Supply Chain Management Software - Saudi Arabia

The projected revenue in the Supply Chain Management Software market in Saudi Arabia is estimated to reach US$45.70m in 2024.
It is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 5.00%, resulting in a market volume of US$58.31m by 2029.
Moreover, the average Spend per Employee in the Supply Chain Management Software market in Saudi Arabia is projected to reach US$2.76 in 2024.
In global comparison, United States is anticipated to generate the highest revenue, amounting to US$10.90bn in 2024.
Saudi Arabia is experiencing a surge in demand for Supply Chain Management Software as companies seek to enhance operational efficiency and optimize their supply chain networks.

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 Saudi Arabia is experiencing significant growth due to various factors.

Customer preferences: Saudi Arabian companies are increasingly adopting digital technologies to streamline their operations and enhance efficiency. This has led to a growing demand for Supply Chain Management Software solutions that can help manage complex supply chains and optimize logistics operations. Additionally, the COVID-19 pandemic has accelerated the need for digital transformation, as companies look for ways to adapt to the new normal.

Trends in the market: One of the key trends in the Supply Chain Management Software market in Saudi Arabia is the increasing adoption of cloud-based solutions. Cloud-based solutions offer several advantages, including scalability, flexibility, and cost-effectiveness. Another trend is the growing use of artificial intelligence and machine learning technologies to optimize supply chain operations. These technologies can help companies predict demand, optimize inventory levels, and improve delivery times.

Local special circumstances: Saudi Arabia is the largest economy in the Middle East and North Africa (MENA) region, and is home to several large companies in industries such as oil and gas, petrochemicals, and construction. These companies have complex supply chains that require sophisticated management tools. Additionally, the Saudi Arabian government has launched several initiatives to promote digital transformation and support the growth of the technology sector.

Underlying macroeconomic factors: Saudi Arabia is undergoing a period of economic diversification, as it seeks to reduce its dependence on oil revenues and develop new industries. The government has identified technology as a key growth sector, and has launched several initiatives to support the development of the technology ecosystem. Additionally, the country has a young and tech-savvy population, which is driving demand for digital solutions. These factors are contributing to the growth of the Supply Chain Management Software market in Saudi Arabia.

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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