Japan Supply Chain Management (SCM) Market Analysis 2020-2030
Supply chain management is a process of managing the flow of goods and services across various industry verticals. These tools assist in the management and optimization of all processes that are linked to the transformation of raw materials into final products and the subsequent processes and activities. The various SCM software acts as a platform that optimizes and streamlines the industries' business processes in terms of the supply chain. The Japan supply chain management (SCM) market is anticipated to grow with a CAGR of 5.8% over the forecast period, i.e., 2021 – 2030. Factors such as the growing e-commerce industry in the country, backed by the surge in internet penetration amongst the individuals, followed by the growing need amongst business organizations to streamline their existing processes and make it more effective via automated technologies, are anticipated to drive the growth of the Japan supply chain management (SCM) market during the forecast period. The market is estimated to garner a revenue of over USD 1490 Million by the end of 2030, up from a revenue of close to USD 860 Million in the year 2020.
The Japan supply chain management (SCM) market is segmented by numerous segments, which include segmentation by component, solution, deployment mode, enterprise size, and by industry vertical. On the basis of component, the market is segmented into software and services. Out of these, the software segment is anticipated to grow with the highest CAGR of 6% approximately during the forecast period and further hold the highest market share by the end of 2030.
The Japan supply chain management (SCM) market is also segmented by solution into inventory optimization, sales & operations planning, response & study planning, product lifecycle management, intelligent track & trace, and others. Amongst these, the product lifecycle management segment generated the largest market revenue of around USD 250 Million in 2020. Further, the segment is projected to cross USD 410 Million by the end of 2030.
Some of the prominent industry leaders in the Japan supply chain management (SCM) market that are included in our report are SAP SE, Oracle Corporation, Infor, International Business Machines Corporation, Coupa Software Inc., Zycus Inc., Epicor Software Corporation, Blue Yonder Group, Inc., The Descartes Systems Group Inc., Kinaxis Inc., and others.