Supply Chain Management Software - GCC

  • GCC
  • The revenue in the Supply Chain Management Software market is forecasted to reach US$124.60m in 2024 in the GCC.
  • It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 4.81%, leading to a market volume of US$157.60m by 2029.
  • Additionally, the average Spend per Employee in the Supply Chain Management Software market is projected to reach US$3.96 in 2024.
  • In a global context, United States is anticipated to generate the highest revenue of US$10,900.00m in 2024.
  • The GCC region is witnessing a surge in demand for Supply Chain Management Software, as companies strive to optimize their logistics and improve overall efficiency.

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

 
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Analyst Opinion

The demand for Supply Chain Management (SCM) software has been growing in the Gulf Cooperation Council (GCC) region due to the increasing focus on improving supply chain efficiency and reducing operational costs.

Customer preferences:
Customers in the GCC region are increasingly looking for SCM software solutions that offer real-time visibility into their supply chain operations. They prefer software that can integrate with their existing systems and provide end-to-end supply chain visibility. Additionally, there is a growing demand for cloud-based SCM software solutions that offer flexibility and scalability.

Trends in the market:
The SCM software market in the GCC region is expected to grow in the coming years due to the increasing adoption of automation and digitalization in the supply chain industry. The market is also witnessing a shift towards more advanced SCM software solutions that leverage technologies such as Artificial Intelligence (AI), Machine Learning (ML), and Internet of Things (IoT) to optimize supply chain operations. Furthermore, there is a rising trend towards the adoption of blockchain technology in the supply chain industry, which is expected to further boost the demand for SCM software solutions.

Local special circumstances:
The GCC region is home to some of the world's largest logistics and transportation companies, which are driving the demand for SCM software solutions. Additionally, the region's strategic location between Asia, Europe, and Africa makes it an important hub for global trade, further increasing the demand for SCM software solutions. Moreover, the region's growing e-commerce industry is also driving the demand for SCM software solutions that can help companies manage their supply chain operations more efficiently.

Underlying macroeconomic factors:
The GCC region is witnessing a shift towards a knowledge-based economy, with a focus on innovation and technology. This is driving the adoption of digital solutions such as SCM software in the region. Additionally, the region's governments are investing heavily in infrastructure development, which is expected to further boost the demand for SCM software solutions. Furthermore, the region's favorable business environment, with low tax rates and a supportive regulatory framework, is attracting foreign investment, which is expected to further drive the growth of the SCM software market 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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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