The Global SaaS-based SCM Market is Estimated to reach $19 Billion by 2028, at a CAGR of 12.9%

SaaS-based SCM Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global SaaS-based SCM Market size is expected to reach $19 billion by 2028, rising at a market growth of 12.9% CAGR during the forecast period.

The Software segment acquired maximum revenue share in the Global SaaS-based SCM Market by Component in 2021, thereby, achieving a market value of $12.3 billion by 2028. To boost productivity, prevent duplication of work, and standardize operations, the software keeps track of inventory. It functions as a flexible approach that reconfigures business operations automatically based on current requirements. It also helps to reduce capital and operating costs, as well as provide a higher return on investment with a smaller workforce.

The Private segment is showcasing a CAGR of 13.6% during (2022 - 2028). High-security standards ensure that data is not stored on webservers where it can be tried to hack from outside sources, the ability to access data anytime, anywhere because it is stored on an internal server; and reduced network traffic because all employees do not need to sign in to one centralized computer but rather have their storage capacity within the company's private cloud.

The Large Enterprises segment is leading the Global SaaS-based SCM Market by Organization Size in 2021, thereby, achieving a market value of $13 billion by 2028. As a result of a growth in the use of Supply Chain management technology to integrate it with their current applications and inventories. The increased demand for sophisticated monitoring systems and automated abilities for allocation of resources and rational decisions are driving the segment's expansion. Furthermore, the market is growing due to a considerable increase in the demand for software in large enterprises to aid in the collection of vital business data from many sources, such as inventory levels, predicted sales statistics, supplier information, and others.

The Retail segment has shown growth rate of 13.2% during (2022 - 2028). The retail business is predicted to develop significantly, as most of the major companies are implementing cloud-based technology to restructure their supply chains and get unprecedented visibility and data insights. The goal of technology integrations is to better understand the customer journey and provide a tangible improvement. A slow economy decreased in-store sales and margins, and growing labour expenses are all challenges for the retail business. To stay competitive, players need technologies that help firms manage paper documents and both structured and unstructured data more successfully. As a result, the majority of the major companies are turning to cloud-based solutions to restructure their supply chains and get unprecedented visibility and data insights.

North America is the fastest growing region dominated the Global SaaS-based SCM Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7.2 billion by 2028. The Europe market is estimated to witness a CAGR of 12.6% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 13.7% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/saas-based-scm-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Accenture PLC, Oracle Corporation, SAP SE, The Descartes Systems Group, Inc., Manhattan Associates, Inc., Blue Yonder, Inc., Infor, Inc., Kinaxis, Inc., and HighJump Software Inc.

Global SaaS-based SCM Market Segmentation

By Component

• Software
• Services

By Deployment

• Public
• Private
• Hybrid

By Organization

• Large Enterprises
• Small & Medium Enterprises

By Vertical

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

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• IBM Corporation
• Accenture PLC
• Oracle Corporation
• SAP SE
• The Descartes Systems Group, Inc.
• Manhattan Associates, Inc.
• Blue Yonder, Inc.
• Infor, Inc.
• Kinaxis, Inc.
• HighJump Software Inc.

Related Reports:

North America SaaS-based SCM Market Size & Forecast, 2028

• May-2022
• 97 Pages

LAMEA SaaS-based SCM Market Size, Share, Trends to 2022-2028

• May-2022
• 119 Pages

Europe SaaS-based SCM Market Size & Share, Forecast, 2028

• May-2022
• 111 Pages

Asia Pacific SaaS-based SCM Market Size & Analysis to 2028

• May-2022
• 112 Pages