Cloud Supply Chain Management Market Insights by Emerging Trends, Growth and Forecast till 2021

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

The cloud SCM market size is estimated to grow from 3.26 billion in 2016 to USD 8.07 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period. 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.

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.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Cloud Supply Chain Management Market Insights by Emerging Trends, Growth and Forecast till 2021

“Training and consulting service segment is expected to have the largest market share”
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.

“Asia-Pacific (APAC) is projected to grow at the highest CAGR”
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.

The break-up profiles of primary participants is given below as:
• By company: Tier 1 – 33%, Tier 2 – 41%, and Tier 3 – 26%
• By designation: C level – 47%, Director level – 35%, and Others – 18%
• By region: North America – 49%, Europe – 29%, APAC – 17%, and RoW- 5%

Research Coverage
The cloud SCM market has been segmented based on services, deployments, organisation sizes, verticals, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overviews, products & services, key strategies, new product launches, partnerships, agreements, & collaborations, business expansions, and competitive landscape associated with the cloud SCM market.

The report will help the market leaders/new entrants in this market in the following ways:
• This report segments the cloud SCM market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different verticals & regions.
• This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, & opportunities.
• This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 15
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 20

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