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The global cloud SCM market is expected to grow at 20.0% CAGR during the forecast period with the market size reaching USD 15.3 billion by 2024. The market is driven by the factors such as low initial investment level and increasing high demand from transportation and logistics sector. Industry players are expanding their product portfolio with focus on easing the complexities of supply chain by providing inventory & warehouse management, transportation management, demand planning & forecasting, logistics management, and sales and operations planning among others.<br>
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Industry Overview The global Cloud SCM market is expected to grow at 20.0% CAGR during the forecast period with the market size reaching USD 15.3 billion by 2024. Different solutions including product life-cycle management, demand planning & forecasting, logistics management, and inventory & warehouse management are together hold the majority of the cloud SCM market size. The market has witnessed significant growth over the last few years due to the reduction in cost incurred by enterprises with the usage of these SCM solutions and reduction in chances of potential failures. Explore Full Report Description at: https://www.vynzresearch.com/ict-media/cloud-scm-market
market segmentation • Based on solution, the cloud SCM market is categorized into inventory & warehouse management, transportation management, demand planning & forecasting, logistics management, product life-cycle management, sales & operations planning, product master data management, order management and procurement & sourcing. Of all these, demand planning & forecasting solutions account for the largest share in the market, globally. It will also witness the highest growth during the forecast period. Demand planning and forecasting helps enterprises to accurately predict the revenue forecast and manage optimum inventory levels, thereby witnessing the significant growth over the years.
Geographic Overview • Geographically, North America is the largest cloud SCM market and Asia- market is expected to grow at the fastest CAGR during the forecast period. North America has been at the forefront of adopting and investing in the latest information and communication technologies. This leads to the huge demand for cloud SCM solutions and services across the industry verticals. U.S. remains the larger market in North America and also predicted to grow at the faster CAGR during the forecast period. • Countries in Asia-Pacific are promoting innovation for digital technology. It involves investing in Internet-based economy including digital transformation and cloud-based technologies. Different industry verticals in the region are adopting smart manufacturing practices which involve smart procurement, which drives the Asia-Pacific cloud SCM market.
Competition among keyplayers • Key players in the autoinjectors market are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In December 2016, Mylan N.V. launched the authorized generic for EpiPen, as an autoinjector. Abbvie, Ypsomed, Consort Medical, Johnson & Johnson, Mylan, Becton, Dickinson and Company, Amgen, Haselmeier, ELI Lilly, Owen Mumford, Scandinavian Health Limited and Antares Pharma are the key players offering autoinjectors.
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