Press release
What's driving the Cloud Supply Chain Management (SCM) Market Trends? | Top Key Players are JDA Software, IBM, Logility, Kinaxis and Oracle
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 MARET 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
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There exists a high degree of rivalry for wining over the clients among the companies operating in the cloud CSM industry. In 2017, Aditya Birla Online Fashion (Abof) selected IBM Cloud and Watson to deliver a personalized and convenient shopping experience to their customers. It will endow the Abof customers with various accessibility features, such as using natural language questions within Abof’s enhanced eCommerce platform, and receiving greater personalization and product recommendations
Some of the companies operating in this market include JDA Software, IBM, Logility, Kinaxis, and Oracle.
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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