SaaS-based SCM Market Overview 2024-2032, Industry Size, Share, Trends and Forecast
The latest report by IMARC Group, titled “SaaS-based SCM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 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.
SaaS-driven Supply Chain Management (SCM) revolutionizes how businesses handle their supply chain operations via cloud computing. This model, hosted and delivered over the Internet by a third-party provider, simplifies inventory management, procurement, logistics, and demand forecasting. It eliminates the necessity for upfront investments in software and hardware infrastructure, enabling companies to prioritize core activities. With flexibility, scalability, and accessibility, users can seamlessly manage their supply chain data from any location with an internet connection. Moreover, the subscription-based pricing model ensures cost-effectiveness by minimizing ongoing maintenance expenses.
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SaaS-based SCM Market Trends and Drivers:
The expansion of the SaaS-based supply chain management (SCM) market is primarily fueled by the burgeoning healthcare sector. Additionally, the rising reliance on SCM to guarantee the availability of medical resources, drugs, and equipment is exerting a significant impact on market advancement. SaaS-based SCM solutions empower healthcare providers to streamline inventory levels, curtail wastage, and uphold essential supplies, thereby enhancing patient care. Moreover, the widespread integration of SaaS-based supply chain management within the automotive industry optimizes the administration of sourced components and parts from diverse suppliers, serving as another pivotal catalyst for growth. This integration facilitates just-in-time inventory practices, minimizes disruptions in the supply chain, and fosters supplier collaboration, thereby facilitating smoother production processes. Furthermore, the escalating adoption of SaaS-based SCM in the food and beverage (F&B) sector ensures product freshness and quality, enables real-time monitoring of temperature-sensitive items, and diminishes waste through streamlined inventory management, consequently fostering a favorable market perspective.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Solution:
- Software
- Services
Breakup by Deployment Mode:
- Public
- Private
- Hybrid
Breakup by End User:
- Large Enterprises
- Small and Medium Enterprises
Breakup by Application:
- Transportation Management
- Inventory and Warehouse Management
- Sourcing and Procurement Management
- Order Management
- Demand and Operations Planning
- Others
Breakup by Vertical:
- Consumer Goods and Retail
- Food and Beverages
- Healthcare and Life Sciences
- Manufacturing
- Transportation and Logistics
- Others
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
Competitive Landscape with Key Player:
- Blue Yonder Inc.
- Descartes Systems Group Inc.
- Epicor Software Corporation (KKR & Co. Inc.)
- Highjump Software Inc. (KΓΆrber AG)
- International Business Machines Corporation
- Infor Inc. (Koch Industries, Inc.)
- Kinaxis Inc.
- Logility Inc. (American Software Inc.)
- Manhattan Associates Inc.
- Oracle Corporation
- SAP SE.
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.
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