The Asia Pacific Supply Chain Management Market would witness market growth of 12.1% CAGR during the forecast period (2021-2027).
The management of the whole production process of any good or service, beginning from the purchase of raw material till the delivery of the final product to the end-users is known as supply chain management (SCM). There is a network of suppliers made by a company for the movement of the product starting from the suppliers of raw materials to the companies that deal directly with end-users.
Factors such as the increasing requirement for enhanced supply chain visibility, development of industrial-grade digital technology, and shifting inclination of the suppliers towards cloud-based supply chain management software are acting as growth catalysts for the overall market.
The rapid digitalization and industrialization across various emerging nations of the region would create more demand for supply chain management solutions or software. The high adoption of advanced cloud-based technologies by various companies is one of the major factors accelerating the demand of cloud-based solutions in the regional market. In addition, the growing economic conditions of the emerging countries would open new growth avenues for the regional market players.
The Large Enterprises market dominated the Asia Pacific Supply Chain Management Market by Organization Size 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7,809.6 million by 2027. The Small & Medium Enterprises market is poised to grow highest CAGR of 13.5% during (2021 - 2027).
Based on Component, the market is segmented into Software, Hardware, and Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into FMCG, Retail & eCommerce, Automotive, Healthcare, Manufacturing, Transportation & Logistics, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Supply Chain Management Market is Projected to reach USD 42.46 billion by 2027, at a CAGR of 10.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Oracle Corporation, Infor, Inc. (Koch Industries), IBM Corporation, Descartes Systems Group, Inc., Manhattan Associates, Inc., American Software, Inc. (Logility, Inc.), Kinaxis, Inc., Blue Yonder Group, Inc. (Panasonic Corporation), and Körber AG.
By Component
By Deployment Type
By Organization Size
By Vertical
By Country
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