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Cloud Supply Chain Management (SCM) Market Size,
Share, Development, Growth and Demand Forecast to 2023
As per the research, the global cloud SCM market is likely to grow from $3,260 million in 2016 to
$11,047.2 million by 2023. As the modern supply chain management (SCM) is becoming
strategic, adaptive and demand driven, software vendors are developing systems to support the
new SCM paradigm. The new supply chain systems will go beyond operating efficiencies to a
totally integrated system that improves management, planning and execution at all levels,
providing the business organizations key competitive advantages. Insufficient data, lack of
standardized processes and inadequate technologies oppose effective risk management.
The supply chain software vendors are enhancing management features to understand risks,
the impact of risks and how to mitigate those risks. Cloud SCM helps business enterprises to
perform high impact risk management planning with the use of software simulation models.
Moreover, the supply chain sub-systems will provide real-time updates on events and
facilitate the deployment of contingency plans, to manage common low impact events. For
instance, if an overseas container is lost during shipping, the transportation system would get
prior notification and the demand management team can recalculate the sales forecast, reprioritize fulfillment and deploy demand shifting strategies.
Access Report Description : https://www.psmarketresearch.com/market-analysis/cloudsupply-chain-management-market
Small & medium enterprises and large enterprises are increasingly turning to cloud SCM
offerings because of their close affinity with SaaS and the anticipated greater ease of use,
lower costs and faster time-to-integrate compared to traditional supply chain management
concept. Cloud SCM helps companies to improve their service levels by collaborating the
supply chain partners (retailers, suppliers and distributors) that play a major role in demand
forecasting. The cloud based platforms get data from the internet and perform basic
operations like analytics and more accurate demand forecast for all supply chain partners.
The adoption of inventory management is usually enhanced by many business organizations,
since it enables them to use bar coding technologies and wireless services. RFID system
integrates with the cloud based centralized data management system to deliver global
identification and tracking of any items or goods across the global supply chain management
lifecycle As per the findings of the research, energy & power has been the largest user cloud
SCM systems. Based on solution, demand planning & forecasting has been the largest
revenue generating solution in the global cloud SCM market. Among the deployment types,
hybrid cloud has been generating the highest revenue for global cloud SCM market. The
training & consulting service contributed the highest revenue to the global market in 2015.
the global cloud SCM market is projected to reach $11,047.2 million by 2023, growing at a CAGR
of 19.2% during 2017 - 2023.
Geographically, North America has been the largest contributor to the global cloud SCM
market. According to the research, the business organizations in North America are
increasingly using cloud computing for effectively managing their supply chain process.
They are using cloud services and SaaS integration with the same rigor and discipline
adopted to support data management technology and platform management technology in
supply chain information collaboration. The companies in North America are adopting cloud
SCM, for its flexible nature and ability to increase or decrease computing power as required
by its users. As the supply chain process is highly distributed in nature, the companies notice
high scalability issue in their supply chain management system. To overcome this issue, the
business enterprises in North America are scaling up IT services of their supply chain at a big
level to gain higher productivity.
Demand planning has enabled the companies to forecast the requirement of their industry,
market and customers, more accurately. Demand planning enables the business organizations
to link and integrate processes across various networks. The increasing number of internet
dependent organizations is also accelerating the need for demand planning. Besides, it
enables closer collaboration among the employees of the organizations and responds
dynamically to market and consumer trends. Moreover, demand planning helps business
enterprises to deliver a better and more rewarding experience across the value chain.
Business enterprises remain equipped with advanced tools, technologies and forecasting
methodologies, which sharpen their ability to view numbers and predict information. The
demand management solutions are the key driving factors bolstering the demand for cloud
SCM. These solutions help in predicting information for various contexts, based on
independent and dependent demand data provided for various products and channels. Also,
these solutions generate statistics based forecasts from the most recent data, causal factors
and events. This helps business organizations to fulfill the demands of a more challenging
customer base, more effectively predict and manage replenishment, align price and profit
margins, better leverage past product performance and maintain a leaner and more profitable
Demand management takes supply chain management to the next level by enabling an
automated “ecosystem” that simultaneously maps demand forecasting against factors like
financial predictions, supply restrictions, inventory counts and customer commitments as well
as patterns of behaviour that can affect the demand at any given time.
The research uncovers that the global cloud SCM market had a consolidated structure in
2015, where the top three competitors accounted for the major share of the market. Some of
the key players in the global market include SAP SE, Infor, Inc., Oracle Corporation, The
Descartes Systems Group Inc., JDA Software Group, Inc., Manhattan Associates, Inc.,
Logility, Inc., Kinaxis, Inc., Highjump Inc., Kewill, Inc., Tecsys, Inc. and Cloudlogix, Inc.
GLOBAL CLOUD SCM MARKET SEGMENTATION
Procurement & Sourcing
Product Life-Cycle Management
Product Master Data Management
Sales & Operations Planning
Inventory & Warehouse Management
Demand Planning & Forecasting
Training & Consulting
Support & Maintenance
By Deployment Type
By User Type
Small & Medium Enterprises
Food & Beverage
Healthcare & Lifesciences
Retail & Wholesale
Transportation & Logistics
Energy & Power
Rest of Europe
Middle-East & Africa
Rest of MEA
Rest of Asia-Pacific
Brazil Rest of Latin America