Supply Chain Management Software - Tanzania

In 2024, the projected revenue for the Supply Chain Management Software market in Tanzania is expected to reach US$5.00m.
This market segment is also forecasted to experience an annual growth rate of 9.29% from 2024 to 2029, resulting in a market volume of US$7.79m by 2029.
Furthermore, the average Spend per Employee in the Supply Chain Management Software market is projected to reach US$0.15 in 2024.
In a global comparison, United States is expected to generate the highest revenue in this market segment, with a projected revenue of US$10.90bn in 2024.
Tanzania's growing logistics and transportation sector is driving the demand for advanced 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 Tanzanian market has been experiencing a gradual shift towards digitalization in recent years, and the Supply Chain Management Software market is no exception.

Customer preferences: With the increasing demand for efficient supply chain management, businesses in Tanzania are turning towards Supply Chain Management Software to streamline their operations. This software enables businesses to track inventory, manage orders, and monitor the movement of goods in real-time. The software also allows for better communication between suppliers, manufacturers, and retailers, which is crucial for ensuring timely delivery of goods.

Trends in the market: The Tanzanian Supply Chain Management Software market is witnessing a surge in demand due to the rising need for efficient logistics and supply chain management. The market is also being driven by the growth of e-commerce businesses in the country. The rise of e-commerce has led to an increase in demand for Supply Chain Management Software as businesses seek to manage their logistics operations more effectively.

Local special circumstances: Tanzania is a developing country with a growing economy and an expanding middle class. The country's strategic location on the East African coast makes it an ideal hub for trade and commerce. However, the country still faces challenges such as poor infrastructure and a lack of skilled labor. These challenges have made it difficult for businesses to manage their supply chain operations effectively. Supply Chain Management Software is seen as a solution to these challenges as it enables businesses to manage their supply chain operations more efficiently.

Underlying macroeconomic factors: The Tanzanian economy has been growing steadily in recent years, with a focus on industrialization and economic diversification. The government has been investing in infrastructure development, which has led to an increase in foreign investment in the country. The rise of e-commerce and the growing middle class have also contributed to the growth of the Supply Chain Management Software market in Tanzania. As businesses in the country continue to seek ways to improve their supply chain operations, the demand for Supply Chain Management Software is expected to grow further.

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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