$ 222.23 Billion Cloud Supply Chain Management Market Size, Globally, by 2028 at 41% CAGR: Verified Market Research®
JERSEY CITY, NJ, October 27, 2021 / PRNewswire / – Verified Market Research recently published a report, “Cloud Supply Chain Management MarketâBy Component (Solution & Services), By Vertical (Manufacturing, Healthcare & Life Sciences, Food & Beverage), and By Geography. cloud provisioning was valued at $ 12.44 billion in 2020 and should reach $ 222.23 billion by 2028, with a CAGR of 41% from 2021 to 2028.
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202 – Slips
126 – Tables
37 – Figures
Global Cloud Supply Chain Management Market Overview
The cloud supply chain management market is experiencing significant growth due to advancements in technology and increasing adaptation of cloud-based solutions and services. Besides, scalable data and cost viability are other factors fueling the market growth. Growing implementation of cloud-based supply chain management in transportation management. Likewise, the growing need for management solutions and the growing vigilance regarding cloud-based supply chain management aids among enterprises, along with low initial investment, are the factors driving the market.
The strong growth of the e-commerce sector and the adoption of cloud supply chain management by small and large enterprises is the factor that creates opportunities for the market. However, data safety and security concerns and lack of expertise are factors hampering the growth of the market. In addition, the system causes data segregation issues between companies, further hampering the growth of the market.
Key developments in Cloud Supply Chain Management Market
- In October 2020, SAP SE has signed an agreement to acquire Emarsys, a leading provider of omnichannel customer engagement platforms, and this acquisition is made with the aim of enhancing the SAP customer experience as well as enabling companies to effectively engage with customers.
- In March 2021, Oracle Corporation has released new updates to its cloud-based supply chain and manufacturing offering, which, along with an integrated suite of cloud-based business applications, will help connect shippers’ supply networks.
The main 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 segmented the global cloud supply chain management market on the basis of components, vertical, and geography.
- Cloud Supply Chain Management Market, By Component
- Cloud Supply Chain Management Market, By Vertical
- Health and Life Sciences
- Food and drinks
- Cloud Supply Chain Management Market By Geography
- Rest of Europe
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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