South America Supply Chain Management Market Trend and Growth Opportunities

South America supply chain management market is expected to reach $3.7 billion by 2023, according to P&S Intelligence.

Growth in e-commerce industry, need for greater supply chain visibility, and surge in demand planning solutions are the major factors driving the market growth.

Insights on market segments

Based on component, the supply chain management market in South America has been categorized into software, hardware, and services. The software category held the majority share in the market, accounting 67% share in 2017, and is expected to witness a CAGR of 7.6%, during the forecast period. The major factor attributing to its largest share in the market is the increasing need to make the supply chains as transparent as possible in order to increase customer satisfaction.

In terms of delivery mode, on-premise mode in the supply chain management market in the region held a higher revenue share in 2017 and is expected to maintain its lead, during the forecast period. Compliance issues with cloud SCM is a major factor for the deployment of on-premise delivery mode. Companies often regulate storage of critical information on the cloud due to security concern associated with the cloud.

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Brazil is expected to hold the largest revenue share in the market

During the forecast period, Brazil is projected to record largest revenue in the South American market, reaching $1.2 billion by 2023, buoyed by increasing e-commerce sector in Brazil. Transportation and logistics industry is one of the major contributors to the growth of the supply chain management market in Brazil due to rising development of warehouses to meet the growth of e-commerce market. However, poor transport infrastructure and lack of government spending on the infrastructure development are expected to hinder the growth of the market in Brazil.

With the increase in smartphone ownership, internet penetration, and the rise in middle-class population, South America recorded a boom in its e-commerce industry in recent years. The industry growth is also propelled by improvement in the delivery of goods as well as the payment infrastructure. The growth in e-commerce industry, coupled with express delivery of products, led to higher demand for SCM solutions in the region.

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Some of the other key players operating in the South America supply chain management market are Logility Inc., TECSYS Inc., LogiTag Systems, Walmart Inc., Cisco Systems Inc., Intel Corporation, The Descartes Systems Group Inc., and Infor Inc.

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Created on Jun 21st 2019 02:41. Viewed 293 times.

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