The global cloud supply chain management market by solution, deployment type, vertical, and region is expected to reach USD 33.4 billion by 2029, expanding at a CAGR of 19.5% over the forecast period, according to a new report by Foresight Market Research. Growing e-commerce and rising adoption of cloud-based systems are major factors driving growth of the cloud supply chain management market globally.
Increasing penetration and growth of E-commerce across the industries is an important factor driving growth of the global market. The E-commerce is now not only limited to apparel and fashion industry, it is now entered in all type of business sector including manufacturing, food and beverages. For example, in the year 2017, Aditya Birla Online Fashion (Abof) has implemented Watson and IBM Cloud. This is expected to help Abof to deliver a convenient and customized shopping feature to their customers.Growing number of start-ups and various small and medium size industries across the globe is expected to drive market growth during next few years. For instance, in 2019 more than 1,300 tech start-ups newly added in India. In addition, the investment in these start-ups is also increasing, which is expected to support growth of the cloud supply chain management market over the forecast period. However, growing concerns about data theft, data security, and data privacy among manufacturers, suppliers, and end customers or consumers is a major factor affecting growth of the global market.
Sales and operation planning segment accounted for highest share in 2019
The Sales and operation planning Solution segment accounted for highest revenue share and is expected to witness significant growth rate during the forecast period, owing rising demand for solution that aid making supply chain decision.
Hybrid Cloud to witness highest growth during forecast period
The Hybrid cloud Deployment Type segment is expected to witness highest growth rate during the forecast period, owing to feasibility of hybrid cloud in terms of cost, and access & use as compared to public cloud.
Retail and wholesale segment accounted for highest share in 2019
The retail and wholesale segment accounted for highest revenue share in the global market in 2019 and is expected to witness highest growth rate during the forecast period, owing to rising demand for efficient inventory and warehouse management system coupled with logistic tracking capabilities.
For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American accounts for the major revenue share of 32.5 % in 2018, owing to growing adoption of advanced infrastructure management system coupled with shift of workload to cloud environment are major factors driving growth of the North America cloud supply chain management market. The market in Canada is expected to witness highest growth during the forecast period.
The market in Asia Pacific is expected to witness highest growth there by registering a CAGR of 21.6% over the forecast period. This growth can be attributed to increasing investment in IT infrastructure, increasing ecommerce sector in country coupled with rising focus on customer experience and mobility.
Cloud Supply Chain Management Market, By Product Type:
Cloud Supply Chain Management Market, By Deployment Model:
Cloud Supply Chain Management Market, ByVertical:
Key Players Covered:
Key players operating in the market areSAP SE, Infor, Inc., Oracle Corporation, The Descartes Systems Group Inc., JDA Software Group, Inc., Manhattan Associates, Inc., Kinaxis, Inc., Highjump Inc., andElemica, Inc.
Key features of the study:
Foresight Market Research provides detailed analysis on Cloud Supply Chain Management Market in our report- Global Cloud Supply Chain Management Market by Product Type, Deployment Model, Vertical and region. The report provides market size (US$ Bn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the Cloud Supply Chain Management Market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.
Global Rubber Market Size, Growth, Industry Analysis and Forecast 2020Read more...
Global plastic bottle Market Size, Growth, Industry Analysis and Forecast 2019 To 2026Read more...
Global Military Electro-Optics Infrared (EO-IR) System Market to reach USD 29.81 billion by 2028Read more...