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According to the latest research report, the global supply chain management software market size reached US$ 18.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.0 Billion by 2032, exhibiting a growth rate (CAGR) of 11.1% during 2024-2032.
Currently, the e-commerce industry is experiencing a significant increase in the adoption of Supply Chain Management (SCM) software for the automation of processes, inventory management, order tracking, and synchronization of operations and vendor relationships. This adoption is a primary factor driving the ongoing growth of the market. Additionally, there is a growing demand for cloud-based SCM software to expedite the manufacturing cycle, ensure quality, enhance scalability, and address disruptions, further contributing to market growth. Furthermore, small and medium-sized enterprises (SMEs) are increasingly utilizing SCM software due to rapid business expansion, globalized supply chains, and expanded selling destinations, creating a favorable market outlook. In parallel, the healthcare industry is witnessing an increasing deployment of SCM software to streamline medical supply distribution and inventory supervision, providing support to market growth. Moreover, the aviation industry is experiencing a rising demand for SCM software to manage crew, flights, passenger logistics, and aircraft, which is reinforcing the growth of the market.
Explore full report with Table of Contents: https://www.imarcgroup.com/supply-chain-management-software-market
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