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Expansion of E-Commerce Is Creating an Opportunity for the Players in the Cloud SCM Market
Explore Report Description At: https://www.psmarketresearch.com/market-analysis/cloud-supply-chain-management-market
Cloud SCM demand will grow at the fastest rate in small & medium enterprises during the forecast period. The market for cloud SCM in energy & power and retail & wholesale industries are projected to grow at the fastest and equal rate, during the forecast period. Support & maintenance is estimated to be the fastest growing service type in this market. Private cloud deployment is becoming the most preferred cloud supply chain management, resulting in the highest growth among all deployment types, during 2017– 2023
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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.
Some of the companies operating in this market include JDA Software, IBM, Logility, Kinaxis, and Oracle.
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