SaaS Based SCM Market Size - By Solution, By Deployment, By User Type, By Industry Vertical - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

SaaS Based SCM Market Size - By Solution, By Deployment, By User Type, By Industry Vertical - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Global SaaS Based SCM Market Overview:

According to SPER Market Research, the Global SaaS Based SCM Market is estimated to reach USD 33.86 billion by 2032 with a CAGR of 13.64%.

Through improved analytics and supply chain forecasting models, SaaS-based SCM offer end-to-end insight on goods & product mobility. By controlling production, inventory, sourcing, transportation, and monitoring product demand, this solution is intended to improve and strengthen supply chain operations in a business. It also offers platforms for exception-based process management, which let staff members micromanage steady-state operations, and improved visibility to companies with cross-functional access.

The rise in demand for real-time supply chain analysis, the development of technology in the supply chain sector, and an increase in ICT investment are the main factors driving the expansion of the global SaaS-based SCM market size. Additionally, the market is growing as a result of factors including the advancement of industrial-grade digital technology and the rise in demand for better supply chain visibility. Additionally, a rise in the need for demand management solutions among businesses and a rise in the use of SaaS-based SCM software in pharmaceutical and health care organizations both contribute to the market's expansion.

The market's expansion is anticipated to be hampered, nevertheless, by enterprise concerns about the security of cloud deployment. In contrast, it is anticipated that the increase in demand for transportation management systems (TMS) software would open up significant prospects for market expansion in the next years.

Impact of COVID-19 on the Global SaaS Based SCM Market

Numerous sectors have been impacted by the COVID-19 epidemic, making it more difficult for them to maintain their complex supply chain networks. This is predicted to increase demand for SaaS-based SCM. This is a result of the SCM software market expanding quickly as a result of supply chain disruptions brought on by the COVID-19 outbreak. In addition, there is a growing demand for online shopping across many industries, which forces the manufacturing, logistics, and food & beverage industries to boost their investments in automation, including supply chain automation. Consequently, the market's expansion was fueled.

Scope of the Report:

Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032

Segments covered By Solution, By Deployment, By User Type, By Industry Vertical.

Regions covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Companies Covered Accenture, Blue Yonder Group Inc., High Jump, IBM Infor, Kinaxis Inc., Manhattan Associates Inc., Oracle Corporation, Sap Se, The Descartes Systems Group Inc.

Global SaaS Based SCM Market Segmentation:

By Solution: Based on the Solution, Global SaaS Based SCM Market is segmented as; Software, Service.

By Deployment: Based on the Deployment, Global SaaS Based SCM Market is segmented as; Public, Private, Hybrid.

Global SaaS Based SCM Market, By User Type: Based on the User Type, Global SaaS Based SCM Market is segmented as; Large, Enterprises, Small and Medium-Sized Enterprises.

By Industry Vertical: Based on the Industry Vertical Market is segmented as; Consumer Goods, Retail, Food and Beverages, Healthcare and Pharmaceuticals, Manufacturing, Logistics and Transportation Others.

By Region: North America owns the prime share of this market; the major factors of the market's growth in the region are the increasing incidence of chronic illnesses, the growing amount of medicine prescriptions brought on by the region's rapidly aging population, and the expansion of key market participants in the area.