The Worldwide Cloud Supply Chain Management Industry is Expected to Reach $35+ Billion by 2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Cloud Supply Chain Management Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.

The cloud supply chain management market is evaluated at US$14.307 billion for the year 2019 and is projected to grow at a CAGR of 13.81% to reach a market size of US$35.395 billion by the year 2026.

Companies Mentioned

• SAP SE
• Infor, Inc.
• Oracle Corporation
• The Descartes Systems Group Inc.
• JDA Software Group, Inc.
• Manhattan Associates, Inc.
• Logility, Inc.
• Kinaxis, Inc.
• HighJump Software, LLC
• BluJay Solutions
• CloudLogix Inc.

The growth of the cloud supply chain management market is majorly attributed to the continuous shifting of business processes towards the cloud as enterprises continue to increase their focus on agility while adopting solutions that can increase their profit margins by streamlining the business processes. The increasing focus of enterprises towards ensuring business continuity is anticipated to push them towards cloud-based supply chain management solutions which aid in mitigating potential risks associated with the supply chain, which is boosting the growth of the market.

Solid growth of the market is anticipated over the projected period as e-commerce continues to show rapid growth across all major regions around the globe. Growing competition across industries is fueling the adoption of advanced cloud supply chain management solutions among enterprises as they seek to remain ahead of their competitors, which is further projected to boost the growth of the market.

The recent outbreak of the novel coronavirus disease had a positive impact on the cloud supply chain management market. As the lockdowns and strict COVID-19 measures led to the shutting down of factories for various end-use industries of the market such as manufacturing, retail, automotive, among others, the market growth for the cloud supply chain management market also declined initially. However, as the supply chains were disrupted due to COVID-19, increased adoption of cloud supply chain management was witnessed after the initial few months as the companies took a lesson from the first wave and started building their supply chains more robust.

Rising use of cloud supply chain management in logistics and transportation management

Various companies are increasingly replacing their traditional logistics and transportation management with cloud technology which is one of the major factors anticipated to drive the growth of the cloud supply chain management market during the forecast period. The supply chain has become extremely complex today and hence companies are adopting cloud supply chain management in logistics and transportation management as it provides a high level of visibility into the supply chain.

Furthermore, it reduces costs and improves efficiency along with providing greater oversight to help avoid consumer shortages. Owing to these advantages, a large number of companies are moving to cloud technology for managing their logistics and transportation. For instance, in July 2021, E2open announced to be working with Tesco PLC, a UK-based multinational grocery and general merchandise retailer, to modernize and streamline the logistics and transportation of Tesco with the cloud supply chain management system. With this announcement, Tesco replaced its traditional transport management system with the E2open platform for better transport execution, visibility, supply collaboration, and invoice processes.

Rise of cloud computing

A large number of organizations are switching to cloud computing which is anticipated to have a positive impact on the cloud supply chain management market during the forecast period. Cloud computing allows companies to store huge amounts of data without the need of setting up an IT infrastructure themselves, which saves the companies cost and time. It allows the companies to focus completely on their core business, as the cloud computing is provided by third parties, reducing the cost of managing and maintaining the IT systems, which is leading to rising demand for cloud computing and hence is anticipated to propel the growth of the cloud supply chain management market in the coming years.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter's Five Forces Analysis

4.4. Industry Value Chain Analysis

5. Cloud Supply Chain Management Market Analysis, by Solution

6. Cloud Supply Chain Management Market Analysis, by Deployment Model

7. Cloud Supply Chain Management Market Analysis, by Enterprise Size

8. Cloud Supply Chain Management Market Analysis, by End-Use Industry

9. Cloud Supply Chain Management Market Analysis, by Geography

10. Competitive Environment and Analysis

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

11. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/d0zl14