The Digital Supply Chain Market size is forecast to reach US$13.5 billion by 2027, growing at a CAGR of 12.8% from 2022 to 2027. Rising demand for cloud computing across industry verticals, rapid digitalization and automation of processes, and increasing adoption of IoT, 5G, and other analytics solutions are driving the digital supply chain industry growth. In February 2022, Oracle announced that Airtel had chosen its Oracle Fusion Supply Chain Management systems to digitize and simplify its finance, planning and supply chain processes. However, the lack of skilled operatives and awareness is hampering the market growth.

Moreover, the adoption of advanced technologies such as GPS, RFI and AI has been widely deployed to track the shipment, obtain information about the shipment's status and gain knowledge of vehicle and driving conditions. These factors significantly foster the demand for a digital supply chain which in turn increases the market size. In March 2021, Oracle Corporation released new updates to its digital supply chain and manufacturing offering, which, along with an integrated suite of cloud business applications, will help shippers connect their supply networks.

North America generated approximately 26% of the global revenues in the Digital Supply Chain industry in 2021 due to increased investment in emerging technologies such as AI, robotics and automation, IoT and 5G. In June 2022, Infor announced its partnership with Everstream Analytics which will allow organizations to better anticipate and navigate supply chain risks and disruptions. These factors are influencing the Digital Supply Chain industry outlook in the North American market.

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Digital Supply Chain Market Growth Drivers:

Rapidly growing demand for cloud computing across industries will drive the Digital Supply Chain Market forward

Cloud computing is now perceived as a significant cost-cutting option, providing a path for supply chain executives to quickly and efficiently access innovative solutions delivered via a SaaS model and deploy them at scale. As industry 4.0 emerges, numerous vendors are implementing digital technologies to improve, automate and modernize the entire supply chain process. Integrating the cloud is becoming more popular because it provides significant benefits such as scalability, security, cost, control and speed.  In June 2022, XPO Logistics collaborated with Google Cloud to improve the flow of commodities through supply chains. XPO will use Google Cloud's AI, ML, and data analytics capabilities in a multi-year partnership to create digital supply chains that are faster, more effective and more visible.

The Major Players in this Market Include

Major players in Digital Supply Chain Market include Cloudera, IBM, Infor, MicroStrategy Incorporated, Oracle Corporation and SAP SE among others. In May 2022, SAP announced a collaboration with Apple to build collaborations across the digital supply chain. As part of its ongoing partnership with Apple to transform how people use iPhones and iPads, SAP has unveiled a new suite of apps that streamline the digital supply chain and provide workers with simple tools.

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