Supply Chain Management Software - Finland

The projected revenue in the Supply Chain Management Software market in Finland is estimated to reach US$101.20m in 2024.
It is expected to showcase an annual growth rate (CAGR 2024-2029) of 2.62%, resulting in a market volume of US$115.10m by 2029.
In Finland, the average Spend per Employee in the Supply Chain Management Software market is projected to reach US$35.10 in 2024.
When compared globally, United States is anticipated to generate the highest revenue, reaching US$10.90bn in 2024.
Finland's strong focus on innovation and technology has led to a thriving market for 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 Finland has been steadily growing in recent years.

Customer preferences: Finnish companies are increasingly seeking to optimize their supply chain processes in order to improve efficiency and reduce costs. This has led to a growing demand for Supply Chain Management Software that can help companies better manage their inventory, transportation, and logistics operations. Additionally, Finnish companies are placing a greater emphasis on sustainability and ethical sourcing, which has led to an increased interest in software solutions that can help them track and monitor their supply chains for compliance with environmental and social standards.

Trends in the market: One of the key trends in the Finnish Supply Chain Management Software market is the growing adoption of cloud-based solutions. Cloud-based software offers several advantages over traditional on-premise solutions, including lower upfront costs, easier scalability, and greater flexibility. Additionally, cloud-based solutions are often more user-friendly and require less IT support, which can be especially beneficial for smaller companies with limited IT resources. Another trend in the market is the increasing use of artificial intelligence (AI) and machine learning (ML) to optimize supply chain processes. These technologies can help companies better predict demand, optimize inventory levels, and improve transportation planning.

Local special circumstances: One of the unique challenges facing Finnish companies is the country's geography. Finland is a large country with a relatively small population, which can make transportation and logistics operations more complex and expensive. Additionally, Finland has a harsh climate with long, cold winters, which can further complicate logistics operations. As a result, Finnish companies are particularly interested in software solutions that can help them optimize their transportation and logistics operations.

Underlying macroeconomic factors: Finland has a highly developed economy with a strong focus on technology and innovation. The country is home to several large technology companies, including Nokia and Rovio (the makers of Angry Birds), as well as a thriving startup scene. This focus on technology has helped drive demand for Supply Chain Management Software, as companies seek to leverage technology to improve their operations. Additionally, Finland is a member of the European Union, which has helped facilitate trade with other EU countries and provided access to a large market for Finnish companies.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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