Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Supply Chain Management Software Market Chasing USD 35.3 Bn Mark by 2032, Due to The Ever-increasing Importance of Supply Chain Optimization

Published

on

New York, July 17, 2023 (GLOBE NEWSWIRE) — Global Supply Chain Management Software Market size accounted for USD 14.3 Bn  in 2022. It is projected to surpass around USD 35.3 Bn  by 2032, and it is poised to reach a CAGR of 9.7% from 2023 to 2032.

Supply chain management software improves operational efficiency in companies by enhancing inventory management, logistics, and sales and marketing operations. It aims for a streamlined, cost-effective supply chain that adapts quickly to market fluctuations. Software-driven automation and optimization lead to cost reductions, time-to-market efficiency, agility, and customer satisfaction.”


Get additional highlights on major revenue-generating segments, Request a Supply Chain Management Software Market sample report at: https://marketresearch.biz/report/supply-chain-management-software-market/request-sample

Key Takeaway:

  • By type, in 2022, the supply chain management software market was dominated by the Large enterprises segment.
  • By component, the solution segment dominated the market with a significant share.
  • By deployment mode, the supply chain management software market is dominated by the cloud segment.
  • In 2022, North America dominated the market with the highest revenue share of 34%.
  • Asia-Pacific is expected to be the fastest-growing region in the supply chain management software market.

Factors Affecting the Growth of the Supply Chain Management Software Market

There are several factors that can have an impact on the growth of the supply chain management software industry. Some of these factors include:

  • Technological Advancements: The advancement of technologies such as cloud computing, artificial intelligence (AI), machine learning, big data analytics, the Internet of Things (IoT), and blockchain has significantly impacted the supply chain management software industry.
  • Globalization and Complex Supply Chains: As businesses expand globally and supply chains become more complex, the need for effective supply chain management software increases.
  • Demand for Visibility and Transparency: Increasing customer expectations and regulatory requirements have fueled the demand for supply chain visibility and transparency.
  • Supply Chain Resilience: Recent disruptions like the COVID-19 pandemic and natural disasters have highlighted the importance of supply chain resilience.

To understand how our report can bring a difference to your business strategy, Inquire about a brochure at https://marketresearch.biz/report/supply-chain-management-software-market/#inquiry

Market Growth

Supply Chain Management is a critical component of modern business operations, encompassing the coordination, planning, and execution of activities involved in the flow of goods and services from the point of origin to the point of consumption. The market for SCM solutions and services has been growing steadily over the years, driven by factors such as globalization, increasing customer expectations, and the need for more efficient and responsive supply chains.

Top Trends in Global Supply Chain Management Market

  • Influential Market Trends Affecting the Supply Chain Management Software Market

Supply chain management software revolutionizes business supply chains, with numerous solutions available, contributing to the anticipated market development and industry trends. It makes the tasks much more transparent, easier, and faster to carry out.

  • Increasing emphasis on ethical and sustainable supply chain practices

Sustainability and ethical business practices are increasingly important globally due to consumer awareness of environmental impact. This has led to businesses focusing on sustainability and ethical supply chain practices. Supply chain management software can help businesses transition to a more sustainable and ethical supply chain, enhancing their reputation and consumer confidence.

Regional Analysis

Supply chain management software is crucial for global organizations, streamlining coordination between suppliers, manufacturers, distributors, retailers, and consumers. North America dominates the market with a 34% revenue share, attributed to its strong transport and communication infrastructure, which improves supply chain management and reduces lead and delivery times. Additionally, North America’s high R&D spending further drives its dominance in this market.

Competitive Landscape

 Supply chain management software businesses are developing new technologies and expansion strategies through investments, mergers, and acquisitions. They are focusing more and more on updating the software according to the client’s needs to make it easier to use. In addition, several key players are now focusing on the expansion of new ideas to expand the market growth of supply chain management software.

Make informed business decisions with our sample report, revealing key market insights Click Here To Download/Request a Sample

Scope of Report

Report Attribute Details
Market Value (2022) USD 14.3 Bn
Market Size (2032) USD 35.3 Bn
CAGR (from 2023 to 2032) 9.7%
North America Revenue Share 34%
Historic Period 2016 to 2022
Base Year 2022
Forecast Year 2023 to 2032


Market Drivers

The supply chain management software market is growing due to the increasing urgency of optimizing supply chains. The growth of firms and global trade contribute to the complexity and unmanageability of supply chains. Supply chain management software can help companies save costs and increase efficiency by streamlining processes. Cloud-hosted supply chain management solutions facilitate remote data access, simplifying cooperation and increasing visibility, enabling businesses to improve decision-making and logistics efficiency and reduce costs.

Market Restraints

SCM software faces market restraints due to data security and privacy concerns. It stores supplier and vendor information, consumer data, and financial transactions, making it vulnerable to cyberattacks and theft. Companies must ensure robust security features and comply with data privacy regulations like GDPR and CCPA, as violating these regulations can lead to costly fines and legal issues.

Market Opportunities

Supply chain management software is crucial for businesses to consolidate operations, optimize processes, and save time and money. With increasing demand for transparency, cloud-based solutions, Retail e-commerce, omnichannel retail, and blockchain technology, the market has unprecedented growth potential.

Cloud-based supply chain management solutions are gaining popularity due to their lower costs, scalability, and enhanced security compared to traditional on-premises software. This trend is driving industry expansion and enhancing businesses’ operations.

Maximize your profitability with MarketResearch.Biz – Gain a competitive edge by acquiring this premium report at  https://marketresearch.biz/purchase-report/?report_id=26690

Report Segmentation of the Supply Chain Management Software Market

Type Insight

The supply chain management software market is a rapidly evolving sector, with large enterprises dominating the market due to their need for efficient supply chain management. The demand for these solutions is increasing as global enterprises grow, and the major firms segment is expected to maintain its market dominance. The growth of developing economies like India, China, and Brazil has fueled the popularity of supply chain management software solutions, particularly in the large corporations segment.

Component Insight

The solution segment dominates the supply chain management software market, offering comprehensive solutions for inventory and transportation management. This end-to-end approach is tailored to corporate needs and has been driven by the growth of emerging economies and the expansion of e-commerce platforms. The demand for efficient supply chain management software has been fueled by the need for efficient operations management and the need for tailored solutions.

Deployment Mode Insight

The cloud segment dominates the supply chain management software market, offering flexibility, scalability, and cost-effectiveness for efficient supply chain operations. This web-based solution enables businesses to control operations from anywhere. Emerging economies’ economic growth drives the demand for software that efficiently manages various operations, while e-commerce platforms have fueled the demand for cloud-based solutions.

Uncover valuable statistics and future projections by accessing a sample report for historical and forecast market data spanning 2016 to 2032 at https://marketresearch.biz/report/supply-chain-management-software-market/request-sample

Market Segmentation

Based on Type

  • Small & Medium-Sized Enterprises
  • Large Enterprises

Based on Component

  • Solution
  • Hardware
  • Software
  • Services

Based on Deployment Mode

  • On-premises
  • Cloud

Based On End-Use

  • Healthcare
  • FMCG
  • Retail And E-Commerce
  • Manufacturing
  • Automotive
  • Transportation and Logistics
  • Other End-Use

Key Regions

  • North America
    • The US
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
  • Middle East & Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

Market Key Players

  • Comarch
  • Aspen Technology Inc.
  • IBM Corporation
  • JDA Software Group Inc.
  • Infor
  • Oracle Corporation
  • Kinaxis
  • QAD Inc.
  • Plex Manufacturing Cloud
  • SAP SE
  • Sage
  • Vanguard Software.

Recent Development of the Supply Chain Management Software Market

  • DHL partnered with BluJay Solutions in December 2021, advancing digital transformation by utilizing real-time data analysis, automation, and predictive analytics for better planning and execution.
  • In October 2021, E2open, a cloud-based supply chain software provider, acquired BluJay Solutions, expanding its portfolio to include transportation management and logistics optimization capabilities.

Browse More Related Reports

About Us:

MarketResearch.Biz (Powered by Prudour Pvt Ltd) specializes in in-depth market research and analysis and has been proving its mettle as a consulting and customized market research company, apart from being a much sought-after syndicated market research report-providing firm. MarketResearch.Biz provides customization to suit any specific or unique requirement and tailor-makes reports as per request. We go beyond boundaries to take analytics, analysis, study, and outlook to newer heights and broader horizons.

Follow Us on LinkedIn: https://www.linkedin.com/company/marketresearch-biz/
Follow Us on Facebook: https://www.facebook.com/marketresearch.biz
Follow Us on Twitter: https://twitter.com/PrudourResearch


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website

Published

on

elevate-your-virtual-reality-experience-with-kiwi-design-rgb-vertical-stand,-now-available-on-meta’s-website

LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.

“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
https://www.kiwidesign.com/
https://www.facebook.com/KIWIdesignOfficial
https://www.instagram.com/kiwidesignins/

https://www.youtube.com/channel/UCOzFWarIschBuBfNz01Oucw
TikTok – Make Your Day
Photo – https://mma.prnewswire.com/media/2410344/image.jpg

View original content:https://www.prnewswire.co.uk/news-releases/elevate-your-virtual-reality-experience-with-kiwi-design-rgb-vertical-stand-now-available-on-metas-website-302142936.html

Continue Reading

Artificial Intelligence

WIO Taps Gracenote to Revolutionize Television Broadcast Reporting

Published

on

wio-taps-gracenote-to-revolutionize-television-broadcast-reporting

LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.

By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
Logo – https://mma.prnewswire.com/media/2410159/wio_gracenote.jpg
Logo – https://mma.prnewswire.com/media/2410160/powered_by_gracenote_logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/wio-taps-gracenote-to-revolutionize-television-broadcast-reporting-302142826.html

Continue Reading

Artificial Intelligence

IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility

Published

on

idtechex-explores-printed-electronics-in-electrified-and-autonomous-mobility

BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.

Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 
Image download:
https://www.dropbox.com/scl/fo/26ylbecu6ztl4larjuycj/AFbRjqvsovp8yj-f9JOQLEg?rlkey=4e2lb1pqbl9rsfzp73bunm57j&st=t60swtdx&dl=0 
Media Contact:
Lucy RogersSales and Marketing [email protected] +44(0)1223 812300
Social Media Links:
Twitter: www.twitter.com/IDTechExLinkedIn: www.linkedin.com/company/IDTechEx
Photo – https://mma.prnewswire.com/media/2408851/IDTechEx_applications.jpg

View original content:https://www.prnewswire.co.uk/news-releases/idtechex-explores-printed-electronics-in-electrified-and-autonomous-mobility-302141570.html

Continue Reading

Trending