Cloud supply chain management is revolutionizing the supply chain industry by embracing cloud technology and building a linked ecosystem that enables end-to-end visibility, real-time information, and decisive actions while also dramatically reducing costs. Unlike traditional supply chain management systems, which are far more transactional, cloud management solutions provide real-time accuracy and 360-degree management.
Data Bridge Market Research analyses that the Cloud Supply Chain Management Market is expected to reach USD 71.93 billion by 2030, which is USD 21.79 billion in 2022, at a CAGR of 16.10% during the forecast period of 2023 to 2030.
“Growing adoption of supply chain management is bolstering the market growth”
The retail industry is expected to increase significantly during the projected period since most market players are implementing cloud-based technologies to improve their supply chains with data insights. Technology integrations are primarily concerned with comprehending the customer journey and then providing significant change. With the developing retail sector, the adoption of advanced technologies such as cloud supply chain management is increasing; as a result, retail industry participants require solutions that enable organizations to manage structured and unstructured data more efficiently in order to remain competitive. As a result, rising use of cloud supply chain management in the retail industry is expected to propel market expansion.
What restraints the growth of the Global Cloud Supply Chain Management Market?
“Security and privacy concerns will restrain the market growth"
The significant rise in security and privacy concerns among organizations, which is producing challenges with data segregation, is one of the factors limiting market growth. The most typical cause is that employees use unauthorized or untested cloud services, resulting in the failure of the entire cloud supply chain management system. The interface is insecure if the cloud system is accessible via an API. As a result, the rapid rise in security and privacy concerns among businesses will stifle industry expansion.
Segmentation: Global Cloud Supply Chain Management Market
The cloud supply chain management market is segmented on the basis of solution, service, deployment model, organization size and vertical.
- On the basis of solution, the market is segmented into transportation management, procurement and sourcing, order management, sales and operation planning, inventory and warehouse management, demand planning and forecasting.
- On the basis of service, the market is segmented into training and consulting, support and maintenance, managed services.
- On the basis of deployment model, the market is segmented into public, private, hybrid.
- On the basis of organization size, the market is segmented into small and medium enterprises, large enterprises.
- On the basis of vertical, the market is segmented into food and beverage, healthcare and life sciences, manufacturing, retail and wholesale, transportation and logistics.
Regional Insights: North America dominates the global cloud supply chain management market
North America dominates the cloud supply chain management market in terms of revenue and market share, owing to the region's increasing demand for changed infrastructure management and workload migrating to cloud environments. Furthermore, nations such as the United States, Mexico, and Canada have built cloud computing legal frameworks, which has enhanced organizations’ trust in the deployment of key cloud initiatives.
Given the increased awareness of cloud-based SCM among organizations, particularly SMEs in this area, Asia-Pacific will continue to exhibit the highest compound annual growth rate during the forecast period of 2023-2030.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-cloud-supply-chain-management-market
The Prominent Key Players Operating in the Global Cloud Supply Chain Management Market Include:
- Orcale (U.S.)
- SAP (Germany)
- IBM (U.S.)
- CloudLogix (U.S.)
- Cloudera, Inc. (U.S.)
- JDA Software Inc., (U.S.)
- Kinaxis (Canada)
- THE DESCARTES SYSTEMS GROUP INC (Canada)
- Infor (U.S.)
- Manhattan Associates (India)
- American Software, Inc. (U.S.)
- JAGGAER (U.S.)
- Proactis Holdings Limited (U.K.)
- Blue Yonder Group, Inc. (U.S.)
- BluJay Solutions Ltd (U.S.)
- Coupa Software Inc. (U.S.)
- HighJump (Canada)
Above are the key players covered in the report, to know about more and exhaustive list of global cloud supply chain management market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Cloud Supply Chain Management Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
