Digital Supply Chain Market: Current Analysis and Forecast (2022-2028)
Emphasis on Components (Solutions, and Services); Technologies (IoT, Cloud, GPS Tracking, RFID (radio frequency identification), Wireless sensors network, and others); Industry Verticals (Retail & Consumer Goods, Healthcare & Pharmaceuticals, Manufacturing, Foods & Beverages, Others); and Region/Country
The Digital Supply Chain market was valued at USD x million in 2021 & is expected to grow at a CAGR of x% from 2022-2030. Owing to the increasing advancement in technologies like IoT, cloud services, GPS, etc. 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. Computerized supply chains utilize the information delivered by each step of an inventory network to design successfully and make dynamic reactions when unexpected deferrals emerge. The factors like increased personalization, greater flexibility, and improved planning have propelled the demand in this market. 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. Major companies in the market offer data analytics and big data predictive analysis applications with technologically advanced features.
Some of the major players operating in the market include Cloudera, Inc.; IBM Corporation; SAP SE; MicroStrategy, Inc.; TIBCO Software, Inc.; SAS Institute, Inc.; Salesforce.com, Inc.; Oracle Corporation; Software AG; Infor, Inc.
Insights Presented in the Report
“Amongst components, solutions segment to witness higher CAGR during the forecast period”
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. In the past few years, the adoption of supply chain management solutions has notably increased, which has resulted in the adoption of services associated with supply chain management across different industry verticals
“Amongst technologies, the food & beverages segment to hold a significant share in the market in 2021”
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.
“North America to hold a significant share in the market”
North America is anticipated to grow at the highest CAGR during the forecast period. This is mainly because artificial intelligence (AI), the Internet of Things (IoT), robotics and automation, autonomous automobiles, augmented and virtual reality, digital twins, and 5G networking are the emerging technologies in North America that are driving this trend. Also, major players in the market like IBM Corporation, SAP SE, and Salesforce.com, Inc. continue to invest in organizing various championships for Powersports enthusiasts. For instance, IBM Corporation, and CSCOs are putting in a lot of effort in order to construct digital supply chains that are more intelligent and capable of significantly increasing resilience and performance.
Digital Supply Chain Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Digital Supply Chain market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Digital Supply Chain Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global digital supply chain market were the three major steps undertaken to create and analyze the adoption of digital supply chain in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global digital supply chain market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the digital supply chain market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the digital supply chain market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as components, technologies, and industry verticals. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the digital supply chain market. Further, we conducted factor analysis using dependent and independent variables such as rail type and application type of the digital supply chain market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the digital supply chain market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global digital supply chain market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Digital Supply Chain market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global digital supply chain market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Digital Supply Chain market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of components, technologies, and industry verticals in the global Digital Supply Chain market.
The main objective of the Global Digital Supply Chain Market Study
The current & future market trends of the global Digital Supply Chain market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Digital Supply Chain market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the rail type and application type.
- Define and analysis of the regulatory framework for the Digital Supply Chain industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Digital Supply Chain market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Digital Supply Chain market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
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