Market Insights Technology Software Enterprise Software

Supply Chain Management Software - Serbia

Serbia

Revenue in the Supply Chain Management Software market is projected to reach US$5.75m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 8.84%, resulting in a market volume of US$8.07m by 2028.
The average Spend per Employee in the Supply Chain Management Software market is projected to reach US$1.46 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

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Analyst Opinion

The Supply Chain Management Software market in Serbia has been experiencing steady growth in recent years.

Customer preferences: Serbian companies are increasingly adopting Supply Chain Management (SCM) software to optimize their logistics and inventory management processes. They are looking for software that can provide real-time visibility into their supply chains, improve efficiency, reduce costs, and enhance customer satisfaction. Additionally, companies are seeking solutions that can integrate with their existing enterprise resource planning (ERP) systems.

Trends in the market: One of the key trends in the Serbian SCM software market is the adoption of cloud-based solutions. Companies are increasingly moving away from traditional on-premise software and opting for cloud-based solutions due to their scalability, flexibility, and cost-effectiveness. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) into SCM software. These technologies can help companies automate their supply chain processes, predict demand, and optimize inventory levels.

Local special circumstances: Serbia's strategic location at the crossroads of major European and Asian trade routes has made it an attractive destination for foreign investment. This has led to the development of a robust logistics and transportation industry, which in turn has driven demand for SCM software. Additionally, Serbia's accession to the European Union (EU) has led to the implementation of new regulations and standards related to supply chain management, which has further boosted demand for SCM software.

Underlying macroeconomic factors: Serbia's economy has been growing steadily in recent years, with a focus on attracting foreign investment and developing its export-oriented industries. This has led to an increase in demand for SCM software as companies seek to optimize their supply chains and improve their competitiveness. Additionally, Serbia's IT sector has been growing rapidly, with a large pool of skilled IT professionals and a favorable business environment. This has led to the development of a vibrant software industry, including the SCM software market.

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.