According to Gartner, the supply chain management and procurement software market grew 10.8% globally in 2014, with $9.9 billion in revenue. Needless to say (but let’s say it anyway), that is a good thing. Louis Columbus writes for Forbes with additional findings brought forward by Gartner.
A Longer, Stronger Chain
Among the top players, SAP has grown its share of the market slightly, from 23.9 percent in 2013 to 25.8 percent in 2014. Oracle meanwhile dropped from 16 percent to 14.6 percent. Major vendors like these end up accounting for 55 percent of the worldwide market share. Nonetheless, another 57 vendors experienced 9.6 percent growth last year, which Columbus interprets as reflecting the demand for highly specialized supply chain solutions. Here are some more statistics to munch on:
Six of the top seven suppliers who maximize Inventory Turns are complex manufacturers. Samsung Electronics (17.7), Lenovo Group (12.8), Cisco Systems (12.6), Seagate Technology (10.8), Toyota Motor (10.6) and Qualcomm (8.8) are the highest performing at turning inventory with the only exception being McDonald’s (157.3).
It seems the recession stagnation is long gone, just the way we like it. You can read the original article here: http://www.forbes.com/sites/louiscolumbus/2015/05/18/gartner-supply-chain-management-market-share-update-sap-dominates-with-25-8-share/