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Global Cloud Supply Chain Management (SCM) enables deployment, governance, and management of all the supply chain processes through cloud.
It allows enterprises to exchange data between different applications and the existing systems of a company.
Cloud SCM facilitates real-time access to data and provides scalability to meet the varying demands of the Small and Medium-Sized Enterprises (SMEs) and large enterprises.
MarketsandMarkets estimates the Global Cloud Supply Chain Management market 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.
The enterprises adopting cloud SCM witness benefits, such as better visibility, real-time information, scalability, and reduced delays, which have resulted in the rapid growth of the cloud SCM market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39285453The key players in the global cloud SCM market are SAP SE (Walldorf, Germany), Oracle Corporation(California, U.S.), Infor, Inc.(New York, U.S.), JDA Software Group, Inc. (Arizona, U.S.), Descartes Systems Group, Inc. (Ontario, Canada), Manhattan Associates, Inc. (Atlanta, Georgia, U.S.), Logility, Inc.(Atlanta, Georgia U.S.), Kewill, Inc. (Massachusetts, U.S.), Kinaxis, Inc. (Ontario, Canada), HighJump (Minnesota, U.S.), TECSYS, Inc. (Montreal, Canada), and CloudLogix (Colorado, U.S.).
These players have adopted various strategies, such as partnerships, agreements, & collaborations, mergers & acquisitions, and new product developments to achieve growth in the global cloud SCM market.SAP SE is an eminent player in the cloud SCM market.