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The global SaaS-based SCM market size was valued at US$ 5.4 Billion in 2020.
According to the estimates by IMARC Group, the global SaaS-based SCM market is expected to exhibit strong growth during 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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