Cloud Supply Chain Management (SCM) Market Analysis, Growth Opportunities and Recent Trend
by Rahul Gautam ManagerGlobal cloud
SCM market size is projected to
reach $11 billion by 2023.
Surging adoption in transportation management
has been one of the major drivers for the cloud SCM market. As the world’s transportation
networks and supply chains become increasingly intertwisted and complex, the
systems that support them are advancing and improving at a rapid pace. Software
vendors have been integrating more transportation optimization capabilities
into their solutions, making it easier for shippers to streamline their supply
chains, while also making them more cost- and time-efficient. This has been
augmenting the growth of the cloud SCM market.
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Insights on Market Segments
During the course of our analysis, we found that
demand planning and forecasting is projected to witness the highest growth,
with 20.3% CAGR during the forecast period, among all solutions in the cloud
SCM market. Demand management solutions help to predict and manage
replenishment effectively, align price and profit margins, better leverage past
product performance and maintain a leaner and more profitable supply chain.
Cloud SCM market has been growing at the highest
pace in Asia-Pacific on account of surging industrialization in the region, and
the growing adoption of automation among enterprises. Growing e-commerce market
coupled with increasing focus on reducing the ownership cost are the other
factors driving the cloud SCM market in the region. The regional governments
have also been supporting the industrial growth, which is being translated into
the growth of cloud SCM market in the region.
CLOUD SCM MARKET SEGMENTATION
Cloud SCM Market, by Solution
Demand Planning & Forecasting
Inventory & Warehouse Management
Product Life-Cycle Management
Logistics Management
Sales & Operations Planning
Order Management
Transportation Management
Procurement & Sourcing
Product Master Data Management
Cloud SCM Market, by Service
Training & Consulting
Managed Services
Support & Maintenance
Some of the companies operating in this market
include JDA Software, IBM, Logility, Kinaxis, and Oracle.
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Created on Jun 25th 2019 03:10. Viewed 290 times.