The
global SaaS-based
SCM market is expected to display higher growth rate over the next five
years. Rapid surge in the SaaS-based SCM market is credited to development of
private, public, and hybrid deployment models of software-as-a-service (SaaS)
solution in supply chain management (SCM). Soaring number of connected devices
in IoT and increasing need for advanced & real-time analytics are key
driving factors for market growth in the past few years. Globally, market is
predicted to grow at a CAGR of 20.52% in the upcoming years, providing numerous
opportunities for market players to invest for research and development in the
SaaS-based SCM market.
Shifting
trend towards SaaS-based SCM solution by large-scale enterprises is attributed
to the recent enhancement and modernization of supply chain planning processes
without building new and maintaining complex IT infrastructures. Several
large-scale enterprises are adopting demand-based solutions platform available
as a software-as-a-service (SaaS) for supply chain management solutions. Software-as-a-service
(SaaS)-based supply chain management (SCM) solutions offer the full
functionality of the on-premises version. Adoption of software-as-a-service
(SaaS)-based supply chain management (SCM) solutions helps organization to
limit up-front investment for software licenses and implementation.
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Key
factors driving the market include high-end traceability and visibility across
supply chain network. Supply chain management assists in maintenance of the
inventory levels by fulfilling consumer demands. Supply chain management solutions
are focusing on higher manufacturing production, reduction of rework,
standardization of industrial processes, and maintenance of inventory levels.
Increasing adoption of software-as-a-service (SaaS) supply chain management
software offer improved visibility with a cross-functional access. In addition,
cloud integration provide organizations with several advantages such as
reduction in manufacturing errors, maintenance of inventory levels, and
improvements in customer service.
Software-as-a-service
(SaaS)-based SCM software provides full supply chain planning functionality in
single solution, which is hosted beyond the corporate firewall. Thus,
delivering powerful software platforms helps to eliminate the need to perform
updates and fixes. These factors are expected to drive the growth of the market
over the forecast period.
The
market is broadly categorized into six major segments based on the application
type such as consumer goods sector, retail sector, food & beverages sector,
healthcare & pharmaceuticals industry, manufacturing sector and logistics
& transportation industry. The consumer goods segment is growing rapidly in
the market with substantial revenue generation in the last few years.
Market Segment:
The key players covered in this study
•
Accenture
•
HighJump
•
IBM Corporation
•
Infor
•
JDA Software Group
•
Kinaxis
•
Logility
•
Manhattan Associates
Market segment by Application, split
into
•
Consumer Goods
•
Retail
•
Food & Beverages
•
Healthcare & Pharmaceuticals
•
Manufacturing
•
Logistics & Transportation
•
Others
Market segment by Regions/Countries,
this report covers
•
United States
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
•
Central & South America
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