Artificial Intelligence
Global Supply Chain Management Market By Component, By Deployment Type, By Organization Size, By Vertical, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027
New York, Dec. 27, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Supply Chain Management Market By Component, By Deployment Type, By Organization Size, By Vertical, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06193324/?utm_source=GNW
This software is utilized across various supply chain transactions and assists in managing supplier relationships and business procedures. Further, it offers precise information and an end-to-end insight into supply chain procedures.
By implementing effective supply chain management systems, companies can bring down the cost, wastage, and time of the entire production cycle. The recent trend of a just-in-time supply chain is fueling the demand for supply chain management systems as it automatically notifies the manufacturers to replenish orders. Companies also evaluate the data from supply chain partners to look after the areas for enhancements, which is among the ways to boost the supply chain processes.
Factors such as the high growth of the e-commerce sector, increasing popularity of cloud solutions among SMEs, and improving business continuity by reducing the potential failures are estimated to propel the growth of the supply chain management market over the forecast period.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic has disturbed all aspects & sections of life & society along with businesses. In the current scenario, widespread communication is possible because of the internet and hence, playing a crucial role in managing and operating businesses. The pandemic has provided a great opportunity for businesses to go digital.
During the COVID-19 pandemic, several regulatory authorities and governments have made it compulsory to follow the rules to maintain social distance and adopt new practices of teleworking. Hence, companies are following the new Business Continuity Plan (BCP) to proceed with their business properly and timely. Due to digitalization, companies are excessively adopting supply chain management solutions and services to protect their data from breaches.
Market Growth Factors
Increase in the demand for high visibility & transparency in supply chain data and processes
Low transparency and visibility pose major challenges for many companies in terms of fulfilling their supply chain’s objectives. Due to low transparency and visibility in supply chain processes, companies are unable to foresee the future and avoid interruptions and inventory imbalance. This results in hampering the management of data that is spread across the different sectors of the company. The evolving technologies and fast-growing digital age are creating challenges for supply chain organizations to grow at the same speed to provide facilities to the investors.
Growing demand for transportation management systems (TMS) software
In the supply chain, transportation is defined as the movement of various products from one location to another that starts from the initial stage of the supply chain since raw materials make their way to the warehouse and maintain their way to the end-user with the customer’s order provided at the doorstep. The high significance of transportation is motivating warehouse managers to evaluate transportation within their supply chains. Eventually, in this manner, companies can bring down the overall cost for a model wherein transportation makes around 60 percent of total operational costs.
Market Restraining Factors
Low awareness regarding the advanced supply chain management tools
There is low awareness regarding supply chain management solutions in the market, which is hindering the demand for these solutions. There are several small and medium enterprises across developing nations that have not fully automated their business processes and also have limited knowledge about such solutions and thus, negatively affecting the growth of the supply chain management market during the forecast period.
Component Outlook
The supply chain management market is categorized into solutions and services. The solution segment dominated the market with the largest revenue share in 2020 and is estimated to maintain this trend during the forecast period. It is due to the increasing requirement for comprehensive supply chain management software that organizes complicated supply chain networks.
Deployment Type Outlook
The supply chain management market is bifurcated into on-premise and cloud-based. The on-premise segment accounted for the highest market share in 2020 and is anticipated to maintain its dominance during the forecast period. The on-premise supply chain management solution enables companies to gain better control over security & other connectivity concerns and enhances the reliability, speed, scalability, and connectivity of companies.
Organization Size Outlook
The supply chain management market is segmented into small & medium-sized enterprises and large enterprises. Among these, the large enterprises segment procured the maximum revenue share in 2020. This segment would further maintain this dominance over the forecast period due to the growing adoption of supply chain management software to combine it with prevailing software and inventories.
Vertical Outlook
The market is categorized into retail & consumer goods, healthcare & pharmaceuticals, manufacturing, food & beverages, transportation & logistics, automotive, and others. Among all, the retail & consumer goods segment garnered the largest share in the market in 2020 and is estimated to continue this trend over the forecast period.
Regional Outlook
The supply chain management market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2020, North America emerged as the leading region in the supply chain management market. It is because of the increased spending on transportation & logistics activities in this region that would augment the deployment of automation technologies in logistics & supply chain.
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.
Recent Strategies Deployed in Supply Chain Management Market
Partnerships, Collaborations and Agreements:
Oct-2021: Blue Yonder joined hands with Accenture, an Irish-based multinational professional services company. This collaboration aimed to offer joint customers the important tools and visibility to actively respond to disruptions in their supply chains, while also streamlining the cloud-first approach as a major tenet of digital supply chain transformation.
Aug-2021: Kinaxis formed a partnership with Exelixis, a genomics-based drug discovery company. Under this partnership, Exelixis selected Kinaxis to develop its global supply chain planning capabilities. In addition, Exelixis would leverage RapidStart, the accelerated Kinaxis enterprise deployment methodology to outreach time-to-value sooner.
Jun-2021: Kinaxis entered into a partnership with LevaData, an artificial intelligence company. This partnership aimed to allow manufacturers to achieve deeper insight into supplier risk and build greater supply chain resiliency.
May-2021: Logility came into a partnership with Tata Technologies, leading global engineering, and product development digital services company. This partnership aimed to help companies to mitigate the effects of supply chain disruptions, like overcoming supply-demand uncertainties and managing continuity in the near term.
Feb-2021: Infor entered into an agreement with Stellar Value Chain Solutions, one of the largest tech-driven consumer supply chain companies in India. Under this agreement, Stellar Value Chain Solutions selected Infor WMS warehouse management systems to release a minimally-configurable, digitalized supply chain service to streamline its warehouse management.
Feb-2021: Blue Yonder came into a partnership with PredictHQ, a data intelligence company. This partnership aimed to provide it’s retail & manufacturing clients access to verified data on high-impact events that disrupt demand.
Feb-2021: IBM formed a partnership with Palantir Technologies, a public American software company. This partnership aimed to provide AI for business, with Palantir’s next-generation operations platform for developing applications. The integrated solution would help businesses in industries to manage a huge amount of data where AI-infused applications can fuel better & informed business decisions and automate results.
Jan-2021: IBM extended its partnership with Atos, a global leader in digital transformation. This partnership aimed to assist enterprises to boost their digital transformation and optimize business processes. In addition, the companies would also develop joint offerings based on Atos’ vertical decarbonized solution and service delivery assets, powered by IBM.
Jan-2021: Blue Yonder formed a partnership with Trax, a leading global provider of computer vision solutions and analytics for retail. This partnership aimed to introduce Dynamic Workforce Management to offer retailers and fulfillment centers along with real-time demand visibility and an agile, skilled workforce to resolve store issues rapidly and at scale.
Dec-2020: SAP extended its partnership with Microsoft, an American multinational technology corporation. This expansion aimed to allow customers to design and use intelligent digital supply chain and Industry 4.0 solutions in the cloud and at the edge. The partnership also included a collaborative approach to standards, consortia, and open-source, which would shape the future of supply chain and manufacturing.
Dec-2020: Infor formed a partnership with MphRx, a Healthcare technology company. This partnership aimed to assist healthcare companies in driving vaccine management for the novel Coronavirus. In addition, the companies would bring an integrated and complete enterprise solution for healthcare companies to tackle three key challenges in digital transformation that include COVID-19 demands: offer effortless omnichannel patient experience, drive care coordination, and simplify interoperability.
Nov-2020: Kinaxis partnered with CUBE SYSTEM, a Japan-based company mainly engaged in the provision of system solutions and services. This partnership aimed to expand Kinaxis’s growing partner ecosystem in the Asia Pacific.
Oct-2020: SAP came into a partnership with Roche and Tenthpin. This partnership aimed to shape the future of clinical supplies operations and coordinate clinical & commercial supply chain management systems. Together, the companies would form an industry consortium and would operate together on the innovative, new, next-generation clinical trial supply management (CTSM) solution.
Oct-2020: Manhattan Associates joined hands with L’Oréal, a French personal care company. In this collaboration, L’Oréal selected Manhattan Associates to implement Manhattan Active Warehouse Management, a global, scalable, and agile SaaS-based solution. By using Manhattan Active Warehouse Management, L’Oréal would have a solution that would enhance its agility via the digitalization, efficiency, and productivity of its distribution centers.
Oct-2020: SAP formed a partnership with Qualtrics, an American experience management company. Under this partnership, the companies launched Qualtrics XM for Suppliers, a new solution, which would empower companies to recognize major areas of enhancements across the source-to-pay process to assist secure critical supply, boost cost savings, mitigate risk and enhance business agility.
Oct-2020: Kinaxis came into a partnership with Coty, a global beauty company making cosmetic, skin, fragrance & hair brands. This partnership aimed to provide tools to simplify and shorten decision-making cycles, further enable collaboration, more precisely predict demand and generate insights on the financial impact of trade-offs.
Aug-2020: The Descartes Systems Group teamed up with Microsoft, an American multinational technology corporation. This collaboration aimed to expand Azure’s footprint while moving further into the Microsoft business applications space with Common Data Model, Power BI, and Dynamics 365. The company’s eCommerce Warehouse Management, MacroPoint, and Route Planner would assist enterprises to enhance their logistics processes.
Aug-2020: Manhattan Associates collaborated with Metapack, a leading provider of eCommerce delivery management technology. This collaboration aimed to connect Manhattan Associates’ warehouse management system and Metapack’s delivery management platform, which would offer retailers with effortless access to the Manhattan Associates’ WMS solution and Metapack’s breadth of e-commerce solutions.
Jul-2020: Infor came into a partnership with DBS Bank, Southeast Asia’s largest bank. This partnership aimed to combine digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses. The joint program of the companies offered faster and cost-efficient digital trade financing to suppliers in the apparel company’s supply chain ecosystem that consists of mostly small-to-medium-sized enterprises (SMEs).
Jul-2020: Blue Yonder partnered with Uber Freight, an app that matches carriers with shippers. This partnership aimed to assist companies to develop efficient and transparent global supply chains at a critical time. Uber Freight would be combined directly under the Blue Yonder Luminate Platform to empower the dynamic pricing discovery solution to deliver quick quoting of real-time market-based prices and rapid booking capabilities up to two weeks in advance of loads.
Jul-2020: Kinaxis entered into a partnership with Wipro Limited, an Indian multinational corporation that provides information technology, consulting, and business process services. This partnership aimed to assist customers to solve complicated supply chain planning problems and offer the support required to adapt and succeed in the global digital world.
Jun-2020: Blue Yonder joined hands with DHL Supply Chain, the global leader in contract logistics and part of Deutsche Post DHL Group. This collaboration aimed to introduce a new plug & play robotics platform with Microsoft, and Blue Yonder. The new platform would provide customers with better flexibility in choosing and integrating various robotics vendors into a single solution.
Jun-2020: Blue Yonder joined hands with Schneider, a provider of trucking, intermodal, and logistics services. This collaboration aimed to provide a new carrier marketplace under the Blue Yonder transportation-management solution. This latest dynamic-capacity pricing solution would deliver an integrated, effortless experience for shippers, which would pair the power of dynamic pricing & visibility with the complete solutions of Schneider’s portfolio, with Schneider’s brokerage division leading the adoption.
May-2020: Oracle partnered with Uber Freight, an app that matches carriers with shippers. This partnership aimed to bring real-time quotes from the broker to the Oracle Transportation Management Cloud.
May-2020: Infor formed a partnership with Integration Point, a privately owned software company. This partnership aimed to provide the most comprehensive Global Trade Management solution in the market. In addition, the companies would also offer global trade management on a shared information network, which combined all the elements of GTM that include trade finance, logistics, trade compliance, customs filing, trade content, and duty optimization.
Jan-2020: Kinaxis formed a partnership with Syncronic, a provider of consulting services. This partnership aimed to bring together Syncronic’s deep expertise in planning & ERP systems with the leading capabilities of the Kinaxis RapidResponse platform and distinct concurrent planning technique. Both the companies would assist companies to fill the gap between business & IT to unleash the full potential of their supply chains and develop a better planning experience.
Product Launches and Product Expansions:
Aug-2021: Oracle Corporation launched updates to Oracle Fusion Cloud Procurement, a product suite. This portfolio manages a company’s comprehensive source-to-settle cycle. This suite is the part of Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) and Oracle Fusion Cloud Enterprise Resource Planning (ERP), which are the company’s integrated solutions that are developed to assist customers to reduce risk, minimize costs, enforce compliant spending and streamline supplier management and contracting.
May-2021: Manhattan Associates introduced advancements in supply chain efficiency and optimization. With the launch of Manhattan Active Transportation Management to the Manhattan Active Supply Chain suite, the company would unite transportation, distribution, labor, and automation under a single, cloud-native application based on Manhattan Active technology.
Apr-2021: IBM introduced new capabilities for IBM Watson developed to assist companies in building trustworthy AI. Such capabilities would further expand Watson tools that are developed to assist companies to govern and explain AI-led decisions, boost insight accuracy, mitigate risks and fulfill their privacy and compliance needs.
Feb-2021: Manhattan Associates launched its new TMS, Manhattan Active Transportation Management. Manhattan Active has been redesigned and rebuilt from the start-up to a new level of agility, innovation, and scale to fulfill the changing transportation landscape.
Sep-2020: SAP introduced SAP Logistics Business Network, a cloud-based network platform. This platform offers advanced capabilities to effortlessly connect SAP customers’ back-end systems to their freight collaboration, order fulfillment, tracking, and material traceability networks.
Jul-2020: Oracle introduced new upgrades to Oracle Fusion Cloud Supply Chain & Manufacturing (Oracle Cloud SCM). These updates would assist the customer to tackle the challenges created by widespread supply disruptions, shifting global trade patterns, market volatility, and changing customer expectations.
May-2020: Manhattan Associates introduced the new Manhattan Active Warehouse Management solution. This solution is designed wholly from microservices and extraordinarily elastic, and Manhattan Active WM ushers in a new level of speed, adaptability, and ease of usage under distribution management.
Acquisitions and Mergers:
Oct-2021: Infor took over Lighthouse Systems, a leading provider of manufacturing execution system (MES) software for smart manufacturing. This acquisition aimed to integrate Shopfloor-Online, which would assist manufacturing companies to operate and enhance manufacturing operations across production, inventory, quality, and maintenance.
Apr-2021: Oracle signed an agreement to acquire FarApp, an eCommerce automation solution. FarApp provides eCommerce, logistics, retail, and hospitality connectors for Oracle NetSuite. Through this acquisition, NetSuite customers would get an effortless and unified experience
Jul-2021: The Descartes Systems Group took over GreenMile, a leading provider of cloud-based mobile route execution solutions. Following the acquisition, GreenMile’s highly scalable mobile route execution solutions would have been built with distinct capabilities to better serve the global distribution industry.
May-2021: The Descartes Systems Group completed the acquisition of Portrix Logistics Software, a global rate management solution. This acquisition would integrate Descartes’s current supply chain systems with Portrix’s Global Price Management tool to enable its customers to use its shipment routing, rating, pricing, and capacity management solutions to enhance the whole end-to-end customer experience.
Jul-2020: Blue Yonder took over Yantriks, a SaaS provider of commerce and fulfillment microservices. This acquisition aimed to integrate real-time transactional systems with supply chain planning, forecasting, and fulfillment solutions, to empower modern commerce. Through this integrated offering, organizations can combine all their supply chain assets to provide a unique experience to their customer’s right at the beginning of the shopping process.
Scope of the Study
Market Segments covered in the Report:
By Component
• Software
o Software Type
Supplier Management Software
Procurement Software
Order Management Software
Transportation Management Software
Warehouse Management Software
Demand Planning Software
Capital Purchasing Software
Others
• Hardware
o Hardware Type
Barcode & Barcode Scanners
RFID Tags & Readers
Others
• Services
By Deployment Type
• On-premise
• Cloud
By Organization Size
• Large Enterprises
• Small & Medium Enterprises
By Vertical
• FMCG, Retail & eCommerce
• Automotive
• Healthcare
• Manufacturing
• Transportation & Logistics
• Others
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• 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)
• Körber AG
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
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Artificial Intelligence
Building Energy Management Systems Market Projected to Reach $67.69 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 24, 2024 /PRNewswire/ — The report titled “Building Energy Management Systems Market by Component (Hardware, Services, Software), Type (Integrated Building Energy Management Systems, Standalone Building Energy Management Systems), Application, Deployment Mode, End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $34.52 billion in 2023 to reach $67.69 billion by 2030, at a CAGR of 10.09% over the forecast period.
“Revolutionizing Energy Efficiency Globally With The Evolution of Building Energy Management Systems (BEMS)”
In an era where energy conservation and efficiency have become paramount, building energy management systems (BEMS) are at the forefront of this transformation, offering solutions that monitor, control, and optimize energy usage within buildings. These advanced systems, leveraging real-time data analytics, automate energy control, enhance energy savings, reduce costs, and contribute to a greener planet. Primarily utilized in commercial spaces, residential areas, and industrial sectors, BEMS has a broad application scope, covering HVAC, lighting, and security systems. Factors driving the expansion of the BEMS market include escalating energy expenses, heightened awareness of environmental impacts, and the increasing incorporation of Internet of Things (IoT) and cloud-based technologies, coupled with supportive government initiatives promoting energy-efficient infrastructures. Although challenges such as high initial costs and technology integration barriers exist, the advent of AI and IoT technologies within BEMS heralds a future of predictive energy management and remote operational capabilities, with a growing emphasis on integrating renewable energy sources. Regions such as the United States, Canada, the European Union, and emerging economies such as China and India are witnessing significant growth in BEMS adoption, spurred by regulatory policies and a shift towards sustainable building practices. This global movement toward BEMS signals a step toward reducing carbon footprints and highlights the collective effort to embrace technology for a sustainable future.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/building-energy-management-systems
“Harnessing Energy Management for Sustainability and Efficiency”
Data centers are pivotal infrastructures in the digital transformation era, consuming up to 50 times more energy than typical commercial spaces. This energy demand positions data centers as key contributors to the U.S.’s overall electricity consumption. Recognizing this, implementing building energy management systems (BEMS) is crucial in mitigating the environmental impact and operational costs associated with data centers. BEMS optimizes cooling systems to prevent equipment overheating, thereby enhancing energy efficiency by leveraging real-time data. Such systems reduce the power usage effectiveness (PUE) ratio, highlighting a move toward more sustainable consumption patterns and ensuring data centers’ operational continuity. Integrating seamlessly with existing infrastructure, BEMS offers a comprehensive approach to energy management, enabling more innovative cooling, efficient power usage, and predictive maintenance. This transition highlights a commitment to environmental responsibility and fosters operational efficiency, setting a new standard for data center operations worldwide.
“Revolutionizing Building Efficiency With Advanced Energy Management Systems Optimized Usage”
In push toward sustainability, building energy management systems (BEMS) stands at the forefront of innovation, integrating sophisticated hardware such as sensors, actuators, controllers, and more to manage and reduce energy consumption in buildings meticulously. These systems work in concert to monitor environmental conditions and adjust heating, ventilation, and air conditioning (HVAC) settings in real time, leading to significant energy savings. BEMS provides valuable data that helps identify savings opportunities, while networking tools ensure seamless communication between devices by precisely tracking energy flow through meters. Servers process vast amounts of data, enabling detailed analysis and actionable insights to refine energy use further. Additionally, comprehensive services, including customized consultations and dedicated support, ensure that each BEMS is tailored to a building’s unique needs, providing efficient operation and extended system longevity. BEMS exemplifies the strategic shift toward more sustainable and operationally excellent building management through the collaborative synergy of hardware, software, and expert services.
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“Schneider Electric SE at the Forefront of Building Energy Management Systems Market with a Strong 13.97% Market Share”
The key players in the Building Energy Management Systems Market include Schneider Electric SE, Honeywell International Inc., Azbil Corporation, Emerson Electric Co., Johnson Controls International PLC, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Building Energy Management Systems Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Building Energy Management Systems Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Building Energy Management Systems Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
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“Dive into the Building Energy Management Systems Market Landscape: Explore 180 Pages of Insights, 566 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsBuilding Energy Management Systems Market, by ComponentBuilding Energy Management Systems Market, by TypeBuilding Energy Management Systems Market, by ApplicationBuilding Energy Management Systems Market, by Deployment ModeBuilding Energy Management Systems Market, by End-UseAmericas Building Energy Management Systems MarketAsia-Pacific Building Energy Management Systems MarketEurope, Middle East & Africa Building Energy Management Systems MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/building-energy-management-systems
Related Reports:
Home Energy Management System Market – Global Forecast 2024-2030Energy Management System Market – Global Forecast 2024-2030Intelligent Building Automation Technologies Market – Global Forecast 2024-2030About 360iResearch
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Artificial Intelligence
Terra Drone, Unifly, and Aloft Launch UTM Development for AAM Targeting Global Markets
TOKYO, April 25, 2024 /PRNewswire/ — Terra Drone Corporation, a leading drone and Advanced Air Mobility (AAM) technology provider headquartered in Japan, announced today the launch of joint development with its Group companies Unifly NV (“Unifly”) and Aloft Technologies Inc. (“Aloft”) focused on UAS Traffic Management (UTM) for AAMs targeting global markets. Terra Drone has been making strides in its pioneering UTM business via strategic investments in Unifly, a leading UTM technology provider based in Belgium, and Aloft, which has the top UTM market share in the U.S. This collaboration marks the world’s first-ever joint UTM development for AAMs by multiple companies with extensive track records in UTM implementation and operation.
The three companies pursue joint UTM development to capitalize on the rapid global progress in electric vertical take-off and landing aircrafts (eVTOLs), set to revolutionize transportation. Morgan Stanley forecasts the Urban Air Mobility (UAM) market to reach $1 trillion by 2040 and $9 trillion by 2050 (1), with eVTOLs gaining global recognition through test flights and prototype showcases.
The companies proudly announce initiatives to enhance their existing UTM platforms in anticipation of the surge in eVTOL aircraft and drone activities. The shared vision for the UTM platform is to enable safe and efficient flight operations for eVTOLs and drones in the foreseeable future.
Recognizing the evolving needs of the AAM industry, they are dedicated to extending their platform by incorporating crucial additional functions. These enhancements, designed with automation at their core, aim to streamline operational efficiencies and pave the way for the integration of their increasingly automated UTM technology into the design and operational framework of AAMs. Through these efforts, they aim to set new standards in UTM and to facilitate the seamless integration of eVTOLs and drones into the national airspace, bolstering the potential for the AAM industry.
Through this initiative, they aim to build a global UTM infrastructure that kickstarts the AAM industry worldwide, creating a cohesive ecosystem that supports AAM growth and addresses broader challenges of urban mobility, sustainability, and air traffic safety.
Notes to Editor:
Research by Morgan Stanley in a report titled “eVTOL/Urban Air Mobility TAM Update: A Slow Take-Off, But Sky’s the Limit” https://advisor.morganstanley.com/the-busot-group/documents/field/b/bu/busot-group/Electric%20Vehicles.pdf]
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Artificial Intelligence
IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform
$6.4 billion acquisition adds suite of leading hybrid and multi-cloud lifecycle management products to help clients grappling with today’s AI-driven application growth and complexity
HashiCorp’s capabilities to drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and Consulting
As a part of IBM, HashiCorp is expected to accelerate innovation and enhance its go-to-market, growth and monetization initiatives
Transaction expected to be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two
ARMONK, N.Y. and SAN FRANCISCO, April 24, 2024 /PRNewswire/ — IBM (NYSE: IBM) and HashiCorp Inc. (NASDAQ: HCP), a leading multi-cloud infrastructure automation company, today announced they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp’s suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud environments. Today’s announcement is a continuation of IBM’s deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today.
“Enterprise clients are wrestling with an unprecedented expansion in infrastructure and applications across public and private clouds, as well as on-prem environments. The global excitement surrounding generative AI has exacerbated these challenges and CIOs and developers are up against dramatic complexity in their tech strategies,” said Arvind Krishna, IBM chairman and chief executive officer. “HashiCorp has a proven track record of enabling clients to manage the complexity of today’s infrastructure and application sprawl. Combining IBM’s portfolio and expertise with HashiCorp’s capabilities and talent will create a comprehensive hybrid cloud platform designed for the AI era.”
The rise of cloud-native workloads and associated applications is driving a radical expansion in the number of cloud workloads enterprises are managing. In addition, generative AI deployment continues to grow alongside traditional workloads. As a result, developers are working with increasingly heterogeneous, dynamic, and complex infrastructure strategies. This represents a massive challenge for technology professionals.
HashiCorp’s capabilities enable enterprises to use automation to deliver lifecycle management for infrastructure and security, providing a system of record for the critical workflows needed for hybrid and multi-cloud environments. HashiCorp’s Terraform is the industry standard for infrastructure provisioning in these environments. HashiCorp’s offerings help clients take a cloud-agnostic, and highly interoperable approach to multi-cloud management, and complement IBM’s commitment to industry collaboration (including deep and expanding partnerships with hyperscale cloud service providers), developer communities, and open-source hybrid cloud and AI innovation.
“Our strategy at its core is about enabling companies to innovate in the cloud, while providing a consistent approach to managing cloud at scale. The need for effective management and automation is critical with the rise of multi-cloud and hybrid cloud, which is being accelerated by today’s AI revolution,” said Armon Dadgar, HashiCorp co-founder and chief technology officer. “I’m incredibly excited by today’s news and to be joining IBM to accelerate HashiCorp’s mission and expand access to our products to an even broader set of developers and enterprises.”
“Today is an exciting day for our dedicated teams across the world as well as the developer communities we serve,” said Dave McJannet, HashiCorp chief executive officer. “IBM’s leadership in hybrid cloud along with its rich history of innovation, make it the ideal home for HashiCorp as we enter the next phase of our growth journey. I’m proud of the work we’ve done as a standalone company, I am excited to be able to help our customers further, and I look forward to the future of HashiCorp as part of IBM.”
Transaction Rationale
Strong Strategic Fit – The acquisition of HashiCorp by IBM creates a comprehensive end-to-end hybrid cloud platform built for AI-driven complexity. The combination of each company’s portfolio and talent will deliver clients extensive application, infrastructure and security lifecycle management capabilitiesAccelerates growth in key focus areas – Upon close, HashiCorp is expected to drive significant synergies for IBM, including across multiple strategic growth areas like Red Hat, watsonx, data security, IT automation and Consulting. For example, the powerful combination of Red Hat’s Ansible Automation Platform’s configuration management and Terraform’s automation will simplify provisioning and configuration of applications across hybrid cloud environments. The two companies also anticipate an acceleration of HashiCorp’s growth initiatives by leveraging IBM’s world-class go-to-market strategy, scale, and reach, operating in more than 175 countries across the globeExpands Total Addressable Market (TAM) – The acquisition will create the opportunity to deliver more comprehensive hybrid and multi-cloud offerings to enterprise clients. HashiCorp’s offerings, combined with IBM and Red Hat, will give clients a platform to automate the deployment and orchestration of workloads across evolving infrastructure including hyperscale cloud service providers, private clouds and on-prem environments. This will enhance IBM’s ability to address the total cloud opportunity, which according to IDC had a TAM of $1.1 trillion in 2023, with a compound annual growth rate in the high teens through 2027.1Attractive Financial Opportunity – The transaction will accelerate IBM’s growth profile over time driven by go-to-market and product synergies. This growth combined with operating efficiencies, is expected to achieve substantial near-term margin expansion for the acquired business. It is anticipated that the transaction will be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two.HashiCorp boasts a roster of more than 4,400 clients, including Bloomberg, Comcast, Deutsche Bank, GitHub, J.P Morgan Chase, Starbucks and Vodafone. HashiCorp’s offerings have widescale adoption in the developer community and are used by 85% of the Fortune 500. Their community products across infrastructure and security were downloaded more than 500 million times in HashiCorp’s FY2024 and include:
Terraform – provides organizations with a single workflow to provision their cloud, private datacenter, and SaaS infrastructure and continuously manage infrastructure throughout its lifecycleVault – provides organizations with identity-based security to automatically authenticate and authorize access to secrets and other sensitive dataAdditional products – Boundary for secure remote access; Consul for service-based networking; Nomad for workload orchestration; Packer for building and managing images as code; and Waypoint internal developer platformTransaction Details
Under the terms of the agreement, IBM will acquire HashiCorp for $35 per share in cash, or $6.4 billion enterprise value, net of cash. HashiCorp will be acquired with available cash on hand.
The boards of directors of IBM and HashiCorp have both approved the transaction. The acquisition is subject to approval by HashiCorp shareholders, regulatory approvals and other customary closing conditions.
The Company’s largest shareholders and investors, who collectively hold approximately 43% of the voting power of HashiCorp’s outstanding common stock, entered into a voting agreement with IBM pursuant to which each has agreed to vote all of their common shares in favor of the transaction and against any alternative transactions.
The transaction is expected to close by the end of 2024.
____________________1 The total cloud opportunity is the sum of the cloud-directed spends across Hardware, IT services and SW for Private and Public cloud implementation, sourced from IDC’s Worldwide Black Book Live Edition, March 2024 (V1 2024)
Conference Call Details
IBM’s regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. ET, today. The Webcast may be accessed here. Presentation charts will be available shortly before the Webcast.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
About HashiCorp
HashiCorp is The Infrastructure Cloud™ company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastructure Cloud on the HashiCorp Cloud Platform (HCP) for managed cloud services, as well as self-hosted enterprise offerings and community source-available products. The company is headquartered in San Francisco, California. For more information, visit HashiCorp.com.
Press Contacts:
IBM:Tim Davidson, [email protected]
HashiCorp:Matthew Sherman / Jed Repko / Haley Salas / Joycelyn BarnettJoele Frank, Wilkinson Brimmer Katcher212-355-4449
Additional Information and Where to Find It
HashiCorp, Inc. (“HashiCorp”), the members of HashiCorp’s board of directors and certain of HashiCorp’s executive officers are participants in the solicitation of proxies from stockholders in connection with the pending acquisition of HashiCorp (the “Transaction”). HashiCorp plans to file a proxy statement (the “Transaction Proxy Statement”) with the Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies to approve the Transaction. David McJannet, Armon Dadgar, Susan St. Ledger, Todd Ford, David Henshall, Glenn Solomon and Sigal Zarmi, all of whom are members of HashiCorp’s board of directors, and Navam Welihinda, HashiCorp’s chief financial officer, are participants in HashiCorp’s solicitation. Information regarding such participants, including their direct or indirect interests, by security holdings or otherwise, will be included in the Transaction Proxy Statement and other relevant documents to be filed with the SEC in connection with the Transaction. Additional information about such participants is available under the captions “Board of Directors and Corporate Governance,” “Executive Officers” and “Security Ownership of Certain Beneficial Owners and Management” in HashiCorp’s definitive proxy statement in connection with its 2023 Annual Meeting of Stockholders (the “2023 Proxy Statement”), which was filed with the SEC on May 17, 2023 (and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000114036123025250/ny20008192x1_def14a.htm). To the extent that holdings of HashiCorp’s securities have changed since the amounts printed in the 2023 Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC (which are available at https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001720671&type=&dateb=&owner=only&count=40&search_text=). Information regarding HashiCorp’s transactions with related persons is set forth under the caption “Related Person Transactions” in the 2023 Proxy Statement. Certain illustrative information regarding the payments to that may be owed, and the circumstances in which they may be owed, to HashiCorp’s named executive officers in a change of control of HashiCorp is set forth under the caption “Executive Compensation—Potential Payments upon Termination or Change in Control” in the 2023 Proxy Statement. With respect to Ms. St. Ledger, certain of such illustrative information is contained in the Current Report on Form 8-K filed with the SEC on June 7, 2023 (and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000162828023021270/hcp-20230607.htm). Promptly after filing the definitive Transaction Proxy Statement with the SEC, HashiCorp will mail the definitive Transaction Proxy Statement and a WHITE proxy card to each stockholder entitled to vote at the special meeting to consider the Transaction. STOCKHOLDERS ARE URGED TO READ THE TRANSACTION PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT HASHICORP WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain, free of charge, the preliminary and definitive versions of the Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by HashiCorp with the SEC in connection with the Transaction at the SEC’s website (http://www.sec.gov). Copies of HashiCorp’s definitive Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by HashiCorp with the SEC in connection with the Transaction will also be available, free of charge, at HashiCorp’s investor relations website (https://ir.hashicorp.com/), or by emailing HashiCorp’s investor relations department ([email protected]).
Forward-Looking Statements
Certain statements contained in this communication may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially.
Statements in this communication regarding IBM and HashiCorp that are forward-looking may include statements regarding: (i) the Transaction; (ii) the expected timing of the closing of the Transaction; (iii) considerations taken into account in approving and entering into the Transaction; (iv) the anticipated benefits to, or impact of, the Transaction on IBM’s and HashiCorp’s businesses; and (v) expectations for IBM and HashiCorp following the closing of the Transaction. There can be no assurance that the Transaction will be consummated.
Risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, in addition to those identified above, include: (i) the possibility that the conditions to the closing of the Transaction are not satisfied, including the risk that required approvals from HashiCorp’s stockholders for the Transaction or required regulatory approvals to consummate the Transaction are not obtained, on a timely basis or at all; (ii) the occurrence of any event, change or other circumstance that could give rise to a right to terminate the Transaction, including in circumstances requiring HashiCorp to pay a termination fee; (iii) possible disruption related to the Transaction to IBM’s and HashiCorp’s current plans, operations and business relationships, including through the loss of customers and employees; (iv) the amount of the costs, fees, expenses and other charges incurred by IBM and HashiCorp related to the Transaction; (v) the risk that IBM’s or HashiCorp’s stock price may fluctuate during the pendency of the Transaction and may decline if the Transaction is not completed; (vi) the diversion of IBM and HashiCorp management’s time and attention from ongoing business operations and opportunities; (vii) the response of competitors and other market participants to the Transaction; (viii) potential litigation relating to the Transaction; (ix) uncertainty as to timing of completion of the Transaction and the ability of each party to consummate the Transaction; and (x) other risks and uncertainties detailed in the periodic reports that IBM and HashiCorp filed with the SEC, including IBM’s and HashiCorp’s respective Annual Reports on Form 10-K. All forward-looking statements in this communication are based on information available to IBM and HashiCorp as of the date of this communication, and, except as required by law, IBM and HashiCorp do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
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