IMARC Group

SaaS-based SCM Market Industry Size, Share, Growth and Forecast to 2032

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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 " . Offers a comprehensive analysis of the industry, which comprises insights on the global SaaS-based SCM market growth . The global 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: The SaaS-based supply chain management (SCM) industry is currently experiencing significant growth due to rapid technological advancements. Innovations in cloud computing, artificial intelligence (AI), and machine learning (ML) are reshaping SCM solutions, making them more efficient and scalable. These technologies enable real-time data analytics and enhanced visibility across the supply chain, facilitating better decision-making and efficiency. Furthermore, the integration of Internet of Things (IoT) devices is automating and streaming logistics and inventory management, leading to reduced operational costs and improved service levels. As technology continues to evolve, SaaS-based SCM solutions are becoming increasingly sophisticated, offering businesses advanced tools for managing their supply chains effectively. The global shift toward cloud-based solutions is another critical factor driving the growth of the SaaS-based SCM industry. With the rising adoption of cloud computing, companies are seeking scalable, flexible, and cost-effective software solutions. SaaS-based SCM systems offer these advantages, allowing businesses of all sizes to leverage advanced supply chain management tools without the need for substantial upfront investments in IT infrastructure. The pay-as-you-go model of SaaS solutions is particularly attractive to small and medium-sized enterprises (SMEs), which significantly contributes to the growth of the market. Additionally, the ability to access SCM software remotely and the ease of updating and maintaining these systems are key factors that are accelerating the adoption of cloud-based SCM solutions. The ongoing globalization of supply chains is a major factor supporting the growth of the SaaS-based SCM industry. As businesses expand their operations internationally, managing complex, geographically dispersed supply chains becomes a significant challenge. SaaS-based SCM solutions offer the necessary tools to manage these complexities efficiently. They also provide enhanced visibility, coordination, and control over global supply networks, enabling companies to respond quickly to market changes and manage risks more effectively. The ability of these systems to support multilingual and multicurrency transactions is also crucial for global operations, making SaaS-based SCM an indispensable tool for companies operating on an international scale. Leading Companies Operating in the Global SaaS-based SCM Industry: 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 dominates the market by solution as it is the core component providing essential functionalities for supply chain management, such as inventory control, procurement, and logistics planning. By Deployment Mode: Hybrid holds the largest market share as it offers a balanced mix of security, flexibility, and cost-effectiveness, accommodating the varying IT needs of different businesses. By End User: Large enterprises represent the leading end user segment because their complex and extensive supply chain operations require robust and scalable solutions that SaaS-based software can provide. By Application: Demand and operations planning accounts for the majority of the market share due to the critical need for businesses to accurately forecast demand and efficiently plan resources to optimize supply chain performance. By Vertical: Consumer goods and retail represents the largest market segment owing to the rising need to manage a vast and dynamic inventory and to coordinate a complex distribution network efficiently. Market Breakup by Region: Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=2385&flag=C Global SaaS-based SCM Market Trends: The SaaS-based supply chain management (SCM) market is currently experiencing several transformative trends. A significant shift toward cloud-based solutions is evident as businesses seek scalable, cost-effective systems that offer enhanced flexibility. Moreover, the integration of cutting-edge technologies like AI, IoT, and advanced analytics is revolutionizing SCM, enabling real-time decision-making and increased operational efficiency. Along with this, the growing emphasis on sustainability in supply chain practices is fueling the adoption of SaaS-based SCM, which supports efficient resource utilization and reduced carbon footprints. These trends indicate a robust future for the SaaS-based SCM market, underpinned by technological innovation and an evolving business landscape 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 company's 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 Email: sales@imarcgroup.com USA: +1-631-791-1145 | Asia: +91-120-433-0800 Address: 134 N 4th St. Brooklyn, NY 11249, USA Follow us on Twitter: @imarcglobal