Global Supply Chain Management Software Market to Double by 2030 Amid Sustainability and Digital Orchestration Trends
Industry Experts, Inc. published a new market research report, " Global Supply Chain Management (SCM) Software Market - Applications, Deployment Types, Company Types, and Industry Sectors" , projecting that worldwide SCM software revenues will rise from US$23 billion in 2024 to US$46 billion by 2030, registering a compound annual growth rate of 12.4% during the 2024 to 2030 forecast period. Key drivers include widespread adoption of cloud-first deployment models, which accounted for 61% of revenues in 2024 and are forecast to grow at a 13.8% CAGR, and integration of AI and machine learning for predictive decision-making and real-time tracking. Sustainability and traceability mandates are embedding carbon tracking and ethical sourcing metrics into SCM workflows, while modular, interoperable platforms from vendors such as SAP, Oracle and Kinaxis are enabling scenario planning, embedded analytics and control tower capabilities. North America led the market in 20...