About Digital Supply Chain
The digital supply chain is mainly a term that defines the supply chain whose grounds are built on Web-enabled capabilities. Presently, there are many systems that are hybrid, which means that the supply chains are normally used as a mixture of paper-based as well as IT-enabled processes. A truly digital supply chain management drives beyond the predictable hybrid system and further makes use of connectivity, the information, and system integration producing capabilities which are the key components. Digital supply chains aim at minimizing the waste and thereafter bringing greater profits, while also being a truly efficient system. The digital supply chain system once fully established would bring about benefits such as savings in almost every area, better utilization of the time and money, and not forgetting would present a drastically reduced environmental impact. Unchallenged efficiency and a much better client connection would be recognized by the deployment of this technology so as to aid the functionality. For instance, technologies like GPS tracking, radio frequency identification (RFID), barcodes, smart labels, and wireless sensor networks. For following such a setup, the performance and data security would be the key, and also the cloud technologies that are working with Web services for providing an efficient collaboration and visibility of the trade partner.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Supply Chain market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), HCL Technologies (India), SAP SE (Germany), Oracle Corporation (United States), Wipro (India), Colgate-Palmolive (United States), Accenture (Ireland), Capgemini (France), Cognizant (United States) and Tata (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Corning Inc. (United States) and Dell EMC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Digital Supply Chain market by Type (Consulting & Planning, Integration, Professional and Support & Maintenance), Application (Small and Medium Enterprises and Large Enterprises) and Region.
On the basis of geography, the market of Digital Supply Chain has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Retail & E-Commerce will boost the Digital Supply Chain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Web-Based will boost the Digital Supply Chain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Collaboration and Tie Up Of Leading Players, Increase in the Value-Oriented Consumers and Upsurge Demand for Machine Learning and Artificial Intelligence.
Market Growth Drivers:
Capability to Quickly Deliver High Impact Enterprise Class Solutions with Minimal Disruption, Growth of Retail and Consumer Packaged Goods Industry and Increase in Requirement for Managing Logistics Services
Challenges:
Integration with Existing Tools and Systems have Anticipated to be the Challenge the Market.
Restraints:
Sophisticated Programming In digital process automation Hampers the Global Market.
Opportunities:
Use of Advanced Robotics And Machine Learning in Supply Chain and The Proliferation of Streamline Business Processes that Leads to Grow the Digital Supply Chain Market.
Market Leaders and their expansionary development strategies
In December 2023, SupplyOn Acquires Ivalua, this merger combines two leading procurement technology providers, strengthening their position in the market and offering a comprehensive suite of solutions for procurement automation and spend management.
In September 2023, SAP Introduces S/4HANA Cloud for Advanced Supply Chain Management, this cloud-based solution offers real-time visibility and control over the entire supply chain, enabling companies to optimize operations and respond quickly to changing market conditions.
Key Target Audience
Providers of Digital Supply Chain, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.