SaaS-based SCM Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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SaaS-based SCM Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : March, 2023 | Technology & Media

Report Digest

SaaS-based SCM Market – Overview

The growth in the SaaS-based SCM market has been growing rapidly because of a lot of factors. One of the prominent growth factors includes the rising demand for real-time supply chain analysis. In addition to this, growth in the ICT spending and technology progress in the supply chain industry are also contributing to the novel growth impetuses in the global market throughout the forecast period. 

Development of the industrial-grade digital technology along with a rising requirement for the improved visibility of the supply chain further drive novel growth avenues in the global market. There has been a noticeable increase in the demand for management solutions among numerous enterprises. Healthcare and pharmaceutical companies are adopting SaaS-based SCM software at an increased rate in recent times. These factors are likely to fuel sales opportunities in the global market in the coming years.

saas-based scm market

SaaS-based SCM Market – Key Drivers  

The deployment of cloud-based models does not involve higher capital costs. Further, it also requires low maintenance compared to other solutions, which further leads to increasing preference for these services by numerous enterprises, for instance, large enterprises and SMEs. Along with these factors, cost-effectiveness, faster data processing, real-time tracking of the supply chain, and direct IT control of the cloud deployment are also projected to contribute to the growth impetuses in the SaaS-based SCM market in the foreseeable years.

Compared to on-premise software for the management of the supply chain, cloud-based SCM software provides numerous benefits. Cloud SCM provides pay-per-usage licenses and there is a minimal requirement for the IT setup. These factors further stimulated the businesses to adopt these solutions in order to minimize the cost of operation and transform their procedures. Furthermore, the vendors from the SaaS-based SCM market are putting efforts to upgrade their portfolios which is contributing to the market growth.

On the flip side, the concerns related to security among various enterprises are likely to curtail the growth opportunities in the global market. On the contrary, the rising demand for software for transportation management systems is estimated to generate novel growth prospects in the global market throughout the forecast period.

SaaS-based SCM Market – Recent Developments and Key Players

The SaaS-based SCM market has been marked due to the presence of prominent players that are serving in regional as well as global areas. Their presence in the market is making the industry nature fragmented. Furthermore, these players are also taking into consideration certain novel growth strategies in order to achieve their pre-defined goals. Along with these factors, the rising penetration of the international market players and increasing awareness among consumers related to the industry brands are also driving new growth opportunities in the market. Novel product launches, mergers or tie-ups, product portfolio expansion, and the rising count of the R & D activities in enhancing the company portfolio are some strategies that are also adopted by these key market players to generate lucrative opportunities in the coming years.

Some of the key players in the SaaS-based SCM market are:

  • Accenture
  • IBM Corporation
  • SAP SE
  • Oracle Corporation
  • HighJump (Korber AG)
  • Blue Yonder Group, Inc.
  • Infor
  • The Descartes Systems Group Inc.
  • Kinaxis Inc.
  • Manhattan Associates

SaaS-based SCM Market – Regional Assessment

The SaaS-based SCM market has been serving in various regions across the world. The prominent regions in the market include North America, LAMEA, Asia Pacific, and Europe. North America, among these global areas, has been predicted to hold its dominance in the forthcoming years. The dominance is commonly attributed to the rising spending on logistics and transportation that further stimulates the implementation of automation technologies in supply chain and logistics. Further, the transportation & logistic industry has been large and competitive in the region. These factors are likely to fuel novel growth impetuses in the SaaS-based SCM market in the near future.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?