Supply Chain Management Software - Armenia

The anticipated revenue in the market segment of Supply Chain Management Software market is forecasted to reach US$3.19m in the year 2024.
This projection indicates a consistent annual growth rate (CAGR 2024-2029) of 7.11%, resulting in a market volume of US$4.50m by the year 2029.
Furthermore, the average Spend per Employee in the Supply Chain Management Software market is expected to reach US$2.30 in 2024.
When compared globally, it is worth noting that United States is projected to generate the highest revenue, amounting to US$10.90bn in 2024.
in Armenia, a country known for its rich history and cultural heritage, also plays a significant role in this market segment.
Armenia is witnessing a surge in demand for Supply Chain Management Software, as businesses aim to optimize their logistics operations and enhance efficiency.

Definition:

The Supply Chain Management Software market covers software applications that support organizations in managing their supply chain activities by providing them with tools to optimize their inventory, manage their suppliers and vendors, and improve their logistics operations. This can help organizations reduce costs, improve customer service, and increase competitiveness.

Products in the Supply Chain Management Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Supply Chain Management Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include SAP, Oracle, Blue Yonder, and Infor.

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Logistics applications, such as NetSuite, Fishbowl, and Brightpearl
Inventory management, such as Zoho Inventory, InventoryCloud, and Ordoro
Production planning, such as Visual Planning, Odoo, and MRPeasy

Analytics software, such as MicroStrategy, Qlik Sense, and Looker
Procurement software, such as SAP Ariba, Kissflow, and Procurify
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

Armenia, a country in the South Caucasus region, has been experiencing a steady growth in the adoption of Supply Chain Management (SCM) software. This trend is driven by several factors that have contributed to the increasing demand for SCM software in the country.

Customer preferences: Armenian businesses are increasingly adopting SCM software to streamline their operations and increase efficiency. The software helps businesses to manage their supply chain processes, including procurement, inventory management, logistics, and distribution. The software also provides real-time data analytics, which enables businesses to make informed decisions and optimize their supply chain processes.

Trends in the market: The SCM software market in Armenia is growing due to the increasing demand for automation and digitization of supply chain processes. Armenian businesses are seeking to automate their supply chain processes to reduce manual labor and increase efficiency. The market is also being driven by the increasing adoption of cloud-based SCM software, which provides businesses with greater flexibility and scalability.

Local special circumstances: Armenia has a growing technology industry, which is driving the demand for SCM software. The country has a highly skilled workforce, and the government is actively promoting the development of the technology industry. Additionally, Armenia is strategically located between Europe and Asia, making it an attractive location for businesses looking to expand their operations in the region.

Underlying macroeconomic factors: Armenia has a growing economy, with a GDP growth rate of around 7% in recent years. The country has a favorable business environment, with a low tax rate and a simplified tax system. Additionally, Armenia has a highly educated workforce, with a strong focus on science, technology, engineering, and mathematics (STEM) education. These factors have contributed to the growth of the technology industry and the adoption of SCM software in the country.In conclusion, the SCM software market in Armenia is growing due to the increasing demand for automation and digitization of supply chain processes. Armenian businesses are seeking to streamline their operations and increase efficiency, and SCM software provides them with the tools to achieve this. The growing technology industry, favorable business environment, and highly educated workforce are contributing to the growth of the market.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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