Global SCM Software Industry Overview
The deployment of SCM solutions helps to standardize procurement, minimize stock keeping, and maximize productivity. Companies that do not use SCM software solutions, experience coordinating issues between various stock keeping and procurement departments when they have multiple production facilities. As a result, a large number of companies are adopting SCM software solutions as it helps them to improve the visibility of cross-sectional departments. Technavio’s analysts have identified the improved traceability, visibility, and productivity of supply chain as major factors driving the growth of the SCM software market.
“Organizations across the world are making significant investments in scalable SCM software solutions that can forecast future demand for products and thus maintain optimal inventory levels. Such functions of SCM software solutions minimize the cost of stock keeping,” says a senior research analyst at Technavio for the enterprise application industry.
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Companies covered
The SCM software market is concentrated as the market comprises of a few companies that offer SCM software solutions to execute supply chain transactions, manage supplier relationships, and control associated business processes. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this SCM software industry analysis report will aid clients identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of a number of companies including:
- Descartes Systems
- Infor
- JDA Software
- Manhattan Associates
- Oracle
- SAP
SCM software market growth based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the Americas will make the largest contribution to the growth of this market throughout the forecast period.
SCM software market growth based on products
- SCP
- Procurement
- WMS
- TMS
According to our market research experts, the SCP segment will account for the highest growth in the market. Additionally, the report also provides an accurate prediction of the contribution of the various products segments to the growth of the SCM software market size.
Key highlights of the global SCM software market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the SCM software market during the next five years
- Precise estimation of the global SCM software market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the SCM software industry across various geographies such as the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of SCM software companies
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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global SCM software market and its stakeholders over the forecast years.
Market research analysts at Technavio have also considered how the performance of other related markets in the vertical will impact the size of this market till 2022. Some of the markets most likely to influence the growth of the SCM software market over the coming years are the voice recognition market and the mobile ticketing market.
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