The SaaS based SCM market size is projected to reach US$ 23.08 billion by 2031 from US$ 9.45 billion in 2023. The market is expected to register a CAGR of 11.8% in 2023—2031. Increasing demand for automation in SCM and the rising need for supply chain visibility are becoming increasingly important.
The SaaS based SCM market is anticipated to grow at a rapid pace as a result of technological advancement, the rising need for efficient and cost-effective SCM solutions, and the growing demand for cloud services, also due to the growth in the number of SMEs and the need for integrated SCM solutions for supply chain visibility, enhanced customer service, and reduced cost.
SaaS (software as a service) supply chain management (SCM) software is a cloud-based software solution that helps businesses manage the entirety of their supply chains. SaaS SCM software is considered as a popular choice for businesses of all sizes because it is easy to use, scalable, and affordable compared to traditional methods.
Because automation may reduce manual work and boost efficiency, it has gained popularity in the supply chain management (SCM) industry. Organizations can maximize their operations by reducing expenses and increasing accuracy through automation. Additionally, automation allows supply chain processes to be managed flexibly and scalable, which helps businesses adapt swiftly to shifting market conditions and customer expectations.
The increasing need for integrated supply chain management solutions is anticipated to propel the growth of the SaaS-based SCM market during the forecast period. The main driver of the market is the increasing demand for supply chain management systems that are affordable, flexible, and effective. Another important aspect driving the market's expansion is the rising need for affordable supply chain management systems. Another key driver of the market is the rising need for complete supply chain management solutions that are integrated. The market is also being driven by the increasing demand for cloud-based technologies and services, which are anticipated to lower supply chain management costs and facilitate more effective operations.
Key segments that contributed to the derivation of the SaaS based SCM market analysis are deployment model, solutions, industry vertical, and end-users.
The geographic scope of the SaaS based SCM market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America has dominated the SaaS based SCM market. High technology adoption trends in various industries in the North American region have fuelled the growth of the SaaS based SCM market. Factors such as increased adoption of digital technology and high technological spending by government agencies are expected to drive the North American SaaS based SCM market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of SaaS based SCM market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the SaaS based SCM market.
The regional trends and factors influencing the SaaS based SCM Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses SaaS based SCM Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 9.45 Billion |
| Market Size by 2031 | US$ 23.08 Billion |
| Global CAGR (2023 - 2031) | 11.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Deployment Model
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The SaaS based SCM Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the SaaS based SCM Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The SaaS based SCM market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
(Source: Inspectorio, Press Release, 2023)
(Source: Zscaler, Inc., Press Release, 2023)
The " SaaS based SCM Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
The global SaaS based SCM market is expected to reach US$ 23.08 billion by 2031.
The key players holding majority shares in the global SaaS based SCM market are THE DESCARTES SYSTEMS GROUP INC, Infor, Cleo, SAP, Epicor Software Corporation, Oracle, Manhattan Associates, IBM, Kinaxis Inc., Blue Yonder, Inc.
Increasing demand for cost efficient SCM solutions, which is anticipated to play a significant role in the global SaaS based SCM market in the coming years.
Increasing demand for automation in SCM and the rising need for supply chain visibility are the major factors that propel the global SaaS based SCM market growth.
The global SaaS based SCM market was estimated to be US$ 9.45 billion in 2023 and is expected to grow at a CAGR of 11.8 % during the forecast period 2024 - 2031.