New York, NY -- (SBWIRE) -- 10/02/2017 -- The "Cloud" and "Supply Chain" are one of trend setter combinations. It will make all process very easy. Tracking an order, information shearing, important data storage which can be access able from anywhere. So organization and various firms can keep a real time tracking for the order. The best part is Payment which can deliver any and instant. Even through the cloud services was there for long time, but logistic never used or enter in the market. But with change of time and technology development and various software has provided great benefits.

"Cloud Supply Chain Management (SCM) Software" offers a 360-degree control, scalability, reliability, cost-effective, integrated design, and immediacy over localized SCM model. Even though the industry is in the initial stage, cloud computing will help supply chain managers to closely monitor the entire chain product. The cloud based SCM will reduce the cost of transportation as the shipments will establish shipment in any of the expenditure incurred. In the changing supply chain environment, cloud computing is a profitable process, finding more markets on traditional methods.

The "cloud-based SCM software" market is expected to reach $7.03 billion and growing at a CAGR of 14.3% during the forecast period 2017–2023.

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Further, Cloud-based SCM Market Studies include supply chain planning, purchase, production execution system, warehouse management system and transport management system. The need for strengthening and improving purchasing power will give the cloud-based software market a boost.

The production execution system has the highest growth rate of automation, faster ROI, stringent government regulations, reduced times, reductions in product costs and best practices in better performance. Investments in large businesses in the franchise software and the SME cloud-based shopping software will increase the purchasing software market by investing.

"Cloud-Based Supply Chain Management (SCM) Software" report provide in depth analysis out of the industry, the report aims to provide players with opportunities to understand the latest trends, current market conditions, government initiatives and technologies related to the market. In addition to this, it helps associate companies and other companies to understand companies and helps them make important decision decisions.

As per region wise, North America is likely to be the largest market share in 2017 and it is likely to remain the same until 2023. Especially in view of the awareness of cloud-based SCM, Asia Pacific is likely to grow at the highest CAGR. Increasing market demand for SME Infrastructure Management System and factors such as workload for cloud models will increase market revenue.

Key Players: SAP, Oracle, JDA Software, Epicor, Manhattan Associates, Descartes Systems Group, HighJump Software, IBM, and Kewill Systems.

Finally, the even through there are some challenges related to data security , data transfer, payment but with new updated and innovation market will need more for this software in coming years.

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