The global SaaS-based SCM market reached a value of US$ 5.4 Billion in 2020. Software-as-a-Service (SaaS)-based supply chain management (SCM) refers to a software application used for on-premise and on-cloud management of supply chain processes. The software maintains the record of the inventory to increase productivity, eliminate duplication of work and standardize processes. It acts as a flexible system that automatically re-configures business processes based upon the current requirements. It also aids in minimizing capital expenses and operating costs and provides a faster return on investment with a limited workforce. As a result, it is commonly used for sourcing and procurement, order management, demand and operations planning and inventory, warehouse, and transportation management.
Rapid industrialization, along with increasing digitization across the globe, is one of the key factors driving the growth of the market. Organizations and manufacturing units are adopting automated and pre-programmed machinery to minimize the costs and overall time taken to produce goods or cater services. SaaS-based SCM tools provide constant monitoring and operational security, which is increasing their demand across various sectors. In line with this, these tools also store data on servers, thereby preventing the sudden loss of information due to uncertainties. Additionally, various innovations, such as integration with the Internet of Things (IoT) and the development of hybrid and pay-as-you-go models for public and private deployments, are acting as other growth-inducing factors. Organizations are adopting these solutions for cost comparison, enhanced uptime, reliability and monitoring of supply and demand. Other factors, including the growing demand for solutions for improved traceability and visibility in the supply chain, along with developments in the information technology (IT) sector, are expected to drive the market further. Looking forward, IMARC Group expects the global SaaS-based SCM market to exhibit strong growth during the next five years.
Breakup by Solution:
Breakup by Deployment Mode:
Breakup by End User:
Breakup by Application:
Breakup By Vertical:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being 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.
Key Questions Answered in This Report
The global SaaS-based SCM market size was valued at US$ 5.40 Billion in 2020.
According to the estimates by IMARC Group, the global SaaS-based SCM market is expected to witness a CAGR of 16.32% from 2021 to 2026.
The increasing demand for SaaS-based SCM tools for providing constant monitoring and operational security in various industrial applications represents one of the key drivers for the global SaaS-based SCM market.
The emergence of hybrid and pay-as-you-go models for public and private deployments represents one of the key trends in the global SaaS-based SCM market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disrupted supply chains pertaining to various industries. In the post-pandemic state, numerous industries are getting inclined towards automated services, such as SaaS-based SCM, for constant monitoring, improved reliability, and enhanced traceability in the supply chain.
On the basis of the solution, the market has been bifurcated into software and services. Currently, services hold the majority of the total market share.
Based on the deployment mode, the market has been segmented into public, private, and hybrid. Among these, hybrid represents the largest segment.
On the basis of the end user, the market has been bifurcated into large enterprises, and small and medium enterprises. Among these, small and medium enterprises hold the largest market share.
On the basis of the vertical, the market has been segmented into consumer goods and retail, food and beverages, healthcare and life sciences, manufacturing, transportation and logistics, and others. At present, consumer goods and retail hold the majority of the market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
The key companies in the global SaaS-based SCM market are 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.
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