SaaS-based SCM Market Overview 2024-2032, Industry Size, Share, Trends and Forecast

0
32
SaaS-based SCM Market

IMARC Group’s report titled “SaaS-based SCM Market Report by Solution (Software, Services), Deployment Mode (Public, Private, Hybrid), End User (Large Enterprises, Small and Medium Enterprises), Application (Transportation Management, Inventory and Warehouse Management, Sourcing and Procurement Management, Order Management, Demand and Operations Planning, and Others), Vertical (Consumer Goods and Retail, Food and Beverages, Healthcare and Life Sciences, Manufacturing, Transportation and Logistics, and Others), and Region 2024-2032“. The global SaaS-based SCM market size reached US$ 8.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.7 Billion by 2032, exhibiting a growth rate (CAGR) of 14.3% during 2024-2032.

Factors Affecting the Growth of the SaaS-based SCM Industry:

  • Expanding digital transformation:

With digital transformation, businesses are witnessing substantial growth in the software as a service (SaaS) -based supply chain management (SCM) market. The ongoing modernization of operations, where organizations are increasingly embracing cloud-based SCM solutions is contributing to the market growth. SaaS-based SCM harnesses advanced technologies such as artificial intelligence (AI), machine learning (ML), and big data analytics to provide businesses with actionable insights, predictive analytics, and real-time visibility into supply chain operations. Besides this, it also enhances decision-making processes and improves overall operational efficiency, thus boosting its demand and market growth.

  • Increasing demand for cost-effectiveness in businesses:

SaaS-based SCM eliminates the need for organizations to invest in and maintain on-premises hardware and software infrastructure, which is favoring the market growth. Concurrently, it leverages a pay-as-you-go model, allowing businesses to pay only for the resources and features they use. Furthermore, the shift from a capital expenditure (CapEx) to an operational expenditure (OpEx) model reduces the financial burden on businesses, especially smaller ones with limited budgets. Apart from this, SaaS providers also offer maintenance, updates, and security, reducing the total cost of ownership for SCM solutions, which is further propelling the market growth.

  • Growing focus on sustainability and corporate responsibility:

The rising emphasis on sustainability and corporate responsibility is acting as another significant factor bolstering the adoption of SCM strategies. SaaS-based SCM solutions play a pivotal role in fostering environmentally friendly and ethically responsible business practices. These solutions help optimize resource utilization, minimize waste through improved demand planning and inventory management, and enhance traceability throughout the supply chain. Furthermore, SaaS-based SCM tools align with regulatory requirements and meet consumer expectations for responsible practices, thereby providing an impetus to market expansion.

Leading Companies Operating in the Global SaaS-based SCM Industry:

  • 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
  • SAP SE.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/saas-based-scm-market/requestsample

SaaS-based SCM Market Report Segmentation:

By Solution:

  • Software
  • Services

Software represents the largest market segment due to the comprehensive range of functionalities it offers for streamlining supply chain operations.

By Deployment Mode:

  • Public
  • Private
  • Hybrid

Hybrid mode purchase accounts for the majority of the market share as it combines the flexibility of the cloud with the control of on-premises solutions, catering to diverse business needs.

By End-User

  • Large Enterprises
  • Small and Medium Enterprises

Large enterprises dominate the end-user segment because they have the resources and infrastructure to implement and benefit from comprehensive SaaS-based SCM solutions at scale.

By Application:

  • Transportation Management
  • Inventory and Warehouse Management
  • Sourcing and Procurement Management
  • Order Management
  • Demand and Operations Planning
  • Others

On the basis of application, the market is segmented into transportation management, inventory and warehouse management, sourcing and procurement management, order management, demand and operations planning, and others.

By Vertical:

  • Consumer Goods and Retail
  • Food and Beverages
  • Healthcare and Life Sciences
  • Manufacturing
  • Transportation and Logistics
  • Others

The consumer goods and retail sectors represent the biggest vertical as these industries require dynamic SCM solutions to manage their complex, fast-moving supply chains efficiently.

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Global Saas-based SCM Market Trends:

The escalating demand for agile and scalable supply chain solutions amid globalization is presenting lucrative opportunities for market expansion. In addition to this, the shift towards remote work models spurring the demand for cloud-based SCM solutions for seamless, location-independent access to supply chain data is creating a positive outlook for the market growth. Besides this, the flourishing expansion of e-commerce platforms necessitates more sophisticated supply chain management to handle increased order volumes and ensure customer satisfaction, strengthening the market growth. Moreover, the rising pressure to reduce environmental impact through more efficient logistics strategies is boosting the adoption of SaaS-based SCM solutions, which offer both scalability and sustainability.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163

Leave a reply