The solutions in the global supply chain management solutions (software and services) market deal with integration of various essential functions including manufacturing, production, and distribution through comprehensive management of information, financials, and material flow, among others. They are utilized to achieve competitive benefits by optimizing costs, increasing investments, enhancing customer service operations, and increasing the revenue. Some of the most common solutions in the global supply chain management solutions (software and services) market include inventory control, distribution planning, logistics, and production design and planning.
Supply Chain Management Solutions (Software and Services) Market Set to Expand at CAGR of 11.2 % Over the Forecast Period i.e. 2018 to 2026
Research authors at Transparency Market Research predict that the global supply chain management solutions (software and services) market will expand at a stellar CAGR of 11.2% through the forecast period of 2018 to 2026. Solutions in the global supply chain management solutions (software and services) market can be deployed by two methods, namely on premise deployment and cloud deployment. Key factor aiding the expansion of the global supply chain management solutions (software and services) market includes rising adoption of supply chain management solutions in the global transportation management industry.
Increasingly complex nature of supply chain as well as transportation networks have instigated the requirement for technologically advanced support and management systems. Many vendors are developing novel solutions that can assist transporters to modernize their supply chains to make them more cost as well as time efficient. Types of services offered by the players and participants in the global supply chain management solutions (software and services) market include professional services and managed services.
Leading industry verticals implementing solutions from the global supply chain management solutions (software and services) market include automotive, food and beverages, healthcare, chemicals, aerospace and defense, electronics, industrial, transportation and logistics, and apparel, among others. Increasing demand from transportation and logistics industry is anticipated to positively augment the future trajectory of the global supply chain management solutions (software and services) market in coming years. Segments in the global supply chain management solutions (software and services) market based on the size of enterprise availing services from the players are large enterprises and small and medium enterprises, also known as SMEs.
North America Holds the Leading Share in Supply Chain Management Solutions (Software and Services) Market
Key regions covered in the market analysis on global supply chain management solutions (software and services) market are Europe (including France, Germany, the United Kingdom, and rest of the Europe), Middle East and Africa (including South Africa, Gulf Cooperation Council countries, and rest of the Middle East and Africa), North America (including the United States, Canada, and rest of the North America), Asia Pacific (including India, Japan, China, and rest of the Asia Pacific), and South America (including Brazil and rest of the South America).
North America is anticipated to account for the largest share in global supply chain management solutions (software and services) market in coming years owing to increasing demand for technologically superior supply chain management services in the region. Another geographical region expected to record significant growth in the global supply chain management solutions (software and services) market in coming years is Asia Pacific. Growth of the Asia Pacific supply chain management solutions (software and services) market can be attributed to high growth of adoption of supply chain management solutions in regional economies such as India, Singapore, and Japan.
Leading players operating within the global supply chain management solutions (software and services) market are Comarch, Infor, Inc., Kinaxis, Plex Manufacturing Cloud, Sage, Vanguard Software, Aspen Technology, Inc., IBM Corporation, JDA Software Group, Inc., Oracle Corporation, QAD, Inc., and SAP SE. Several players in the global supply chain management solutions (software and services) market are focused mergers and acquisitions as a leading strategy to expand their geographical presence. For instance, JDA Software acquired a provider in the global supply chain management solutions (software and services) market called “i2 Technologies” in February of 2017.
Reference link: https://www.transparencymarketresearch.com/supply-chain-management-solutions-market.html
