Key regions: Canada, Netherlands, France, South Korea, Australia
The demand for Supply Chain Management Software (SCMS) in India has been growing rapidly in recent years.
Customer preferences: Indian companies are increasingly adopting technology solutions to streamline their supply chain operations. The SCMS market in India is driven by the need for better visibility, agility, and cost optimization in supply chain management. The growing complexity of supply chain networks, coupled with the need for real-time tracking and monitoring of goods, has led to the adoption of SCMS solutions by companies across various industries.
Trends in the market: One of the key trends in the SCMS market in India is the adoption of cloud-based solutions. Cloud-based SCMS solutions offer several benefits such as scalability, flexibility, and cost-effectiveness. Indian companies are increasingly adopting cloud-based SCMS solutions to reduce their IT infrastructure costs and improve their supply chain operations.Another trend in the SCMS market in India is the integration of artificial intelligence (AI) and machine learning (ML) technologies. AI and ML technologies are being used to optimize supply chain operations by predicting demand, identifying potential disruptions, and optimizing inventory levels. Indian companies are increasingly adopting AI and ML-based SCMS solutions to improve their supply chain efficiency and reduce costs.
Local special circumstances: The Indian SCMS market is characterized by the presence of both local and global players. Local players offer customized solutions that cater to the specific needs of Indian companies. Global players, on the other hand, offer solutions that are standardized and have a global appeal. Indian companies prefer local players as they offer customized solutions that are tailored to the specific needs of the Indian market.
Underlying macroeconomic factors: The Indian economy is expected to grow at a steady pace in the coming years. The government's initiatives such as 'Make in India' and 'Digital India' are expected to drive growth in the manufacturing and technology sectors, which in turn will fuel the demand for SCMS solutions. The increasing focus on e-commerce and the growth of the retail sector are also expected to drive the demand for SCMS solutions in India.
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.
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