Market Size of Cloud Supply Chain Management Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 11.09 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Cloud Supply Chain Management Market Analysis
The cloud supply chain management market is analyzed to grow at a CAGR of 11.09% during the forecast period (2022 - 2027). The accelerated adoption of cloud-based business operations globally has digitalized the supply chain industry. It can accommodate the amplitude of volatility and constant speed and promote enhanced responsiveness to supply chain disruptions. Organizations are restructuring their supply chains as a digital supply network that unites physical flows of products and services and provides affordable, efficient, safer, and infinitely scalable solutions that can be easily integrated with existing systems.
- Cloud computing is quickly growing to support collaborative transportation management solutions (TMS) and other aspects of transportation management, such as sourcing of network capacity, complete visibility and event management, and ancillary functions, including freight pay and audit.
- Cloud computing is now perceived as a significant cost-saving alternative, giving a route through which supply chain executives can quickly and efficiently access innovative solutions delivered through a SaaS model and deploy them at scale. With the emergence of industry 4.0, numerous vendors are implementing digital technologies to improve, automate, and modernize the entire process. Integrating the cloud is becoming increasingly popular because it offers substantial advantages such as scalability, security, cost, control, and speed.
- The COVID-19 pandemic has highlighted the growing demand for dependable, anytime-accessible supply chain technology solutions. Through the cloud, information latency is achieved. It integrates the intricate web of systems and data that serves up the supply chain, starting with suppliers and their suppliers and moving on to inbound logistics providers, a company's factories and warehouses, outbound carriers, distributors, and eventually customers. Thereby making the cloud transformative for supply chains. It provides the atmosphere and technology required to quickly, inexpensively, and securely raise the bar for information sharing. Near-real-time visibility across the whole supply chain is easily provided by seamless integration among supply chain partners.
- The most frequent problem businesses have with cloud-based solutions is data protection and privacy. Data access should only be permitted for approved members, such as reputable supply chain partners. Data security ultimately depends on how each firm uses the resources at their disposal, even while cloud-based solutions have numerous security protocols in place to prevent unwanted access to personal data. This acts as a challenge to the market.
Cloud Supply Chain Management Industry Segmentation
Cloud supply chain management is transforming the supply chain sector by leveraging the power of cloud technology and forming a connected ecosystem that provides end-to-end visibility, real-time insights, and decisive actions and also significantly cut down the cost. Unlike traditional supply chain management systems that are much more transactional, it offers the real-time accuracy and 360-degree management of cloud management solutions.
The Cloud Supply Chain Management Market is segmented by Solution (Demand Planning and Forecasting, Inventory and Warehouse Management, Product Life-Cycle Management, Transportation and Logistics Management, Sales and Operations Planning), Deployment Type (Hybrid Cloud, Public Cloud, Private Cloud), Organization Size (Large Enterprises, Small & Medium Enterprises), End-user Industries (Retail, Food & Beverage, Manufacturing, Automotive, Healthcare, Oil and Gas), and Geography.
By Solution | |
Demand Planning and Forecasting | |
Inventory and Warehouse Management | |
Product Life-Cycle Management | |
Transportation & Logistics Management | |
Sales and Operations Planning | |
Other Solutions (Procurement and Sourcing, Product Master Data Management, and Order Management) |
By Deployment Type | |
Hybrid Cloud | |
Public Cloud | |
Private Cloud |
By Organization Size | |
Large Enterprises | |
Small and Medium Enterprises |
By End-user Industries | |
Retail | |
Food & Beverage | |
Manufacturing | |
Automotive | |
Oil & Gas | |
Healthcare | |
Other End-user Industries |
By Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East and Africa |
Cloud Supply Chain Management Market Size Summary
The cloud-based supply chain management software market is experiencing significant growth, driven by the digital transformation of supply chains worldwide. This shift is facilitated by the adoption of cloud computing, which offers scalable, secure, and cost-effective solutions that integrate seamlessly with existing systems. The technology enables organizations to create digital supply networks that enhance responsiveness to disruptions and improve visibility across the supply chain. The COVID-19 pandemic has further accelerated this trend, highlighting the need for reliable, real-time access to supply chain information. Despite the advantages, challenges such as data protection and privacy concerns remain, requiring careful management of access to sensitive information.
The retail industry is a key sector witnessing substantial growth due to the adoption of cloud-based technologies, which provide unprecedented visibility and insights from data. These technologies help retailers manage both structured and unstructured data more effectively, enhancing customer experiences through data-driven insights and on-demand services. Automation tools also play a crucial role in improving distribution and inventory management, leading to reduced operational costs and improved efficiency. In North America, the market is bolstered by initiatives like the "cloud-first" strategy in Canada and the adoption of GS1 standards in the United States, which promote supply chain safety and efficiency. The market is dominated by major players such as Oracle Corporation, SAP SE, and IBM Corporation, who are expanding their global presence through strategic collaborations and technological innovations.
Cloud Supply Chain Management Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Intensity of Competitive Rivalry
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1.3.5 Threat of Substitutes
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2. MARKET SEGMENTATION
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2.1 By Solution
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2.1.1 Demand Planning and Forecasting
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2.1.2 Inventory and Warehouse Management
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2.1.3 Product Life-Cycle Management
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2.1.4 Transportation & Logistics Management
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2.1.5 Sales and Operations Planning
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2.1.6 Other Solutions (Procurement and Sourcing, Product Master Data Management, and Order Management)
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2.2 By Deployment Type
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2.2.1 Hybrid Cloud
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2.2.2 Public Cloud
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2.2.3 Private Cloud
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2.3 By Organization Size
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2.3.1 Large Enterprises
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2.3.2 Small and Medium Enterprises
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2.4 By End-user Industries
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2.4.1 Retail
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2.4.2 Food & Beverage
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2.4.3 Manufacturing
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2.4.4 Automotive
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2.4.5 Oil & Gas
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2.4.6 Healthcare
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2.4.7 Other End-user Industries
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2.5 By Geography
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2.5.1 North America
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2.5.2 Europe
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2.5.3 Asia-Pacific
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2.5.4 Latin America
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2.5.5 Middle East and Africa
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Cloud Supply Chain Management Market Size FAQs
What is the current Cloud Supply Chain Management Market size?
The Cloud Supply Chain Management Market is projected to register a CAGR of 11.09% during the forecast period (2024-2029)
Who are the key players in Cloud Supply Chain Management Market?
SAP SE, Oracle Corporation, Infor Inc, Descartes Systems Group Inc and IBM Corporation are the major companies operating in the Cloud Supply Chain Management Market.