Global Digital Supply Chain Market is expected to foresee significant growth. North America to lead the growth!

A supply chain that makes use of digital technologies and data analytics to help make decisions, improve performance, and respond quickly to changing conditions is known as a digital supply chain. In recent years, the demand for digital supply chains has risen dramatically as they facilitate streamlined transactions, they connect various production, distribution, and customer service functions. Moreover, the computerized revolution has accelerated the number of Digital Supply Chains (DSCs) which offer a variety of advantages, such as increased transparency into data streams, decreased cost-of-ownership and greater flexibility.

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The Digital Supply Chain Market is expected to grow at a steady rate of around X% during the forecast period (2022-2030) owing to the increasing adoption of cloud computing solutions. Through increased supply chain automation, cloud technologies give businesses the tools they need to accomplish these and other objectives. Companies can access a variety of digital services through cloud technology, such as predictive modeling and data analytics, to create risk-avoidance plans and avoid supply chain disruptions. Additionally, real-time connections with partners, suppliers, and customers made possible by cloud services speed up decision-making and problem-solving. For instance, recently to give associations supply chains that are versatile, responsive and supportable, Accenture (NYSE: As part of a strategic expansion of their relationship, ACN) stated that it will support Blue Yonder in the engineering and delivery of new capabilities and solutions by utilizing its technology and domain expertise.

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Based on components, the market is bifurcated into solutions and services. During the forecast period, the services sector is anticipated to experience the highest rate of growth as event and supply chain visibility assist businesses in defining crucial aspects of the entire supply chain and managing events in various departments.

On the basis of technology, the market is categorized into IoT, Cloud, GPS Tracking, RFID (radio frequency identification. Among these, the IoT to hold a significant share in the market in 2020. This is mainly due to the advantages IoT offers as compared to its counterparts such as increased visibility, better customer service, and real-time tracking of goods.

Based on industry verticals, the digital supply chain market has been classified into retail & consumer goods, healthcare & pharmaceuticals, manufacturing, foods & beverages, and others. The food & beverages industry is to witness higher revenue during the forecast period because nowadays, consumers demand up-to-date information about the food they consume, which can be obtained through digital media.

Global Digital Supply Chain Market Segmentation

Market Insight, by Components

• Solutions
• Services

Market Insight, by Technologies

• Cloud
• GPS Tracking
• RFID (radio frequency identification)
• Wireless sensors network
• Others

Market Insight, by Industry Verticals

• Retail & Consumer Goods
• Healthcare & Pharmaceuticals
• Manufacturing
• Foods & Beverages
• Others

Market Insight, by Region

• North America
  • US
  • Canada
  • Rest of North America
• Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• Cloudera, Inc.
• IBM Corporation
• SAP SE
• MicroStrategy, Inc.
• TIBCO Software, Inc.
• SAS Institute, Inc.
• Salesforce.com, Inc.
• Oracle Corporation
• Software AG
• Infor, Inc.