Cloud Supply Chain Management (SCM) Market Growth Dynamics and Application Development Analysis to 2024
Category: #reports  By Ronak Bora  Date: 2019-02-11
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Cloud Supply Chain Management (SCM) Market Growth Dynamics and Application Development Analysis to 2024

Cloud Supply Chain Management (SCM) Market can assist enterprises to understand and acknowledge the benefits from crucial market trends that are redefining traditional supply chain networks, including industrial-grade digital technologies, the arrival of end-to-end visibility, and surging data volumes.

Most SCM strategies were created and implemented when the business environment was relatively more stable. At that time, skilled management teams could make use of predictable business cycles to navigate around the challenges and still maintain the focus on their supply chain strategies on reducing costs. This was done partly by launching low-cost manufacturing in locations, which were located away from core markets, lowering inventories by integrating partners into an ecosystem, applying lean principles to their processes, and rationalizing the supplier base.

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Currently, as every business is a digital business, organizations need to reanalyze the supply chain as a digital supply network that combines not just the physical flow of products and services, but also talent, finance, and information, which is anticipated to drive the cloud SCM market demand. Additionally, cloud computing has made it possible to closely track a product throughout its lifecycle. SCM Cloud has improved the information sharing across the supply chain as it provides appropriate messages to users, who are responsible for a specific procurement thus reducing costs and making processes transparent and efficient.

The segmentation of the Cloud Supply Chain Management (SCM) Market has been done on the basis of deployment models, solutions, organization sizes, sectors, and regions. Segmentation is done based on deployment models by further classifying it into private, public, hybrid, and community. Private clouds may be owned, managed, and operated by the organization, a third party, or some combination of them and it may exist on or off premise. It is a choice for companies that already own data centers and developed IT infrastructure and emphasize on security or performance.

Public clouds are pay-per-use services, which provide infrastructure and off-site services over the internet, further reducing deployment costs. Hybrid clouds in the cloud SCM market are the most economical model for modern companies combining benefits of the controlled environment in private clouds and rapid elasticity of public clouds. The community cloud involves cooperation and integration of IT infrastructure and resources from multiple organizations and may serve large inter-organizational projects.

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The transportation management segment is predicted to hold the largest Cloud Supply Chain Management (SCM) Market share as it offers capabilities, such as route planning, load optimization, order visibility, carrier administration, route optimization, billing & payment, and delivery. The solution allows interactions between an order management system and warehouse. It also handles important operational functions such as the creation of plans and strategies and their executions. cloud SCM market significantly cut down on lost product since it is easier to locate a shipment during any stage of transport.

U.S. cloud SCM market share is forecast to continue leading the industry. Advancements in technology and infrastructure and shifting of workload to the cloud environment will fuel the APAC industry.

Large enterprises may face complexities when migrating to cloud-based supply chain management. The adoption of cloud SCM market may cause businesses to experience forced upgrades and barriers in the smooth flow of information. Lack of technical expertise may prove to be a major challenge to enterprises regardless of their size. Security concerns relating to data security and collection of personal information will continue to pose a threat to cloud SCM market.

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There is a limit on the customization and flexibility of enterprises’ IT architecture that currently exists, which if managed to overcome will streamline the growth of cloud SCM market. By adopting strategies, such as the development of new products, partnerships, collaborations, mergers, and acquisitions, key players in the cloud SCM market, Oracle Corporation, SAP SE, Kinaxis, Inc., HighJump, CloudLogix, Manhattan Associates, and TECSYS are able to cater to this market.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology



About Author

Ronak Bora

Email: [email protected]   

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for News.Marketsizeforecasters and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, ...

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