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Cloud Supply Chain Management (SCM) Software Market is expected to reach $7.03 billion by 2023, growing at a CAGR of 14.3%
By inewswire


"Cloud Supply Chain Management (SCM) Software Market Analysis"
A new research document with title 'Cloud Supply Chain Management (SCM) Software Market: Global Drivers, Trends, and Forecasts to 2023' covering detailed analysis, Competitive landscape, forecast and strategies.

The study covers geographic analysis and important players/vendors such as SAP, Oracle, JDA Software, Epicor etc. The report will help user gain market insights, future trends and growth prospects for forecast 2023.

Get the inside scoop of the Sample report @ https://www.htfmarketreport.com/sample-report/630611-cloud-supply-chain-management-scm-software-market



Brief: Cloud technology has been around for almost 20 years now, but supply chain professionals are still reluctant to adopt cloud and migrate their systems. Though the industry is in its initial stages, cloud computing will help supply chain managers to closely track a product throughout its lifecycle. Cloud-based SCM will significantly cut down the product cost as it will locate the shipment during any stage of the transportation. With the changing supply chain environment, cloud computing will become an advantageous process, gaining more market traction over the traditional systems. While the traditional SCM is more transactional, the cloud approach offers a 360-degree control and real-time monitoring. Cloud-based SCM offers scalability, reliability, cost-effective, integrated design, and immediacy over localized SCM model.

Market Analysis: The SCM market is mature, however, the emergence of cloud computing has changed the industry landscape and has improved customer experience. The “cloud-based SCM software” market is expected to reach $7.03 billion by 2023, growing at a CAGR of 14.3% during the forecast period 2017–2023. The incorporation of cloud into SCM creates myriad benefits that redefine the traditional supply chain networks, offers better supply chain visibility, helps in handling the surging data volumes and in integrating digital technologies. Moreover, the need for improved business agility, scalability, faster deployment, and reduction in TOC will drive the organizations to deploy cloud model of SCM.

Buy this report @ https://www.htfmarketreport.com/buy-now?format=1&report=630611

Product Analysis:
The market study of cloud-based SCM will talk about the types that include supply chain planning, procurement, manufacturing execution system, warehouse management system, and transportation management system. The procurement software market will grow due to investments from large enterprises in procurement applications and from SMEs in cloud-based procurement software. The pressing need to consolidate and improve purchasing power will drive the market toward cloud-based software. The manufacturing execution system will have the highest growth rate with rise in automation, faster ROI, stringent government regulations, reduced lead times, reduction in production cost, and better operational excellence.


Regional Analysis: North America is estimated to have the largest market share in 2017 and is expected to maintain the same till 2023. Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the growing awareness about cloud-based SCM among enterprises, especially SMEs. Factors such as rising need for infrastructure management system and shifting of workload to a cloud model will increase the market revenue.

Key Players: SAP, Oracle, JDA Software, Epicor, Manhattan Associates, Descartes Systems Group, HighJump Software, IBM, and Kewill Systems.
Competitive Analysis: The study covers and analyzes the “Cloud-based Supply Chain Management (SCM) Software” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists and other companies in understanding the companies better and take informed decisions.

Get customization & check discount for report @ https://www.htfmarketreport.com/request-discount/630611-cloud-supply-chain-management-scm-software-market

1 Industry Outlook
1.1 Introduction
1.2 Industry Overview
1.3 Industry Trends
1.4 PEST Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
3.3 Related Market
3.3.1 Retail Inventory Management Software
4 Market Outlook
4.1 Overview
4.2 Market Definition – The Research
4.3 Segmentation
4.4 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Cloud Computing for Supply Chains
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in the adoption of cloud computing
5.2.1.2 Rise in the demand for e-procurement
5.2.1.3 Cloud computing solutions for logistics
5.2.1.4 Need for demand management solutions
5.2.2 Restraints
5.2.2.1 Privacy and security concerns
5.2.2.2 Lack of customization
5.2.3 Opportunities
5.2.3.1 IoT in supply chain
5.2.3.2 Big data and analytics
5.2.3.3 Demand from developing economies
5.3 DRO – Impact Analysis
5.4 Key Stakeholders

....Continued

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/630611-cloud-supply-chain-management-scm-software-market

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

Media Contact
Company Name: HTF Market Intelligence Consulting Private Limited
Contact Person: Craig Francis
Email: [email protected]
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Country: United States
Website: https://www.htfmarketreport.com/reports/630611-cloud-supply-chain-management-scm-software-market



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