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
1) SAP
2) Oracle
3) JDA Software
5) Epicor
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%.
