Cloud Supply Chain Management Market Competitive Research And Precise Outlook 2021 To 2026

Oct 20, 2021 (Market Insight Reports) --Global Cloud Supply Chain Management Market Size, Status, and Forecast 2021-2026. In-depth research accumulated to offer Latest insights about acute features of the global Cloud Supply Chain Management market. This report provides a detailed overview of key factors in the Cloud Supply Chain Management Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Cloud Supply Chain Management in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of COVID-19 on the regional economy.

The cloud supply chain management market is expected to reach USD 8.61 billion by 2026 from the present estimate of USD 4.58 billion in 2020 at a CAGR of 11.09% during the forecast period (2021 - 2026).

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Market Overview:
Cloud computing is quickly growing to support collaborative transportation management solutions (TMS) and other aspects of transportation management, such as sourcing of network capacity, robust visibility and event management, and ancillary functions, including freight pay and audit.
- Applying cloud-based business analytics and manufacturing intelligence allows manufacturing cycle times to improve, boosting supply chain management. For instance, according to Eurostat, in 2018, 27% of all UK enterprises in the UK manufacturing industry bought storage of files as a cloud computing service.
- Cloud computing is now perceived as a major cost saving alternative, giving a route through which supply chain executives can quickly and efficiently access innovative supply chain solutions, delivered through a SaaS model, and deploy them at scale. For example, according to Cisco Systems, in 2021, 380 million Software as a Service (SaaS) workloads were expected to be installed worldwide.
- Increased investment in IoT, a revolutionary technology that shows promising potential to the supply chain, is expected to drive the market. According to a survey by Kenco Group, 56% of supply chain leaders stated that they planned to invest in sensors and IoT in 2019. In that same survey, 40% of respondents revealed that they intend to invest in blockchain technologies.
- Key vendors utilize collaborative robots or co-bots, the new generation of robots that are safe, smart, collaborative, and can work side-by-side with people. For instance, Amazon, one of the most significant e-commerce players, employs several types of robots (palletizers, robo-stow, and drive unit) within its warehouses that various activities, such as picking up heavy items and preparing goods for shipping or storage.
- Currently, it has 200,000 robots in its warehouse. In 2020, the company invested USD 40 million in a new 350,000-square-foot robotics innovation hub in Massachusetts, which is expected to drive the market in the future.

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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North America Hold Significant Market Share
- Customers in the United States are profiting from the multiplicity of transport modes in their increasingly connected environment. Logistics businesses offer the integration of information flow through supply chain management software, packaging, material handling, warehousing, forwarding, returned goods management, and brokerage.
- North America may experience notable market growth, principally driven by the selection of GS1 standards designed to promote the safety, efficiency, and visibility of supply chains across physical and digital channels in 25 sectors in the United States.
- Prominent healthcare distributors and suppliers in the region are collaborating with technology providers to make their supply chain capabilities more agile, by implementing cloud services for faster responses via shorter lead times and improving service with lower total costs.
- In the 2019 ranking, UPS Supply Chain Solutions was the foremost logistics firm in the United States. With a customer base, including Pratt Whitney, Philips Healthcare, and Triumph Motorcycles' customer's list, the Georgia-based forwarder made over USD 4.6 billion in revenue from activities in North America.
- In 2019, McKesson Corporation, a provider of third-party logistics services, patient access support, and specialty pharmacy solutions, partnered with TrakCel, a software developer for cell and gene therapy supply chain tracking and orchestration systems, to support cell and gene therapy, late-stage developers.
- Moreover, the United States' gross refrigerated storage capacity is increasing, which is boosting the growth of the market in the region. For instance, according to the National Agricultural Statistics Service, in 2019, the US gross refrigerated storage capacity amounted to some 3.65 billion cubic feet.
- Also, the increased adoption of cloud in the region is presumed to fuel the use of data analytics platform, which is expected to boost the growth of the market consequently. For instance, according to a survey by the University of Tennessee, in 2018, 40.7% of respondents stated that data analytics might be the critical supply chain management technology in the next two years.

Influence of the Cloud Supply Chain Management Market report:
–Comprehensive assessment of all opportunities and risk in the Cloud Supply Chain Management Market.
–Cloud Supply Chain Management Market recent innovations and major events.
–Detailed study of business strategies for growth of the Cloud Supply Chain Management Market market-leading players.
–Conclusive study about the growth plot of Cloud Supply Chain Management Market for forthcoming years.
–In-depth understanding of Cloud Supply Chain Management Market market-particular drivers, constraints and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the Cloud Supply Chain Management Market.

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