MARKET OUTLOOK
Triton Market Research, in its report on the supply chain management software market in the Middle East and Africa, determines that the industry will progress at a CAGR of 10.33% over the projected years 2019-2028.
South Africa, Turkey, Saudi Arabia, the United Arab Emirates and Rest of Middle East & Africa are studied in the Middle East and Africa supply chain management software market.
In the Middle East and Africa, the growing government focus on economic growth is anticipated to drive the digitization of supply chain management. The ICD (Investment Corporation of Dubai), announced the split of Inchcape Shipping Services Holding Ltd into two standalone entities. Thus, a new wholly-owned subsidiary, ISS Global Forwarding, was launched, focusing on supply chain logistics. Besides, this development is also expected to emphasize the advancements in supply chain management. It is also likely to force other companies to make big investments to retain their market positionand push the growth of the supply chain management software market in the region for the upcoming years.
In the United Arab Emirates, new project expansions and investments are anticipated to proliferate the logistics industry. Also, the increasing air freight demand in the region is fueling the investments towards the supply chain sector, thereby increasing the application of SCM software in the country. These factors are expected to boost supply chain management software in the UAE.
COMPETITIVE OUTLOOK
The significant players in the supply chain management software market are Kinaxis, HighJump, SAP SE, International Business Machines Corporation and Manhattan Associates.