SaaS-Based SCM Market Size Surges as Cloud Solutions Redefine Supply Chain Operations for Modern Businesses Worldwide

The saas-based scm market was valued at $7.3 billion in 2020, and is estimated to reach $26.0 billion by 2030, growing at a CAGR of 13.42% from 2021 to 2030.

Growth in demand for real-time supply chain analysis, technology progress in digital supply chain industry, and increase in ICT spending primarily drives growth of the SaaS-based SCM market. In addition, the factors such as development of industrial-grade digital technology and upsurge in need for improved supply chain visibility fuels the market growth.

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Cloud-based SCM solutions are gaining popularity due to their scalability, flexibility, and cost-efficiency. Businesses are increasingly migrating from traditional, on-premises SCM systems to SaaS-based models to streamline operations and reduce IT infrastructure costs.

Real-time data and visibility across the entire supply chain have become essential. SaaS-based SCM systems are integrating with IoT devices and leveraging data analytics to provide actionable insights into inventory levels, shipment status, and demand fluctuations, enabling quicker decision-making.

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Sustainability is a growing concern in supply chain management. SaaS-based SCM solutions are incorporating features to help companies track and reduce their carbon footprint, optimize transportation routes for efficiency, and make environmentally conscious decisions in their supply chain processes.

Artificial intelligence and predictive analytics are playing a pivotal role in SaaS-based SCM. These technologies assist in demand forecasting, inventory optimization, and risk management. By analyzing historical data and real-time information, businesses can make informed decisions to prevent disruptions and improve efficiency.

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By user type, the large enterprises segment dominated the global market in 2020, and is expected to continue this trend during the forecast period, owing to increase in adoption of SCM software to integrate this software into their existing software and inventories. Furthermore, the small & medium-sized enterprises segment is expected to grow at the highest CAGR during the forecast period, owing to surge in adoption of cloud-based supply chain management software, as it provides cost-effective and efficient solution for SMEs.

Some of the key SaaS-based SCM industry players profiled in the report are SAP SE, Oracle Corporation, Blue Yonder Group, Inc., Infor, Manhattan Associates, The Descartes Systems Group Inc., HighJump (Korber AG), Kinaxis Inc., and IBM Corporation. This study includes market trends, SaaS-based SCM market analysis, and future estimations to determine the imminent investment pockets.

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