The worldwide supply chain planning (SCP) market is forecast to grow 44% over the next five years, representing a compound annual growth rate of 7.6%, according to a new ARC Advisory Group study. With the global economic downturn now predominantly in the past, capital spending on information technology has rebounded vigorously.The SCP market has participated in this rebound, as suppliers have reported recent revenue growth rates well above the long-term trend.
The supply chain planning market has been experiencing broad-based, above-trend growth. “Suppliers reported growth across SCP applications, geographical regions, and end user industry segments. This is being driven by a couple of prominent adoption trends and a release of pentup demand from the preceding worldwide economic downturn,” according to Clint Reiser, Enterprise Software Analyst, and the principal author of ARC’s (www.arcweb.com) “Supply Chain Planning Worldwide Outlook”.
Businesses have recently exhibited pronounced interest in integrated business planning, including S&OP planning. Organizations continue to integrate historically disparate processes to obtain a more comprehensive view of their overall operations. This ongoing maturity and increasing sophistication of corporate business processes is contributing to increased adoption of S&OP solutions as companies attempt to take their planning to the next level. The value proposition of S&OP solutions is also being enhanced by other high-growth supporting technologies, such as business analytics and high speed in-memory computing technology.
Learn more about the Supply Chain Planning Worldwide Outlook