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Supply Chain Management Software - Bhutan

Bhutan

The projected revenue in the Supply Chain Management Software market for the country of Bhutan is estimated to reach US$276.00k by the year 2024.
It is expected that the revenue in this market will demonstrate an annual growth rate of 8.28% (CAGR 2024-2029), resulting in a market volume of US$410.80k by 2029.
Furthermore, the average spend per employee in the Supply Chain Management Software market is projected to reach US$0.70 in 2024.
When compared globally, it is anticipated that United States will generate the highest revenue, with an estimated amount of US$10,900.00m in the year 2024.
Bhutan's booming e-commerce industry has increased the demand for advanced supply chain management software solutions.

Key regions: Netherlands, Germany, Australia, Canada, France

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Analyst Opinion

The adoption of Supply Chain Management Software (SCMS) in Bhutan has been on the rise in recent years.

Customer preferences: Bhutanese companies have been increasingly adopting SCMS to streamline their supply chain operations and improve efficiency. The software helps them manage inventory, track shipments, and optimize transportation routes. Additionally, companies are able to gain real-time visibility into their supply chain, enabling them to make data-driven decisions and improve customer service.

Trends in the market: One of the key trends in the SCMS market in Bhutan is the growing popularity of cloud-based solutions. Cloud-based SCMS allows companies to access the software from anywhere, at any time, and eliminates the need for expensive hardware and software installations. Another trend is the adoption of mobile SCMS applications, which enable companies to manage their supply chains on-the-go.

Local special circumstances: Bhutan is a small, landlocked country with limited infrastructure, which can make transportation and logistics challenging. As a result, companies in Bhutan are increasingly turning to SCMS to help them optimize their supply chain operations and reduce costs. Additionally, Bhutan has a strong focus on Gross National Happiness (GNH), which prioritizes the well-being of citizens over economic growth. This has led to a greater emphasis on sustainability and ethical business practices in the country.

Underlying macroeconomic factors: Bhutan's economy is largely driven by the hydropower sector, which accounts for a significant portion of the country's exports. However, the government has been working to diversify the economy and promote private sector growth. This has led to an increase in the number of businesses operating in Bhutan, which in turn has created a greater demand for SCMS. Additionally, Bhutan's location between India and China makes it an attractive market for companies looking to expand their operations in the region.

Methodology

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.