Supply Chain Management Software - Central Asia

In 2024, the projected revenue in the Supply Chain Management Software market in Central Asia is expected to reach US$45.19m.
This market segment is estimated to experience an annual growth rate of 8.10% (CAGR 2024-2029), resulting in a market volume of US$66.71m by 2029.
Furthermore, the average Spend per Employee in the Supply Chain Management Software market is projected to reach US$1.41 in 2024.
When comparing global revenue, it is anticipated that United States will generate the highest revenue in the Supply Chain Management Software market, amounting to US$10.90bn in 2024.
Central Asia's growing economy and increasing global trade have driven the demand for advanced Supply Chain Management Software solutions in the region.

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

Supply Chain Management Software (SCMS) is an essential tool for companies to optimize their supply chain operations, and it has been gaining popularity in Central Asia in recent years. The region has seen an increase in demand for SCMS due to growing awareness of the benefits of these solutions and the need to improve supply chain efficiency.

Customer preferences: Central Asian companies are increasingly turning to SCMS to help them manage their supply chain operations. This is due to the many benefits that these solutions offer, including increased visibility, improved efficiency, and reduced costs. Companies are also looking for solutions that can help them manage their inventory levels, track shipments, and improve their overall supply chain performance.

Trends in the market: One of the key trends in the SCMS market in Central Asia is the growing adoption of cloud-based solutions. Cloud-based solutions offer many benefits over traditional on-premise solutions, including lower costs, greater flexibility, and easier scalability. Another trend in the market is the increasing use of artificial intelligence (AI) and machine learning (ML) to improve supply chain operations. These technologies can help companies better predict demand, optimize inventory levels, and improve delivery times.

Local special circumstances: The SCMS market in Central Asia is unique in that it is still in the early stages of development. Many companies in the region are only just starting to adopt these solutions, and there is still a great deal of room for growth. This presents both opportunities and challenges for vendors operating in the market. On the one hand, there is a large untapped market that vendors can target. On the other hand, there is a need to educate potential customers about the benefits of SCMS and build awareness of these solutions in the region.

Underlying macroeconomic factors: The SCMS market in Central Asia is being driven by a number of underlying macroeconomic factors. One of the key drivers is the region's growing economy, which is leading to increased demand for goods and services. This, in turn, is putting pressure on companies to improve their supply chain operations to meet the needs of their customers. Another factor driving the market is the increasing globalization of trade. As more companies in the region look to expand their operations overseas, they are realizing the need to improve their supply chain operations to compete in the global marketplace. Finally, the region's strategic location between Europe and Asia is making it an increasingly important hub for trade, further driving demand for SCMS solutions.

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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These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.