Research Nester published a report titled “Japan Supply Chain Management (SCM) Market: Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the Japan supply chain management (SCM) market in terms of market segmentation by component, solution, deployment mode, enterprise size, and by industry vertical.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The Japan supply chain management (SCM) market is anticipated to grow with a CAGR of 5.8% over the forecast period, i.e., 2021 – 2030. The market is segmented by solution into inventory optimization, sales & operations planning, response & study planning, product lifecycle management, intelligent track & trace, and others, out of which, the product lifecycle management segment generated the largest market revenue of USD 249.6 Million in 2020, and is further projected to touch USD 414.0 Million by the end of 2030.
The Japan supply chain management (SCM) market is also segmented by component into software and services, out of which, the software segment is anticipated to grow with the highest CAGR of 5.90% during the forecast period and further hold the highest market share by the end of 2030.
The Japan supply chain management (SCM) market is estimated to garner a revenue of USD 1490.3 Million by the end of 2030, up from a revenue of USD 857.1 Million in the year 2020. Growing need amongst business organizations to streamline their existing supply chain processes and increase efficiency is one of the major factors anticipated to drive the market growth in the coming years.
Growing Need for Process Automation Amongst Businesses
Businesses in Japan have witnessed a surge in growth, backed by the increasing trade on products and services. For instance, the e-commerce sector in the country has boomed suddenly, backed by the increasing number of internet users in the nation. The ratio of individuals aged 6 years and above, who had used the internet at the end of August 2020, according to the statistics by the Statistics Bureau of Japan, was 83.4%. As a result, there is a growing need amongst businesses to automate their existing operational places, especially in their supply chain management. Such a factor is therefore anticipated to drive the growth of the market in the coming years.
However, the rising concern for privacy and security for data amongst enterprises is expected to operate as key restraint to the growth of Japan supply chain management (SCM) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the Japan supply chain management (SCM) market which includes company profiling of SAP SE, Oracle Corporation, Infor, International Business Machines Corporation, Coupa Software Inc., Zycus Inc., Epicor Software Corporation, Blue Yonder Group, Inc., The Descartes Systems Group Inc., Kinaxis Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Japan supply chain management (SCM) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.