James Smith
by on May 3, 2024
38 views

IMARC Group's report titled "SaaS-based SCM Market Report by Solution (Software, Services), Deployment Mode (Public, Private, Hybrid), End User (Large Enterprises, Small and Medium Enterprises), Application (Transportation Management, Inventory and Warehouse Management, Sourcing and Procurement Management, Order Management, Demand and Operations Planning, and Others), Vertical (Consumer Goods and Retail, Food and Beverages, Healthcare and Life Sciences, Manufacturing, Transportation and Logistics, and Others), and Region 2024-2032". The global SaaS-based SCM market size reached US$ 8.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.7 Billion by 2032, exhibiting a growth rate (CAGR) of 14.3% during 2024-2032.

Factors Affecting the Growth of the Saas-based SCM Industry:

  • Growing Retail and E-commerce:

In the retail and e-commerce sectors, the increasing online shopping requires a more robust approach to supply chain management. Moreover, companies are turning to software-as-a-service (SaaS) supply chain management (SCM) solutions to enhance efficiency and adaptability. These tools provide centralized control over inventory, allowing businesses to respond swiftly to market changes and consumer demand. It offers predictive insights into stock levels, helping retailers avoid overstocking or stockouts by integrating real-time data analytics. Additionally, they facilitate smoother order fulfillment processes by automating various steps from order processing to delivery, ensuring that customers receive their purchases promptly which improves customer satisfaction and drives sales growth.

  • Increasing Logistics and Transportation:

The logistics and transportation industry is critical in maintaining the flow of goods across global networks. SaaS SCM solutions are enhancing the efficiency of operations and ensuring the timely delivery of cargo. Moreover, companies are gaining real-time visibility into their logistics operations, tracking shipments from origin to destination by leveraging cloud-based platforms. These systems also enable route optimization based on traffic patterns, weather conditions, and delivery schedules, reducing fuel consumption and improving delivery times. Furthermore, SaaS SCM tools support better fleet management by monitoring vehicle health and driver performance, which helps in maintaining safety standards and reducing operational costs. As a result, logistics companies enhance their operational efficiency and improve their service reliability and customer trust.

  • Expanding Healthcare:

Healthcare institutions particularly in inventory management of critical medical supplies, pharmaceuticals, and equipment face unique challenges in supply chain management. In addition, the adoption of SaaS SCM solutions in healthcare aims to address these issues by providing precise tracking and management capabilities. These systems ensure that essential products are adequately stocked and available when needed, which is crucial for patient care. Moreover, SaaS SCM allows for the efficient distribution of medical supplies, reducing wastage through expired products and minimizing costs by avoiding unnecessary overstocking. It also supports compliance with regulatory requirements by maintaining clear records of procurement, storage, and distribution. Ultimately, SaaS SCM empowers healthcare providers to enhance their operational efficiency while focusing on improving patient outcomes.

Leading Companies Operating in the Global Saas-based SCM Industry:

  • Blue Yonder Inc.
  • Descartes Systems Group Inc.
  • Epicor Software Corporation (KKR & Co. Inc.)
  • Highjump Software Inc. (Körber AG)
  • International Business Machines Corporation
  • Infor Inc. (Koch Industries, Inc.)
  • Kinaxis Inc.
  • Logility Inc. (American Software Inc.)
  • Manhattan Associates Inc.
  • Oracle Corporation and SAP SE.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/saas-based-scm-market/requestsample

Saas-based SCM Market Report Segmentation:

By Solution: 

  • Software
  • Services

Software accounts for the largest market share, as it offers a wide array of solutions tailored to various supply chain needs, attracting a diverse range of businesses seeking efficient management tools.

By Deployment Mode:

  • Public
  • Private
  • Hybrid

The hybrid mode holds the largest market share due to its flexibility, offering a balance between on-premise and cloud-based solutions, appealing to companies with diverse infrastructure requirements.

By End User:

  • Large Enterprises
  • Small and Medium Enterprises

Large enterprises dominate the market, as they have substantial resources to invest in advanced SCM solutions, enabling them to optimize their operations at scale.

By Application: 

  • Transportation Management
  • Inventory and Warehouse Management
  • Sourcing and Procurement Management
  • Order Management
  • Demand and Operations Planning
  • Others

Demand and operations planning represent largest segment as it is essential for businesses to forecast demand accurately and efficiently manage their operations to meet customer needs and maintain competitiveness.

By Vertical:

  • Consumer Goods and Retail
  • Food and Beverages
  • Healthcare and Life Sciences
  • Manufacturing
  • Transportation and Logistics
  • Others

Consumer goods and retail dominate the market due to the rising demand for efficient supply chain management solutions in these sectors, where product availability and speed are critical for success.

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Global Saas-based SCM Market Trends:

At present, businesses prefer cloud-based SCM solutions due to their flexibility, scalability, and cost-effectiveness compared to traditional on-premises software. It is expected to continue as more companies embrace digital transformation initiatives. Moreover, the integration with other business systems such as enterprise resource planning (ERP), customer relationship management (CRM), and warehouse management systems (WMS) is becoming crucial. Seamless data flow between these systems enhances operational efficiency and provides better visibility across the entire supply chain. Furthermore, AI and machine learning technologies are being integrated into SCM solutions to optimize processes such as demand forecasting, inventory management, and route optimization. These technologies help businesses make data-driven decisions, improve accuracy, and reduce costs.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163

Posted in: Business, Technology
Be the first person to like this.