Cloud Supply Chain Management Market Size, Share & Segmentation by Solution (Transportation management, Procurement and sourcing, Order management, Sales and operation planning, Inventory and warehouse management, Demand planning and forecasting), by Service (Training and consulting, Support and maintenance, and managed services) by Deployment Model (Public Cloud, Private Cloud, and Hybrid cloud), by Vertical(Food and Beverage, Healthcare and life sciences, Manufacturing, Retail and wholesale, Transportation and logistics, Others), by Regions and Global Market Forecast 2023-2030

Report Scope & Overview:

The Cloud Supply Chain Management Market size was valued at USD 9.13 Bn in 2022 and is expected to reach USD 36.98 Bn by 2030, and grow at a CAGR of 19.1% over the forecast period 2023-2030.

Cloud Supply Chain Management enables businesses to employ new technologies to minimize the environmental imprint of their supply networks, enhance resource efficiency, raise regulatory compliance, and mitigate risk. Companies may use the cloud to oversee company performance and choices from a vantage point of balance. Cloud Supply Chain Management enables businesses to innovate operations at all levels of their supply chain, from planning and sourcing through manufacturing, transportation, and distribution, as well as get fresh insights for decision-making and automating tasks. It contributes to the development of stronger, more intelligent supply networks.

In May, 2022, SAP and Apple collaborated on digital supply chain apps. SAP, a German multinational software firm, is collaborating with Apple to build connections throughout the digital supply chain. SAP has introduced a new suite of applications that simplify the digital supply chain and empower workers with intuitive tools as part of its ongoing cooperation with Apple to revolutionize the way people operate on iPhones and iPads.

MARKET DYNAMICS:

KEY DRIVERS:

• Cloud-based supply chain management is becoming more popular in transportation management.

• Enterprises are increasingly in need of demand management solutions.

• Increasing business continuity by reducing probable breakdowns

• Enterprises are becoming more aware of the benefits of cloud-based supply chain management.

RESTRAINTS:

• Growing enterprise security and privacy concerns

• Enterprise IT architecture has less customization options and flexibility.

• Cloud-based supply chain management systems provide data segregation difficulties for businesses.

OPPORTUNITY:

• E-commerce is expanding rapidly.

• Cloud Supply Chain Management is becoming more popular among small and medium-sized businesses.

CHALLENGES:

• Inadequate technical knowledge

• Large organizations have challenges in migrating to cloud-based supply chain management.

• Companies that use cloud-based supply chain management solutions are pushed to modernize.

IMPACT OF COVID-19:

The COVID-19 pandemic has highlighted the growing demand for dependable supply chain technology solutions that customers may access from any location. The outbreak has highlighted the need for cloud supply chain management. When COVID initially brought the world to a standstill, most businesses were surprised by their lack of visibility throughout the entire supply chain. This is because contrary to common assumptions, most supply chains are still rather linear today. Due to a lack of timely information that leaders required to make important choices, supply networks all across the world were thrown into chaos in a couple of weeks.

There is no more waiting for reports to process, no more manually searching through flat files of point-of-sale data, no more juggling several interfaces, and no more flying blind since the end-to-end supply chain information flow is totally in the cloud. Simply said, it is the seamless integration of supply chain partners that provides near-real-time visibility into the whole supply chain.

MARKET ESTIMATION:

The cloud SCM market is divided into demand planning and forecasting, inventory & warehouse management, product life-cycle management, logistics management, sales & operations planning, order management, transportation management, procurement & sourcing, and product master data management, based on the solution. The market for demand planning and forecasting solutions is expected to grow at the fastest rate over the forecast period. In this day and age, practically every firm is dependent on the internet, which is a driving force in the growing market for cloud SCM demand planning and forecasting solutions. The growing number of internet-dependent enterprises is driving up demand for cloud SCM demand planning and forecasting solutions, which let organizations connect and integrate their activities across networks. This enables closer cooperation among a company's personnel and active response to changing market trends and consumer requirements. Furthermore, demand planning and forecasting is an excellent approach for providing a satisfying experience along the value chain.

The cloud SCM market is classified into three service categories: training and consulting, managed services, and support and maintenance. In terms of revenue, the service and maintenance segment held the highest proportion in 2021. The need for training and consulting services is quickly expanding due to the need for low-cost investment and an increase in the demand for knowledge to strengthen the supply chain.

The market is divided into three segments based on deployment: hybrid cloud, public cloud, and private cloud. The hybrid cloud was found to be the most desired deployment option among companies, accounting for more than half of the cloud SCM market in 2021, whereas private and public clouds accounted for less than half of market revenue In the user type group, large organizations contributed more money than small and medium businesses (SMEs).

The market is divided into industries such as energy and power, retail and wholesale, food and drinks, transportation and logistics, manufacturing, healthcare and life sciences, hospitality government, and others. During the historical period, energy and electricity were the biggest income generators for the market.

KEY MARKET SEGMENTS:

On The Basis of Solution

• Transportation management

• Procurement and sourcing

• Order management

• Sales and operation planning

• Inventory and warehouse management

• Demand planning and forecasting

On The Basis of Service

• Training and consulting

• Support and maintenance

• Managed services

On The Basis of Deployment Model

• Public cloud

• Private cloud

• Hybrid cloud

On The Basis of Vertical

• Food and beverage

• Healthcare and life sciences

• Manufacturing

• Retail and wholesale

• Transportation and logistics

• Others

REGIONAL ANALYSIS:

North America dominates the cloud supply chain management market and will continue to do so throughout the projected period owing to the region's shifting burden to the cloud environment and the increased need for modified infrastructure management. Furthermore, the United States' gross refrigerated storage capacity is expanding, which is driving the region's market growth. Furthermore, rising cloud usage in the area is projected to stimulate the use of data analytics platforms, which is expected to drive market expansion.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

KEY PLAYERS:

The major key players are SAP SE, Oracle Corporation, Infor Inc, Descartes Systems Group Inc, IBM Corporation, Manhattan Associates, Inc., Logility, Inc., Kewill, Inc., Kinaxis, Inc., TECSYS, Inc

Frequently Asked Questions (FAQ) :