Market Overview

Global SCM Software Market 2018-2022 to Post a CAGR of 10% Over the Next Five Years| Technavio

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The global SCM software market is expected to post a CAGR of close to
10% during the period 2018-2022, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the global SCM software market from 2018-202 ...

Technavio has published a new market research report on the global SCM software market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is improved traceability,
visibility, and productivity of supply chain. SCM is used to maintain
inventory levels to address future customer demand. The use of SCM
maximizes productivity, standardizes procurement, and minimizes stock
keeping. Companies that have multiple production facilities face
challenges when coordinating between various procurement and stock
keeping departments if they do not use SCM software solutions. Moreover,
SCM software solutions not only improve the visibility of
cross-functional departments for organizations, but also identify the
freight cost of the supply chain to track and make appropriate changes
to reduce the cost of transportation. Thus, these factors are expected
to drive the growth of the global SCM software market, during the
forecast period.

This market research report on the global
SCM software market 2018-2022
also provides an analysis of the
most important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the availability of SCVEM as one of
the key emerging trends in the global SCM software market:

Global SCM software market: Availability of
SCVEM

Supply chain visibility and event management (SCVEM) is an integral part
of SCM software solutions. It allows companies to manage events in
different departments and other supply chain partners. It is an
integrated system that helps companies define important aspects of the
entire supply chain. It allows the management team to make important
decisions about business strategies to adopt cost-effective measures and
improve operational efficiency. All users across the supply chain are
informed about their activities by the software. Moreover, the SCVEM
module of the SCM software solutions control, measure, stimulate,
notify, and monitor all business processes that are in accordance with
supply chain activity, resulting in efficiency and boosting the growth
of the market.

"SCM software solutions enable the sharing of real-time information
between the various stakeholders in a supply chain system. Detailed data
related to operating costs and inventory are made available through
effective use of SCM software solutions, boosting the growth of the
overall industry,"
says a senior analyst at Technavio for research
on enterprise application.

Global SCM software market: Segmentation
analysis

This market research report segments the global SCM software market by
application (SCP, procurement, WMS, and TMS) and geographical regions
(APAC, EMEA, and the Americas).

The SCP segment led the market in 2017 with a market share of close to
39%, followed by procurement, WMS, and TMS segments, respectively.
However, during the forecast period the TMS segment is predicted to show
the highest incremental growth followed by the WMS segment.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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