The supply chain management solutions market is anticipated to expand at a CAGR of 11.2% in the coming years.
Albany, NY -- (SBWIRE) -- 06/01/2018 -- A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled "Supply Chain Management Solutions Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026"which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that the sector for Supply Chain Management Solutions Market would rise at a positive CAGR during the period 2018-2026.
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Supply chain management solutions (software and services) integrate functions such as manufacturing, distribution, and production by holistically managing the information, material flow, financials, and others. They aim to achieve competitive advantage through enhanced customer service, optimized costs, increased revenue, and investments. Supply chain management solutions consist of integrated processes such as inventory control, production planning, distribution, and logistics. Inventory control and production planning comprise the storage and manufacturing sub-processes and their interface. The distribution and logistics process defines how products are transported and delivered from the warehouse to retailers. The supply chain management solutions market is anticipated to expand at a CAGR of 11.2% in the coming years. Furthermore, the market is largely driven by mergers and acquisitions across regions. For instance, in February 2017, JDA Software acquired i2 Technologies, a provider of supply chain management solutions (software and services) for an enterprise value of about US$ 396 Mn. This acquisition is expected to establish JDA Software as an enterprise software company with a focus on supply chain management solutions (software and services) offerings.
Supply chain management solutions play an important role in industries such as food & beverages, transportation & logistics, automotive, industrial, health care, electronics, aerospace & defense, etc. These industries require supply chain management solutions (software and services) for inventory management and operation flow. The transportation industry is large and includes an extensive variety of distinct industries such as shipping, railroads, and air services. The transportation and logistics industry in North America is extremely competitive.
As supply chains and transportation networks become increasingly complex, the systems that support them are progressing and improving at a rapid speed. Solution vendors have been integrating various functionalities of transportation into their solutions. Several vendors are emphasizing on developing solutions for transporters to modernize their supply chains and also making them more time and cost efficient. This has been driving the supply chain management solutions (software and services) market. Several firms that sell products through the Internet or catalogs are able to offer responsiveness by using transportation to supply products in 24 hours. For instance, UPS and FedEx are two companies that can offer highly responsive transportation services. Amazon is also focusing on operating and expanding its own transportation services across high volume markets to be more responsive to customer requirements.
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Factors such as increasing adoption of supply chain management solutions in transportation management is expected to drive the expansion of the market.
The supply chain management solutions (software and services) market can be segmented based on deployment, services, industry, enterprise size, and region. In terms of deployment, the market can be classified into on-premise and cloud-based. Based on service, the market can be categorized into managed services and professional services. In terms of industry, the market can be divided into aerospace & defense, automotive, electronics, food & beverages, industrial, health care, transportation & logistics, and others (chemicals, apparel, etc.). Based on enterprise size, the market can be categorized into small and medium enterprises (SMEs) and large enterprises.
In terms of region, North America is expected to hold a major share of the supply chain management solutions (software and services) market. Expansion in this region is attributed to rising demand for advanced supply chain management services in industries. Adoption of the on-premise deployment model is high in this region. The market in Asia Pacific is expected to offer lucrative opportunities, primarily due to high growth seen in the supply chain management solutions (software and services) market across emerging economies such as Japan, India, and Singapore. Furthermore, the market in Europe, Middle East & Africa, and South America is also expected to expand significantly over the forecast period.
Key players profiled in the supply chain management solutions (software and services) market report include Aspen Technology, Inc., Comarch, IBM Corporation,, Infor, Inc., JDA Software Group, Inc., Kinaxis, Oracle Corporation, Plex Manufacturing Cloud, QAD, Inc., Sage, SAP SE, and Vanguard Software.
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