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Friday, 20 July 2018 10:51

Supply chain management market accelerates to new highs: report

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Supply chain management market accelerates to new highs: report Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Global adoption of supply chain management software has accelerated significantly, with a new report revealing that the total worldwide market revenue hit US12.2 billion in 2017, a rise of 13.9%.

The report from analyst firm Gartner shows that the top five vendors in the supply chain market all increased revenue.

But, Gartner research director Balaji Abbabatulla says that only two vendors – JDA and Infor grew their market share by outperforming the total market growth.  

"The 'other vendors' category is growing significantly faster than the top five market incumbents, but the top five rankings remained the same in 2017," Abbabatulla says.

"The SCM market’s revenue performed well in 2017, continuing the trend of accelerating growth from recent years. This is happening because SCM technologies are a key component of delivering digital business strategies," Abbabatulla notes.

"SCM technologies create digital value by optimising the flow of products, services and related information from source to customer and from customer to source.

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"Smaller cloud-native vendors enjoyed an average revenue growth of 41.4% in 2017. The top five vendors are defending their market share by pivoting toward cloud-first strategies and quickly introducing new products through development, acquisition or partnerships on their cloud platform."

And according to Abbabatulla cloud offerings are driving growth in the market partly because more midsize organisations are adopting SCM solutions to drive digital business models.

He says midsize organisations help bolster revenue growth because they are net new customers of SCM products and are not bound by replacement and upgrade cycles from legacy investment.

 "Cloud solutions typically have lower barriers to entry and are more easily scalable, and are therefore a better fit for midsize organisations looking at SCM for competitive advantage.

"We expect that offering a well-defined, vertical-industry-oriented strategy for midsize organisations will grow rapidly over the next five years."

Abbabatulla says another source of competitive advantage for SCM vendors has been effective incorporation of artificial intelligence (AI) into their products.

"While adoption levels of AI vary across sub market segments, we expect it to drive revenue growth as AI technologies and tools mature. This is because AI can bring productivity and user experience improvements by automating routine tasks and providing more effective support to complex decisions."


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Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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