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

The Inner Circle acknowledges, Connie L. Doyle as a Pinnacle Professional Member Inner Circle of Excellence

Published

on

By

KRUM, Texas, May 19, 2025 /PRNewswire/ — Prominently featured in The Inner Circle, Connie L. Doyle is acknowledged as a Pinnacle Professional Member Inner Circle of Excellence for her contributions to Software Engineering and Technology Development.

Connie L. Doyle has established a distinguished career in software engineering, currently serving as the Senior Director of Software Engineering at Sagent M&C LLC since 2023. In this role, she oversees software development and process management, ensuring that updates and optimizations are implemented efficiently to maintain seamless functionality. Her leadership and expertise have positioned her as an integral part of the company’s success, marking the pinnacle of her career thus far.

Ms. Doyle’s academic foundation in data processing was established at Kentucky Technical College, where she earned her Associate of Arts degree. Over the course of her almost four-decade career, she has gained extensive experience in software development and business processes through a variety of roles, including 17+ years at Mr. Cooper, where she honed her technical and managerial skills. Her tenure in both consulting and manufacturing industries has provided her with a well-rounded perspective on technology leadership.

Her dedication and contributions have not gone unnoticed. Ms. Doyle has been honored with several prestigious accolades, including the President’s Award from Information Alternatives in 1997. Additionally, she was recognized with the “Breakfast with Jay” honor from a senior colleague, further highlighting her impact within the organization.

Looking ahead, Ms. Doyle is committed to strengthening software engineering teams, fostering a culture of growth and collaboration, and advancing cutting-edge software solutions to enhance operational excellence. Through her leadership, she continues to drive innovation in the field of software engineering, ensuring long-term success in an ever-evolving industry.

Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-inner-circle-acknowledges-connie-l-doyle-as-a-pinnacle-professional-member-inner-circle-of-excellence-302459254.html

SOURCE The Inner Circle

Continue Reading

Technology

Portage Point Partners Bolsters Turnaround & Restructuring Services with Addition of Olivier Blechner

Published

on

By

CHICAGO, May 19, 2025 /PRNewswire/ — Portage Point Partners, LLC (Portage Point), a blue chip advisory, consulting, interim management and financial services firm focused on the middle market, welcomes Olivier Blechner as a Managing Director in the Turnaround & Restructuring Services (TRS) practice.

Olivier brings more than two decades of experience in turnarounds, restructurings, distressed debt and operational leadership. His expertise combines a background as both a transformative operator and a major distressed debt investor. Throughout his career, Olivier has played a key role in numerous high-profile restructurings, serving on creditor committees and contributing to strategic decision-making in complex situations. He was also instrumental in scaling a company from a five-person startup to a publicly traded enterprise with $280 million in run-rate revenue and 1,200 employees. In addition, Olivier has held senior leadership roles, including Chief Restructuring Officer (CRO), acting CEO, Chairman and Liquidation Agent in a receivership and Chief Investment Officer specializing in global distressed investments.

“Our TRS practice continues to experience significant growth, and we are pleased to welcome Olivier to the platform,” said Tom Studebaker, Managing Director and Co-Head of TRS at Portage Point. “His highly engaged, hands-on approach – shaped by a unique blend of restructuring and operational experience – will be an invaluable asset to both our practice and the broader firm.”

“I am thrilled to join Portage Point and contribute to the continued growth of such a dynamic firm,” said Olivier. “I look forward to leveraging my extensive experience in capital markets, restructuring and operations while collaborating with colleagues across TRS, Performance Improvement, Office of the CFO, and Interim Management Practices to deliver best-in-class capabilities and solutions to the middle market.”

“Throughout his career, Olivier has operated at the intersection of financial strategy and operational execution, tackling complex challenges and contributing to high-impact strategic decisions,” said Matthew Ray, Founder and Chief Executive Officer of Portage Point. “His approach aligns seamlessly with our operationally oriented and financially grounded team, positioning him to deliver meaningful positive client outcomes across the business lifecycle.”

Prior to Portage Point, Olivier was the Managing Member of Turicum Capital, where he led operational and financial restructurings. Previously, Olivier served in leadership roles at One East Capital, Polygon Global Partners, Alden Global Capital, TPG Credit Management and Sandell Asset Management. He began his career in investment banking at DLJ / Credit Suisse and Houlihan Lokey.

About Portage Point Partners
Portage Point Partners is a business advisory, interim management and investment banking firm intensely focused on the middle market. Our blue chip team leverages bulge bracket experience in consulting, operations, finance, accounting, investment banking and investing to provide unmatched transactional, operational and financial perspectives to middle market stakeholders. The Portage Point cross-functional platform is uniquely architected to offer fully integrated capabilities and solutions that identify value capture, mitigate risk and positively impact outcomes at every stage of the ever-changing middle market business lifecycle. From ideation to monetization, Portage Point delivers excellence across transaction advisory services, transaction execution services, office of the CFO, performance improvement, interim management, investment banking, operational turnaround and financial restructuring. Learn how Portage Point can positively impact your business www.portagepointpartners.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/portage-point-partners-bolsters-turnaround–restructuring-services-with-addition-of-olivier-blechner-302459425.html

SOURCE Portage Point Partners

Continue Reading

Technology

Safran Federal Systems Unveils HyperReveal AI Platform at GEOINT 2025

Published

on

By

ARLINGTON, Virginia, May 19, 2025 /PRNewswire/ — Safran Federal Systems, a leading provider of Assured Position, Navigation, and Timing (PNT) solutions, today announced the launch of its new U.S.-based geospatial artificial intelligence platform, HyperReveal, at the 2025 GEOINT Symposium.

HyperReveal marks the expansion of Safran’s proven global geospatial analytics capabilities into the U.S. market via its U.S. business, Safran Federal Systems, which is authorized to work on the full spectrum of U.S. Government classified and unclassified projects. The platform delivers mission-driven AI for automated exploitation of high-resolution imagery, full-motion video, electromagnetic, and acoustic signals.

HyperReveal uses advanced, sensor-agnostic algorithms to detect and identify objects, activities, and patterns of interest across commercial and government data sources. The platform is purpose-built to provide timely, actionable geospatial intelligence for U.S. defense and national security operations—enabling faster, more informed decision-making in complex and contested environments. The underlying technology has been in development for over 9 years and is already deployed and being used in several active military and government intelligence operations around the world.

“Our mission is to transform the speed and precision of decision-making across the commercial, defense, and intelligence communities,” said Lee Rizzo, Executive Vice President of Geospatial AI Capabilities. “HyperReveal delivers persistent monitoring, rapid object recognition, change detection, and pattern-of-life analysis—all essential capabilities in today’s dynamic operational landscape. From tactical ISR missions to strategic threat assessments, we enable decision dominance by turning massive volumes of data into near real-time, mission- ready intelligence. With HyperReveal AI, we’re expanding our ability to support U.S. government agencies with cutting-edge, scalable geospatial solutions.”

For more information, visit us at GEOINT in Booth #2321 or safranfederalsystems.com/artificial-intelligence.

Safran Federal Systems is a trusted DoD mission partner providing cross-cutting Position, Navigation and Timing (PNT) solutions from the lab to the field. We leverage our industry leadership in Timing, Navigation, Simulation and NAVWAR to offer a unique blend of cost-effective A-PNT solutions bred through innovation. Our expertise in open systems architecture enables rapid delivery of emerging technologies to the warfighter across all domains.

Your Assured PNT Mission Partner, from the Lab to the Field. ™

Safran Federal Systems is a proxy-regulated Safran Defense & Space, Inc. company.

For more information: www.safranfederalsystems.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/safran-federal-systems-unveils-hyperreveal-ai-platform-at-geoint-2025-302459430.html

SOURCE Safran Defense & Space, Inc.

Continue Reading

Trending