ResearchAndMarkets Forecasts Cloud Supply Chain Management CAGR of 19.9%

August 30, 2021

ResearchAndMarkets 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.

Transportation Management, one of the segments analyzed in the report, is projected to record a 22.3% CAGR and reach US$4.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Procurement & Sourcing segment is readjusted to a revised 24.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 18.9% CAGR

The Cloud Supply Chain Management market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 19% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.5% and 17% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.5% CAGR.

Order Management Segment to Record 16.9% CAGR

In the global Order Management segment, USA, Canada, Japan, China and Europe will drive the 16.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$485 Million in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.3 Billion by the year 2027.

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."

"Cloud delivery is simply the way almost all supply chain software will soon be delivered," says 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."

Gilmore added that in addition to strong interest in Cloud-based Transportation Management and Order Management systems as noted in the article, there is growing adoption of Warehouse Management systems in the Cloud, as concerns about response times prove to be non-issues in nearly all scenarios.

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