SCM Trends Analysis Report by Type (Supply Ch...

SCM Trends Analysis Report by Type (Supply Chain Planning, Procurement, Supply Chain Execution), By Region, And Segment Forecasts, 2022 - 2028

Author Name : Prof. Vishwanath Kumbar, Dr. Shashank M Hiremath

ABSTRACT

The global supply chain management market size was valued at USD 16.64 billion in 2021 and is expected to expand at a CAGR of 10.8% from 2022 to 2028. The increasing demand and usage of supply chain management software and services by various enterprises and industries to effectively manage all the data generated in the business and enhance business operations are expected to propel market growth. Additionally, the rapidly growing adoption of information technology and technical breakthroughs improves and supports the overall supply chain, contributing to the market expansion. The COVID-19 outbreak had a positive impact on the supply chain management market. A significant surge has been observed due to increased usage of supply chain management during the COVID-19 pandemic to predict and meet the demand and supply requirements.