Connect with us

Technology

Supply Chain Management (SCM) Software Market size is set to grow by USD 17.98 billion from 2024-2028, Emergence of supply chain visibility and event management boost the market, Technavio

Published

on

NEW YORK, June 14, 2024 /PRNewswire/ — The global supply chain management (SCM) software market size is estimated to grow by USD 17.98 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 12.35% during the forecast period. Emergence of supply chain visibility and event management is driving market growth, with a trend towards growing demand for fleet management in logistics service industry. However, high initial cost and availability of open-source software poses a challenge. Key market players include 3M Co., American Software Inc., Coupa Software Inc., Cybozu Inc., Descartes Systems Group Inc., E2open Parent Holdings Inc., Epicor Software Corp., Infor Inc., International Business Machines Corp., Kinaxis Inc., Magaya Corp., Manhattan Associates Inc., Microsoft Corp., Oracle Corp., Panasonic Holdings Corp., SAP SE, Solvoyo, Sonata Software Ltd., StockIQ Technologies Inc., and Webgility Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Supply Chain Management (SCM) Software Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.35%

Market growth 2024-2028

USD 17984.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

11.12

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 35%

Key countries

US, China, Germany, UK, and Japan

Key companies profiled

3M Co., American Software Inc., Coupa Software Inc., Cybozu Inc., Descartes Systems Group Inc., E2open Parent Holdings Inc., Epicor Software Corp., Infor Inc., International Business Machines Corp., Kinaxis Inc., Magaya Corp., Manhattan Associates Inc., Microsoft Corp., Oracle Corp., Panasonic Holdings Corp., SAP SE, Solvoyo, Sonata Software Ltd., StockIQ Technologies Inc., and Webgility Inc.

 

Market Driver

SCM software plays a crucial role in logistics services, facilitating processes for transportation management, fleet management, order fulfillment, network design, and inventory control. Fleet management, a significant component of SCM systems, optimizes vehicle usage, minimizes fuel costs, reduces operating expenses, enhances productivity, and ensures driver safety.

Integrating SCM software with fleet management systems enables data recording and analysis, leading to global adoption by logistics services. Notable adopters include Lidl UK and Associated Wholesale Grocers, who selected ORBCOMM for fleet management solutions. The increasing demand for fleet management is projected to boost SCM software market growth. 

The Supply Chain Management (SCM) software market is experiencing significant growth, driven by the increasing need for efficient and effective supply chain operations. Cloud-based SCM solutions are trending, providing companies with the flexibility to access real-time data and collaborate with suppliers and customers from anywhere.

The use of artificial intelligence and machine learning in SCM software is also on the rise, enabling predictive analytics and automation of manual processes. Additionally, the demand for integrated SCM systems that connect all aspects of the supply chain, from sourcing to logistics to inventory management, is increasing. These solutions help companies streamline their operations, reduce costs, and improve customer satisfaction. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global SCM software market faces rising costs due to licensing, installation, maintenance, hardware, customization, and training expenses. Challenges include implementing transportation monitoring systems, such as TMS and WMS, which require significant investments in IT infrastructure and data-capturing devices. Open-source solutions like Odoo, OpenBoxes, xTuple, OpenLMIS, and Sellsy offer cost savings but lack advanced features, limiting their use to smaller companies. Market growth may be restricted due to these factors.Supply Chain Management (SCM) software is essential for businesses to manage their inventory, production, and logistics efficiently. However, implementing SCM software comes with challenges. One significant challenge is ensuring compatibility with existing systems and processes. Another issue is integrating data from various sources and ensuring data accuracy.Additionally, training employees to use the software effectively can be time-consuming and costly. Furthermore, securing the software against cyber threats is a constant concern. Lastly, keeping up with the latest technology trends and upgrading the software regularly can be a challenge for small and medium-sized businesses. Despite these challenges, the benefits of SCM software, such as improved efficiency, reduced costs, and increased customer satisfaction, make it a worthwhile investment for businesses.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Application 1.1 SCP1.2 Procurement1.3 WMS1.4 TMSDeployment 2.1 On-premise2.2 Cloud-basedGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 SCP- The Supply Chain Management (SCM) software market is witnessing significant growth as companies worldwide adopt integrated business management processes, such as Sales and Operations Planning (S&OP), to synchronize functions and manage sales data and demand forecasting. Notable vendors offering SCP solutions include SAP SE, Infor Inc., JDA Software, and Manhattan Associates Inc. Hong Kong Aircraft Engineering and Heineken NV are among the end-users implementing these solutions to enhance operational efficiency and effectively manage sales and demand planning.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Supply Chain Management (SCM) software market is experiencing significant growth due to the increasing demand for transparency and operational agility in retail and e-commerce industries. SCM products are essential for implementing effective supply chain strategies, which include lean inventory, just-in-time replenishment, and demand management solutions.

Industrial-grade digital technology, such as AI and machine learning, plays a crucial role in data analysis and supply chain visibility. Robotic process automation streamlines purchasing and supply chain transactions, while warehousing and logistics ensure time-to-market efficiency. Cloud-based SCM solutions offer access to real-time supply chain data, enhancing supplier relationships and improving overall supply chain performance.

Market Research Overview

The Supply Chain Management (SCM) software market encompasses solutions designed to optimize and manage the flow of goods and services, from raw materials to end customers. These systems enable businesses to streamline operations, improve efficiency, and reduce costs.

Key features of SCM software include demand planning, inventory management, order management, transportation management, and supply chain visibility. The market is driven by the increasing complexity of global supply chains, the need for real-time visibility, and the growing adoption of cloud-based solutions. Additionally, the integration of artificial intelligence and machine learning technologies is revolutionizing SCM, enabling predictive analytics and automated decision-making.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationSCPProcurementWMSTMSDeploymentOn-premiseCloud-basedGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/supply-chain-management-scm-software-market-size-is-set-to-grow-by-usd-17-98-billion-from-2024-2028–emergence-of-supply-chain-visibility-and-event-management-boost-the-market-technavio-302172463.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Guidehouse Adds Two Leaders to Growing Health Segment

Published

on

By

Mark Korth and Angela Hunt, RN, join as partners to help healthcare organizations advance clinical and operational performance

MCLEAN, Va., Nov. 18, 2024 /PRNewswire/ — Guidehouse, a global consultancy providing advisory, digital, and managed services to the commercial and public sectors, has added two partners, Mark Korth and Angela Hunt, RN, to the firm’s Health segment.

A former health system C-suite executive, Korth will support providers with optimizing large-scale mergers and integrations, transformations, and operating model implementation. Hunt will assist providers with improving quality, clinical documentation and coding, payer contracting, and operating performance.

“We are thrilled to welcome Angela and Mark to Guidehouse,” said Tim Kinney, Guidehouse partner and Payer/Provider practice leader. “Their deep expertise and proven leadership in the healthcare industry will enhance our ability to provide innovative, patient-centered solutions that address our clients’ most pressing challenges. Angela’s and Mark’s unique perspectives will be invaluable as we continue to help healthcare leaders meaningfully serve their communities.”

Korth joins Guidehouse following a more than 25-year career leading large health systems, hospitals, and medical groups. A strategic executive with a proven ability to guide mergers, partnerships, and systemwide transformations, he has consistently advanced initiatives that improved population health and delivered sustainable margins. Korth’s experience spans large for-profit and nonprofit hospitals and health systems, having served as CEO, regional president, system chief transformation officer, and chief operating officer. 

With close to 30 years of strategic experience, Hunt brings a proven track record of leading teams through complex projects that have helped health systems and physician enterprises improve clinical and operational outcomes. Her proficiency spans data analytics, change management, clinical data management, strategic communication, and detailed outcomes improvement. This includes working with IT departments to develop analytics to better focus clinical integrity teams through benchmark opportunities in high volume MS-DRGs.

With 19 Best in KLAS® awards, Guidehouse’s Health segment serves providers, government agencies, life sciences companies, payers, and other healthcare organizations. Backed by proven success in modernizing and innovating healthcare services, finances, and operations, the firm delivers a comprehensive approach to solving interrelated industry challenges.

About Guidehouse
Guidehouse is a global consultancy providing advisory, digital, and managed services to the commercial and public sectors. Guidehouse is purpose-built to serve the national security, financial services, healthcare, energy, and infrastructure industries. Disrupting legacy consulting delivery models with its agility, capabilities, and scale, the firm delivers technology-enabled and focused solutions that position clients for innovation, resilience, and growth. With high-quality standards and a relentless pursuit of client success, Guidehouse’s more than 17,000 employees collaborate with leaders to outwit complexity and achieve transformational changes that meaningfully shape the future. guidehouse.com

Media Contact:
Guidehouse
Cecile Fradkin cfradkin@scprgroup.com  

View original content to download multimedia:https://www.prnewswire.com/news-releases/guidehouse-adds-two-leaders-to-growing-health-segment-302307957.html

SOURCE Guidehouse

Continue Reading

Technology

Northern Virginia: The Hidden Giant of U.S. Tech? NVTC Study Reveals World Class Talent, Investments in AI, Cybersecurity, and Cloud

Published

on

By

Survey of 82 Northern Virginia Companies Underscores Region’s Tech Opportunity and How it Is Poised for Continued Growth

MCLEAN, Va, Nov. 18, 2024 /PRNewswire-PRWeb/ — The Northern Virginia Technology Council (NVTC) today announced the findings of a groundbreaking study of top technology executives in Northern Virginia. The findings highlight the region’s position as one of the nation’s leading technology hubs, while exploring the opportunities and challenges that will shape the region’s future growth and innovation.

The study is based on a survey of 82 top technology organizations in the Northern Virginia (NOVA) region, as well as in-depth interviews with 30+ senior executives, and evaluates the region across five key dimensions: Talent, Innovation, Ecosystem, Business Attractiveness, and Proximity to the U.S. Federal Government.

Northern Virginia is finally getting the recognition it deserves as a technology powerhouse,” said NVTC President and CEO, Jennifer Taylor. “We have the second highest tech employment of any U.S. metro area with 11.2% of the workforce, we are the largest data center market in the world with over two-times total inventory of the next largest market, and we have 2.5 times more computer science graduates than peer-tech hubs like New York, San Francisco, and Seattle. The growth opportunity in this region is clear.”

What the study found:

Talent Access, Skills Gaps: 73% of employers consider access to talent a key advantage, with 55% ranking it as the top factor defining a leading tech hub. Tech leaders noted challenging skills gaps in AI/ML (62%), Cybersecurity (43%), and Software Development (39%). The Northern Virgina region boasts the nation’s second highest net tech employment by metro area – only behind New York City — with 376K tech industry and tech occupation workers, providing a rich and diverse talent pool. In net tech employment, the region is slightly ahead of tech hubs including San Francisco, San Jose, Los Angeles, and Dallas.

Innovation Focus: GenAI, cybersecurity, and cloud computing are the top three emerging technologies that organizations are investing in for NOVA-specific operations over the next 2-3 years. 89% of NOVA tech leaders are investing in Generative AI, 83% in Cybersecurity and Digital Identity, and 61% in Cloud and Edge Computing. Early-stage tech like Space and Quantum are in the early stages of tech adoption.

Ecosystem: NOVA excels in developing growth-stage companies, ranking #1 in the number of firms that scaled up (>50 employees within 10 years) and #1 in the density of high-growth companies (>$2M revenue per 1K firms), compared to peers. Northern Virginia excels at scaling growth-stage companies, and recent surges in VC funding, start-ups, and five-year survival rates highlight its potential. However, one in three tech leaders still cite investment capital and entrepreneurial ecosystem as barriers. Leaders say more support is needed, including tech accelerators and incubators.

Business Attraction: Tech organizations are committed to Northern Virginia – 77% of surveyed organizations plan to stay in NOVA, with 29% considering expanding within the region in the next three years. NOVA boasts the nation’s largest data center market (~5x capacity of Silicon Valley). Still, executives say the high cost of living and transportation issues make it harder to attract and retain key talent.

Federal Government: Tech firms value Northern Virginia’s unique access to the federal government, prompting many major technology companies to have large offices in the region to be close to the federal government to bring IT solutions that address their mission challenges. In fact, companies in Northern Virginia received 31% of federal government’s IT contracting spend in 2023, totaling $24B. However, start-ups and niche firms face high barriers to entry due to contract procurement hurdles.

“This research confirms what many of us have long known – Northern Virginia is a powerhouse in the tech industry,” said Bruce Caswell, chair of the NVTC Board and CEO, Maximus. “Our unique combination of world-class talent, proximity to the federal government, and our focus on cutting-edge technologies like AI and cybersecurity positions us for continued growth and innovation. As we look to the future, NVTC is committed to addressing the challenges identified in this study and further strengthening our region’s tech ecosystem.”

The study, in line with NVTC’s mission, is intended to foster collaboration across the region to address challenges and drive future innovation. As Jennifer Taylor commented, “We see this as the start of an important conversation about the region and the path forward to address the challenges. We are enthusiastic about working with stakeholders across Northern Virginia – including both private sector leaders, university leaders and our public officials – to put these insights into strategic action.

Read the Study & Watch the Webinar

The full study, which provides a comprehensive analysis of Northern Virginia’s technology ecosystem, is available for download at: https://www.nvtc.org/communities/2024-northern-virginia-tech-innovation-study/

An NVTC webinar on Tuesday, November 19, 2024 will review the study findings with a panel of local technology leaders from Amazon Web Services, GDIT, Maximus and ScienceLogic. Register to join the live webinar at: https://www.nvtc.org/event/hidden-in-plain-sight-northern-virginias-rise-as-a-us-tech-giant/

Contact:
Tarin Horan
Northern Virginia Technology Council (NVTC)
thoran@nvtc.org
703.946.0319

About the Northern Virginia Technology Council:
NVTC is where the region’s tech community comes together. From bold startups to Fortune 100 giants, we represent over 470 members across sectors shaping the future of technology. NVTC drives innovation, fosters connections, and advocates for policies that fuel growth and position Northern Virginia as a global leader in technology. Through its initiatives in cybersecurity, AI, cloud computing, and beyond, NVTC empowers the tech community to shape the future. Whether it’s through policy advocacy, peer networks, or industry promotion, NVTC drives innovation that’s transforming the world. Learn more at http://www.nvtc.org

Media Contact

Tarin Horan, NVTC, 7039460319, thoran@nvtc.org, www.nvtc.org

View original content to download multimedia:https://www.prweb.com/releases/northern-virginia-the-hidden-giant-of-us-tech-nvtc-study-reveals-world-class-talent-investments-in-ai-cybersecurity-and-cloud-302308165.html

SOURCE NVTC; NVTC

Continue Reading

Technology

Record-Breaking Pledge to USD Will Transform University’s STEM Programs

Published

on

By

SAN DIEGO, Nov. 18, 2024 /PRNewswire/ — The University of San Diego (USD) received a record-breaking pledge from Darlene Marcos Shiley, philanthropist and Chair Emerita of USD’s Board of Trustees, totaling $75 million. It’s the largest gift in university history and among the largest ever given to any Catholic university in the country. The gift will touch several different areas of USD’s campus, with a primary emphasis on creating what will be known as the ‘Shiley STEM Initiative‘, expanding innovative STEM (science, technology, engineering and math) programs, and funding new, state-of-the-art STEM facilities on USD’s campus.

Darlene Shiley is one of the most generous and kind individuals that anyone could ever meet. She’s always looking out for humanity and the best interests of our society, and she loves our students,” said USD President James T. Harris III, DEd. “We are a better institution because of Darlene Shiley and her late husband, Donald, and what they’ve decided to do for this institution and for this world.”

The Shiley-Marcos School of Engineering and College of Arts and Sciences embody USD’s mission to shape well-rounded leaders with a liberal arts education. Both schools boast impressive alumni in STEM, including two NASA astronauts. This gift will build upon USD’s commitment to STEM, meet the needs of growing biotechnology and scientific sectors in San Diego, and help train future STEM leaders and researchers.

“STEM fields touch all different aspects of our lives, and I believe they can be a force for good in our society,” Shiley said. “I was drawn to USD because of its emphasis on a values-based education. This gift fulfills my husband’s and my goals and makes me feel like I’ve made an impact. Now I hope it helps future students take what they learn at USD and make a positive impact of their own.”

Shiley’s gift comes at a key time for USD, where the number of students majoring in STEM disciplines has grown by 50 percent in the past decade. This gift will help expand USD’s STEM offerings by establishing a new integrated STEM space that connects engineering and the natural sciences, as well as expanded opportunities for undergraduate students to participate in research.

The pledge will also be directed to scholarships and programs benefiting veterans and military-connected students, as well as additional funding for USD’s top-ranked MFA in acting, The Old Globe and USD Shiley Graduate Theatre Program.

View original content to download multimedia:https://www.prnewswire.com/news-releases/record-breaking-pledge-to-usd-will-transform-universitys-stem-programs-302307922.html

SOURCE University of San Diego

Continue Reading

Trending