Return to: Computer NewsGlobal Cloud SCM Market to Attain the Market Size of USD 15.3 billion by 2024The 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. Get Free Report Sample At: https://www.vynzresearch.com/ict-media/cloud-scm-market/request-sample 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 Contact Us: VynZ Research Call: +91-996-028-8381 Toll Free (U.S. and Canada): +1-888-253-3960 Email: enquiry@vynzresearch.com Web: https://www.vynzresearch ... News Release: Global Cloud SCM Market to Attain the Market Size of USD 15.3 billion by 2024 Submitted on: June 06, 2020 01:49:34 PM Submitted by: birendra kumar On behalf of: https://www.vynzresearch.com/ict-media/cloud-scm-market |