Cloud Supply Chain Management Market worth 8.07 Billion USD by 2021
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.
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The 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 share
On 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 effi