Supply chain management market Growing demand for SCM from multiple industry verticals is expected to drive market expansion in the near future at a CAGR of 11.20% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Supply Chain Management Market”.

The supply chain management market is estimated to register a CAGR of 11.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the Supply Chain Management market— IBM Corporation, Oracle Corporation, SAP SE, Manhattan Associates, Descartes Systems Group Inc., Kinaxis, E2open, LLC.

Market Highlights

The Supply Chain Management Market is accounted to register a CAGR of 11.20%during the forecast period and is estimated to reach USD 72.2 billion by 2032.

The supply chain management market is driven by the increasing complexity of global supply chains, necessitating advanced technology solutions for optimization and efficiency. Opportunities arise from the growing adoption of cloud-based platforms and the integration of emerging technologies like AI and IoT. However, challenges include data security risks, interoperability issues, and resistance to change from traditional systems, hindering seamless implementation and adoption across industries.

Segment Analysis

The Supply Chain Management market has been segmented into component, solution type, deployment mode, enterprise size, and industry vertical.

On the basis of Component, the market is segmented into Solution, Service. The solution segment was attributed to holding the largest market share in 2022. The main element is Solutions, which encompass a variety of software and technology solutions aimed at enhancing and simplifying different parts of supply chain operations, like inventory management, demand forecasting, and logistics.

Based on Solution Type, the Supply Chain Management market has been segmented into Transportation management system, Warehouse management system, Supply chain planning, Procurement and sourcing, manufacturing execution system. The warehouse management system segment was expected to hold the largest market share in 2022. The primary solution type that stands out is the Warehouse Management System. WMS is essential for enhancing warehouse operations by overseeing inventory, fulfilling orders, and managing logistics effectively. The growing emphasis on streamlining warehouse procedures and the requirement for up-to-date visibility in inventory positions positions WMS as a leading solution, aiding companies in enhancing their supply chain effectiveness and satisfying customers.

Based on Deployment Mode, the Supply Chain Management market has been segmented into On-premise, On-Demand/Cloud-Based. The On-Demand/Cloud-Based segment was expected to hold the largest market share in 2022. The dominating deployment mode is On-Demand/Cloud-Based solutions. Cloud-based deployment offers scalability, flexibility, and cost-effectiveness, making it a preferred choice for businesses.

Based on Enterprise Size, the Supply Chain Management market has been segmented into Large Enterprise, SMEs. The large enterprise segment was expected to hold the largest market share in 2022. Big companies control the field because of their large and complicated supply chain operations. They usually handle a greater number of products, diverse global activities, and complex logistics networks.

Based on Industry Vertical, the Supply Chain Management market has been segmented into Retail and consumer goods, Healthcare and pharmaceuticals, Manufacturing, Food and beverages, Transportation and logistics, Automotive, Others. The retail and consumer goods segment was expected to hold the largest market share in 2022. The Retail and Consumer Goods sector is prominent because of its complex supply chain systems and the requirement for immediate visibility to fulfill consumer needs.

Regional Analysis

The Supply Chain Management market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe supply chain management market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The supply chain management market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World supply chain management market comprises of Middle East, Africa, and Latin America.

The largest market share for supply chain management was maintained by the North American regional sector.This increase is attributed to highly developed economy with a robust manufacturing and logistics infrastructure. Secondly, many leading supply chain management solution providers are headquartered in North America, contributing to the region's dominance in the market. Additionally, there is a strong emphasis on innovation and technology adoption in supply chain operations in North America, driving the implementation of advanced supply chain management systems and strategies.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for supply chain management is driven by strong focus on efficiency, sustainability, and compliance within European supply chains, driving the adoption of advanced supply chain management technologies and practices. Moreover, government initiatives aimed at enhancing trade facilitation and logistics infrastructure further contribute to the growth of the supply chain management market in Europe.

Additionally, Asia Pacific is poised to experience rapid growth in the supply chain management market due to several factors. Firstly, the region is witnessing significant economic growth, accompanied by industrialization and urbanization, leading to an expansion of manufacturing and distribution networks. This growth necessitates efficient supply chain management practices to streamline operations and meet increasing demand.

Furthermore, the rest of the world's supply chain management market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the growing recognition of the importance of efficient supply chain management practices, particularly in emerging economies, factors such as limited technological adoption, fragmented logistics networks, and regulatory challenges pose significant barriers to market growth. Additionally, the diversity of languages, cultures, and business practices in these regions adds complexity to supply chain operations, requiring tailored solutions to address local market dynamics and challenges.

Key Findings of the Study

• The Supply Chain Management market is expected to reach USD 72.2 billion by 2032, at a CAGR of 11.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the region is witnessing significant economic growth, accompanied by industrialization and urbanization.


• Based on solution type, the warehouse management system segment was attributed to holding the largest market in 2022, with an approximate market share of 40–65%.


• IBM Corporation, Oracle Corporation, SAP SE, Manhattan Associates, Descartes Systems Group Inc., Kinaxis, E2open, LLC are the key market players.