target audience: TECH SUPPLIER Publication date: Dec 2022 - Document type: Market Forecast - Doc Document number: # US49850022
Worldwide Supply Chain Management Applications Forecast, 2022–2026
This IDC study discusses the forecast for the worldwide supply chain management applications market. Off a rebound 2021, this market is expected to see good growth through 2026 as organizations look to both better optimize their supply chain operations in the short term while ensuring they are resilient to market disruptions in the longer term. Clearly, the specter of recession hangs over these markets, but as of now, IDC does not see signals to temper the forecast for now, though that may change as we move materially into 2023. Indeed, IDC surveys suggest that while supply chain executives are mindful of operational efficiency in the short term, they recognize the importance of the supply chain as an enabler of new business models. Growth in the supply chain management applications market will be driven by both this short-term and long-term focus.
"In today's disruptive environment, the supply chain is critical for businesses to meet their performance targets. Without the use of modern tools, supply chains simply cannot compete at the levels necessary for competitive differentiation. SCM investments are both a competitive necessity and key to driving a differentiating edge over peers," says Simon Ellis, VP, Manufacturing Insights and Worldwide Supply Chain Strategies at IDC.