SaaS Based SCM Market is projected to be worth USD 38.18 billion by 2033 and is anticipated to surge at a CAGR of 13.66%.
A form of software application used for on-premise and on-cloud administration of supply chain activities is known as software-as-a-service (SaaS) based supply chain management (SCM). The software keeps track of the inventory in order to boost productivity, get rid of work that is done twice, and standardise procedures It acts as a flexible system that instantly alters corporate procedures to meet changing demands. A smaller staff also contributes to lower operational and capital costs and a quicker return on investment. Sourcing and procurement, order management, demand and operations planning, inventory, warehouse, and transportation management are all common uses for it.
Global SaaS Based SCM Market Driving Factors and Challenges
The global SaaS-based Supply Chain Management (SCM) market is fuelled by key factors such as cost efficiency, scalability, and flexibility. SaaS solutions offer cost advantages by avoiding upfront investments in hardware and software licenses, enabling affordable access for businesses of all sizes. The scalability and flexibility of SaaS-based SCM allow easy adjustments to software usage as companies grow or face demand fluctuations. Accessibility and collaboration are enhanced through cloud-based systems, promoting real-time visibility and efficient communication among stakeholders. Rapid deployment and upgrades are facilitated by cloud hosting, reducing reliance on IT resources. Integration capabilities streamline data flow with other enterprise systems. Advanced analytics and insights provide valuable information to optimize inventory, forecast accurately, and improve overall supply chain performance.
The global SaaS-based SCM market faces challenges in various areas. Data security and privacy are critical as supply chain data is stored in the cloud, requiring robust security measures. Integration complexities arise when SCM systems need to integrate with other enterprise systems, such as ERP and CRM, due to differences in data formats and compatibility. Scalability and performance are challenges as SaaS-based SCM platforms handle large data volumes and multiple users. Customization and flexibility need to be balanced to accommodate unique supply chain requirements while maintaining a standardized platform. Vendor reliability and continuity are crucial for organizations relying on SaaS providers, necessitating backup plans and transparent communication.
Impact of COVID-19 on Global SaaS Based SCM Market
The COVID-19 pandemic accelerated the need for digital transformation in industries, leading to increased demand for SaaS-based Supply Chain Management (SCM) solutions. Traditional supply chain systems faced disruptions due to manufacturing shutdowns, transportation challenges, and labour shortages caused by the pandemic. SaaS-based SCM systems helped organizations overcome these disruptions by providing real-time visibility, enabling agile decision-making. With remote work becoming prevalent, SaaS-based SCM platforms facilitated collaboration among supply chain stakeholders, allowing seamless coordination despite physical distance. Additionally, there was a surge in e-commerce activities as consumers shifted to online shopping, and SaaS-based SCM solutions provided scalability and flexibility to handle orders and inventory efficiently.
SaaS Based SCM Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Blue Yonder Group Inc., Coupa Software Inc., Descartes System, Epicor Software Corporation, GT Nexus, HighJump Software, IBM, Infor, Inspur, JDA Software, Kewill, Kinaxis, Korber AG, Logility Inc., Manhattan Associates, Oracle, SAP SE, TOTVS, Others.
Global SaaS Based SCM Market Segmentation:
By Solution: Based on the Solution, Global SaaS Based SCM Market is segmented as; Service, Software.
By Deployment Mode: Based on the Deployment Mode, Global SaaS Based SCM Market is segmented as; Hybrid, Private, Public.
By Application: Based on the Application, Global SaaS Based SCM Market is segmented as; Manufacturing Planning, Sourcing and Procurement, Supply Chain Planning, Transportation Management, Warehouse & Inventory Management, Others.
By Vertical: Based on the Vertical, Global SaaS Based SCM Market is segmented as; Automotive, Consumer Goods, Food And Beverages, Healthcare And Pharmaceuticals, Logistics And Transportation, Manufacturing, Retail & E-commerce, Others.
By End-User: Based on the End-User, Global SaaS Based SCM Market is segmented as; Large Enterprises, Small And Medium-Sized Enterprises.
By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.