The Latin America, Middle East and Africa Digital Supply Chain Market would witness market growth of 17.7% CAGR during the forecast period (2021-2027).
The digital supply chain allows collaboration between multiple external and internal systems & people. The collaboration provides opportunities to eliminate data silo effects. The unified view of the supply chain by a single portal instead a web of forty plus points of integration that speed up the cross trading as well as cross department collaboration which would make the digital supply chain more responsive & agile.
Most of the companies are digitalizing their relationships with suppliers and retailers. The companies are adopting supplier relationship management platforms for collaborating in logistics and other operations in a better way. This is because they are aware that a well-organized supply chain would support the organization in expansion along with reducing the cost and retaining customers.
Saudi Arabia and the United Arab Emirates are expected to widely adopt the advanced technologies & digital supply chains. The increased internet penetration & various initiatives by the governments of middle eastern countries are supporting the companies in the digital transformation activities. The increasing modernization in various countries of the region is also responsible for digital transformation. Also, the companies are adopting autonomous vehicles & drones for faster delivery of products.
The Brazil market dominated the LAMEA Digital Supply Chain Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $149.5 million by 2027. The Argentina market would experience a CAGR of 18.4% during (2021 - 2027). Additionally, The UAE market is exhibiting a CAGR of 17.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Digital Supply Chain Market is Predict to reach $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.
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