SaaS-based SCM Market Overview:
The Global SaaS-based SCM Market was valued at $2,897 million in 2016, and is estimated to reach $9,420 million by 2023, growing at a CAGR of 18.6% from 2017 to 2023. SaaS-based SCM, including private, public, and hybrid deployment models, is offered by prominent cloud supply chain management solution providers, such as Accenture, HighJump, IBM Corporation, Infor, JDA Software Group, Inc., Kinaxis, Logility, Manhattan Associates., and others, to monitor real-time supply chain networks and goods in transport. The global SaaS-based SCM market is expected to witness significant growth rate, due to the rise in ICT expenditure by governments of various developed and the developing regions, including North America, Europe, and Asia-Pacific.
The Asia-Pacific SaaS-based SCM market is expected to register the highest CAGR in the near future, as countries such as China, India, Japan, and Australia offer lucrative opportunities for market players. Global vendors are investing high capital in the market to improve the overall SaaS-based SCM solution offering to ensure low-cost and real-time supply chain monitoring, and on-time production processing solutions. Moreover, increase in demand for smart transportation and connected logistics management is a key driver of the European SaaS-based SCM market.
Growth in number of connected devices in IoT and surge in demand for advanced and real-time analytics contribute to the market growth in North America and Europe. LAMEA is expected to account less market share as compared to other regions, due to slow ICT spending and slow adoption of IoT devices. Furthermore, Latin America and Middle East are expected to gain traction, but the growth is expected to be stable during the forecast period.
SaaS-based SCM Market Segmentation
The global SaaS-based SCM market is segmented on the basis of solution, deployment, user type, industry vertical, and geography. On the basis of solution, it is bifurcated into software and service. By deployment, it is categorized into private, public, and hybrid deployment. By user type, the market is categorized into small & medium enterprises (SMEs) and large enterprises. On the basis of industry vertical, it is divided into consumer goods, retail, food & beverages, healthcare & pharmaceuticals, manufacturing, logistics & transportation, and others.
The key players profiled in the report are Accenture, HighJump, IBM Corporation, Infor, JDA Software Group, Inc., Kinaxis, Logility, Manhattan Associates, Oracle Corporation, and SAP SE. The report discusses the key strategies adopted by these companies along with the detailed analysis of the current trends, upcoming opportunities, and restraints with detailed information about their impacts.
Top Impacting Factors
Growth in Industrial-grade Digital Technology
Increase in demand for real-time monitoring and supply-demand forecasting in material production are expected to favor market growth during the forecast period.
Surge in Demand For Real-time Supply Chain Monitoring & Management
With surge in adoption of digital technology and its cost-saving applications, SaaS-based SCM market is projected to grow at a healthy rate during the forecast period.
Increase in Inclination Towards Cloud Deployment Model
The cloud-based deployment model does not involve capital cost and is low on maintenance requirements. Hence, it is most preferred by various enterprises including SMEs and large enterprises.
Lack of it Infrastructure in the Underdeveloped Nations
Countries in Latin America, the Middle East, and Africa are not yet technologically advanced hubs with rich IT infrastructure and digital content, which in turn is expected to hinder the global market in the near future.
Growth in Internet of things (IOT)
The SaaS-based SCM market is expected to witness market development in the coming years, due to increase in expenditure on IoT technology by several governments in regions such as North America, Europe, and Asia-Pacific.
Key Benefits for Stakeholders
- In-depth analysis of the global SaaS-based SCM market and its dynamics are provided to understand the market scenario.
- Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on the prevailing opportunities.
- Porters five forces analysis examines the competitive structure of the market, and provides a clear understanding of factors that influence the SaaS-based SCM market entry and expansion.
- A detailed analysis of the geographical segments enables the identification of profitable segments for market players.
- Comprehensive analysis of the trends, sub segments, and key revenue pockets is provided in the report.
SaaS-based SCM Market Key Segments:
By User Type
- Large enterprises
By Industry Vertical
- Consumer Goods
- Food & Beverages
- Healthcare & Pharmaceuticals
- Logistics & Transportation
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East