The Europe Digital Supply Chain Market would witness market growth of 12.0% CAGR during the forecast period (2021-2027).
Digital supply chain strategies serve innovative technologies like big data, machine learning, the internet of things (IoT), & augmented reality. The digitalization of supply chain with latest technologies would enhance the traditional supply chains, help in preparing for any kind of disruptions which may occur in near future and building great resiliency. In addition, the digital supply chains may provide advanced analytics to visualize data which helps the users to easily learn from mistakes.
The digitalization process in many companies is steady where the enterprise resource planning system enables them to integrate & systematize their internal processes to make the company less resource concerned & more efficient. After that, the company implements consumer relationship management & e-commerce solutions in order to manage operations directly related to consumers like retention & sales.
According to KLU Center for Sustainable Logistics & Supply Chain (CSLS), even in the COVID pandemic, the logistics decarbonization process in Europe is being integrated into companies' strategic planning. According to the various European supply chain managers, the key area for digitalization in the company's supply chain is SCM IT integration where the companies prefer to invest the highest amount. Most of the companies raise the demand to integrate IT systems & data in their groups for high or significant potential enhancements to SCM and IT networking with suppliers & customers in a supply chain.
The Germany market dominated the Europe Digital Supply Chain Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $588.8 million by 2027. The UK market would experience a CAGR of 11.1% during (2021 - 2027). Additionally, The France market is anticipated to grow a CAGR of 12.8% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Retail & Consumer Goods, Food & Beverages, Healthcare & Pharmaceuticals, Manufacturing, Transportation & Logistics, Automotive, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Digital Supply Chain Market Size will Hit $8.6 Billion by 2027, at a CAGR of 12.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cloudera, Inc., IBM Corporation, SAP SE, MicroStrategy, Inc., TIBCO Software, Inc., SAS Institute, Inc., Salesforce.com, Inc., Oracle Corporation, Software AG, and Infor, Inc.
By Component
By Enterprise Size
By End User
By Country
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