The Solution Statement

Projections for SCM Software in 2020/2021 and Beyond

  • The SCM market generated $8.254 million in revenue in 2019. Revenues are expected to increase to $8.386 million in 2020 and $8.950 million in 2024, according to projections. (Statista, 2020; Apps Run the World, 2020)

  • Employees that use SCM software are expected to pay $6.56 in 2021. (2020, Statista)

  • By 2025, the average cost of SCM software for employees will likely be $8.08. (2020, Statista)

  • In 2021, the US is expected to be the top five markets for SCM, with $8.6 billion, Germany $885 million, the UK $847 million, Japan $824 million, and China $737 million. (2020, Statista)

SCM Software Market Predictions for 2021 and Beyond

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