The cloud Supply Chain Management (SCM) is a cloud suite thatregulates supply chain operations and governance, in the most optimal form.Factors such as increasing adoption of cloud-based SCM in transportationmanagement and the increasing need of demand management solutions amongenterprises are creating a huge demand for the cloud SCM market, across theglobe. The cloud SCM market size is estimated to grow from USD 3.26 billion in2016 to USD 8.07 billion by 2021, at a Compound Annual Growth Rate (CAGR) of19.8% during the forecast period.
Browse 64 market data tables and 55 figures spread through146 pages and in-depth TOC on “Cloud Supply Chain Management Market by Solution (TransportationManagement, Procurement & Sourcing, Sales & Operation Planning, andInventory & Warehouse Management), Service, Deployment, Organization Size,Vertical, and Region - Global Forecast to 2021"
Major Key Companies
The major vendors providing cloudSCM 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 inventory and warehouse management solution among cloudSCM solutions is projected to grow at the highest rate during the forecastperiod, as it enables daily operations in a warehouse and the centralizedmanagement of tasks, such as inventory control, tracking, and the location ofstock items. The demand for inventory and warehouse management solutions isincreasing due to benefits offered, such as faster inventory movement,efficient use of warehouse space, and reduced inventory paperwork.
Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39285453
The Small and Medium Enterprises (SMEs) segment is expectedto grow at the highest CAGR in the cloud SCM market during the forecast period.SMEs face many challenges, such as limited budgets, technical expertise, andscalability. Thus, to overcome these challenges, SMEs are rapidly adoptingcloud SCM services, as they offer increased agility and improved efficiency.
The hybrid cloud deployment model is expected to gain thehighest traction in the cloud SCM market during the forecast period. Hybridcloud provides enterprises with more control, reduced risk, cost efficiency,and better performance. Additionally, it provides an ideal combination ofpublic cloud and private cloud features, such as usage-friendly, versatility,& cost-effectiveness of the former, and greater control & security ofthe latter. Given this huge advantage, organizations are rapidly shifting theirfocus towards hybrid cloud adoption.
The retail and wholesale sector is expected to grow at thehighest CAGR in the cloud SCM market during the forecast period. To ensureseamless operations, the retailers and wholesalers are upgrading thetraditional SCM systems by embracing cloud SCM solutions. With the help of thisadoption, retailers can gain useful visibility & track inventory throughoutthe entire lifecycle, ensuring agility and profitability, by serving theincreasingly demanding consumers.
Asia-Pacific (APAC) is expected to be the fastest growingregion in the cloud SCM market during the forecast period. This region offerspotential growth opportunities, due to improvement in infrastructure, businessstrategic moves, and emergence of new technologies, combined with the growingbusiness needs.
Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/cloud-supply-chain-management-market-39285453.html
