Cloud SCM Market Size to Reach USD 8.07 Bn by 2021, Projects M&M in Its New Research Report Published at MarketPublishers.com27 Feb 2017 • by Natalie Aster
LONDON – Estimated at USD 3.26 billion as of 2016, the size of the cloud supply chain management (SCM) market is anticipated to reach USD 8.07 billion by 2021, at a 19.8% CAGR.
The growth of the sector is being propelled by factors, such as requirement of business agility, more speedy deployment and scalability, surging awareness about cloud-based SCM amongst enterprises universally, reduced operating expenditures, and enhanced visibility.
In the process of the adoption of cloud SCM, however, enterprises confront specific obstacles, such as data protection, security issues, and complexities related to app portability.
North America is poised to grab the lion’s market share and dominate the marketplace during 2016-2021, whilst the Asia-Pacific region records the fastest CAGR, due to the ability of cloud SCM to prevent resource conflicts and IT glitches, as well as on the back of mandatory government regulations in the region.
New topical research publication prepared by M&M, “Cloud Supply Chain Management Market”, offers an all-round, unbiased analysis of the market scenario, providing granular market categorisation by type, solution, service, deployment model, organisation size, and vertical. The report analyses the sub-segments in terms of individual growth trends, future projections, and contribution to the overall market. A detailed geographical market analysis is also available, with forecasts of the market size of the 5 key regional segments. The study provides detailed insights into the major factors shaping the market like restraints, drivers, challenges, and opportunities. The report sheds light on the market opportunities for stakeholders and details the competitive landscape for top players. It includes profiling of dominant players and evaluates their core competencies and positioning strategies. The report keeps track of, and analyses competitive developments, like M&As, new product launches, partnerships, collaborations and agreements in the marketplace.
All cutting-edge research studies elaborated by M&M can be found at its page at MarketPublishers.com.