Global Cloud Supply Chain Management Market is valued at USD 18.77 Billion in 2021 and expected to reach USD 132.88 Billion by 2028 with a CAGR of 32.3% over the forecast period.
Global Cloud Supply Chain Management Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: Factors including greater organisational knowledge of the advantages of Software as a Service, cloud based SCM, reduced operating expenses, and enhanced operating visibility are propelling the worldwide expansion of the cloud supply chain management industry.
Cloud supply chain administration refers to controlling the supply network cycle inside a company that is accessible in flexible places, with online or Internet of Things (IoT) data, analysis, and decision-making all actually occurring. There is a necessity for data and computation to be centered on the clouds in this period of complicated business and vast penetration and globalization of commerce and services, i.e. capabilities are available at a site and may be utilized when required. In other words, computation on a vast scale is wherein utilities are delivered on request. Worldwide-operating organizations have realized the advantages of cloud-based solutions for their supply network operations, consequently boosting efficiency and revenue. For a meaningful, optimum, and efficient utilization of time and resources, the upcoming supply chain has to enable access to all data from diverse places at a position prepared to be serviced. Although traditional supply chain administration is significantly more procedural, the cloud-based solution gives real-time accuracy and 360-degree performance management.
Post-COVID-19, the market is expected topick up pace and witness remarkable growth in the ensuing years . This is attributable to the sudden surge in the market for SCM software owing to support business disruptions created by the COVID-19 outbreak. Furthermore, there is tremendous demand for online commerce in numerous industries, which demands food & beverage, industrial, and logistics firms to enhance their expenditures in digitization, along with the automated processes of supply chains. Thus, fuelling the expansion of the SCM business. Due to this outbreak, a lot of businesses are impacted, and managing complicated supply chain connections would be tough for them, which is predicted to fuel the need for SCM software. For example, based on a survey performed by "Institute for Supply Chain Management Organization" in March 2020, nearly 75% of the companies surveyed worldwide SCM interruptions inside one form or some other owing to the coronavirus-linked mobility constraints and it is further anticipated to rise in the coming few weeks.
The global Cloud Supply Chain Management market is segmented based on the service, solution, deployment mode, organization size, vertical, and region & country level. Based on service, the global Cloud Supply Chain Management market is segmented into Support & Maintenance, Training & Consulting, Managed Services. By solution, the market is segmented into Transportation management, Order management, Procurement and sourcing, Sales and operation planning, Demand planning and forecasting, Inventory and Warehouse management. By organization size, the global Cloud Supply Chain Management market is segmented into SMEs, Large Enterprises. By deployment model, the global Cloud Supply Chain Management market is segmented into Public Cloud, Hybrid Cloud, Private Cloud.
The regions covered in the global Cloud Supply Chain Management market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Cloud Supply Chain Management is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players for the global Cloud Supply Chain Management market report cover prominent players like
Amazon. com Inc Launched A Supply-Chain Management Service To Its Web Services Company
On November 6th, 2022; Amazon. com Inc. announced its decision to launch a supply-chain management service to its web services company, stepping into a highly competitive technology industry as corporations aim to acquire tighter management of the flow of products from manufacturers to customers. Amazon’s debut of its cloud program, AWS Supply Chain, joins Amazon to an expanding number of software companies, including Manhattan Associates as well as Blue Yonder, that assist retailer’s balancing more complicated freight flows and inventory needs.
Microsoft Corp. unveiled the Microsoft Supply Chain Framework
On November 14th, 2022; Microsoft Corp. unveiled the Microsoft Supply Chain Framework, which enables enterprises optimise their distribution network data estate investments with an open approach, delivering the advantages of Microsoft AI, communication, low-code, safety and SaaS apps in a composable forum.
Kinaxis Inc. announced a collaboration with Google Cloud
On October 13th, 2022; Kinaxis Inc. the expert in driving flexibility for rapid, confident judgement in an uncertain environment, announced a collaboration with Google Cloud to provide the market’s best supply chain management solutions, Kinaxis RapidResponse, accessible on Google Cloud.
The business expansion can largely be described by the spike in the number of technological advances throughout the last 20 years which have been going to take place in the computer technologies sector. Numerous residential and commercial applications have been experiencing a surge in the combined usage of Internet of Things (IoT) as well as Artificial Intelligence (AI) capabilities, which thus is anticipated to fuel the expansion of the worldwide Cloud Supply Chain Management industry over the coming decade. Since 2018, the expenditure on IoT has been growing by roughly USD 38 Billion Y-o-Y. Additionally, in the year 2020, this expenditure got nearly USD 750 Billion and is also predicted to exceed USD 1 Trillion at the conclusion of 2022. In addition, various end-use businesses have been seeing digitalization that is also anticipated to have a favorable influence on the development of the Cloud Supply Network Administration industry in the approaching years. Furthermore, with the increased acceptance of Ir 4.0 and Industry 5.0, the market is expected to attain considerable altitudes in the approaching decade. For instance, it is estimated that Industry 4.0 might unlock cost-of-quality by around 15-25% and also cut machine outages by 28-48%. Furthermore, the expense of inventory-holding is predicted to fall by 13-18%.
The worldwide Cloud Supply Chain Administration industry is also anticipated to develop based on a spike in the conversion of corporate models, driven largely by the growth in the usage of modern communication systems, including 5G. It is projected that by the conclusion of 2022, the deployment of 5G will reach 1 Billion. Furthermore, it is predicted that a maximum of over 4060 Million mobile customers of 5G is likely to be registered by the conclusion of 2027.
Security problems involve hazards related to compromised information or the misinterpretation of information that builds a major worry for the firm that utilizes these institutions. Another actual problem of the employment of these architectures will be the dependency on focal access to authenticate information together with the risks identified with the full network coming down, which also affects the public sector. In the approaching years, the constructive principle of this innovation permitting speedier transmission of item information would surely give prospects for this sector.
North America is likely to witness noteworthy market expansion, largely supported by the adoption of GS1 specifications meant to increase the safety, speed, and transparency of distribution networks spanning physical as well as digital media across 25 industries in the United States. The increased usage of the internet in the US is adding to the industry. Based on research issued by Stormforgein in April 2021, 18% of participants from North America claim that their firm has a monthly cloud expenditure of between USD 100,000 as well as USD 250,000. Furthermore, 44% of respondents anticipate cloud expenditure to grow substantially over the upcoming 12 months, whereas another 32% state that they anticipate their organization's cloud expenditure to expand greatly during the next 12 months.
Consumers in the United States are gaining from the multiplicity of transit options in their constantly connected surroundings. Logistics organizations provide the integration of communication flow via supply chain administration software, packaging, palletizing, storage, shipping, returned products monitoring, and brokerage.
Further, growing product innovation by major players in the area is likely to support regional market growth during the forecast period. For instance, in May 2022, SAP worked with Apple to establish cooperation across the digital supply chain. SAP has announced a new suite of applications that simplify the digital supply chain and empower employees with easy tools as part of its continuing cooperation with Apple to revolutionize how people function on iPhones and iPads.
Middle East and Africa
|2018 - 2021
|2021 - 2028
|Market Size in 2021:
|USD 18.77 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 132.88 Billion
|Tables, Charts & Figures:
|Infor, CloudLogix, Proactis Holdings Limited, JAGGAER, HighJump, THE DESCARTES SYSTEMS GROUP INC., American Software, Inc., Descartes Systems Group, Inc., Basware, Tecsys, Inc., Oracle, SAP SE, Kinaxis, Inc., Dassault Systèmes, Kewill, Inc., Blue Yonder Group, Inc., Coupa Software Inc., and Manhattan Associates and others.
|By Service, By Solution, By Organization Size, By Deployment Model.
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, Africa, Rest of the Middle East and Africa
By Organization Size:
By Deployment Model:
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