Global Supply Chain Management Software Market (2019 to 2028) - Rise in Digitization in Businesses Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Supply Chain Management Software Market 2019-2028" report has been added to ResearchAndMarkets.com's offering.

The global supply chain management software market is predicted to grow at a CAGR of 9.78% over the projected period 2019-2028.

The growing need for demand management systems is primarily driving the growth of the global supply chain management (SCM) software market. Also, there is an increased application of SCM software in the e-commerce industry for facilitating the smooth functioning of its complex processes. In addition, this software generates reliable data-driven insights, thereby providing better control over the supply chain.

The growing trend of digitization in businesses is likely to create new opportunities for the studied market. Besides, the growing adoption of cloud-based supply management software is also favoring global market growth. However, the high cost required tosetup supply chain management software is restraining the SCM software market growth. Also, there is a rise in the instances of cybersecurity attacks associated with cloud-based SCM software, which is expected tohinder the market growth in the forecast period.

The global market report covers the countries from North America, Europe, the Asia-Pacific, Latin America and the Middle East and Africa.

Asia-Pacific is likely to be the fastest-growing region for the supply chain management software in the forthcoming years. Rapid urbanization and the growing demand for software from different applications are primarily contributing to the growth of the regional market. With the increase in the adoption of internet-based technologies by different companies, there is a considerable increase in the penetration of cloud-based supply chain management software in the region. Besides, there is an increasing public awareness regardingthe advantages of using SCM software. This is likely to increase the adoption of this software in APAC over the coming period.

The major companies in the supply chain management software market are Infor, Epicor Software Corporation, Manhattan Associates, HighJump, The Descartes Systems Group Inc, Oracle, International Business Machines Corporation, Blue Yonder Group (JDA Software), SAP SE and Kinaxis.

HighJump is a company providing integrated solutions for warehouse, logistics and transportation ecosystems to build an efficient supply chain. The company utilizes advanced cloud technology to aid customers to uncover actionable insights and achieve greater efficiency. Also, it provides solutions that help in managing supply chains in an efficient manner. The company helps manage the inventory and information flow from supplier to direct delivery stores through manufacturing, distribution and EDI (Electronic Data Interchange) solutions.. It provides a wide product portfolio, including cloud WWS, warehouse management ERP integration, multi-violent operations and voice-directed warehouse.

Market Dynamics

Drivers

• Need for Demand Management System
• Growth in the E-Commerce Industry
• Software Provides Better Control Over the Supply Chain

Restraints

• High Cost of Setup

Opportunities

• Rise in Digitization in Businesses
• Growing Demand for Cloud Solutions

Challenges

• Possibility of Cyber Attack
• Need for Higher Bandwidth for Cloud Solutions

Companies Mentioned

• Highjump
• International Business Machines Corporation
• Kinaxis
• Oracle
• Manhattan Associates
• The Descartes Systems Group Inc
• Blue Yonder Group (Jda Software)
• SAP SE
• Infor
• Epicor Software Corporation

For more information about this report visit https://www.researchandmarkets.com/r/31i4xx