Information Communication and Technology Reports Cloud Supply Chain Management Industry Research Re | Page 2

providers deliver third-party infrastructure services that help organizations manage billing process for their
products and services. Vendors offering these services focus on improving the overall business efficiency,
enhancing scalability, and reducing IT costs.
The cloud supply chain management market has been segmented based on solutions, services, deployment
models, organization sizes, verticals, and regions. The inventory and warehouse management segment is expected
to grow at the highest CAGR during the forecast period, while the training & consulting segment is projected to
have the largest market size in 2016 in the cloud SCM market. Cloud SCM offers capabilities, such as demand
management, order management, transport management, and others. Adoption of cloud SCM services among the
enterprises has increased due to benefits, such as improved scalability, lower infrastructure cost, faster
deployments, improved productivity & performance, better control of critical applications, and decrease in
business downtime & losses.
The retail and wholesale vertical is expected to grow at the highest CAGR during the forecast period. By using
cloud SCM, retail & wholesale companies are developing new and better ways to enhance their digital supply
chain, while reducing operating expenses as well. The constant pressure to decrease IT expenditure and invest
resources in generating more profits is driving retail companies globally to adopt cloud SCM solutions. The
enterprises which are implementing cloud SCM are rapidly getting inclined towards deploying cloud-based services
to store and manage their business-critical data.
North America is expected to have the largest market share in 2016, whereas the Asia-Pacific (APAC) region is
expected to grow at the highest CAGR from during the forecast period in the cloud supply chain management
market. Factors such as rising need for advanced infrastructure management system and shifting of workload to
cloud environment are also driving the demand for cloud SCM, globally.
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