Supply Chain Management Software Market Size, Share, Growth Analysis, By Software Type (Purchasing Management Software and Inventory Management Software), By Deployment Mode (On-premises, Cloud-based), By Organisation Size (SMEs, Large Enterprises), By Industry Vertical (Healthcare & Pharmaceuticals, Manufacturing), By Region - Industry Forecast 2024-2031

North America accounted for a market size of 39.2% in 2023 and is estimated to dominate the market during the forecast period. The large adoption rate of such software in the region, the fact that the industry is growing technologically and other major players in this sector such as IBM, Microsoft, Telus International, Infor are a factor another major contributor to the growth of the market. SCM software in the US. are numerous and contribute significantly to revenue. The supply chain management software market in the US. is growing significantly and accounts for the largest revenue share of 74.2% in 2022. Adoption of advanced technologies such as artificial intelligence, data analytics and automation to increase visibility, traceability and efficiency in the supply chain.

Asia-Pacific is expected to register the highest growth rate of 14.4% during the forecast period. The growing market in the region is attributed to the growing opportunities in the region along with various investments in SCM. The infrastructure sector in China is growing exponentially due to the growing e-commerce industry, government support for technological development and infrastructure development, especially initiatives such as the Belt and Road Initiative (BRI), which create a demand for increases in terms of sophisticated solutions in online and offline channels.