Cloud Supply Chain Management Software Market to See 14.3% CAGR to 2023, Says Infoholic Research in Its Report Available at MarketPublishers.com21 Jul 2017 • by Natalie Aster
LONDON – Today, the supply chain management (SCM) market is already mature, however, the introduction of cloud computing has considerably changed the market landscape and also had improved customer experience. The incorporation of cloud solutions into SCM presents numerous benefits that redefine the traditional supply chain networks, helps to handle rapidly increasing data volumes, provides better supply chain visibility, and assists in the integration of digital technologies.
The world’s market for cloud SCM software is poised to see remarkable uptake in the coming years, registering a 14.3% CAGR. By 2023, the value of this market will likely cross USD 7 billion.
The enhancing need for improved business agility, faster deployment, scalability and reduction in TOC is predicted to encourage organisations to deploy cloud model of SCM in the coming years.
At present, North America takes the dominant position in the worldwide market for cloud SCM software and is likely to maintain the leadership through 2023.
The insightful topical research study “Cloud Supply Chain Management (SCM) Software Market: Global Drivers, Trends, and Forecasts to 2023” worked out by Infoholic Research provides access to an all-round overview of the market performance and trends. It includes updated, top-level market data, sheds light on the market dynamics, reviews the major influencing forces, delves into the market segmentation and uncovers info on the market size, shares and growth rates. Besides, the publication comprises detailed analyses of the major regional markets. It covers the competitive landscape, includes PEST analysis and Porter’s five forces analysis, and offers profiles of the top players. Additionally, future forecasts through 2023 are at hand.
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