Market Insights Technology Software Enterprise Software

Supply Chain Management Software - Canada

Canada

Revenue in the Supply Chain Management Software market is projected to reach US$0.65bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 3.64%, resulting in a market volume of US$0.75bn by 2028.
The average Spend per Employee in the Supply Chain Management Software market is projected to reach US$30.71 in 2024.
In global comparison, most revenue will be generated in the United States (US$10,230.00m in 2024).

Key regions: Canada, Netherlands, France, South Korea, Australia

Market

Region

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Currency

Analyst Opinion

The Supply Chain Management Software market in Canada has been steadily growing in recent years as companies are increasingly adopting technology to streamline their operations and improve efficiency.

Customer preferences: Canadian companies are increasingly looking for integrated solutions that can manage their entire supply chain from end-to-end. This includes solutions that can handle procurement, inventory management, logistics, and transportation. Additionally, there is a growing demand for cloud-based solutions that can be accessed from anywhere, at any time.

Trends in the market: One of the major trends in the Canadian Supply Chain Management Software market is the adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies are being used to optimize supply chain operations, improve forecasting accuracy, and reduce costs. Another trend is the use of blockchain technology to improve supply chain transparency and traceability.

Local special circumstances: Canada's unique geography and large land mass present logistical challenges for companies operating in the country. This has led to a growing demand for transportation and logistics solutions that can help companies manage their supply chain more efficiently. Additionally, the country's strict regulations around food safety and product quality have led to a growing demand for supply chain solutions that can ensure compliance.

Underlying macroeconomic factors: Canada's strong economy and stable political climate have made it an attractive destination for foreign investment. This has led to a growing number of multinational companies operating in the country, which has in turn increased demand for supply chain management solutions. Additionally, the country's aging population and low birth rate have led to a shrinking labor force, which has made it increasingly important for companies to automate their operations and improve efficiency.

Methodology

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.