Supply Chain Management Software - Estonia

The projected revenue in the Supply Chain Management Software market of Estonia is expected to reach US$3.22m in 2024.
This indicates a positive growth trend, with an annual growth rate (CAGR 2024-2029) of 3.71%, resulting in a market volume of US$3.87m by 2029.
In terms of average spend per employee, it is projected to reach US$4.27 in 2024.
When compared globally, it is worth noting that United States is expected to generate the highest revenue in the Supply Chain Management Software market, reaching US$10.90bn in 2024.
"Estonia, known for its advanced digital infrastructure, is witnessing a surge in the adoption of cloud-based supply chain management software solutions."

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

The Supply Chain Management Software market in Estonia has been steadily growing in recent years.

Customer preferences: Estonian companies are increasingly adopting Supply Chain Management Software to improve their operational efficiency and reduce costs. The software provides real-time visibility into the supply chain, enabling companies to make data-driven decisions and optimize their processes. Additionally, the software can help companies manage their inventory levels, reduce lead times, and improve customer service.

Trends in the market: One of the key trends in the Supply Chain Management Software market in Estonia is the adoption of cloud-based solutions. Cloud-based software is becoming increasingly popular as it allows companies to access the software from anywhere, at any time, and on any device. This provides greater flexibility and scalability, making it easier for companies to adapt to changing market conditions. Another trend is the integration of artificial intelligence and machine learning into Supply Chain Management Software. These technologies can help companies automate their processes, predict demand, and optimize their operations.

Local special circumstances: Estonia is a small country with a highly digitalized economy. The country has a well-developed IT sector and is home to many innovative startups. This has created a favorable environment for the development of Supply Chain Management Software. Additionally, Estonia's location on the Baltic Sea makes it an important hub for trade between Europe and Asia. This has led to a high demand for efficient supply chain solutions.

Underlying macroeconomic factors: Estonia has a stable and growing economy, with a strong focus on innovation and technology. The country has a favorable business environment, with low taxes and a supportive government. Additionally, Estonia is a member of the European Union, which provides access to a large market of potential customers. These factors have contributed to the growth of the Supply Chain Management Software market in Estonia.

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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