target audience: TECH SUPPLIER Publication date: Jul 2023 - Document type: Market Forecast - Doc Document number: # EUR150318923
European Supply Chain Management Applications Forecast, 2023–2027
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Abstract
This IDC Market Forecast analyzes Europe's supply chain management applications market for 2020-2022 and features a 2023-2027 forecast. IDC assesses Europe's supply chain management applications market by functional segments (three segments) and deployment model (on-premises and public cloud services) in 22 countries.
"Europe's SCM applications market showed strong growth in 2022 as organizations throughout the region ramped up their technology investments as part of their wider supply chain modernization efforts. Demand for PCS deployments was particularly strong, a trend that will likely continue over the forecast period as organizations increasingly favor the agility, scalability, and flexibility of cloud-based solutions. IDC anticipates strong demand for applications that provide insights throughout the supply chain, including access to real-time data and visualizations, alongside interconnectivity and intelligent automation," said Ashok Patel, research manager, IDC European Enterprise Applications.