Published Date : Jun 28, 2018
Albany, New York, June 28, 2018: The global supply chain management market is forecast to report strong growth between 2018 and 2026. The rising uptake of on-premise deployment models and the increasing demand for efficient supply chain management solutions have created an environment conducive to the market’s growth. MarketResearchReports.biz has added a report, titled “Supply Chain Management Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” which studies in detail various factors impacting the market. It covers growth drivers and potential threats influencing the market’s trajectory besides segmenting it based on various parameters.
Because the global supply chain management solutions market is still at a nascent stage it witnesses impressive scope for expansion. As per the report, expansion of e-commerce industry have created incredible opportunities for the market’s growth. Various companies in the sector have implemented supply chain management solutions to gain competitive advantage. This in turn has facilitated growth in the global supply chain management solutions market. To capitalize on the prevailing trends, leading companies in the market are designing various strategies to cater to specific client requirements. For instance, an India based company called Vinculum Solutions delivers product specific solutions to retail industry. Most solutions they offer are designed to support unhindered delivery and last minute delivery to web stores such as Flipkart, Amazon, Lazada, eBay, and Snapdeal.
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The escalating complexities in online sales channel have impelled manufacturers to adopt efficient supply chain management solutions, which can be either in the form of software or services. Growing rate of adoption among companies has had a significant influence on the global supply chain management market. Furthermore, the advent of ecommerce is likely to boost the uptake of supply chain management solutions across the world.
For the purpose of the study, the global supply chain management solutions market is categorized based on various parameters such as deployment, enterprise size, industry, and region. In terms of industry, the food and beverages segment held lead in 2016. The rising need to under dynamic consumer preference and cater to their changing demand have impelled leading players in the sector to adopt supply chain management solutions. Besides this, the demand from automotive, transportation & logistics, and other industrial segments is likely to increase in the coming years.
Regionally, North America held a substantial share in the global supply chain management market in 2016. Other regions offering lucrative growth prospects are Europe, South America, Asia Pacific, and the Middle East and Africa. The report also profiles some of the most prominent companies in the global supply chain management market. These include Comarch, Aspen Technology, Inc., JDA Software Group, Inc., Infor, Inc., Plex Manufacturing Cloud, Oracle Corporation, SAP SE, IBM Corporation, Kinaxis, QAD, Inc., Sage, and Vanguard Software.
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