Global Cloud SCM Market to Attain the Market Size of USD 15.3 billion by 2024
Published: 2020-06-06 13:48:35


The global cloud supply chain management market is expected to grow at 20.0% CAGR during the forecast period with the market size reaching USD 15.3 billion by 2024. The market is driven by factors such as low initial investment levels and increasing high demand from the transportation and logistics sector. Industry players are expanding their product portfolio with a focus on easing the complexities of the supply chain by providing inventory & warehouse management, transportation management, demand planning & forecasting, logistics management, and sales and operations planning among others.

The cloud SCM market is growing significantly due to factors such as a reduction in supply chain management cost by using these cloud services and solutions and also lower chances of potential failures in the supply chain. The technology offers enterprises real-time updates on inbound shipment and quality levels. Real-Time update of quality levels helps enterprises to ensure minimum errors in the supply of goods from production centers to customers. This, in turn, helps them to reduce the overall cost and increases customer satisfaction levels. Also, the increasing awareness among enterprises regarding the benefits of these solutions and services supports the demand for these solutions, globally.

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On the basis of user-type, the market is segmented into small and medium enterprises, and large enterprises. Large enterprises are the major contributor to the cloud SCM market as the supply chain remains complex in these enterprises, thus requiring cloud SCM solutions for efficient management of its supply chain. Among different industries including retail & wholesale, energy & power, transportation & logistics, food & beverage, manufacturing, hospitality, government, and healthcare & life sciences, the Cloud SCM market generated the largest revenue from the energy & power industry as the cloud SCM solutions help enterprises to make supply chain management resilient and efficient.

North America is the largest Cloud SCM market, globally as the players in the region are continuously focusing on the research and development and collaborations in the cloud SM industry. Asia-Pacific is observed to witness the fastest growth in the market as different countries in the region are adopting online business practices and investing in the smart manufacturing and distribution of goods.

Key players operating in the cloud SCM industry are Oracle Corporation, SAP SE, JDA Software Group, Inc., Infor, Inc., Manhattan Associates, Inc., Descartes Systems Group, Inc., Kewill, Inc., TECSYS, Inc., Kinaxis, Inc. and Logility, Inc.



Global Cloud SCM Market Coverage

Solution Insight and Forecast 2014-2024

Inventory & Warehouse Management
Transportation Management
Demand Planning & Forecasting
Logistics Management
Product Life-Cycle Management
Sales & Operations Planning
Product Master Data Management
Order Management
Procurement & Sourcing
Service Type Insight and Forecast 2014-2024

Support & Maintenance
Training & Consulting
Managed Services
Deployment Type Insight and Forecast 2014-2024

Public Cloud
Hybrid Cloud
Private Cloud
User-Type Insight and Forecast 2014-2024

Small and Medium Enterprises
Large Enterprises
Industry Insight and Forecast 2014-2024

Retail & Wholesale
Energy & Power
Transportation & Logistics
Food & Beverage
Manufacturing
Hospitality
Government
Healthcare & Lifesciences
Geographical Segmentation

Cloud SCM Market by Region

North America

U.S.
Canada
Europe

Germany
France
Russia
Rest of Europe
Asia-Pacific

Japan
China
India
Rest of Asia-Pacific
Latin America

Brazil
Rest of Latin America
Middle East & Africa (MEA)

Saudi Arabia
Rest of MEA

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