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Cloud Supply Chain Management Market size worth $ 222.23 Billion, Globally, by 2028 at 41% CAGR: Verified Market Research®

·5 min read

Growing necessity of management solutions and Rising alertness about cloud-based supply chain management aids among enterprises together with low initial investment are the factors that boost the market

JERSEY CITY, N.J., Oct. 27, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Cloud Supply Chain Management Market" By Component (Solution & Services), By Vertical (Manufacturing, Healthcare & life Science, Food & Beverages), and By Geography. According to Verified Market Research, the Global Cloud Supply Chain Management Market size was valued at USD 12.44 Billion in 2020 and is projected to reach USD 222.23 Billion by 2028, growing at a CAGR of 41% from 2021 to 2028.

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Browse in-depth TOC on "Cloud Supply Chain Management Market"

202 - Pages

126 – Tables

37 – Figures

Global Cloud Supply Chain Management Market Overview

The Cloud Supply Chain Management Market is witnessing significant growth owing to the advancement in technology and increasing the adaption of cloud-based solutions and services. In addition, the expandable data and cost viability are some other factors fueling the market growth. Growing implementation of cloud-based supply chain management in transportation management. Similarly, growing necessity of management solutions and Rising alertness about cloud-based supply chain management aids among enterprises together with low initial investment are the factors that boosts the market.

High growth in E-commerce sector and adoption of cloud supply chain management by small and large enterprises are the factor which creates opportunities for the market. However, the concerns related to the safety and security of data and dearth of the expertise are factors hampering the market growth. Moreover, the system leads to data segregation problems amongst the enterprises which further hampers the market growth.

Key Developments in Cloud Supply Chain Management Market

  • In October 2020, SAP SE signed an agreement for the acquisition of Emarsys which is a main ominichannel customer engagement platform provider, and such acquisition is done with the intention of reinforcing SAP Customers experience as well as to permit business to effectively engage with customers.

  • In March 2021, Oracle Corporation has released new updates to its Cloud Supply Chain and Manufacturing Offering, which along with integrated suit of cloud business application will help in connecting supply networks of shippers

The major players in the market are The Descartes Systems Group Inc., SAP SE, Oracle Corporation, Infor, Inc., Manhattan Associates, Inc., JDA Software Group, Inc., Logility, Inc., Highjump Inc., Kinaxis, Inc., and Kewill, Inc.

Verified Market Research has segmented the Global Cloud Supply Chain Management Market On the basis of Component, Vertical, and Geography.

Europe

Asia Pacific

ROW

  • Cloud Supply Chain Management Market, By Component

  • Cloud Supply Chain Management Market, By Vertical

  • Cloud Supply Chain Management Market by Geography

    • North America

    U.S

  • Canada

  • Mexico

  • Germany

  • France

  • U.K

  • Rest of Europe

  • China

  • Japan

  • India

  • Rest of Asia Pacific

  • Middle East & Africa

  • Latin America

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