Cloud Supply Chain Management (SCM)enables deployment, governance, and management of all the supply chainprocesses through cloud. It allows enterprises to exchange data betweendifferent applications and the existing systems of a company. Cloud SCMfacilitates real-time access to data and provides scalability to meet thevarying demands of the Small and Medium-Sized Enterprises (SMEs) and largeenterprises. MarketsandMarkets estimates the cloud SCM market to grow from USD3.26 billion in 2016 to USD 8.07 billion by 2021, at a Compound Annual GrowthRate (CAGR) of 19.8% during the forecast period. The enterprises adopting cloudSCM witness benefits, such as better visibility, real-time information,scalability, and reduced delays, which have resulted in the rapid growth of thecloud SCM market.
Browse 64 market data tables and 55figures spread through 146 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"
The transportation managementsolution segment is expected to contribute the largest market share
On the basis of solutions, thetransportation 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 carrieradministration. The solution enables interactions between an order managementsystem and warehouse & handles important operational function, such asplanning, execution, and follow-ups.
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“Managedservices are expected to grow at the highest CAGR during the forecast period”
Withthe increasing deployment of cloud computing, the services segment is expectedto grow in the future. The managed services segment is expected to grow at thehighest CAGR during the forecast period. Managed service providers deliverthird-party infrastructure services that help organizations manage billingprocess for their products and services. Vendors offering these services focuson improving the overall business efficiency, enhancing scalability, andreducing IT costs.
NorthAmerica is expected to contribute the largest market share, Asia-Pacific (APAC)to grow the fastest
NorthAmerica is expected to hold the largest market share and dominate the cloud SCMmarket from 2016 to 2021, owing to the availability of proficient technicalexpertise, large investments in Research & Development (R&D), earlyadoption of new & emerging technologies, and presence of large number ofplayers 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. Thekey reasons for the high growth rate in APAC include increased spending on ITinfrastructure, rising cloud-based applications, and growing demand forautomation of processes in this region.
Themajor vendors providing cloud SCM are SAP SE (Walldorf, Germany), OracleCorporation(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), andCloudLogix (Colorado, U.S.).
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