Information Communication and Technology Reports Cloud Supply Chain Management Market

Cloud Supply Chain Management Market size is estimated to
grow from USD 3.26 billion in 2016 to USD 8.07 billion by 2021
According to a new market research report” Cloud Supply Chain Management Market by Solution
(Transportation Management, Procurement & Sourcing, Sales & Operation Planning, Inventory & Warehouse
Management), Service, Deployment, Organization Size, Vertical, and Region - Global Forecast to 2021", The
cloud Supply Chain Management (SCM) market size is estimated to grow from USD 3.26 Billion in 2016 to USD 8.07
Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.
Factors such as growing awareness about cloud-based SCM benefits among enterprises, reduced operational costs,
and improved operational visibility are fueling the growth of the cloud SCM market, across the globe. The base
year considered for this study is 2015 and the forecast period considered is 2016–2021.
Browse and in-depth TOC on “Cloud Supply Chain Management Market”
64 - Tables
55 - Figures
146 - Pages
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The demand for cloud SCM is driven by factors, such as growing awareness about cloud-based SCM benefits
among enterprises, reduced operational costs, and improved visibility. With the increase in the adoption rate of
cloud computing among enterprises, the cloud SCM market is expected to gain a major traction during the forecast
period.
The transportation management solution segment is expected to contribute the largest market share
On the basis of solutions, the transportation management segment is expected to hold the largest market share, as
it offers capabilities, such as load optimization, route planning & optimization, delivery, billing & payment, order
visibility, and carrier administration. The solution enables interactions between an order management system and
warehouse & handles important operational function, such as planning, execution, and follow-ups.
“Managed services are expected to grow at the highest CAGR during the forecast period”
With the increasing deployment of cloud computing, the services segment is expected to grow in the future. The
managed services segment is expected to grow at the highest CAGR during the forecast period. Managed service
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.
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North America is expected to contribute the largest market share, Asia-Pacific (APAC) to grow the fastest
North America is expected to hold the largest market share and dominate the cloud SCM market from 2016 to
2021, owing to the availability of proficient technical expertise, large investments in Research & Development