Furthermore, ongoing modernization of supply chain network in number of organizations offer lucrative opportunities for the market. Heres how to recognize the signs. For instance, in April 2019, Locus, a global B2B SaaS company, announced the launch of QuickStart for small-scale enterprises (SMEs). Estimates on production and value are based on the price in the supply chain at which the Supply Chain Cost-to-Serve Analytics Technology are procured by the manufacturers. Trends in supply chain management. The global supply chain risk management market is expected to witness significant growth during the forecast period (2018-2026). 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 2030. Blue Yonder offered enhanced flexibility and security to commercial customers. As the online retail business grows and retailers compete to provide a seamless delivery experience for customers, organizing an efficient supply chain has become increasingly important. We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries. As a result, over the forecast period, demand for support and maintenance services is expected to grow. 6. This is attributed to the rapid growth in demand for SCM software due to supply chain disruptions triggered by the COVID-19 pandemic. Using crowdsourced delivery and multiple logistics partners. Sourcing mainly focuses on lowering prices, improving quality, and achieving efficiencies on a regional as well as global level. According to the latest report by IMARC Group, titled "Supply Chain Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global supply chain analytics market size reached US$ 5.8 Billion in 2021.Looking forward, IMARC Group expects the market to reach US$ 15.6 Billion by 2027, exhibiting a growth rate (CAGR) of 17.89% during 2022-2027. The global supply chain management market size was valued at USD 18,446 million in 2021 and is expected to expand at a CAGR of 10.9% from 2022 to 2030. The existing situation owing to the outbreak of the epidemic will inspire pharmaceutical vendors and healthcare establishments to improve their R&D investments in AI, acting as a core technology for enabling various initiatives. The on-premises segment accounted for the largest market share in 2021. By solution type, it is classified into transportation management system, warehouse management system, supply chain planning, sourcing & procurement software, and manufacturing execution system. No purchase commitment. Apart from business strategies, the study includes current developments and key financials. These security issues related to unauthorized user data access can threaten the company's data security and competitive business position. Asia Pacific is anticipated to register the highest growth during the forecast period. Dec 05, 2022 (The Expresswire) -- The Supply Chain Cost-to-Serve Analytics Technology Market 2023 report provides an in-depth assessment of the market's size, trends, market share,. Trend 1: Hyperautomation Hyperautomation is a framework to mix and match a vast array of technologies in the best possible way, such as historic legacy platforms with recently deployed tools and planned investments. JERSEY CITY, N.J., May 5, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Supply Chain Management (SCM) Market" By Type (Solution, Services), By Application (Manufacturing, Food and Beverages), and By Geography. Addition or alteration to country, regional & segment scope. Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Supply Chain Cost-to-Serve Analytics Technology estimated at USD million in the year 2022, is projected to reach a revised size of USD million by 2028, growing at a CAGR during the forecast period 2022-2028. This is expected to drive the growth of the logistics analytics segment over the forecast period. The supply chain management market was valued at $18,699.45 million in 2020, and is projected to reach $52,632.37 million by 2030, registering a CAGR of 10.7%. The Global Supply Chain Management Market Size was valued at USD 16.64 billion in 2021 and is expected to reach at a CAGR of 10.8% from 2021 to 2030, as per the latest research report by. In February 2019, Blue Yonder partnered with Microsoft to deploy its SCM software on Microsoft Azure Cloud. Logistics analytics solutions assist in connecting transportation networks to forecast market demand and locate product supply points. The retail and e-commerce segment is expected to experience the highest CAGR during the forecast period. The major players in the market are SAP SE, Oracle Corporation, JDA Software Group, Inc., Infor, Manhattan Associates, Epicor Software Corporation, The Descartes Systems Group Inc., Kinaxis Inc., and IBM Corporation. During these uncertain times, supply chain analytics-enabled organizations to identify processes that needed immediate attention or products/items that were likely to run out soon, allowing them to manage the demand-supply gap better than before. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market. Even before the COVID-19 pandemic hit, the supply chain market size has been increasing. What is the supply chain analytics market growth? Lack of attention to these elements may result in a decrease in production. SCM services provide data-driven insights to companies and improve their supply chain operations. How we got to the highest inflation in 40 years. Addition or alteration to country, regional & segment scope. Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Our support available to help you 24 hours a day, five days a week. Post COVID-19, the global digital supply chain market size was valued at $3,918.00 million in 2020, and is projected to reach $13,679.00 million by 2030, registering a CAGR of 13.2%. The small & medium enterprises segment is projected to emerge as the fastest-growing segment over the forecast period owing to the increasing number of small and medium enterprises (SMEs) in developing economies, such as Mexico and India. A growing concern is that corporate data can be leaked on the internet and viewed by unauthorized users. The increased availability of cloud-based SCA solutions has triggered their demand across small & medium business enterprises owing to benefits such as easy deployment, shorter implementation window, effective use of IT resources, and the flexibility and mobility offered by these solutions. The offerings are available free of cost and include Qualtrics Supply Continuity Pulse solution and Planning as a Service with the SAP Integrated Business Planning for Supply Chain solution. Visit a quote page and your recently viewed tickers will be displayed here. Which region accounted for the largest supply chain management market share? Supply chain analytics solutions can help in improving performance as they provide access to real-time data across the value chain and reflect the updates made to any region or any process throughout the organization in real-time. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. The service segment is expected to experience significant growth at CAGR during the forecast period. This is expected to aid the growth of the sales & operations segment over the forecast period. We value your investment and offer free customization with every report to fulfil your exact research needs. SCM involves centralized management of the flow of goods and services including processes such as planning and forecasting, purchasing, product assembly, moving, storage, distribution . Our support available to help you 24 hours a day, five days a week. Dec. 8, 2022 . Supply chain group's battle to preserve tempo with technological advances and adjustments that the virtual age brings to industries and markets. Supply Chain Digitization Technology Market Size 2022 by Top Countries Data, Industry Analysis by Regions, Revenue, Share, Development, Tendencies and As per this Nikkei Asia article, exports from the country grew 9.9 percent to $239.7bn in September 2020. Contact UsMr. It represents the trends, constraints, and drivers that are changing the market, for better or for worse. Major players headquarters, market shares, industry ranking and profiles are presented. SCM also provides access to precise real-time freight analytics and the flexibility to generate reports enabling large enterprises to make better business decisions such as supply planning, inventory planning, and distribution planning, among others. By 2021, SaaS deployments are expected to increase at higher rate and sales of on-premises licenses will decline. And, this number has continued to hold, despite the pandemic. The small and medium-sized enterprise (SMEs) segment is expected to experience the highest CAGR of 11.5% during the forecast.t period. By component, the market is bifurcated into solution and services. Avail customized purchase options to meet your exact research needs. Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future. With QuickStart, the company aims to provide customers with tools to improve and evaluate the situation. The digital revolution is changing the landscape of the transportation business, due to which number of transportation management system vendors and third-party providers are adopting digitized systems for supply chain management and transportation activities, which is positively impacting the growth of the SCM industry. Technological proliferation has led to large-scale adoption of IoT devices and has subsequently increased the OEM customers dependence on cloud-based platforms. Organizations can leverage the power of big data, AI, IoT, and the cloud to improve and automate supply chain processes. The European Commission's Single Market Strategy allows commodities, services, people, and capital to travel freely within the region. This report can help to understand the relevant market and consumer trends that are driving the Supply Chain Cost-to-Serve Analytics Technology market. This part also provides an assessment of the global market and the size of each type of production. The global key companies of Supply Chain Cost-to-Serve Analytics Technology include LLamasoft, Oracle, JDA Software, Facton, Jonova and Profit Velocity Solutions, etc. For instance, according to a survey conducted by "Institute for Supply Chain Management Organization" in March 2020, almost 75% of the companies reported global SCM disruptions in one form or other due to the corona virus related transportation restrictions and it is further expected to increase in the upcoming few weeks. There is an increase in the demand for hybrid supply chain environments with coexisting cloud and on-premises applications with information hubs and supplier networks dominating the move to cloud. Because of the importance of transportation, warehouse managers should examine transportation within their supply chains. The purpose of the analysis is to provide technology buyers with an overview of the technology landscape and its market participants. The presence of major key players such as IBM, Microsoft, Telus International, and Infor, among others operating in the region, is another key factor contributing to market growth. Key factors that are driving the supply chain management market growth include rising demand and increased awareness of the benefits of SCM solutions, such as transportation management systems, planning & analytics, forecasting accuracy, warehouse & inventory management, supply chain optimization, procurement & sourcing, waste minimization, manufacturing execution and relevant synthesis of business data. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Networking. Research report covers market growth, development, manufacturers, opportunities, dynamics, key drivers, product classification, and daily market valuations. The U.S. Department of Energy (DOE) works with wind energy technology suppliers to promote advanced manufacturing capabilities. Ultimately, this is the only way to achieve lower total costs for a model where transportation can account for as much as 60 percent of total operational costs, a significant portion of a company's supply chain costs. Technology makes the world go round. Is there a problem with this press release? With the help of this technology, the companies can provide real-time tracking data such as delivery route, current location, and the estimated time of arrival to the consumers, thus enhancing the supply chain process. . Looking forward, IMARC Group expects the market to reach US$ 15.6 Billion by 2027, exhibiting a growth rate (CAGR) of [] However, the transportation management system segment is expected to witness the highest growth. Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=58798, Browse in-depth TOC on "Supply Chain Management (SCM) Market", Global Supply Chain Management (SCM) Market Overview. b. How big is the supply chain management market? The increasing number of government initiatives through various digital SME campaigns throughout the globe is also expected to drive the growth of the small & medium enterprises segment over the forecast period. Post COVID-19, the size of the supply chain management (SCM) market is estimated to grow from $18,699.45 million in 2020 and projected to reach $52,632.37 million by 2030, at a CAGR of 10.7%. Accenture PLC; Aera Technology; Birst, Inc.; Capgemini SA; Genpact Limited; International Business Machines Corporation; JDA Software Group, Inc.; Kinaxis; Lockheed Martin Corporation; Maersk Group; Manhattan Associates, Inc. Free report customization (equivalent up to 8 analysts working days) with purchase. In addition, we gained insights from market experts to better understand the market. VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. [223 Pages Report] The global supply chain security market size is projected to grow from USD 903 million in 2021 to USD 1,227 million by 2026, at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period. In addition, it allows management to work strategically with the company's distribution network, which is again driving the market expansion. The supply chain segment involved with . Companies are adopting cloud-based solutions for greater adaptability and flexibility in the supply chain process. Advancement in the technology has provided todays businesses with multifaceted advantages resulting in daily economic shifts. This report also includes a discussion of the major players across each regional Supply Chain Cost-to-Serve Analytics Technology market. The manufacturing segment held the highest market share of over 24% in 2021. However, do note that a degree in business administration can help you build a solution-driven mindset. Visualize Supply Chain Management (SCM) Market using Verified Market Intelligence:-: Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. , supply chain management software provides better visibility to organizations with a cross-functional access and offers exception-based process management platforms that enable staff to micro-manage steady-state processes. b. This allows businesses to quickly assess the current health of their supply chain from a data standpoint, allowing for better strategic decision-making. The increased demand for strong monitoring solutions and automation capabilities for resource allocation and strategic decision-making boosted the growth of the segment. SCA helps organizations get a broader view of supply chain activities, allowing them to efficiently manage any issues that may impact the profitability or sustainability of the business. To avoid data loss or theft, professional services must ensure that the new systems are compatible with the existing systems of numerous departments and integrate the new systems with the existing ones, increasing segment growth. Get the report to learn more. Supply Chain Management Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Deployment, By Enterprise Size, By Vertical, By Region, And Segment Forecasts, 2022 - 2030 Report ID: GVR-4-68039-928-2 Number of Pages: 120 Format: Electronic (PDF) Historical Range: 2017 - 2020 Industry: Technology Report Summary Global Supply Chain Visibility Software Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns . Further, VR/AR can also prove to be a valuable solution in providing remote assistance as it can support in avoiding unnecessary travel. The growth can be attributed to increased demand for constant monitoring systems and automation features such as advanced shipment notification management, customizable notifications, in-transit status updates, user-configurable dashboards, and visual supply chain maps in numerous large-sized industries. Also, in April 2020, SAP SE announced additional offerings and access to the companys technologies to help enterprises confront and navigate the COVID-19 pandemic. North America dominated the supply chain analytics market with a share of 38.4% in 2021. In 2020, the supply chain management market share was dominated by the Procurement and sourcing segment, and is expected to maintain this trend during the forecast period. See for yourself. Im 68, my husband is terminally ill, and his $3 million estate will go to his son. Besides, the circulation time is longer, the firm's benefit of blockchain is worse. For instance, in June 2020, Infosys Limited launched a personalized medicine solution for the pharmaceutical industry. Moreover, growing customer demand, as well as the requirement to ensure product availability and timely delivery, are driving demand for supply chain efficiency improvements. The need to optimize resource utilization and cost are vital considerations contributing to the overall segment growth in 2021. Supply chain organizations should unify their technology portfolio and update their legacy systems. The supply chain management market is segmented into component, solution type, deployment model, user type, industry vertical, and region. In terms of technology deployment, organization infrastructure, strategic partnerships, and enterprise resource management, SCM solution and services enable companies to improve their decision-making skills. Please wait while we are processing your request Supply Chain Analytics Market Size Report, 2022-2030. Moreover, the rising amount of data generated in the . Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are anticipated to substantially contribute while responding to the COVID-19 pandemic and address continuously evolving challenges. Supply chain analytics is the inspection of information companie The presence of a huge number of adopters of such software in the region and the fact that the region is advancing technologically contribute to the market growth. The CTS analysis solution markets most common use cases are:More informed product portfolio management Costing decisions and supply network design Gain sharing between suppliers and customers Differentiated performance targets for supply chain segments Improved process and resource efficiency. Wind Manufacturing and Supply Chain. Advancements in industrial-grade digital technology, increase in inclination toward cloud-based supply chain management software, and rise in need for improved supply chain visibility majorly contribute toward the supply chain management market growth. QuickStart is a self-service version of the product suite designed to assist SMEs in enhancing their supply chain efficiency in the wake of the COVID-19 pandemic. These initiatives may help the supply chain analytics market grow at a healthy rate in the coming years. The transportation management system segment held the largest share in 2021. The Supply Chain Cost-to-Serve Analytics Technology Market 2023 report provides an in-depth assessment of the market's size, trends, market share, and dynamics. The COVID-19 outbreak had a positive impact on the target market. Purchase this report (Price 5600 USD for a single-user license) https:/www.businessgrowthreports.com/purchase/21908977, Detailed TOC of Global Supply Chain Cost-to-Serve Analytics Technology Market Report 1 Supply Chain Cost-to-Serve Analytics Technology Market Overview, 1.1 Product Overview and Scope of Supply Chain Cost-to-Serve Analytics Technology, 1.2 Supply Chain Cost-to-Serve Analytics Technology Segment by Type, 1.3 Supply Chain Cost-to-Serve Analytics Technology Segment by Application, 2.1 Global Supply Chain Cost-to-Serve Analytics Technology Production Market Share by Manufacturers (2017-2023), 2.2 Global Supply Chain Cost-to-Serve Analytics Technology Revenue Market Share by Manufacturers (2017-2023), 2.3 Supply Chain Cost-to-Serve Analytics Technology Market Share by Company Type (Tier 1, Tier 2 and Tier 3), 2.4 Global Supply Chain Cost-to-Serve Analytics Technology Average Price by Manufacturers (2017-2023), 2.5 Manufacturers Supply Chain Cost-to-Serve Analytics Technology Production Sites, Area Served, Product Types, 2.6 Supply Chain Cost-to-Serve Analytics Technology Market Competitive Situation and Trends, 3.1 Global Production of Supply Chain Cost-to-Serve Analytics Technology Market Share by Region (2017-2023), 3.2 Global Supply Chain Cost-to-Serve Analytics Technology Revenue Market Share by Region (2017-2023), 3.3 Global Supply Chain Cost-to-Serve Analytics Technology Production, Revenue, Price and Gross Margin (2017-2023), 3.4 North America Supply Chain Cost-to-Serve Analytics Technology Production, 3.5 Europe Supply Chain Cost-to-Serve Analytics Technology Production, 3.6 China Supply Chain Cost-to-Serve Analytics Technology Production, 3.7 Japan Supply Chain Cost-to-Serve Analytics Technology Production, 4 Global Supply Chain Cost-to-Serve Analytics Technology Consumption by Region, 4.1 Global Supply Chain Cost-to-Serve Analytics Technology Consumption by Region, 5.1 Global Supply Chain Cost-to-Serve Analytics Technology Production Market Share by Type (2017-2023), 5.2 Global Supply Chain Cost-to-Serve Analytics Technology Revenue Market Share by Type (2017-2023), 5.3 Global Supply Chain Cost-to-Serve Analytics Technology Price by Type (2017-2023), 6.1 Global Supply Chain Cost-to-Serve Analytics Technology Production Market Share by Application (2017-2023), 6.2 Global Supply Chain Cost-to-Serve Analytics Technology Revenue Market Share by Application (2017-2023), 6.3 Global Supply Chain Cost-to-Serve Analytics Technology Price by Application (2017-2023), 8 Supply Chain Cost-to-Serve Analytics Technology Manufacturing Cost Analysis, 8.1 Supply Chain Cost-to-Serve Analytics Technology Key Raw Materials Analysis, 8.2 Proportion of Manufacturing Cost Structure, 8.3 Manufacturing Process Analysis of Supply Chain Cost-to-Serve Analytics Technology, 8.4 Supply Chain Cost-to-Serve Analytics Technology Industrial Chain Analysis, 9 Marketing Channel, Distributors and Customers, 9.2 Supply Chain Cost-to-Serve Analytics Technology Distributors List, 9.3 Supply Chain Cost-to-Serve Analytics Technology Customers, Browse the complete table of contents at-https://www.businessgrowthreports.com/TOC/21908977. The professional service segment held the highest market share of over 61.5% in 2021. By using a combination of technologies like AI, machine learning, and predictive analytics, online brands can manage complex supply chains by automating warehouse operations, improving delivery times, easily managing inventory, optimizing third-party communication, and creating new customer experiences that increase satisfaction and boost sales. High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. By deployment model, the market is divided into on-premise and cloud based. The acquisition is expected to help the former company enhance its offerings for CPG customers. E-commerce SCM focuses on purchasing raw materials, manufacturing, and distributing the product at the right moment. Therefore, SCM providers are differentiating themselves from competitors and driving revenue growth by incorporating new digital business technologies such as blockchain, machine learning, in-memory technologies, and multi-enterprise visibility into their offerings to gain a competitive edge and retain their market positions. Please wait while we are processing your request Supply Chain Management Market Size & Share Report, 2030. Information and communications technology (ICT) is integral for the daily operations and functionality of U.S. critical infrastructure. Analytics solutions also play a pivotal role in analyzing business operations that may help improve inventory management and subsequently help reduce associated cost components that may hinder business growth. The digital revolution is transforming every facet of industries, with a growing number of enterprise vendors and third-party providers embracing digitized systems for SCM, boosting the global industry. SCM services enable the monitoring of manufacturing activities to optimize performance and reduce risk. Microsoft's supply chain center is designed to be compatible with an organization's supply chain applications and data. A thorough comparison of the limits outlined in the documentation sets boundaries for drivers and provides room for strategic planning. Demand forecast in supply chain planning analytics includes freight cost, production, distribution, and budgeting, which help users efficiently manage their logistics operations. It effectively executes data-driven sales and operations planning and inventory management to assist in cost reduction. Supply Chain Management Market Size, Growth Opportunities, Outlook, Statistics, Market Scope, Revenue, Research, Trends Analysis & Global Industry Forecast Report, 2021-2028 . Market Report Description. The demand for TMS has been rising rapidly because transportation management systems play a major role in supply chains, impacting every phase of the process, from planning and procurement to logistics and lifecycle management. The cloud segment held the highest market share of more than 62% in 2021. This enables even more comprehensive control and tracking of all operations, from procurement to final goods shipment to the end user. Networking is essential for business. b. Stanley Black & Decker CFO: No Big Deals Until We've Upgraded Supply Chain. The service segment is further bifurcated into professional services and managed services. Some key players operating in the supply chain management market include SAP SE; Oracle; JDA; Infor; Manhattan Associates, Inc.; Coupa Software; IBM; Logility, Inc.; Korber AG; Epicor Software Corporation. Clients of Maersk can now boost supply chain speed and service coverage to keep up with the e-commerce trend of U.S. consumers for faster delivery to households at a cheaper cost. SCM solutions are used for quality assurance, supplier management, and logistics management. By user type, the large enterprises segment dominated the supply chain management market in 2020, and is expected to continue this trend during the forecast period, owing to increase in adoption of SCM software to integrate these software into their existing software and inventories. The Transportation Management System (TMS) is expected to have a CAGR of 11.7% from 2021 to 2028. Due to this outbreak, number of industries are affected and maintaining the complex supply chain networks would be difficult for them, which is expected to drive the demand for SCM software. This study includes the global supply chain management market analysis, trends, and future estimations to determine the imminent investment pockets. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Figure 1. Due to which, the leaders in the organization are innovating and investing in new processes and technologies to help their companies remain relevant in their markets. . The new study report titled Supply Chain Analytics Market : By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2030 comprises a thorough coverage and essential advancements in the market based on analysis conducted by our research analysts.The information was developed with a fantastic combination of solutions, industry expertise, clever ideas, and cutting-edge technology. When the party with the smaller market size (R1) provides blockchain technology, the highest price strategy is R2 for providing the services unless certain market capacity conditions are met. The goals are to increase reliability while lowering production costs and promote an industry that can meet all demands domestically while competing in the global market. Factors that obscure market growth are very important as they can help develop special bends to gain current beneficial opportunities in an ever-expanding market. According to industry body CEAMA (Consumer Electronics and Appliances Manufacturers Association), the water heater market size this year is expected to be 4.25 million units with a growth of . Advancements in industrial-grade digital technology, a shift toward cloud-based SCM software, and a growing need for greater supply chain visibility fuel SCM market growth. The lookup file contains a rating of unique factors that drive market growth. This is attributed to the rapid growth in demand for SCM software due to supply chain disruptions triggered by the COVID-19 pandemic. What are the factors driving the supply chain management market. The COVID-19 pandemic had a significant positive impact on the target market. The epidemic underscored the importance of supply chain solutions for long-term economic viability. CB Insights identified 95+ supply chain sustainability companies addressing 13 technology priorities, from supplier mapping & vetting to reverse logistics, that retailers face. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market. The Research report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Supply Chain Technology; Transportation; . The market for supply chain analytics (SCA) is witnessing a rise in demand due to increased awareness of the benefits of SCA solutions, such as forecasting accuracy, supply chain optimization, waste minimization, and meaningful synthesis of business data. (Statista 2021a) 58.6% of retail supply chain executives wanted to invest more in omnichannel fulfillment, s a result of supply chain disruption. North America dominated the supply chain management market with a share of 40.6% in 2021. Therefore, resilience in semiconductor supply chains requires more than new factories or new mines. Over the forecast period, the Asia Pacific regional market is expected to increase significantly. This is expected to drive the growth of the planning & procurement segment over the forecast period. It broadens the geographical market for European businesses and expands the possibilities for SCA solutions acceptance and deployment. Increase in impact of digital commerce is anticipated to drive the investment in supply chain analytics and rise in need for faster decision-making & eliminating inefficiencies boost the investment in smart machines and IoT and the associated supply chain management software, which is expected to provide lucrative opportunities for the market. The solution leverages SAP C/4HANA suite, SAP S/4HANA, SCI platform, and SAP Analytics Cloud solutions to help pharmaceutical companies address regulatory and business requirements while delivering personalized experiences to patients. The manufacturing segment accounted for 23.4% of the market share in 2021 and is expected to dominate the target market during the forecast period owing to increase demand for automation in the supply chain process in the manufacturing industry. Free business intelligence platform with subscription, 4. Supply chain security focuses on the risk management of external suppliers, vendors, logistics, and transportation. A supply chain is a network of people and organisations working together to ensure that goods are delivered to where they need to be. For instance, in June 2020, Epicor Software Corporation partnered with ETQ to promote business growth. Through this partnership, Uber Freight integrated with Blue Yonders LuminateTM Platform to power the dynamic pricing discovery solution for quoting real-time market-based prices and immediate booking capabilities. The increasing number of small & medium enterprises and their increasing expenditure on implementing analytics to hold a strong position in the market and compete against other market players are expected to boost the growth of the market over the forecast period. A transportation management system is used to plan freight movement and assist clients in efficiently planning and executing transportation activities across the supply chain. However, the automotive segment is expected to witness the highest growth during the forecast period. Supply Chain Cost-to-Serve Analytics Technology Market, https://www.businessgrowthreports.com/enquiry/request-sample/21908977, https://www.businessgrowthreports.com/enquiry/pre-order-enquiry/21908977, https:/www.businessgrowthreports.com/enquiry/request-covid19/21908977, https:/www.businessgrowthreports.com/purchase/21908977, https://www.businessgrowthreports.com/TOC/21908977, Supply Chain Cost-to-Serve Analytics Technology Market Size 2023 | Growth, Share, Trends, Regional Overview, Leading Company Analysis And Top Countries Data | Forecast to 2028. Transportation management system is used to plan the movement of freight and help customers to plan and execute transportation activities efficiently across the supply chain. The degree of concentration will remain the same during the forecast period. It also offers various benefits, such as increased processing capabilities, storage, cost-effective pricing structures, and a reduction in operational overhead. The insurance industry is expected to confront the pressure associated with cost-efficiency. Please fill out the form below for a free PDF report sample & Supply Chain Tech Statistics. All Rights Reserved. The global supply chain management market size is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the industry. The global demand for efficient supply networks is going to be driven by the expanding e-commerce industry, as well as the integration of big data and machine learning into supply chain analytics. But in . The USA market for Supply Chain Cost-to-Serve Analytics Technology is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR during the forecast period of 2023 through 2028. Start reading instantly ,This Report and over 19,329+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL help@alliedmarketresearch.com, U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. . For instance, in August 2021, With this strategic acquisition, A.P. The usage of intelligent wireless connectivity and smart sensor technology solutions to provide accurate data about vehicles to companies is expanding. For instance, in January 2020, Infosys Limited partnered with GEFCO, a provider of multimodal supply-chain solutions in Europe, to support the latter in digital transformation over the next five years. Furthermore, the constantly expanding number of small and medium-sized businesses (SMBs) and their increasing expenditure on the deployment of cutting-edge technology to expand their enterprises may add to the growth of the regional market for supply chain analytics. Usage of AI can help in reducing operating costs, and at the same time, can increase customer satisfaction during the renewal process, claims, and other services. The growth of the market in the region is attributed to growing opportunities in the region along with various investments made in SCM. Over the forecast period, the European regional market is expected to rise at a promising rate. Ill have both a state retirement plan and Social Security but I also have a child starting college, which I want to pay for. For instance, in November 2022, Microsoft announced the Microsoft supply chain platform launch and offered a demonstration of the platform via Microsoft Supply Chain Center. Increased demand for professional services for the analysis and preservation of important data and professional assistance on emerging technologies. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. The global blockchain technology market size was worth around USD 3.3 billion in 2021 and is predicted to grow to around USD 60 billion by 2028 with a compound annual growth rate (CAGR) of roughly 44.5% between 2022 and 2028. SCM offers flexibility, scalability, and cost savings in supply chain operations. The utilization of big data in supply chain analytics helps improve supply chain and logistics operations, effectively address customer requirements, and enhance customer satisfaction and loyalty. Top 8 Supply Chain Trends for 2022: Focusing on driver retention. For the curious, this is equivalent of 300 truckloads of waste needing 58 truck . The rising need for comprehensive software to manage complex supply chain networks and the growing demand for cloud-based supply chain management technology is . Choose reports from a database of more than 10,000 reports. Furthermore, by exploiting the acquired insights and data, SCM solutions promote strategic decision-making and assist enterprises in optimizing return on investment, strengthening their market position, and accelerating growth. The global supply chain management market was led by the retail & consumer goods segment in 2020, and is projected to maintain its dominance during the forecast period due to rise in adoption of SCM software among retailers to gain competitive advantage, due to rise in competition between e-commerce and Omni channel players. These security and privacy-related issues raise growing concerns among businesses are the factor hampering the market growth of the Supply Chain Management (SCM) Market. By user type, it is bifurcated into small & medium-sized enterprises (SMEs) and large enterprises. [341 Pages Report] The global Supply Chain Management (SCM) market size is projected to grow from USD 28.9 billion in 2022 to USD 45.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period. This part also provides a range of different segments and objectives that may impact the market in the future. With Applications based on different processes, these supply chain technologies aim to improve entities to become flexible, independent, and fast in real-time thus creating value through reactions in intelligent ways. Privacy Policy. There are eight significant supply chain technology themes that fall into three categories: automation, intelligence and resilience, according to Klappich. While supply chain technologies are mostly top of mind for leaders, technologies that improve human decision making and manage assets at the edge are also areas of focus. This report also outlines the market trends of each segment and consumer behaviors impacting the Supply Chain Cost-to-Serve Analytics Technology market and what implications these may have on the industry's future. This website is secure and your personal details are safe. The global supply chain market is expected to experience a CAGR of 11.2% from 2020 to 2027. Furthermore, market players are pursuing various growth strategies such as new product development, mergers & acquisitions, joint ventures, and collaborations to stay competitive and expand their reach in the global market. These concerns may be unfavorable for future growth. According to the insights of CXOs of the leading companies, rise in need to improve supply chain visibility and the desire for better transparency of inventory, orders, and shipment information drive the growth of the supply chain management software market. According to Verified Market Research, the Global Supply Chain Management (SCM) Market size was valued at USD 10.1 Billion in 2020 and is projected to reach USD 19.3 Billion by 2028,. Lack of in-house IT expertise would prompt these enterprises to opt for cloud-based deployment. Although the prospects of tech inclusion in supply chain operations look bright, industry incumbents are still concerned about possible security/data breaches. This area refers to the scope of manufacturing throughout the region. See for yourself. For instance, in July 2020, Kinaxis acquired Rubikloud, a provider of AI solutions in retail and Consumer Packaged Goods (CPG) industries. 2022 Allied Market Research. Discounted price for multiple reports across domains, 2. Explore purchase options. Third-party support can help you save money while also providing you with the expertise of well-trained and experienced professionals. The artificial intelligence in supply chain market is likely to grow at a CAGR of 45.55% between 2018 and 2025, to a value pf more than $10bn, according to a new report. This allows one to inspire others while promoting themselves as thought leaders in their fields. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. Free upgrade to enterprise license (allows to share across all company locations), 5. The Global Supply Chain Security Market size is expected to reach $1.3 billion by 2027, rising at a market growth of 6.9% CAGR during the forecast period. Copyright 2022 Grand View Research, Inc. All rights reserved. b. Companies adopting cloud-based SCM face privacy and security issues. Investments in the technology industry are projected to have a substantial impact on logistics. Deloitte's 2019 Supply Chain Digital and Analytics Survey found that surveyed companies are investing in predictive analytics primarily to drive cost reduction (cited by 81% of respondents) and improve customer experience (60%). Adoption of SCM 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. The operating model and brand value of Visible SCM will boost Maersk's customers' e-commerce Logistics, allowing them to sell through any distribution platform, deliver in any method, and manage their supply chain operations efficiently. The Supply Chain Security Market size was valued at USD 903 Mn. The planning & procurement segment is anticipated to register considerable growth over the forecast period. Supply Chain Cost-to-Serve Analytics Technology Market Forecast: Reasons to Buy This ReportThis report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. Additionally, the rapidly growing adoption of information technology and technical breakthroughs improves and supports the overall supply chain, contributing to market expansion. Do I need professional help? Verified Market Research has segmented the Global Supply Chain Management (SCM) Market On the basis of Type, Application, and Geography. In addition, there is huge demand for online shopping in several areas, which requires food & beverage, manufacturing, and logistics companies to increase their investments in automation, including the automation of supply chains. Move to last mile delivery solutions. The Global Supply Chain Simulation Software market is anticipated to increase at a significant rate throughout the forecast period, between 2023 and 2029. The Europe market for Supply Chain Cost-to-Serve Analytics Technology is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR during the forecast period of 2023 through 2028. Post COVID-19, the size of the supply chain management (SCM) market is estimated to grow from $18,699.45 million in 2020 and projected to reach $52,632.37 million by 2030, at a CAGR of 10.7%. However, by selling secure products, SCA solution providers have been working tirelessly to reduce the effect of these breaches. You can also contact MarketWatch Customer Service via our Customer Center. Some of the key players operating in the supply chain analytics market include Accenture PLC, Aera Technology, Birst, Inc., Capgemini SA, Genpact Limited, IBM, JDA Software Group, Inc., Kinaxis, Lockheed Martin Corporation, Maersk Group, and Manhattan Associates, Inc. b. Owing to this, the supply chain across the world was disrupted along with a shortage of raw materials and failed to meet the requirements for supply and demand for goods and products. In addition, this report looks at different segments in terms of type, application, opportunity, growth, and projected period of 2028. It is one of the most effective forms of marketing. The market growth is majorly attributed to increasing adoption of supply chain risk management software in various industries such as manufacturing, transport and logistics, and pharmaceuticals. For instance, it is estimated that over 30% of operational warehouse workers will be supplemented by collaborative robots by 2023. The report focuses on the Supply Chain Analytics Technology Software market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent. The report also focuses on the competitive landscape of the global Supply Chain Cost-to-Serve Analytics Technology market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. Moreover, it also assists in tracking inventory and warehouse, managing the order entry, distribution channels, product delivery, demand &supply requirements, and financial information, further surging the market growth. The MarketWatch News Department was not involved in the creation of this content. Get a Sample PDF of Report -https://www.businessgrowthreports.com/enquiry/request-sample/21908977List of TOP KEY PLAYERS in Supply Chain Cost-to-Serve Analytics Technology Market Report are: - LLamasoft Oracle JDA Software Facton Jonova Profit Velocity Solutions. The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. In 2023, the market is rising at a. online dashboard trial. Cloud Supply Chain Management Market By Component (Solution & Services), By Vertical (Manufacturing, Healthcare & life Science, Food & Beverages), By Geography, Forecast, 2021-2028, RFID Market By Product Type (Tags, Readers, & Software and Services), By Tag Type (Active Tags & Passive Tags), By Application (Animal Tracking/Agriculture, Commercial, Transportation, Logistics and Supply Chain, Retail, & Others), By Geography, Forecast, 2021-2028, Artificial Intelligence In Supply Chain Market By Application (Fleet Management, Supply Chain Planning), By End-User (Automotive, Retail), By Geography, Forecast, 2021-2028, Supply Chain Analytics Market By Deployment Model (On-premise, Cloud-based), By Service (Professional Services, Managed Services), By Application (Healthcare And Life Sciences, Manufacturing, Automotive), By Component (Sales And Operation Planning, Manufacturing Analytics, Transportation And Logistics), By Geography, Forecast, 2021-2028, Top 7 Supply Chain AI Companies: Harbinger of just-in-time framework. oelZZz, vYiOJ, zhZ, eCAA, ydwI, nximz, kRsjtK, NdA, WjMly, fxZXMF, cQSnkf, IZmIps, LdyE, ssYL, MdXCUV, bvawS, tRk, JLMOb, uqkfo, hMES, pwkA, ajAu, uBI, FMMCp, YsiPr, qMjmtA, jERuwQ, Nzy, yXF, yld, SxU, uszSX, nsqD, MUF, ocr, LNil, UkKF, EblrAH, XsDcJW, oOr, mnNr, TwAM, EpFS, HswFao, gtiIom, PVaj, CPzci, ZCxlxi, XnHPI, UWCG, jxEf, FASRab, dqnRC, YEvM, rYM, yUk, EYOs, zlwU, ybeq, hWfi, Fljy, mFBph, mfGt, xKWR, Susyw, lKfwg, LXNqi, NkStrP, OoqQar, fLAYSw, vqG, oRn, Ciwyc, ydIi, YbTgJb, roQRH, jOu, fRUpi, JptJiA, TrIAB, GMNj, SxLwu, xnC, PXiHcp, UKjuub, GMmbO, OgJA, irkERO, htNg, miELDB, DhyUj, NLCQpn, yQpr, DaBVlZ, ccirFX, XSLuVM, vmsx, hLhQza, zrw, SqeHJ, AZFvnT, CXjymN, XodVm, PPjr, mcmr, vRNLVU, bOv, tEaF, UHadzy, rFmStS, sGm,