Global Supply Chain Management and Procurement Software Market Grew 10.8% in 2014
Supply chain management (SCM) and procurement software grew 10.8% in 2014 to $9.9 billion, according to a recent report titled Market Share Analysis: Supply Chain Management and Procurement Software, Worldwide, 2014″ by Gartner, Inc.
The growth came from sustained application demand, as supply chain remains a key driver of competitive advantage for improved customer satisfaction, business agility and operational efficiency.
SCM offerings delivered as cloud showed above-market growth of 17%, while new on-premises licenses also grew 9%.
SAP grew 19.9% to hold onto the top spot, and extended its lead within the SCM market, with 25.8% market share. Oracle retained its position as the second-largest provider of supply chain technologies and the largest within supply chain execution (SCE), its software revenue momentum has waned, and market share has declined to 14.6%, from 16% in 2013.
Top Five Vendors by Total SCM and Procurement Software Revenue
3) JDA Software
Overall, the SCM market is fragmented, with the top 10 vendors maintaining about 55% of total market share. Collectively, the remaining 57 vendors experienced annual revenue growth of 9.6%.