning
Sourcing & Procurement Software
Transportation Management System
Manufacturing Execution System

Deployment Models

Cloud-Based
On-Premise

Components

Services
Solutions

End-users

Small & Medium Enterprises
Large Enterprises

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Manhattan Associates
Logility
SAP SE
Oracle
The Descartes Systems Group
Infor
IBM

Competitive Landscape

Key players competing in the supply chain management market share are Manhattan Associates; Logility; SAP SE; Oracle; The Descartes Systems Group; Infor; and IBM.

Oracle Corporation deals with hardware, databases, software, cloud applications, and various data infrastructure platforms. The organization provides useful supply chain management solutions. Oracle incorporates IoT, AI, and machine learning into supply chain management systems in order to create an accurate, convenient, and efficient system.

Oracle Corporation restructured SaaS tools including Enterprise Resource Planning, Human Capital Management Cloud, Enterprise Performance Management Clouds, and Supply Chain Management Cloud with industrial features and AI.

IBM released a supply chain suit that includes IBM block-chain and Watson AI. It has the ability to make supply chains smart, efficient, and capable of making decisions in difficult situations.

Supply Chain Management Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Supply Chain Management Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Supply Chain Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Supply Chain Management Market - Supply Chain
  4.5. Global Supply Chain Management Market Forecast
     4.5.1. Supply Chain Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Supply Chain Management Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Supply Chain Management Market Absolute $ Opportunity
5. Global Supply Chain Management Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Supply Chain Management Market Size and Volume Forecast by End Users
     5.3.1. Small & Medium Enterprises
     5.3.2. Large Enterprises
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Supply Chain Management Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Supply Chain Management Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Supply Chain Management Demand Share Forecast, 2019-2026
7. North America Supply Chain Management Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Supply Chain Management Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Supply Chain Management Market Size and Volume Forecast by End Users
     7.4.1. Small & Medium Enterprises
     7.4.2. Large Enterprises
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Supply Chain Management Demand Share Forecast, 2019-2026
8. Latin America Supply Chain Management Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Supply Chain Management Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Supply Chain Management Market Size and Volume Forecast by End Users
     8.4.1. Small & Medium Enterprises
     8.4.2. Large Enterprises
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Supply Chain Management Demand Share Forecast, 2019-2026
9. Europe Supply Chain Management Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Supply Chain Management Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Supply Chain Management Market Size and Volume Forecast by End Users
     9.4.1. Small & Medium Enterprises
     9.4.2. Large Enterprises
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Supply Chain Management Demand Share Forecast, 2019-2026
10. Asia Pacific Supply Chain Management Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Supply Chain Management Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Supply Chain Management Market Size and Volume Forecast by End Users
     10.4.1. Small & Medium Enterprises
     10.4.2. Large Enterprises
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Supply Chain Management Demand Share Forecast, 2019-2026
11. Middle East & Africa Supply Chain Management Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Supply Chain Management Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Supply Chain Management Market Size and Volume Forecast by End Users
     11.4.1. Small & Medium Enterprises
     11.4.2. Large Enterprises
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Supply Chain Management Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Supply Chain Management Market: Market Share Analysis
  12.2. Supply Chain Management Distributors and Customers
  12.3. Supply Chain Management Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Manhattan Associates
     12.4.2. Logility
     12.4.3. SAP SE
     12.4.4. Oracle
     12.4.5. The Descartes Systems Group
     12.4.6. Infor
     12.4.7. IBM