GVR Report cover Supply Chain Management Market Size, Share & Trends Report

Supply Chain Management Market Size, Share & Trends Analysis Report By Type (Supply Chain Planning, Procurement, Supply Chain Execution), By Region, And Segment Forecasts, 2022 - 2028

  • Report ID: GVR-4-68039-928-2
  • Number of Pages: 72
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2020
  • Industry: Technology

Report Overview

The global supply chain management market size was valued at USD 16.64 billion in 2021 and is expected to expand at a CAGR of 10.8% from 2022 to 2028. The increasing demand and usage of supply chain management software and services by various enterprises and industries to effectively manage all the data generated in the business and enhance business operations are expected to propel market growth. Additionally, the rapidly growing adoption of information technology and technical breakthroughs improves and supports the overall supply chain, contributing to the market expansion. The COVID-19 outbreak had a positive impact on the supply chain management market. A significant surge has been observed due to increased usage of supply chain management during the COVID-19 pandemic to predict and meet the demand and supply requirements.

U.S. supply chain management market size, by type, 2019 - 2028 (USD Billion)

The set of things including designing a new service or product, obtaining raw materials, converting them into a semi-finished or finished product, their transportation, and distributing or delivering them to the end-users is known as a supply chain. The set of software used for a seamless process of integration and coordination of all the fore-mentioned events along with providing support after the sale is known as supply chain management. Simply, it is the management of the flow of goods from the source to the user stage in a synchronized manner. All the partners such as information system providers, vendors, third-party companies, carriers, and others are linked and connected in this chain.

Adoption of supply chain management software among various firms and organizations is increasing as it allows them to efficiently manage the sourcing of the raw material, manufacturing, and assembling of any goods or products hence driving the market growth. Moreover, it also assists in tracking inventory and warehouse, along with managing the order entry, distribution channels, product delivery, demand and supply requirements, and financial information which is further surging the market growth. In addition, it allows management to work strategically with the supply chain of the company which is again driving the market expansion. The expansion of the global market is hampered by a lack of IT infrastructure in developing countries and a rise in security and privacy concerns.

In terms of technology deployment, organization infrastructure, strategic partnerships, and enterprise resource management, supply chain management solution and services enable companies in improving their decision-making skills. Furthermore, by exploiting the acquired insights and data, supply chain management solutions promote strategic decision-making and assist enterprises in optimizing return on investment, strengthening their market position, and accelerating growth. Supply chain management market development is fueled by advancements in industrial-grade digital technology, a shift toward cloud-based supply chain management software, and a growing need for greater supply chain visibility. 

The COVID-19 pandemic had a significant positive impact on the supply chain management market. Lockdown was imposed in all the countries across the globe to stop the further spread of SARS-CoV-2. Owing to this the supply chain across the globe was disrupted along with a shortage of raw materials and failed to meet the requirements for supply and demand for goods and products. As a result of which a huge surge has been observed in the adoption of supply chain management by various businesses to meet the consumer demand hence broadening its usage across the globe. The digital revolution is transforming every facet of the industries, with a growing number of enterprise vendors, and third-party providers embracing digitized systems for supply chain management, boosting the global industry forward.

Type Insights

The supply chain planning segment dominated the market and contributed a revenue share of over 35% in 2021 and is forecast to grow at a CAGR of 10.5% from 2022 to 2028. Supply chain planning is a software application that is used to balance and meet supply and demand requirements by applying algorithms to predict or forecast future requirements. In order to manage business functions and safeguard mission-critical data, companies are using supply chain planning solutions that enable them to streamline the operations of the entire supply chain initiating from the planning of demand to the management of risk and inventory irrespective of crises that lead to its high adoption. Therefore, its high adoption is contributing to more revenue generation for the market.

Global supply chain management market share, by type, 2021, (%)

The procurement segment is expected to witness the highest CAGR of 11.3% from 2022 to 2028. Procurement software is a type of supply management software that enables any business or organization to automate the processing of goods inventory and materials purchasing. In addition, it also helps in executing the process of online ordering, generating orders for purchases, paying bills electronically, and matching invoices to the received materials, and hence investment is growing in procurement software by various businesses hence contributing to market growth. Thus, the procurement segment is expected to achieve the fastest CAGR in the forecast period.

Regional Insights

North America accounted for the major market revenue share of above 40% in 2021 and is estimated to expand at a CAGR of 10.7% from 2022 to 2028. The presence of a huge number of adopters of such software in the region along with the fact that the region is technologically advanced is contributing to the market growth. The presence of major key players operating in the region is another key factor contributing to market growth. Therefore, due to the above-mentioned factors the usage of the supply chain management software in North America is high and contributes more to revenue generation.

Asia Pacific is anticipated to register the highest CAGR of 11.4% from 2022 to 2028. The growth of the market in the region is attributed to growing opportunities in the region along with various investments made in supply chain management. The region is also highly equipped with technologies for the adoption of such software leading to its increasing adoption which is also contributing to the market growth in the region. The above-mentioned factors make the region much easier to penetrate and thus contributing to the market growth. Therefore, Asia Pacific is estimated to expand at the highest CAGR over the forecast period.

Key Companies & Market Share Insights

The supply chain management market is characterized by the presence of established as well as new players. Most of the key players working in the supply chain management market are adopting various strategies such as alliances, partnerships, and mergers to gain maximum share in the market. For instance, the announcement for the acquisition of a majority stake of Taulia a leading provider of working capital management solutions was made by SAP SE in January 2022. Some of the prominent players in the supply chain management market include:

  • SAP SE

  • Oracle Corporation

  • JDA

  • Infor

  • Manhattan Associates, Inc.

  • Coupa Software

  • IBM

  • Logility, Inc.

  • Korber AG

  • Epicor Software Corporation

Supply Chain Management Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 18.2 billion

Revenue forecast in 2028

USD 34.1 billion

Growth rate

CAGR of 10.8% from 2022 to 2028

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2028

Quantitative units

Revenue in USD Million/Billion and CAGR from 2022 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; UK; Germany; France.; China; India; Japan; Brazil; Argentina; GCC; South Africa

Key companies profiled

SAP SE; Oracle Corporation; JDA; Infor; Manhattan Associates, Inc.; Coupa Software; IBM; Logility, Inc.; Korber AG; Epicor Software Corporation.

Customization scope

Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global supply chain management market report based on type and region:

  • Type Outlook (Revenue, USD Million, 2017 - 2028)

    • Supply Chain Planning

    • Procurement

    • Supply Chain Execution

  • Regional Outlook (Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • GCC

      • South Africa

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