Market Insights Technology Software Enterprise Software

Supply Chain Management Software - China

China

China is expected to contribute significantly to the revenue growth in the Supply Chain Management Software market.
According to projections, the revenue in this market is projected to reach US$0.79bn in 2024.
This indicates a promising growth potential for the country.
Furthermore, the market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 9.08%, resulting in a market volume of US$1.22bn by 2029.
Another important metric to consider is the average Spend per Employee in the Supply Chain Management Software market.
It is projected to reach US$1.01 in 2024, which demonstrates the level of investment companies are willing to make in this sector.
In terms of global comparison, United States is expected to generate the highest revenue in the Supply Chain Management Software market, with an estimated revenue of US$10,900.00m in 2024.
However, in China is poised to make significant strides in this market and is likely to play a pivotal role in its future growth.
China's growing e-commerce sector is driving increased demand for supply chain management software solutions in the country.

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

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Analyst Opinion

The Supply Chain Management Software market in China has been witnessing significant growth in recent years.

Customer preferences: Chinese customers are increasingly adopting Supply Chain Management Software to improve their operational efficiency, reduce costs and enhance their competitiveness. The software helps them to manage their supply chain more effectively by providing real-time visibility into their inventory, orders, shipments, and deliveries.

Trends in the market: One of the key trends in the Supply Chain Management Software market in China is the increasing adoption of cloud-based solutions. Cloud-based solutions offer several advantages such as scalability, flexibility, and cost-effectiveness, which are driving their adoption among Chinese businesses.Another trend in the market is the growing demand for integrated solutions that can manage the entire supply chain process from procurement to delivery. Integrated solutions offer a more holistic view of the supply chain, enabling businesses to identify and address bottlenecks and inefficiencies more effectively.

Local special circumstances: China's rapidly growing e-commerce market is also driving the adoption of Supply Chain Management Software. The e-commerce market in China has been growing at a rapid pace, driven by rising incomes, increasing internet penetration, and changing consumer preferences. This has led to a significant increase in demand for logistics and warehousing services, which has in turn driven the adoption of Supply Chain Management Software.

Underlying macroeconomic factors: China's growing economy and increasing focus on innovation and technology are also driving the growth of the Supply Chain Management Software market. The Chinese government has been actively promoting the adoption of technology and innovation across various industries, including logistics and supply chain management. This has led to the emergence of several innovative solutions in the market, which are driving the growth of the Supply Chain Management Software market in China.

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.