Press release
Cloud Supply Chain Management Market Latest, Set for Rapid Growth and Trend by 2022-2030 | (CAGR) of 20%
New York , United States- Report Ocean published the latest research report on the Cloud Supply Chain Management market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Cloud Supply Chain Management market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.The global Cloud Supply Chain Management (SCM) market was estimated at 4.4 billion in 2020. The market is expected to reach US$ by 2030 by registering a compound annual growth rate (CAGR) of 20% during the forecast period from 2021-2030.
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Factors Influencing
The global Cloud Supply Chain Management (SCM) market forecasts to gain traction, owing to the increasing demand for product life-cycle management solutions, logistics management, and inventory & warehouse management.
The primary factor promoting the growth of the global cloud SCM market is the growing adoption of cloud supply chain management (SCM) solutions in the transportation and logistics sector.
Rising awareness regarding the beneficial aspects of these solutions is also boosting its demand among the population. Cloud SCM solutions are highly beneficial in providing excellent transportation planning and execution. Moreover, it is also profitable because of convenient tracking and managing. Thus, the adoption of cloud supply chain management (SCM) is increasing to track transportation activities.
Cloud supply chain management declines the freight cost. Moreover, the platform also helps build collaboration between multiple parties or enterprises involved in the business activities. Thus, such profitable factors are forecast to grow the market growth during the analysis period.
On the contrary, complexities of implementation can further decline the growth of the global cloud SCM market during the forecast period. Apart from that, increasing privacy concerns related to the use of Cloud SCM are expected to slow down the growth of the global cloud supply chain management (SCM) market.
Geographic Analysis
North America is anticipated to have maximum contribution in the growth of the global cloud supply chain management (SCM) market, followed by Asia. North America has been a leading region in the growth of the global market, owing to the growing adoption of communication technologies. Moreover, increasing investments in information and communication technologies would result in further advancements of the platform. Thus, it would increase the growth of the overall market. Apart from that, the United States presents the maximum contribution to the growth of the regional market.
Regarding Asia-Pacific, the region is witnessing favorable innovations in digital technology. Moreover, as the investments in digital transformation and cloud-based technologies are increasing, the market is expected to grow rapidly during the forecast period. In addition, various industry verticals have begun adopting smart ways to manage manufacturing activities. Thus, such growth would positively influence the growth of the global cloud supply chain management (SCM) market during the analysis period.
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Covid-19 Impact Analysis
The COVID-19 pandemic negatively impacted the global cloud supply chain management (SCM) market as the transportation activities were all halted. The use of cloud supply chain management (SCM) platforms suddenly declined as the industrial activities were all stopped partially or completely during the pandemic period.
Market Segmentation
By Solution
Transportation management
Procurement and sourcing
Order management
Sales and operation planning
Inventory and warehouse management
Demand planning and forecasting
Cloud Supply Chain Management Market Analysis By Service
Training and consulting
Support and maintenance
Managed services
By Deployment Model
Public cloud
Private cloud
Hybrid cloud
By Organization Size
Small and Medium Enterprises (SMEs)
Large enterprises
By Vertical
Food and beverage
Healthcare and life sciences
Manufacturing
Retail and wholesale
Transportation and logistics
Others
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Competitors in the market
Oracle Corporation
SAP SE
JDA Software Group Inc.
Infor Inc.
Manhattan Associates, Inc.
Descartes Systems Group, Inc.
Kewill, Inc.
Kinaxis, Inc.
Logility, Inc
Other prominent players
What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
During the forecast period, the report analyzes the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
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