The report "Cloud Supply Chain Management Market by Solution (Transportation Management, Procurement & Sourcing, Sales & Operation Planning, Inventory & Warehouse Management), Service, Deployment, Organization Size, Vertical, and Region - Global Forecast to 2021", The cloud Supply Chain Management (SCM) market size is estimated to grow from USD 3.26 Billion in 2016 to USD 8.07 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39285453The demand for cloud SCM is driven by factors, such as growing awareness about cloud-based SCM benefits among enterprises, reduced operational costs, and improved visibility.
With the increase in the adoption rate of cloud computing among enterprises, the cloud SCM market is expected to gain a major traction during the forecast period.The transportation management solution segment is expected to contribute the largest market shareOn the basis of solutions, the transportation management segment is expected to hold the largest market share, as it offers capabilities, such as load optimization, route planning & optimization, delivery, billing & payment, order visibility, and carrier administration.
The solution enables interactions between an order management system and warehouse & handles important operational function, such as planning, execution, and follow-ups.“Managed services are expected to grow at the highest CAGR during the forecast period”With the increasing deployment of cloud computing, the services segment is expected to grow in the future.
The managed services segment is expected to grow at the highest CAGR during the forecast period.
Managed service providers deliver third-party infrastructure services that help organizations manage billing process for their products and services.
Vendors offering these services focus on improving the overall business efficiency, enhancing scalability, and reducing IT costsNorth America is expected to contribute the largest market share, Asia-Pacific (APAC) to grow the fastestNorth America is expected to hold the largest market share and dominate the cloud SCM market from 2016 to 2021, owing to the availability of proficient technical expertise, large investments in Research & Development (R), early adoption of new & emerging technologies, and presence of large number of players in this region.