SaaS based SCM Market Forecast and Growth 2031

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.

SaaS based SCM Market Analysis

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 based SCM Market Overview

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.

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SaaS based SCM Market: Strategic Insights

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SaaS based SCM Market Drivers and Opportunities

Growing Demand for Automation to Favor Market

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.

Increasing Demand for Cost-Efficient SCM Solutions

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.

SaaS based SCM Market Report Segmentation Analysis

Key segments that contributed to the derivation of the SaaS based SCM market analysis are deployment model, solutions, industry vertical, and end-users.

• Based on deployment model, the SaaS based SCM market is divided into cloud, on-premise.
• By solutions, the market is segmented into manufacturing and planning, sourcing and procurement, supply chain planning, warehouse management, transport management, and others.
• Based on industry vertical, the SaaS based SCM market is divided into transport and logistics service, manufacturing, retail, public sector, and distribution network.
• In terms of end-users, the market is bifurcated into small and medium enterprises and large enterprises.

SaaS based SCM Market Share Analysis by Geography

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.

SaaS based SCM Market Regional Insights

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.

SaaS based SCM Market Report Scope

SaaS based SCM Market Players Density: Understanding Its Impact on Business Dynamics

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:

1. THE DESCARTES SYSTEMS GROUP INC
2. Infor
3. Cleo
4. SAP
5. Epicor Software Corporation
6. Oracle

Disclaimer: The companies listed above are not ranked in any particular order.

SaaS based SCM Market News and Recent Developments

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:

• In April 2023, - Inspectorio, the leading AI-powered SaaS solution for supply chain organizations, continues to break barriers in the supply chain industry with the introduction of the Inspectorio CAPA recommender, the world's first ChatGPT-driven generative AI tool to assist brands, retailers, suppliers, factories, and others with supply chain management.

(Source: Inspectorio, Press Release, 2023)

• In February 2023, Zscaler, Inc., one of the leaders in cloud security, announced the intent to acquire Canonic Security, a SaaS application security platform innovator. Canonic’s platform is designed to prevent organizations' growing risks of SaaS supply chain attacks. With the massive migration to the cloud, as organizations are adopting hundreds of SaaS platforms, their users are connecting thousands of third-party applications and browser extensions to their critical SaaS platforms like Atlassian Suite, Microsoft 365, Salesforce, Google Workspace, and Slack without IT’s permission.

(Source: Zscaler, Inc., Press Release, 2023)

SaaS based SCM Market Report Coverage and Deliverables

The " SaaS based SCM Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter's Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles