Cloud Supply Chain Management Market worth to be USD 8.07 Billion by 2021

The report on the Global Cloud Supply Chain Management Market covers Industry Size, market valuation by segmentation as well as region, historical trends, dynamics, country-level analysis for every segment, key Vendor’s share analysis, competitive landsca

(EMAILWIRE.COM, February 06, 2020 ) The cloud Supply Chain Management (SCM) is a cloud suite that regulates supply chain operations and governance, in the most optimal form. Factors such as increasing adoption of cloud-based SCM in transportation management and the increasing need of demand management solutions among enterprises are creating a huge demand for the cloud SCM market, across the globe. The cloud 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.

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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