Cloud Supply Chain Management (SCM) enables deployment, governance, and management of all the supply chain processes through cloud. It allows enterprises to exchange data between different applications and the existing systems of a company. Cloud SCM facilitates real-time access to data and provides scalability to meet the varying demands of the Small and Medium-Sized Enterprises (SMEs) and large enterprises. MarketsandMarkets estimates the cloud SCM market 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. The enterprises adopting cloud SCM witness benefits, such as better visibility, real-time information, scalability, and reduced delays, which have resulted in the rapid growth of the cloud SCM market.
Browse 64 market data tables and 55 figures spread through 146 pages and in-depth TOC on “Cloud Supply Chain Management Market by Solution (Transportation Management, Procurement & Sourcing, Sales & Operation Planning, and Inventory & Warehouse Management), Service, Deployment, Organization Size, Vertical, and Region - Global Forecast to 2021"
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.
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“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.
North America is expected to contribute the largest market share, Asia-Pacific (APAC) to grow the fastest
North America is expected to hold the largest market share and dominate the cloud SCM market from 2016 to 2021, owing to the availability of proficient technical expertise, large investments in Research & Development (R&D), early adoption of new & emerging technologies, and presence of large number of players in this region. The APAC region is in the initial growth phase; however, it is the fastest-growing region in the global cloud SCM market. The key reasons for the high growth rate in APAC include increased spending on IT infrastructure, rising cloud-based applications, and growing demand for automation of processes in this region.
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.).
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The 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.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39285453The 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 shareOn 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 costsNorth America is expected to contribute the largest market share, Asia-Pacific (APAC) to grow the fastestNorth America is expected to hold the largest market share and dominate the cloud SCM market from 2016 to 2021, owing to the availability of proficient technical expertise, large investments in Research & Development (R), early adoption of new & emerging technologies, and presence of large number of players in this region.
February 13, 2019: In 2018, the global Cloud Supply Chain Management market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2019-2025.This report focuses on the global Cloud Supply Chain Management status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Cloud Supply Chain Management development in United States, Europe and China.The key players covered in this studyCloudlogixHighjumpInforDownload sample Copy of This Report at: https://www.radiantinsights.com/research/global-cloud-supply-chain-management-market-size-status-and-forecast-2019-2025/request-sample JDA Software GroupKewillKinaxisLogilityManhattan AssociatesOracle CorporationSAP SETecsysThe Descartes Systems GroupView summary of this report @ https://www.radiantinsights.com/research/global-cloud-supply-chain-management-market-size-status-and-forecast-2019-2025 Market segment by Type, the product can be split intoTraining and ConsultingSupport and MaintenanceManaged ServicesMarket segment by Application, split intoPublic CloudPrivate CloudHybrid CloudMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Cloud Supply Chain Management status, future forecast, growth opportunity, key market and key players.To present the Cloud Supply Chain Management development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Cloud Supply Chain Management are as follows:History Year: 2014-2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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