Global Digital Transformation in Supply Chain Market Overview:
Digital transformation in the supply chain is the key to envelop the manual works into automation of the inbound and outbound calculations, services, and invoicing. The goal of IT modernization is to alter support systems to support digital transformation. Digital transformation’s objective is to accomplish business goals at speed, which speed needs IT modernization. Enterprises endeavor these journeys will build a foundation versatile enough to support their supply chain that delivers services to customers, employees, and stakeholders.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Prioritizing the Automation of Company's Fundamental Work Structure
Market Growth Drivers:
Digitalizing Structure Business Functions to Cater Dynamic Client Preferences and Enhance Work Efficiency
Challenges:
Enterprise Adoption for the IT transformation with Technophobic Employees
Restraints:
Data Breaching and Privacy Concerns about Confidential User Data
Opportunities:
Growth in Demand for Customised Survey and Digital Transformation
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Microsoft Inc. (United States), SAP (Germany), Cognizant (United States), IBM (United States), Google, Inc. (United States), Marlabs Inc.(United States), Accenture (Ireland), Broadcom (United States), Equinix, Inc. (United States), Oracle (United States) and Hewlett Packard Enterprise Development LP (United States). Additionally, following companies can also be profiled that are part of our coverage like Scoro Software (United Kingdom), Brillio (United States), Aexonic Technologies (United States), HCL Technologies (India) and Tibco software Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Digital Transformation in Supply Chain market by 2028. Considering Market by Deployement Type, the sub-segment i.e. On-Premise will boost the Digital Transformation in Supply Chain market. Considering Market by Enterprise Size, the sub-segment i.e. Small and Medium-Size Enterprise will boost the Digital Transformation in Supply Chain market. Considering Market by Technology, the sub-segment i.e. Cloud Computing will boost the Digital Transformation in Supply Chain market.
Latest Market Insights:
In October 2023, Microsoft and Accenture collaborated to develop a cloud-based supply chain platform powered by Microsoft Azure. This platform targets small and medium-sized businesses looking to modernize their supply chains.
In November 2023, SAP and Honeywell partnered to integrate Honeywell's supply chain management solutions with SAP's enterprise resource planning (ERP) software. This partnership aims to provide end-to-end visibility and optimization for manufacturers.
What Can be Explored with the Digital Transformation in Supply Chain Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Digital Transformation in Supply Chain Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Digital Transformation in Supply Chain
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Digital Transformation in Supply Chain market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Digital Transformation in Supply Chain market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Digital Transformation in Supply Chain Service Provider, Data Consultancy Firms, Software Management Firms, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.