ResearchAndMarkets Forecasts Cloud Supply Chain Management CAGR of 19.9%
August 30, 2021
sees the global Cloud Supply Chain Management market reaching $19.3 Billion by
2027. Amid the COVID-19 crisis, the global market for Cloud Supply Chain
Management estimated at US$5.4 Billion in the year 2020, is projected to reach a
revised size of US$19.3 Billion by 2027, growing at a CAGR of 19.9% over the
analysis period 2020-2027.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow
at 18.9% CAGR
Christine Barnhardt, Senior Director of Product & Industry Market Strategy for Infor Supply Chain commented, "Movement of supply chain management to the cloud has always been a key pillar of Infor’s strategy and success. Our Infor Nexus product was born in the cloud and is one of the world’s largest multi-enterprise, single instance supply chain solutions connecting the enterprise to their entire trading partner network. This combined with our Supply Chain Planning and Warehouse Management solutions – also multi-tenant cloud – provides for better scalability and resilience, continuous innovation, lower cost of ownership, and faster time to value, while providing the key capabilities needed to Plan-Execute-Sense& Respond, simultaneously and in-real time. Cloud based supply chain management is the backbone of the journey to the continuous supply chain of the future and allows companies to simultaneously optimize service levels, COGS & working capital, as they improve the resiliency, agility & velocity of their supply chain."
delivery is simply the way almost all supply chain software will soon be
Dan Gilmore. Chief Marketing Officer at Softeon,
a leading supply chain software company. He added that "We are seeing very high
levels of customer satisfaction with Cloud deployments due to the speed of
implementation and the ability to set up and manage the environment for our
customers, taking a large IT burden off their plates."