Japan Supply Chain Management (SCM) Market Highlights Over 2020 - 2030
The Japan supply chain management (SCM) market is estimated to garner a revenue of USD 1490.3 Million by the end of 2030, by growing with a CAGR of 5.8% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market registered a revenue of USD 857.1 Million. The growth of the market can primarily be attributed to the growing economical activities in the country, and for the increasing need for automation of processes amongst businesses, backed by increasing competition and dynamic business environment. Moreover, growing e-commerce industry in the country, backed by the rising internet penetration, is also anticipated to drive the market growth in the coming years.
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Businesses in the e-commerce sector in Japan are increasingly focusing on the develop its supply chain functions as the internet penetration in the nation has witnessed a massive surge in growth over the past few years. According to the statistics by the Statistics Bureau of Japan, the ratio of individuals aged 6 years and above, who had used the internet at the end of August 2020 was 83.4%. Moreover, smartphones registered the highest share of 68.3% for internet use based on device. This is one of the major factors which is driving the need amongst businesses in the country to adopt SCM services and solutions.
Moreover, Japan is known to be a gateway between Southeast Asia’s manufacturing bases and the consumers of the developed economies. As a result, and for the need amongst businesses to stay competitive at par with its global competitors, organizations are reviewing their existing supply chain strategies and are focusing towards digital logistics, which in turn, is driving the need to adopt cloud-based SCM solutions. These solutions significantly help to lower operational costs and improve efficiency of businesses. With the increasing advancements in technologies and the growing software-as-a-service (SaaS) in Japan, the demand for SCM solutions is expected to expand massively in the coming years and in turn, drive the market growth.
Growth Drivers and Challenges Impacting the Growth of the Japan Supply Chain Management (SCM) Market
Growth Drivers
- Growing E-Commerce Industry in Japan
- Rising Need to Improving Visibility and Transparency in Supply Chain Processes
Challenges
- Rising Concern for Privacy and Security for Data Amongst Enterprises
Japan Supply Chain Management (SCM) Market Segmentation Synopsis
The Japan supply chain management (SCM) market is segmented by component into software and services. Out of these, the software segment is anticipated to hold the highest market share by the end of 2030 and further grow with the highest CAGR of 5.90% during the forecast period. By solution, the market is segmented into inventory optimization, sales & operations planning, response & study planning, product lifecycle management, intelligent track & trace, and others. Out of these, the product lifecycle management segment is anticipated to hold the largest market revenue of USD 414.0 Million by the end of 2030, up from a revenue of USD 249.6 Million in 2020. Moreover, on the basis of deployment mode, the market is segmented into cloud-based and on-premise. Out of these, the on-premise segment is anticipated to garner the largest revenue by the end of 2030, while the cloud-based segment is anticipated to grow with the highest CAGR of 6.39% during the forecast period. On the basis of enterprise size, the market is segmented into small & medium enterprise (SME), and large enterprise. Out of these, the small & medium enterprise (SME) segment is anticipated to grow with the highest CAGR of 6.29% during the forecast period and also attain the highest market share by the end of 2030. By industry vertical, the market is further segmented into retail & e-commerce, healthcare, manufacturing, fast moving consumer goods (FMCG), transportation & logistics, and others. Out of these, the fast moving consumer goods (FMCG) segment is anticipated to garner the largest market revenue of USD 367.4 Million by the end of 2030, up from a revenue of USD 206.8 Million in the year 2020.
Top Featured Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Japan supply chain management (SCM) market that are included in our report are 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.
