Global Cloud Supply Chain Management Market Report and Forecast 2024-2032

Global Cloud Supply Chain Management Market Size

The global cloud supply chain management market reached a value of approximately USD 7.09 billion in 2023. The market is projected to grow at a CAGR of 11.10% between 2024 and 2032, reaching a value of around USD 18.22 billion by 2032.

Cloud Supply Chain Management Market Outlook

• Germany automotive industry generated a total revenue volume of EUR410.9 billion in 2021 increased by 8% from 2020.

• As per the National Retail Foundation, the United States has annual retail sales growth of $5.1 trillion in 2023.

• The manufacturing sector's net turnover in the EU business economy reached 8.3 trillion, up 16% from 2020.

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Cloud Supply Chain Management Market Growth Rate

Cloud supply chain management integrates all aspects of supply chain management and logistics, including freight, warehousing, inventory control, order processing, transportation, and customer service, within a unified software platform.

It enables the automation and management of maintenance, administration, and capacity planning processes on the cloud, ensuring operational efficiency is maintained. Cloud supply chain management can enhance business profitability by tracking operations, automating inventory management, and optimising routes.

According to the data from the Australian Bureau of Statistics (ABS), the number of Financial and Insurance Services businesses in Australia has increased by 2.8% in 2022-2023 while there were 2,589,873 actively trading businesses by 30 June 2023, indicating the increasing operations, and processes creating a demand for the cloud supply chain management solutions.

Key Trends and Developments

Increasing automation, increasing penetration of technologies, rising adoption of cloud-based solutions, and rising demand for real-time visibility and analytics are the major trends impacting global cloud supply chain management market growth.

December 12, 2023

Blue Yonder unveiled a new AI tool called Blue Yonder Orchestrator as part of its Luminate Cognitive Platform. Utilising large language models (LLMs), cloud data, and prompt engineering, the feature suggests supply chain decisions.

April 19, 2023

Oracle has rolled out enhanced AI and Automation features throughout the Oracle Fusion Cloud Applications Suite to assist customers in speeding up supply chain planning processes.

November 29, 2022

Amazon.com, Inc. unveiled AWS Supply Chain, a novel application designed to enhance supply chain visibility for businesses, enabling quicker, informed decisions to mitigate risks, reduce expenses, and enhance customer satisfaction.

November 14, 2022

Microsoft Corp. introduced the Microsoft Supply Chain Platform, aiming to optimize organizations' supply chain data investments through an open approach, integrating Microsoft AI, collaboration, low-code, security, and SaaS applications.

Increasing automation

The growing adoption of automation in supply chain management allows businesses to monitor critical processes efficiently. Cloud-based solutions streamline operations, optimize workflows, and improve supply chain visibility.

Increasing penetration of technologies

As technologies like AI, IoT, and blockchain become more prevalent, smart supply chains are poised to replace traditional methods, fueling the expansion of the cloud supply chain management market.

Rising adoption of cloud-based solutions

The surge in cloud-based solutions adoption propels market growth by offering scalability, real-time data access, cost-effectiveness, and rapid deployment for enhanced efficiency and competitiveness.

Rising demand for real-time visibility and analytics

Rising demand for real-time visibility and analytics empowers businesses to continuously monitor and analyse supply chain processes, enabling agile decision-making and operational optimisation.

Cloud Supply Chain Management Market Trends

The supply chain management landscape is evolving rapidly, driven by increasing automation and the adoption of advanced technologies like AI, IoT, and blockchain. Cloud-based solutions are pivotal, offering scalability, real-time data access, and cost-effectiveness.

Businesses prioritise real-time visibility and analytics to optimise operations and make agile decisions. These trends collectively enhance efficiency, competitiveness, and responsiveness across the supply chain management market. Supply chain management advances with increasing automation, technology adoption (AI, IoT, blockchain), cloud solutions, and demand for real-time visibility and analytics, driving innovation, efficiency, and competitiveness.

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Cloud Supply Chain Management Industry Segmentation

“Cloud Supply Chain Management Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Solution

• Demand Planning and Forecasting

• Inventory and Warehouse Management

• Product Life-Cycle Management

• Transportation and Logistics Management

• Sales and Operations Planning

• Others

Market Breakup by Deployment Type

• Hybrid Cloud

• Public Cloud

• Private Cloud

Market Breakup by Organisation Size

• Large Enterprises

• Small and Medium Enterprises

Market Breakup by End Use

• Automotive

• Food and Beverage

• Healthcare

• Manufacturing

• Oil and Gas

• Retail

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Cloud Supply Chain Management Market Share

Inventory and Warehouse Management is often the dominant solution driving the global cloud supply chain management market.

The adoption of cloud-based inventory and warehouse management solutions provides businesses with enhanced visibility, scalability, and real-time data access, which are crucial for effective supply chain management. This leads to increased accuracy, reduced operational costs, and improved overall efficiency, making it a primary focus in cloud supply chain management. This segment generally leads because of its essential role in optimizing storage, monitoring inventory levels, and ensuring efficient warehouse operations.

The retail segment commands a substantial share of the market based on end use. The sector's increasing adoption of cloud-based technology to compete with e-commerce rivals is fueling this segment's growth.

Cloud supply chain management is becoming more popular due to its scalability, visibility, and valuable data insights, providing a deeper understanding of customer buying journeys. Furthermore, digitizing inventory management with cloud solutions significantly reduces operational costs, contributing to overall market expansion.

Leading Manufacturers in the Cloud Supply Chain Management Market

The companies develop enterprise software catering to the operational and planning demands of various organisations, prominent computer technology corporation which provides hybrid cloud, catering to the software demands of aerospace and defence, among other sectors, and known for its hardware and software offerings, including computers, servers, storage systems.

SAP SE: Founded in 1972, with its headquarters in Germany, SAP SE is a leading multinational software company, that develops enterprise software catering to the operational and planning demands of various organisations.

Oracle Corporation: Founded in 1977, with its headquarters in the United States, Oracle Corporation is a prominent computer technology corporation which provides hybrid cloud, integration, and networking, among other solutions.

Infor: Founded in 2002, with its headquarters in the United States, Infor is a renowned enterprise software company providing industry-specific solutions, catering to the software demands of aerospace and defence, among other sectors.

IBM Corporation: Founded in 1911, with its headquarters in the United States, IBM is renowned for its hardware and software offerings, including computers, servers, storage systems, and networking equipment.

Other global cloud supply chain management market key players are Blue Yonder, Inc., Accenture Plc, Logility Inc., Korber AG, Cloud Logix LLC, and Tecsys Inc. among others.

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Cloud Supply Chain Management Market Analysis by Region

North America holds a significant portion of the cloud supply chain management market. The demand for better supply chain management, driven by long wait times and blockages, is expected to boost technology adoption and the popularity of cloud solutions in the forecast period.

Increasing collaborations between end users and technology providers to enhance visibility and safety in supply chain processes are further expanding market opportunities in this region.

Key Highlights of the Report

Cloud Supply Chain Management Market Report Snapshots

Cloud Supply Chain Management Market Size

Cloud Supply Chain Management Market Growth

Cloud Supply Chain Management Market Trends

Cloud Supply Chain Management Market Share

Cloud Supply Chain Management Manufacturers

Cloud Supply Chain Management Market Regional Analysis