Market Insights Technology Software Enterprise Software

Supply Chain Management Software - United Kingdom

United Kingdom

Revenue in the Supply Chain Management Software market is projected to reach US$1.05bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.89%, resulting in a market volume of US$1.32bn by 2028.
The average Spend per Employee in the Supply Chain Management Software market is projected to reach US$29.67 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 United Kingdom has been experiencing steady growth in recent years.

Customer preferences: Customers in the United Kingdom are increasingly demanding more efficient and streamlined supply chain processes. This has led to a growing interest in Supply Chain Management Software that can help businesses optimize their operations and reduce costs. Additionally, there is a growing trend towards cloud-based supply chain solutions, as businesses seek to take advantage of the flexibility and scalability offered by these platforms.

Trends in the market: One of the key trends in the Supply Chain Management Software market in United Kingdom is the increasing adoption of automation and artificial intelligence (AI) technologies. This is driven by the need for greater efficiency in supply chain processes, as well as the desire to reduce costs and improve customer service. Another trend is the growing popularity of supply chain analytics tools, which enable businesses to gain greater insights into their operations and make more informed decisions.

Local special circumstances: The United Kingdom has a highly developed logistics and transportation industry, which has helped to drive the growth of the Supply Chain Management Software market. Additionally, the country's position as a global financial center has made it an attractive location for companies looking to invest in supply chain technology.

Underlying macroeconomic factors: The growth of the Supply Chain Management Software market in United Kingdom can be attributed to a number of underlying macroeconomic factors. These include the country's strong economic performance, which has led to increased investment in technology and infrastructure. Additionally, the United Kingdom's position as a hub for international trade has created a favorable environment for supply chain technology companies. Finally, the increasing importance of e-commerce and online retail has driven demand for more efficient and streamlined supply chain processes, which has in turn fueled the growth of the Supply Chain Management 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.