Supply Chain Management Market to Reach USD 59 Billion by 2030, Driven by E-Commerce and Technology

Supply Chain Management Market to Reach USD 59 Billion by 2030, Driven by E-Commerce and Technology

Introduction:

According to market analysts at Next Move Strategy Consulting, the global Supply Chain Management (SCM) Market size is predicted to reach USD 59 billion with a CAGR of 10% by 2030. As businesses navigate increasingly complex global supply networks, the demand for efficient SCM solutions has never been greater. SCM encompasses the management and coordination of goods, services, and information flow from origin to consumption, focusing on optimizing operations, reducing costs, and improving delivery speed and accuracy.

The SCM market's growth is driven by the soaring popularity of e-commerce, the trend toward globalization, and advancements in technologies like AI and blockchain, which are transforming logistics and inventory management.

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Growth Drivers:

  1. E-Commerce Surge: The global rise of e-commerce, projected to reach USD 26.7 trillion in 2021, is a key driver of the SCM market. With online shopping becoming the preferred mode of purchasing, businesses require robust SCM solutions for seamless order fulfillment and inventory management.
  2. Globalization and Supply Chain Complexity: As companies expand operations internationally, the need for efficient and scalable SCM systems becomes critical. Businesses are increasingly integrating technologies to manage cross-border logistics, procurement, and distribution.
  3. Technological Advancements: The adoption of artificial intelligence (AI), robotics, and blockchain is transforming the SCM landscape. These technologies enhance data analysis, automate processes, and increase transparency, driving the demand for advanced SCM solutions.
  4. Industry-Specific Demand: Industries such as healthcare, automotive, and food & beverage are increasingly relying on SCM solutions to manage their complex supply chains. Real-time tracking, procurement, and delivery optimization are crucial for maintaining competitive advantages.

Challenges:

  • High Implementation Costs: The initial investment required to integrate advanced SCM technologies can be a barrier for smaller businesses.
  • Complexity of Management: The growing intricacy of global supply chains, combined with fluctuating market demands, presents operational challenges for organizations striving for operational efficiency.

Opportunities:

  • Integration of AI and Robotics: The use of AI and robotics in supply chains offers significant opportunities to automate tasks such as inventory management, order picking, and packaging, reducing operational costs.
  • Emerging Markets: The expansion of e-commerce in emerging economies presents lucrative opportunities for SCM providers to expand their market share.
  • Blockchain Technology: The increasing adoption of blockchain for enhanced transparency and security in supply chain transactions offers a transformative opportunity for SCM systems.

Key Industry Segments:

By Component

  • Solution
    • Transportation Management System
    • Planning & Analytics
    • Warehouse & Inventory Management System
    • Procurement & Sourcing
    • Manufacturing Execution System
  • Services
    • Professional Services
    • Managed Services

By Deployment

  • On-premises
  • Cloud-based

By End-User

  • Retail & E-commerce
  • Healthcare
  • Automotive
  • Transportation & Logistics
  • Food & Beverages
  • Manufacturing
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Other European Countries
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Other Asia-Pacific Countries
  • Rest of the World (RoW)
    • Latin America
    • Middle East
    • Africa

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Key Players:

Prominent players in the SCM market include:

  • International Business Machines Corporation (IBM)
  • Blue Yonder Group Inc.
  • Manhattan Associates Inc.
  • Oracle Corporation
  • SAP SE
  • Epicor Software Corporation
  • The Descartes Systems Group Inc.
  • Kinaxis Inc.
  • Accenture plc
  • o9 Solutions Inc.

These companies are focused on innovation and strategic partnerships to enhance their supply chain solutions and maintain a competitive edge.

Conclusion: The rapid evolution of global supply chains, combined with technological innovations in AI, robotics, and blockchain, is driving the growth of the SCM market. As businesses strive for operational excellence and cost efficiency, the adoption of sophisticated SCM solutions will play a pivotal role in shaping the future of logistics and supply chain management across various industries.

For more information, please contact:

Next Move Strategy Consulting

E-Mail: info@nextmsc.com

Direct: +1-217-650-7991

Website: www.nextmsc.com

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About Next Move Strategy Consulting:

Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicates as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that range from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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