According to a new market report published by Transparency Market Research, the global supply chain management solutions (software and services) market
is expected to reach a value of US$ 32,908.2 Mn by 2026 on account of
exponential growth in supply chain management solutions (software and
services) modules. The market is projected to expand at a CAGR of 11.2%
during the forecast period from 2018 to 2026.
The expansion is attributed to rising
demand for advanced supply chain management solutions (software and
services) in industries and increasing adoption of on-premise deployment
models to offer the finest services to the clients. In the supply chain
management solutions (software and services) market, North America is
anticipated to be a rapidly expanding region, followed by Asia Pacific,
Europe, Middle East & Africa, and South America during the forecast
period. Further, the supply chain management solutions (software and
services) market is at an emerging stage and is anticipated to expand
rapidly during the coming years.
Exponential Expansion in E-Commerce Industry is driving the Global Supply Chain Management Solutions (Software and Services) Market
Expansion in the e-commerce industry
along with rapid delivery of goods in order to gain competitive
advantage have led to high demand for supply chain management solutions
(software and services) systems. This, in turn, offers opportunities for
key vendors to develop solutions focusing on the retail or e-commerce
industries. For instance, Vinculum Solutions, an India based company,
focuses on delivering solutions (Vin e-Retail WMS) and products specific
to the retail industry.
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The company’s solutions support easy
order delivery; last mile delivery; and integration with manufacturers,
logistics companies, and web stores such as Amazon, Flipkart, eBay,
Lazada, and Snapdeal. Online sales channels are becoming more complex
and are encouraging manufacturing businesses to adopt supply chain
management solutions (software and services) software. This is expected
to propel the supply chain management solutions (software and services)
market in the coming years. Emergence of e-commerce has led to rise in
adoption of supply chain management solutions (software and services)
solutions. The e-commerce industry is offering new opportunities to
companies such as FedEx in the area of logistics.
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