Global Digital Supply Chain Market Overview:
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 |
---|
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:
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.
Competitive Landscape:
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Corning Inc. (United States) and Dell EMC (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Digital Supply Chain market by 2028. Considering Market by Industry Vertical, the sub-segment i.e. Retail & E-Commerce will boost the Digital Supply Chain market. Considering Market by Deployment, the sub-segment i.e. Web-Based will boost the Digital Supply Chain market.
Latest Market Insights:
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.
What Can be Explored with the Digital Supply Chain Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Digital Supply Chain Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Digital 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 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 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 Providers of Digital Supply Chain, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies 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.