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Cloud Supply Chain Management Market expected to be growing at a CAGR of 19.8% by 2021
[July 01, 2019]

Cloud Supply Chain Management Market expected to be growing at a CAGR of 19.8% by 2021

According to a new market research report” Cloud Supply Chain Management Market by Solution (Transportation Management, Procurement & Sourcing, Sales & Operation Planning, Inventory & Warehouse Management), Service, Deployment, Organization Size, Vertical, and Region - Global Forecast to 2021", The cloud Supply Chain Management (SCM) market size is estimated to grow from USD 3.26 Billion in 2016 to USD 8.07 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.

Factors such as growing awareness about cloud-based SCM benefits among enterprises, reduced operational costs, and improved operational visibility are fueling the growth of the cloud SCM market, across the globe. The base year considered for this study is 2015 and the forecast period considered is 2016–2021.

Browse and in-depth TOC on “Cloud Supply Chain Management Market” 64 - Tables 55 - Figures 146 - Pages Ask for PDF Brochure @ Major Key Companies The major vendors providing cloud SCM are SAP SE (Walldorf, Germany), Oracle Corporation(California, U.S.), Infor, Inc.(New York, U.S.), JDA Software Group, Inc. (Arizona, U.S.), Descartes Systems Group, Inc. (Ontario, Canada), Manhattan Associates, Inc. (Atlanta, Georgia, U.S.), Logility, Inc.(Atlanta, Georgia U.S.), Kewill, Inc. (Massachusetts, U.S.), Kinaxis, Inc. (Ontario, Canada), HighJump (Minnesota, U.S.), TECSYS, Inc. (Montreal, Canada), and CloudLogix (Colorado, U.S.).

The demand for cloud SCM is driven by factors, such as growing awareness about cloud-based SCM benefits among enterprises, reduced operational costs, and improved visibility. With the increase in the adoption rate of cloud computing among enterprises, the cloud SCM market is expected to gain a major traction during the forecast period.

The transportation management solution segment is expected to contribute the largest market share On the basis of solutions, the transportation management segment is expected to hold the largest market share, as it offers capabilities, such as load optimization, route planning & optimization, delivery, billing & payment, order visibility, and carrier administration. The solution enables interactions between an order management system and warehouse & handles important operational function, such as planning, execution, and follow-ups.

“Managed services are expected to grow at the highest CAGR during the forecast period” With the increasing deployment of cloud computing, the services segment is expected to grow in the future. The managed services segment is expected to grow at the highest CAGR during the forecast period. Managed service providers deliver third-party infrastructure services that help organizations manage billing process for their products and services. Vendors offering these services focus on improving the overall business efficiency, enhancing scalability, and reducing IT costs.

The cloud supply chain management market has been segmented based on solutions, services, deployment models, organization sizes, verticals, and regions. The inventory and warehouse management segment is expected to grow at the highest CAGR during the forecast period, while the training & consulting segment is projected to have the largest market size in 2016 in the cloud SCM market. Cloud SCM offers capabilities, such as demand management, order management, transport management, and others. Adoption of cloud SCM services among the enterprises has increased due to benefits, such as improved scalability, lower infrastructure cost, faster deployments, improved productivity & performance, better control of critical applications, and decrease in business downtime & losses.

The retail and wholesale vertical is expected to grow at the highest CAGR during the forecast period. By using cloud SCM, retail & wholesale companies are developing new and better ways to enhance their digital supply chain, while reducing operating expenses as well. The constant pressure to decrease IT expenditure and invest resources in generating more profits is driving retail companies globally to adopt cloud SCM solutions. The enterprises which are implementing cloud SCM are rapidly getting inclined towards deploying cloud-based services to store and manage their business-critical data.

North America is expected to have the largest market share in 2016, whereas the Asia-Pacific (APAC) region is expected to grow at the highest CAGR from during the forecast period in the cloud supply chain management market. Factors such as rising need for advanced infrastructure management system and shifting of workload to cloud environment are also driving the demand for cloud SCM, globally.

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