Global SaaS-based SCM Market to Grow at 16.38% During 2023-2028, Impelled by Rapid Digitization

February 23, 2021 | Technology & Media

IMARC Group’s latest report, titled “SaaS-based SCM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global SaaS-based SCM market reached a value of US$ 6.9 Billion in 2022. Software-as-a-Service-based supply chain management (SaaS-based SCM) is the software utilized to manage on-premises and on-cloud supply chain processes. It is used to maintain the inventory record, which aids in increasing productivity while eliminating the duplication of work and standardizing processes. The software provides a faster return on investment with a limited workforce and lowers capital expenses and operating costs. It finds application in sourcing and procurement, order management, demand and operations planning and inventory, and warehouse and transportation management.

Global SaaS-based SCM Market Trends:

The SaaS-based SCM market is primarily driven by the growing adoption of automated and pre-programmed machinery across various organizations and manufacturing units. SaaS-based SCM helps store data on servers to prevent the sudden loss of information in case of uncertainties. The software also provides constant monitoring and operational security that minimizes the cost and overall time taken to produce goods and cater services. Besides this, rapid urbanization, increasing digitization, and expanding logistics and transportation industries have escalated the demand for SaaS-based SCM solutions. Moreover, the market players are focusing on improving SaaS-based SCM solutions to ensure competence and effectiveness. They are also integrating SaaS-based SCM platforms with the Internet-of-Things (IoT) and developing hybrid and pay-as-you-go models. On account of these factors, the market value is expected to grow at a CAGR of 16.38% during the forecast period (2023-2028).

Market Summary:

Based on the solution, the market has been bifurcated into software and services. At present, software hold the largest market share.
On the basis of the deployment mode, the market has been segmented into public, private, and hybrid. Amongst these, the hybrid segment accounts for the majority of the market share.
Based on the end user, large enterprises represent the largest end user.
On the basis of the application, the market has been segregated into transportation management, inventory and warehouse management, sourcing and procurement management, order management, demand and operations planning, and others.
Based on the vertical, consumer goods and retail dominate the market. Other major segments include food and beverages, healthcare and life sciences, manufacturing, transportation and logistics.
Region-wise, Europe (Germany, France, the United Kingdom, Italy, Russia ,Spain and Others) exhibits a clear dominance in the market. Other major regions are North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Blue Yonder Inc., Descartes Systems Group Inc., Epicor Software Corporation (KKR & Co. Inc.), Highjump Software Inc. (Korber AG), International Business Machines Corporation, Infor Inc. (Koch Industries, Inc), Kinaxis Inc., Logility Inc. (American Software Inc.), Manhattan Associates Inc., Oracle Corporation, and SAP SE.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Solution, Deployment Mode, End User, Application, Vertical, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Blue Yonder Inc., Descartes Systems Group Inc., Epicor Software Corporation (KKR & Co. Inc.), Highjump Software Inc. (Körber AG), International Business Machines Corporation, Infor Inc. (Koch Industries, Inc.), Kinaxis Inc., Logility Inc. (American Software Inc.), Manhattan Associates Inc., Oracle Corporation and SAP SE
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global SaaS-based SCM Market to Grow at 16.38% During 2023-2028, Impelled by Rapid Digitization

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