Cloud Supply Chain Management Market (SCM) to Rise at 19.8% CAGR to 2021

Feb 15, 2017

The cloud SCM market size is estimated to grow from 3.26 billion in 2016 to USD 8.07 billion by 2021, at a CAGR of 19.8% during the forecast period inventory and warehouse management solution is expected to have the fastest growth rate during the forecast period.

Pune, India - February 15, 2017 /MarketersMedia/ —

The market is driven by factors, such as need for business agility, faster deployment & scalability, increasing awareness about cloud SCM among enterprises globally, and reduced costs of ownership. However, enterprises face some obstacles while adopting cloud SCM, such as security concerns, data protection, and complexities involved in application portability.

Complete report on global cloud SCM market spread across 146 pages, profiling 12 companies and supported with 64 tables and 55 figures is now available at http://www.rnrmarketresearch.com/cloud-supply-chain-management-market-by-solution-transportation-management-procurement-sourcing-sales-operation-planning-inventory-warehouse-management-service-deployment-organization-size-vertical-a-st-to-2021-market-report.html .

The cloud-based inventory and warehouse management solution manages daily operations in a warehouse and enables centralized management of tasks, such as inventory control, tracking, and location of stock items. The demand for this solution is increasing due to benefits offered, such as faster inventory movement, efficient use of warehouse space, reduced inventory paperwork, improved cycle counting, and reduced dependency on warehouse personnel.

On the basis of services, the training and consulting service segment is projected to grow at the highest CAGR during the forecast period. The service enables enterprises to choose the best possible solutions &services, depending on the requirement of the businesses and their users.Furthermore, it helps the enterprises make better and informed business decisions in a technology-centered world.

Various key cloud SCM providers profiled in this report such as SAP SE ( Walldorf, Germany), Oracle Corporation (California, U.S.), Infor, Inc. (New York, U.S.), JDA Software Group, Inc. (Arizona, U.S.), Descartes Systems Group, Inc. (Ontario, Canada), Manhattan Associates, Inc. (Atlanta, Georgia, U.S.), Logility, Inc. (Atlanta, Georgia U.S.), Kewill, Inc. (Massachusetts, U.S.), Kinaxis, Inc. (Ontario, Canada), HighJump (Minnesota, U.S.), TECSYS, Inc. (Montreal, Canada) and CloudLogix (Colorado, U.S.). Order a copy of 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 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=871734 .

North America is expected to hold the largest market share in 2016, while APAC is the fastest growing region, in terms of CAGR. Cloud SCM helps avoid resource conflict & IT glitches, and is therefore growing rapidly in APAC. Cloud emergence and mandatory government regulations are simultaneously helping boost the growth of the cloud SCM market in this region.

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Release ID: 170101

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