Market Size of U.S. Supply Chain Management Software Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.35 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Supply Chain Management Software Market Analysis
United States Supply Chain Management Software Market would witness market growth of 4.35% CAGR during the forecast period. SCM software is a real-time analytical platform, and it is used to manage the flow of products and various kinds of information across the supply chain network. Demand for transportation management systems (TMS) software would add to the market expansion during the forecast period. On the other hand, inefficient IT infrastructure in underdeveloped nations and growing security & privacy concerns would limit the growth of the supply chain management software market in the US.
- COVID-19 pandemic is expected to trigger a positive demand for supply chain management software in the US, on account of increased logistics supply-demand in the country, especially for FMCG and essential goods.
- Needs for data insights, customer analysis, and all kinds of business processes have strongly increased due to digitization and data collected online by companies. This development drives the demand for Enterprise Software, especially Business Intelligence (BI) Software. Next to BI, Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Supply Chain Management (SCM) Software is included in the Enterprise Software segment. In general, Enterprise Software supports the digitization processes of companies and accounts for almost half of total software revenues. CRM is the leading Enterprise Software segment as customer orientation is important in digital business environments to stand out from the competition.
