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SaaS-based SCM Market 2020: Ready to Witness Massive Growth in the Coming Years

02-05-2020 06:16 PM CET | IT, New Media & Software

Press release from: Allied Market Research

SaaS-based SCM Market 2020: Ready to Witness Massive Growth

The retail industry vertical has witnessed high demand in the global SaaS-based SCM market in 2016, owing to shift in consumer assurance and substantial changes in spending behavior and shopping patterns. In addition, reduced investment for new raw material purchase and pay-as-you-go deployment model in cloud deployment are expected to fuel the market growth in the near future. Moreover, the logistics and transportation markets have witnessed increased adoption of SaaS-based SCM across various regions, owing to strong demand for product information management in SaaS-based SCM.

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"SaaS-based SCM Market by Solution, Deployment, User Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global SaaS-based SCM market was valued at $2,897 million in 2016, and is projected to reach $9,420 million by 2023, growing at a CAGR of 18.6% from 2017 to 2023.

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Increase in demand for smart transportation, connected logistics, and surge in ICT expenditure are expected to augment the market penetration. The prominent markets, such as North America, Europe, and Asia-Pacific, provide growth opportunities to the global SaaS-based SCM market. Moreover, growth in adoption of real-time supply chain solutions is projected to fuel the market growth in the near future.

The European SaaS-based SCM market was the largest market in the world in 2016, owing to the growth in demand for real-time information among applications, including information systems, business processes, product movement information, and others. Global players are focused on innovating efficient analytical models to strengthen their product offering. In addition, industry participants have focused on improving their SaaS-based SCM solutions to ensure competence and effectiveness of the SaaS-based SCM platform across other emerging markets such as Latin America, the Middle East, and Africa.

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The key players profiled in the SaaS-based SCM market are Accenture, HighJump, IBM Corporation, Infor, JDA Software Group, Inc., Kinaxis, Logility, Manhattan Associates, Oracle Corporation, and SAP SE. All these players are involved in the competitive strategies, such as geographical expansion, mergers & acquisitions, product portfolio expansion, and partnership to augment the SaaS-based SCM market growth.

KEY FINDINGS OF THE STUDY

o The hybrid deployment model accounted for the highest share of the global market in 2016, growing at a CAGR of 19.9% from 2017 to 2023.

o Europe SaaS-based SCM market generated the highest revenue in 2016, valued at $1,080 million.

o The service segment dominated the market, in terms of growth, during the forecast period.

o U.S. dominated the global market in 2016. In addition, Canada, China, UK, Australia, Japan, and the other emerging markets are anticipated to provide significant opportunities for major players.

Key questions answered in SaaS-based SCM research study:

o What is the market growth rate of SaaS-based SCM Market from 2017-2023?

o What will be the global market size of the market from 2017 to 2023?

o Who are the leading global manufacturing companies in the SaaS-based SCM Market?

o What are the current trends and predicted trends?

o What are the challenges faced in the SaaS-based SCM Market?

o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?

o Which will be the anticipated growth rates for your own SaaS-based SCM economy altogether and also for every segment inside?

o Which will be the SaaS-based SCM application and types and forecast accompanied closely by producers?

o What are the conclusions of the SaaS-based SCM Market report?

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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