jamesrowanCloud Supply Chain Management Market Outlook
According to the report by Expert Market Research (EMR), the global cloud supply chain management market size reached a value of USD 7.09 billion in 2023. Aided by the rising adoption of cloud-based services across various sectors, the market is projected to further grow at a CAGR of 11.1% between 2024 and 2032 to reach a value of USD 18.22 billion by 2032.
Cloud supply chain management involves the use of cloud-based solutions to execute, control, and monitor supply chain transactions and activities. It enables real-time visibility, scalability, flexibility, and cost-effectiveness, making it an increasingly popular choice among businesses. The software offers numerous services such as customer and supplier portals, inventory and warehouse management, transportation management, and sales and operation planning, among others.
A factor driving the cloud supply chain management market growth is the increasing trend towards digitisation and the growing emphasis on business process automation. Businesses, in their pursuit of higher operational efficiency and transparency, are actively adopting cloud-based supply chain management solutions. These solutions, thanks to their real-time tracking and analytics capabilities, aid in streamlining supply chain processes, reducing operational costs, and improving customer satisfaction levels.
Another factor propelling the cloud supply chain management market expansion is the surge in e-commerce activities worldwide. The complex and dynamic nature of e-commerce operations necessitates efficient supply chain management to ensure the timely and accurate delivery of products. As a result, e-commerce giants are increasingly leveraging cloud-based supply chain management solutions to enhance their operational efficiency and customer service.
Beyond its applications in e-commerce, cloud supply chain management is also being adopted across various industries, including retail, manufacturing, transportation, healthcare, and more, propelling the cloud supply chain management market share. In the healthcare sector, for example, the software is used to track and manage the supply of critical medical supplies, helping to improve patient care and outcomes. Similarly, in the manufacturing sector, it aids in efficient inventory management and reduces lead times, contributing to better productivity and profitability.
Organisations are increasingly adopting multi-cloud and hybrid cloud strategies for their supply chain management initiatives to leverage the strengths of different cloud providers and optimise performance, scalability, and flexibility. As per the cloud supply chain management market analysis, multi-cloud environments enable businesses to avoid vendor lock-in, distribute workloads across multiple cloud platforms, and access specialised services for specific supply chain requirements. Hybrid cloud deployments allow organisations to seamlessly integrate on-premises systems with cloud-based applications, enabling hybrid supply chain architectures that combine the benefits of both environments.
The concept of autonomous supply chains, powered by advanced technologies such as IoT sensors, autonomous vehicles, and predictive analytics, is gaining traction in the market. These autonomous systems enable self-learning, self-optimising supply chains that can anticipate demand, adapt to changing market conditions, and make autonomous decisions without human intervention. As per the cloud supply chain management market outlook, cloud-based platforms facilitate the integration of IoT devices, sensor data, and machine learning algorithms to create intelligent supply chain networks that operate with greater agility, resilience, and efficiency.
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As the global business landscape continues to evolve, more and more companies are shifting towards sustainable and green supply chain practices. This growing trend towards sustainability is expected to open new avenues for the growth of the cloud supply chain management market. Cloud-based solutions, with their ability to provide real-time visibility and control over supply chain operations, can play a crucial role in helping businesses reduce their carbon footprint and achieve their sustainability goals.
Cloud Supply Chain Management Market Segmentation
The market can be divided based on solution, deployment type, organisation size, end use, and region.
Market Breakup by Solution
- Demand Planning and Forecasting
- Inventory and Warehouse Management
- Product Life-Cycle Management
- Transportation and Logistics Management
- Sales and Operations Planning
- Others
Market Breakup by Deployment Type
- Hybrid Cloud
- Public Cloud
- Private Cloud
Market Breakup by Organisation Size
- Large Enterprises
- Small and Medium Enterprises
Market Breakup by End Use
- Automotive
- Food and Beverage
- Healthcare
- Manufacturing
- Oil and Gas
- Retail
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global cloud supply chain management companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- SAP SE
- Oracle Corporation
- Infor
- IBM Corporation
- Blue Yonder, Inc.
- Accenture Plc
- Logility Inc.
- Korber AG
- Cloud Logix LLC
- Tecsys Inc.
- Others
