Global cloud SCM market worth $3,260 million in 2016
As per the research, the global cloud SCM market is likely to grow from $3,260 million in 2016 to $11,047.2 million by 2023. As the modern supply chain management (SCM) is becoming strategic, adaptive and demand driven, software vendors are developing systems to support the new SCM paradigm. The new supply chain systems will go beyond operating efficiencies to a totally integrated system that improves management, planning and execution at all levels, providing the business organizations key competitive advantages. Insufficient data, lack of standardized processes and inadequate technologies oppose effective risk management.
The supply chain software vendors are enhancing management features to understand risks, the impact of risks and how to mitigate those risks. Cloud SCM helps business enterprises to perform high impact risk management planning with the use of software simulation models.
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Insights on market segments
As per the findings of the research, energy & power has been the largest user of cloud SCM systems. Based on solution, demand planning & forecasting has been the largest revenue generating solution in the global cloud SCM market. Among the deployment types, hybrid cloud has been generating the highest revenue for global cloud SCM market. The training & consulting service contributed the highest revenue to the global market in 2015.
North America stands as the largest cloud SCM market
Geographically, North America has been the largest contributor to the global cloud SCM market. According to the research, the business organizations in North America are increasingly using cloud computing for effectively managing their supply chain process.
Increasing need for demand management solutions among business enterprises escalates the market growth
Demand planning has enabled the companies to forecast the requirement of their industry, market and customers, more accurately. Demand planning enables the business organizations to link and integrate processes across various networks. The increasing number of internet dependent organizations is also accelerating the need for demand planning. Besides, it enables closer collaboration among the employees of the organizations and responds dynamically to market and consumer trends. Moreover, demand planning helps business enterprises to deliver a better and more rewarding experience across the value chain.
Top three players account for major market share
The research uncovers that the global cloud SCM market had a consolidated structure in 2015, where the top three competitors accounted for the major share of the market. Some of the key players in the global market include SAP SE, Infor, Inc., Oracle Corporation, The Descartes Systems Group Inc., JDA Software Group, Inc., Manhattan Associates, Inc., Logility, Inc., Kinaxis, Inc., Highjump Inc., Kewill, Inc., Tecsys, Inc. and Cloudlogix, Inc.
- Transportation Management
- Logistics Management
- Procurement & Sourcing
- Product Life-Cycle Management
- Order Management
- Product Master Data Management
- Sales & Operations Planning
- Inventory & Warehouse Management
- Demand Planning & Forecasting
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