Published Date: 22-Dec-2021
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According to a new report Global Supply Chain Management Market, published by KBV research, The Global Supply Chain Management Market size is expected to reach $42.46 billion by 2027, rising at a market growth of 10.4% CAGR during the forecast period.
The services segment is anticipated to witness the fastest growth rate during the forecast period. It is because of the various advantages provided by these services to the industry verticals and these advantages include a comprehensive view of supply chain management objectives, reduction in the deployment cot & risks, boost software deployment, the increased value of prevailing installation by optimizing it, and others.
The cloud-based supply chain management software is projected to exhibit the highest CAGR during the forecast period. It is owing to the factors like increasing adoption of cloud-based supply chain management software among SMEs.
The small & medium-sized enterprises segment is estimated to showcase the fastest growth rate over the forecast period. It is because of the factors like high adoption of cloud-based supply chain management software since it offers a cost-effective and efficient solution for these enterprises.
The automotive segment is anticipated to display the highest growth rate over the forecast period. In the automotive industry, the supply of spare parts is one of the crucial aspects since all the parts of an automobile are manufactured in one place and assembled at another place, which makes it important for the manufacturers to keep a check on the supplies of these products.
Asia Pacific region is anticipated to register the fastest growth rate during the forecast period due to the strong economic growth of the region coupled with the ongoing development in the services industry of this region. Moreover, the high penetration of mobility, growing cloud deployment among small & medium enterprises, and continuing modernization of manufacturing & construction sectors would lead to the high investment of the companies on supply chain management software across this region.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SAP SE, Oracle Corporation, Infor, Inc. (Koch Industries), IBM Corporation, Descartes Systems Group, Inc., Manhattan Associates, Inc., American Software, Inc. (Logility, Inc.), Kinaxis, Inc., Blue Yonder Group, Inc. (Panasonic Corporation), and Körber AG.
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