Saasbased Scm Market Size, Share, Industry Trends and Forecast to 2030

Saasbased Scm Market Size & CAGR in 2021

The Saasbased Supply Chain Management (SCM) market size in 2021 was valued at USD 4.5 billion. The market is projected to grow at a CAGR of 12.5% from 2021 to 2028, reaching a market size of USD 9.6 billion by the end of the forecast period. The increasing adoption of cloud-based solutions for SCM and the need for efficient supply chain processes are driving the growth of the Saasbased SCM market.

COVID-19 Impact on the Saasbased SCM Market

The COVID-19 pandemic had a significant impact on the Saasbased SCM market. As businesses worldwide faced disruptions in their supply chains, there was a growing need for agile and cloud-based SCM solutions to manage the challenges posed by the pandemic. This led to an increased adoption of Saasbased SCM solutions as businesses sought to enhance their supply chain resilience and visibility.

Saasbased SCM Dynamics

The Saasbased SCM market is characterized by rapid digitization and the adoption of cloud technologies. Key dynamics driving the market include increasing demand for real-time visibility into supply chain operations, rising need for cost-effective and scalable SCM solutions, and the growing focus on sustainability and transparency in supply chain processes.

Segments and Related Analysis

The Saasbased SCM market can be segmented based on deployment mode, organization size, and industry vertical. By deployment mode, the market is divided into public cloud, private cloud, and hybrid cloud. Based on organization size, the market is categorized into small and medium-sized enterprises (SMEs) and large enterprises. In terms of industry vertical, the market includes retail, manufacturing, healthcare, logistics, and others.

By Region Analysis

The Saasbased SCM market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for Saasbased SCM solutions, driven by the presence of key market players, technological advancements, and a mature cloud infrastructure. Asia Pacific is expected to witness the fastest growth due to increasing adoption of cloud technologies in emerging economies like India and China.

Key Market Players and Competitive Landscape

Key players in the Saasbased SCM market include Oracle Corporation, SAP SE, Infor, Blue Yonder, and Kinaxis. These companies are focusing on strategic partnerships, product enhancements, and mergers & acquisitions to strengthen their market presence and expand their customer base. The market is highly competitive, with companies vying to innovate and offer differentiated solutions to cater to the evolving needs of businesses.

Recent Happenings in the Saasbased SCM Market

In recent developments, Oracle announced the launch of a new Saasbased SCM solution with enhanced AI capabilities to optimize supply chain processes. SAP introduced a cloud-based SCM platform that integrates with its ERP solutions to provide end-to-end visibility and control over supply chain operations. These advancements reflect the growing trend towards digital transformation and cloud adoption in the SCM space.