This is attributed to significant rise in need for software in large businesses to assist in the collection of key business data such as inventory levels projected sales numbers supplier information and others from multiple and varied sources.
Supply chain software market size.
The global supply chain management software market size is poised to grow by usd 9 56 billion during the period 2020 2024 according to technavio.
The market is projected to have a reach a valuation of over 8 65 billion u s.
The supply chain as a service software market report is a collection of pragmatic information quantitative and qualitative estimation by industry experts the contribution from industry.
The statistic shows the size of the supply chain management scm software market worldwide from 2018 to 2023.
We ask the simple question.
Who s buying scm applications.
The global market for supply chain analytics categorized by component software service deployment model organization size industry vertical region.
Technavio has been monitoring the supply chain management software market and it is poised to grow by usd 9 56 bn during 2020 2024 progressing at a cagr of almost 11 during the forecast period.
Last year sap led the pack with a 16 market share while oracle was 2 followed by jda software verizon connect and infor.
Covid 19 impact on supply chain analytics industry.
The large enterprise segment dominated the supply chain management market in 2018 and is expected to continue this trend during the forecast period.