Market Insights Technology Software Enterprise Software

Supply Chain Management Software - Israel

Israel

Revenue in the Supply Chain Management Software market is projected to reach US$104.30m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.29%, resulting in a market volume of US$123.40m by 2028.
The average Spend per Employee in the Supply Chain Management Software market is projected to reach US$24.40 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

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Currency

Analyst Opinion

The Supply Chain Management Software market in Israel has been experiencing significant growth in recent years.

Customer preferences: Israeli companies are increasingly adopting Supply Chain Management Software to optimize their supply chain processes, reduce costs, and improve efficiency. The software is particularly popular among large companies with complex supply chains, as it enables them to manage their operations more effectively and make better-informed decisions. Additionally, Israeli companies are increasingly demanding cloud-based software solutions, as they offer greater flexibility and scalability.

Trends in the market: One of the key trends in the Israeli Supply Chain Management Software market is the adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies enable companies to automate many of their supply chain processes, such as demand forecasting and inventory management, and make more accurate predictions. Another trend is the increasing use of blockchain technology to enhance supply chain transparency and security.

Local special circumstances: One of the unique aspects of the Israeli market is the country's strong focus on innovation and technology. Israel is home to a thriving startup ecosystem, with many companies developing cutting-edge technologies in areas such as AI, ML, and blockchain. This has led to the development of a range of innovative Supply Chain Management Software solutions that are tailored to the needs of Israeli companies.

Underlying macroeconomic factors: Israel's strong economy and high-tech industry have helped to drive the growth of the Supply Chain Management Software market. The country has a highly skilled workforce and a culture of innovation, which has enabled it to develop a range of world-class software solutions. Additionally, Israel's strategic location at the crossroads of Europe, Asia, and Africa has made it an attractive location for companies looking to expand their operations in the region.

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.