The Europe Supply Chain Management Market would witness market growth of 9.6% CAGR during the forecast period (2021-2027).
The supply chain management market would witness a surge in demand due to the advancements in industrial-grade digital technology and growing requirements for better visibility in the supply chain. Moreover, the growth of the market would further be driven by the factors like the integration of blockchain technology in supply chain management and the rising demand for transportation management systems (TMS) software.
Supply chain management helps in managing every touch point of a company's product or service, beginning from initial development to the final sale. A robust supply chain management system can boost revenues, reduce costs and impact the growth of the company with several places coupled the supply chain, which adds up the value through higher efficiencies or reduce value by surged expenses.
Germany has a strong industrial sector and it is the dominating country in the production of machinery, chemicals, and automobiles, the demand for supply chain management solutions would rise in the upcoming years. The increasing investment of the companies in the implementation of advanced solutions and production of high-quality products would create new growth avenues for the players operating in the regional supply chain management market during the forecast period.
The Software market dominated the Europe Supply Chain Management Market by Component 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,224.8 million by 2027. The Services market is experiencing a CAGR of 10.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Supply Chain Management Market Size will Hit $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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