Supply Chain Management Solutions (Software and Services) Market

Supply Chain Management Solutions (Software and Services) Market Expected to
Reach US$ 32,908.2 Mn by 2026
According to a new market report published by Transparency Market Research,
the global supply chain management solutions (software and services) market is
expected to reach a value of US$ 32,908.2 Mn by 2026 on account of exponential
growth in supply chain management solutions (software and services) modules. The
market is projected to expand at a CAGR of 11.2% during the forecast period from
2018 to 2026. The expansion is attributed to rising demand for advanced supply
chain management solutions (software and services) in industries and increasing
adoption of on-premise deployment models to offer the finest services to the clients.
In the supply chain management solutions (software and services) market, North
America is anticipated to be a rapidly expanding region, followed by Asia Pacific,
Europe, Middle East & Africa, and South America during the forecast period. Further,
the supply chain management solutions (software and services) market is at an
emerging stage and is anticipated to expand rapidly during the coming years.
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Exponential Expansion in E-Commerce Industry is driving the Global Supply Chain
Management Solutions (Software and Services) Market
Expansion in the e-commerce industry along with rapid delivery of goods in order to
gain competitive advantage have led to high demand for supply chain management
solutions (software and services) systems. This, in turn, offers opportunities for key
vendors to develop solutions focusing on the retail or e-commerce industries. For
instance, Vinculum Solutions, an India based company, focuses on delivering solutions
(Vin e-Retail WMS) and products specific to the retail industry. The company’s
solutions support easy order delivery; last mile delivery; and integration with
manufacturers, logistics companies, and web stores such as Amazon, Flipkart, eBay,
Lazada, and Snapdeal. Online sales channels are becoming more complex and are
encouraging manufacturing businesses to adopt supply chain management solutions
(software and services) software. This is expected to propel the supply chain
management solutions (software and services) market in the coming years. Emergence
of e-commerce has led to rise in adoption of supply chain management solutions
(software and services) solutions. The e-commerce industry is offering new
opportunities to companies such as FedEx in the area of logistics.
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Supply Chain Management Solutions (Software and Services) Market: Scope of the
Report
The supply chain management solutions (software and services) market can be
segmented based on deployment, industry, and enterprise size. According to the
research study, the global supply chain management solutions (software and services)
market is dominated by the food & beverage industry, which held a significant
market share in 2016. This is due to rise in requirement for and higher adoption of
supply chain management solutions (software and services) in the food & beverage
sector across the world. The food & beverage industry is increasingly adopting supply
chain management solutions (software and services) to understand changing consumer
preferences, minimize risks, and reduce costs, which leads to improved productivity
of businesses. Further, industries such as transportation & logistics, automotive, and
industrial are also showing high growth in this market. In terms of deployment, the
on-premise segment held a prominent market share in 2016 and is expected to
continue its dominance over the forecast period.