Digital Supply Chain Market

Plastic Optic Fiber Market Report Thumbnail

Digital Supply Chain Market by Component (Solution and Services), by Organization Size (Large Enterprises and Small & Medium-sized Enterprises), and by End User (Retail & Consumer Goods, Healthcare & Pharmaceuticals, Manufacturing, Food & Beverages, Transportation & Logistics, Automotive, and Others) – Global Opportunity Analysis and Industry Forecast 2024-2030

  • Facebook
  • Linkedin
  • Whatsapp

Market Definition

The Digital Supply Chain Market size was valued at USD 5.4 billion in 2023 and is predicted to reach USD 12.8 billion by 2030 with a CAGR of 13.0% from 2024-2030. A digital supply chain is the integration of digital technologies and systems throughout the supply chain process. It involves the use of platforms, data analytics, automation, and other technologies to optimize and streamline operations. 

By leveraging tools such as IoT, big data analytics, automation, artificial intelligence, and blockchain, organizations can achieve benefits such as improved efficiency, reduced costs, enhanced visibility, and faster response times. Digital supply chain harnesses technology and data to transform traditional processes, giving companies a competitive edge in today's business environment.

Market Dynamics and Trends

The globalization of businesses, as companies expand their operations internationally and require advanced technology solutions to effectively manage their complex global logistics, is driving the growth of the digital supply chain market.

Moreover, the rapid growth of e-commerce sector is further driving the demand for efficient supply chain solutions to streamline their operations, improve visibility, and meet the demands of online customers effectively. For instance, the global e-commerce sector is growing at a significant rate, reaching USD 26.7 trillion in 2021. With the rapid growth in the e-commerce sector, the demand for an efficient supply chain is rising, driving the growth of the market.

Furthermore, advancements in technology, such as the Internet of Things (IoT), big data analytics, and artificial intelligence (AI) are further boosting the growth of the market. These technologies are used to analyze vast amounts of data, predict demand, enhance inventory management, and automate logistics to enhance overall supply chain efficiency is boosting the growth of the market.

However, digital supply chains can involve significant upfront implementation costs, including investments in hardware, software, and training, while also posing risks of data breaches and unauthorized access, restraining the growth of the market.

On the contrary, the introduction of 5G and edge computing, along with the implementation of blockchain technology is expected to create ample opportunities for the growth of the market in the coming years. These technologies enable real-time data processing and secure, decentralized transactions, revolutionizing the speed, efficiency, and transparency of the digital supply chain.

 

Market Segmentations and Scope of the Study

The digital supply chain market share is segmented on the basis of component, organization size, end user, and region. On the basis of component, the market is divided into solution and services. On the basis of organization size, the market is segmented into large enterprises and small & medium-sized enterprise. On the basis of end-user, the market is divided into retail & consumer goods, healthcare & pharmaceuticals, manufacturing, food & beverages, transportation & logistics, automotive, and others. regional breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and Rest of the world (RoW).

 

Geographical Analysis

Asia-Pacific holds the dominant share of digital supply chain market and is expected to continue its dominance during the forecast period. This is attributed to factors such as the booming e-commerce sector in Asia-Pacific is fueling the growth of the digital supply chain market as businesses seek efficient solutions to meet the rising demands of online retail. According to the International Trade Administration, China is the largest e-commerce market globally as it reached USD 2.29 trillion in 2020 and is expected to reach USD 3.56 trillion by 2024.

Moreover, the growing adoption of digital supply chain by major local companies to enhance supply chain visibility, enabling them to meet rising consumer demand, reduce costs, and minimize risks. For instance, in June 2022, ITC making significant investments in digital technologies including the implementation of a digital supply chain. By leveraging digital advancements, ITC aims to streamline operations and achieve greater transparency, agility, and productivity in its business processes.

On the other hand, North America is expected to show a steady growth in the digital supply chain market. This is due to the well-developed healthcare sector in North America that involves managing complex supply chains that require coordination of multiple activities, including procurement of medical equipment, pharmaceuticals, and other supplies, and timely delivery to hospitals and clinics.

According to the Centers for Medicare & Medicaid Services, national healthcare expenditure reached 4.3 trillion in 2021 in the U.S. as compared to 4.1 trillion in 2020. The huge expenditure comes from the increasing demand of critical medical supplies such as pharmaceuticals, medical devices, and equipment, both within the U.S. and globally. To fulfil those demands on time, a highly efficient supply chain management is required, driving the growth of the market in this region.

Moreover, presence of key market players such as IBM Corporation, Oracle Corporation and MicroStrategy Inc in this region is further driving the growth of the supply chain management market in this region. For instance, in June 2023, IBM Corporation partnered with Adobe to develop a content supply chain solution that utilizes generative artificial intelligence (AI). This collaboration aims to enhance content creation, management, and distribution processes by leveraging AI-driven automation and advanced analytics.

 

Competitive Landscape

Various market players operating in the digital supply chain market include Cloudera Inc., IBM Corporation, Infor, MicroStrategy Inc., Oracle Corporation, SAP SE, SAS Institute Inc., Software AG, Tableau Software, and TIBCO Software Inc., and others. These market players are adopting various strategies such as product launches and collaboration to remain dominant in the market.

For instance, in April 2023, Oracle introduced new artificial intelligence (AI) and automation capabilities to its platform. These advancements aim to empower businesses with intelligent automation, predictive analytics, and enhanced decision-making capabilities, enabling them to optimize their operations and drive innovation in various industries.

Moreover, in November 2022, Cloudera unveiled an expansion of its partner program, focusing on the digital supply chain domain. Through collaborations with partners, Cloudera aims to deliver innovative data solutions that optimize supply chain operations and drive efficiency in the market.

Furthermore, in April 2022, Infor partnered with DB Schenker, a leading logistics provider, to offer a comprehensive supply chain solution. This collaboration aims to deliver end-to-end visibility and optimize supply chain operations, empowering businesses with enhanced efficiency and agility in the market.

Key Benefits

  • The report provides quantitative analysis and estimations of the digital supply chain market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

  • The study comprises a deep dive analysis of the digital supply chain market including the current and future trends to depict prevalent investment pockets in the market.

  • Information related to key drivers, restraints, and opportunities and their impact on the digital supply chain market is provided in the report. 

  • Competitive analysis of the players, along with their market share is provided in the report.

  • SWOT analysis and Porters Five Forces model is elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Component 

  • Solution 

  • Services

By Organization Size 

  • Large Enterprises 

  • Small & Medium-sized Enterprises

By End User 

  • Retail & Consumer Goods

  • Healthcare & Pharmaceuticals

  • Manufacturing

  • Food & Beverages

  • Transportation & Logistics

  • Automotive

  • Others

By Region

  • North America    

    • The U.S.

    • Canada

    • Mexico

  • Europe    

    • The U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Netherlands

    • Finland

    • Sweden

    • Norway

    • Russia

    • Rest of Europe

  • Asia-Pacific    

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Indonesia

    • Singapore

    • Taiwan

    • Thailand

    • Rest of Asia-Pacific

  • Rest of the World (RoW)    

    • Latin America

    • Middle East

    • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 5.4 Billion

Revenue Forecast in 2030

USD 12.8 Billion

Growth Rate

CAGR of 13.0% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Billion (USD)

Growth Factors

  • Globalization of businesses,

  • The rapid growth of e-commerce sector across the globe,

  • Advancements in technology, such as the Internet of Things (IoT), big data analytics, and artificial intelligence (AI)

Countries Covered

28

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

KEY PLAYERS

  • Cloudera Inc.

  • IBM Corporation

  • Infor

  • MicroStrategy Inc.

  • Oracle Corporation

  • SAP SE

  • SAS Institute Inc.

  • Software AG

  • Tableau Software

  • TIBCO Software Inc.

Bar chart Pie chart Pie chart

Download Free Sample

Please Enter Full Name

Please Enter Valid Email ID

Please enter Country Code and Phone No

Please enter message

Frequently Asked Questions

The Digital Supply Chain Market was valued at USD 5.4 billion in 2023 and is predicted to reach USD 12.8 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 13.0% from 2024-2030.

A digital supply chain involves integrating digital technologies and systems throughout the supply chain process, utilizing platforms, data analytics, automation, and other technologies to optimize and streamline operations.

The globalization of businesses and the rapid growth of the e-commerce sector are major drivers. Additionally, advancements in technologies like IoT, big data analytics, and AI are boosting market growth.

Asia-Pacific holds the dominant share, fueled by the booming e-commerce sector. North America is expected to show steady growth due to a well-developed healthcare sector and the presence of key market players.

Various market players include Cloudera Inc., IBM Corporation, Infor, MicroStrategy Inc., Oracle Corporation, SAP SE, SAS Institute Inc., Software AG, Tableau Software, TIBCO Software Inc., and others.
popular
$4,975
$3,975
$6,975
$2,975

This website uses cookies to ensure you get the best experience on our website. Learn more