Cloud Supply Chain Management Market to Grow Exponentially on Account of Growing Digital Transformation and Need for Real Time Data Visibility

Market Scope & Overview:

According to SNS Insider, the value of Cloud Supply Chain Management Market was $9.13 billion in 2022 and is projected to reach $36.98 billion by 2030, with a compound annual growth rate (CAGR) of 19.1% during the forecast period from 2023 to 2030.

Cloud supply chain management leverages the power of cloud computing to optimize supply chain processes, improve visibility, foster collaboration, and enable better decision-making. By harnessing the benefits of cloud-based solutions, organizations can achieve increased efficiency, reduced costs, enhanced agility, and improved customer satisfaction in their supply chain operations.

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Major Key Players Included are:

• SAP SE
• Oracle Corporation
• Infor Inc
• Descartes Systems Group Inc
• IBM Corporation
• Manhattan Associates
• Logility
• Kewill
• Kinaxis
• TECSYS
• Others

Market Analysis:

The cloud supply chain management market is experiencing significant growth and adoption due to several key drivers. The increasing emphasis on digital transformation across industries is a major driver for cloud SCM adoption. Organizations are leveraging cloud-based SCM solutions to modernize their supply chain processes, improve efficiency, and gain a competitive edge in the market. Cloud SCM enables real-time data visibility, collaboration, and automation, allowing businesses to streamline their operations and respond swiftly to changing market dynamics.

Impact of Recession:

While recessions can present challenges for the cloud supply chain management market, they can also create opportunities for providers and customers alike. By understanding the potential impacts and responding proactively, cloud SCM vendors can adapt their strategies to navigate the changing market dynamics. Organizations, on the other hand, can leverage cloud SCM solutions to drive operational efficiency, cost savings, and competitiveness during economic downturns. As the global economy recovers, the cloud SCM market is expected to regain momentum and continue its growth trajectory, propelled by the increasing recognition of its benefits in managing complex supply chains.

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Segmentation Analysis:

As cloud-based supply chain management becomes increasingly vital for businesses to achieve operational excellence, the transportation management and food and beverage segments stand out as leaders in cloud supply chain management market. The inherent complexities and unique requirements of these sectors make them particularly well-suited for cloud-based solutions. By leveraging the benefits of cloud technology, organizations in the transportation and food and beverage industries can enhance visibility, improve collaboration, optimize operations, and ultimately gain a competitive edge in the dynamic global marketplace.

Market Segmentation and Sub-Segmentation included are:

On The Basis of Solution:
• Transportation management
• Procurement and sourcing
• Order management
• Sales and operation planning
• Inventory and warehouse management
• Demand planning and forecasting

On The Basis of Service:
• Training and consulting
• Support and maintenance
• Managed services

On The Basis of Deployment Model:
• Public cloud
• Private cloud
• Hybrid cloud

On The Basis of Vertical:
• Food and beverage
• Healthcare and life sciences
• Manufacturing
• Retail and wholesale
• Transportation and logistics
• Others

Regional Status & Analysis:

As businesses worldwide recognize the need for agile and efficient supply chain management, the adoption of cloud-based solutions continues to grow. Within this dynamic landscape, North America stands out as a dominant force, driven by its technological advancements, established cloud infrastructure, digital transformation initiatives, collaborative ecosystem, and strong regulatory framework. These factors position North America at the forefront of the cloud supply chain management market, paving the way for continued innovation, growth, and industry leadership.

Conclusion:

The future prospects of the market are bright. With its scalability, real-time visibility, predictive analytics, enhanced security, integration capabilities, cost-efficiency, and global accessibility, cloud-based solutions are poised to revolutionize supply chain operations.

Frequently Asked Questions:

Q1) What is the projected outlook for cloud supply chain management market growth?
Ans: The market for cloud supply chain management is projected to exceed USD 36.98 billion by the year 2030.

Q2) What are the major factors influencing the cloud supply chain management market?
Ans: As businesses increasingly recognize the advantages offered by cloud SCM platforms, the market is expected to witness rapid growth and innovation, driving greater efficiency, agility, and competitiveness across industries.

Q3) Who are the leading players in the cloud supply chain management market?
Ans: SAP SE, Oracle Corporation, Kinaxis, Inc., IBM Corporation, Manhattan Associates, Inc., Infor Inc, Descartes Systems Group Inc, Logility, Inc., Kewill, Inc., TECSYS, Inc.

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Table of Contents - Major Key Points:

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1. COVID-19 Impact Analysis
4.2. Impact of Ukraine- Russia war
4.3. Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Cloud Supply Chain Management Market Segmentation, by Solution
9. Cloud Supply Chain Management Market Segmentation, by Service
10. Cloud Supply Chain Management Market Segmentation, by Deployment Model
11. Cloud Supply Chain Management Market Segmentation, by Vertical
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion

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