Global Cloud Supply Chain Management Market – Industry Trends and Forecast to 2030

Cloud Supply Chain Management Market Analysis and Size

The increasing adoption of cloud-based business operations has digitalized the supply chain industry globally. It can provide an amplitude of volatility and promote enhanced responsiveness to supply chain disruptions. Integrating the cloud in supply chain management is becoming popular because it provides substantial advantages such as cost, control, scalability, security, and speed. Also, growing demand for improved supply chain processes visibility by end-users, advancements in digital technologies, and bolstering the growth of the retail and e-commerce sector will enhance the market growth.

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. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Cloud Supply Chain Management Market Scope and Segmentation

Market Definition

Cloud supply chain management includes those processes which are managing organization with the analytics process and decision-making by using technology such as cloud-based solutions and the internet of things (IOTs). It aids to improve the proficiency and profitability of the organization by introducing the real-time platform. The increasing number of complex business data widely improves cloud supply chain management applications.

Global Cloud Supply Chain Management Market

Drivers

• Increasing adoption of cloud-based solutions among transportation and travel enterprises

The global transportation supply chains and networks are becoming complex due to increased product variations, fragmented channels and customer demand forcustomized solutions. The increase in complexity forces businesses to adopt end-to-end supply chain visibility, such as a cloud supply chain management system for transportation management. The cloud supply chain management system in transportation allows enterprises to engage, connect, and collaborate with business partners, customer and suppliers. These advantages increase the growth of cloud supply chain management systems in transportation management and is expected to drive the market growth during the forecast period.

• Cost-effectiveness nature of cloud supply chain management

The cost-effectiveness of the cloud supply chain management technology is another major driving factor for the growth of the cloud supply chain management market. The on-premises supply chain management solutions are costlier as compared to cloud supply chain management including multiple related expenses, for instance regular IT infrastructure maintenance. Cloud supply chain management provides cost advantages because minimum IT set up is necessary for it. Thus, cost-effectiveness nature of cloud supply chain management is expected to enhance the market growth.

Opportunities

• Growth and expansion of e-commerce

The growth and expansion of e-commerce is predicted to be the major factor for the growth of the cloud supply chain management market because e-commerce companies leverage these solutions to retain and gain their customers via effective delivery of products in minimum time period. Moreover, to hold a good position in the global market, cloud supply chain management vendors are coming up with new practices and solutions to reduce the complexities of supply chain. The number of SMEs is growing rapidly, which would lead to the growth of the cloud supply chain management market in the forecast period.

• Increasing adoption of cloud supply chain management in retail industry

The retail industry is anticipated to witness significant growth during the forecast period because most market players are adopting cloud-based technologies to upgrade their supply chains with insights from data. Technology integrations mainly focus on understanding customer journey and then providing substantive improvement. With the rising retail sector, the adoption of advanced technologies such as cloud supply chain management is significantly growing; therefore, the players of retail industry require tools that allow organizations to manage structured and unstructured data more efficiently to remain competitive. Thus, increasing adoption of cloud supply chain management in the retail industry is likely to drive market growth.

Restraints

• Rapid increase in security and privacy concerns among enterprises

The factors restraining the growth of the market are the rapid rise in security and privacy concerns among enterprises, which is causing problems with data segregation. The most common cause is that employees may use unauthorized or untested cloud services, causing the entire cloud supply chain management system to fail. If the cloud system is accessed through an API, the interface is insecure. Thus, the rapid increase in security and privacy concerns among enterprises will hamper market growth.

This cloud supply chain management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cloud supply chain management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Global Cloud Supply Chain Management Market

The COVID-19 pandemic has boosted the demand for cloud supply chain management significantly. Lockdown was implemented in every countries to halt the cornavirus from spreading further. Aas a result, the global supply chain was also disrupted, and the supply and demand for products and commodities were not met. In order to meet consumer demand, numerous organizations have witnessed a significant growth in the usage of cloud supply chain management and expanding its application globally. Every aspect of various industries is changing due to digital revolution. An increasing number of third-party providers and business vendors are adopting cloud supply chain management solutions, driving the global industry forward.

Recent Development

• In 2022, SAP started their partnership with Apple to collaborate throughout the digital supply chain. SAP revealed a new suite of apps that equip workers with simple tools and modernize the digital supply chain and also transform how people operate on iPads and iPhones.
• In 2021, Infor, the industrial cloud provide, has launched a new edition of fully cloud-enabled hotel management software in Infor Hospitality suite of solutions. This update focuses on making new choices for delivering and optimizing customized services. Infor HMS is cloud-based technology which is accessible in real time and allowing hotels to customize a frictionless and smooth experience.
• In 2020, Oracle Corporation launched Oracle Logistics Digital Assistant, an AI-powered virtual assistant for Oracle Cloud Logistics. Employees and customers can now easily access order shipment tracking and status while on the go, without having to navigate by Oracle Transportation Management (OTM) application.

 Global Cloud Supply Chain Management Market Scope

The cloud supply chain management market is segmented on the basis of solution, service, deployment model, organization size and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Solution

• Transportation Management
• Procurement and Sourcing
• Order Management
• Sales and Operation Planning
• Inventory and Warehouse Management
• Demand Planning and Forecasting

Service

• Training and Consulting
• Support and Maintenance
• Managed Services

 Deployment Model

• Public
• Private
• Hybrid

Organization Size

• Small and Medium Enterprises
• Large Enterprises

Vertical

• Food and Beverage
• Healthcare and Life Sciences
• Manufacturing
• Retail and Wholesale
• Transportation and Logistics

Cloud Supply Chain Management Market Regional Analysis/Insights

The cloud supply chain management market is analyzed and market size insights and trends are provided by country, solution, service, deployment model, organization size and vertical as referenced above.

The countries covered in the cloud supply chain management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the cloud supply chain management market in terms of revenue and market owing to the increasing demand for modified infrastructure management and shifting workload towards cloud environment in this region. Furthermore, countries such as the United States, Mexico and Canada have developed regulatory frameworks for cloud computing, which has increased confidence of organizations in the deployment of strategic cloud initiatives.

Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2023-2030 owing to increasing awareness regarding cloud-based SCM among enterprises, especially SMEs in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Cloud Supply Chain Management Market Share Analysis

The cloud supply chain management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cloud supply chain management market.

Some of the major players operating in the cloud supply chain management market are:

• 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) 

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