The SaaS based SCM market size is projected to reach US$ 23.08 billion by 2031 from US$ 9.45 billion in 2023. The market is expected to register a CAGR of 11.8% in 2023—2031. Increasing demand for automation in SCM and the rising need for supply chain visibility are becoming increasingly important.
SaaS based SCM Market Analysis
The SaaS based SCM market is anticipated to grow at a rapid pace as a result of technological advancement, the rising need for efficient and cost-effective SCM solutions, and the growing demand for cloud services, also due to the growth in the number of SMEs and the need for integrated SCM solutions for supply chain visibility, enhanced customer service, and reduced cost.
SaaS based SCM Market Overview
SaaS (software as a service) supply chain management (SCM) software is a cloud-based software solution that helps businesses manage the entirety of their supply chains. SaaS SCM software is considered as a popular choice for businesses of all sizes because it is easy to use, scalable, and affordable compared to traditional methods.
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SaaS based SCM Market: Strategic Insights
Market Size Value in US$ 2.65 Billion in 2015 Market Size Value by US$ 20.05 Billion by 2025 Growth rate CAGR of 22.7% from 2016-2025 Forecast Period 2016-2025 Base Year 2016
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SaaS based SCM Market: Strategic Insights
| Market Size Value in | US$ 2.65 Billion in 2015 |
| Market Size Value by | US$ 20.05 Billion by 2025 |
| Growth rate | CAGR of 22.7% from 2016-2025 |
| Forecast Period | 2016-2025 |
| Base Year | 2016 |
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SaaS based SCM Market Drivers and Opportunities
Growing Demand for Automation to Favor Market
Because automation may reduce manual work and boost efficiency, it has gained popularity in the supply chain management (SCM) industry. Organizations can maximize their operations by reducing expenses and increasing accuracy through automation. Additionally, automation allows supply chain processes to be managed flexibly and scalable, which helps businesses adapt swiftly to shifting market conditions and customer expectations.
Increasing Demand for Cost-Efficient SCM Solutions
The increasing need for integrated supply chain management solutions is anticipated to propel the growth of the SaaS-based SCM market during the forecast period. The main driver of the market is the increasing demand for supply chain management systems that are affordable, flexible, and effective. Another important aspect driving the market's expansion is the rising need for affordable supply chain management systems. Another key driver of the market is the rising need for complete supply chain management solutions that are integrated. The market is also being driven by the increasing demand for cloud-based technologies and services, which are anticipated to lower supply chain management costs and facilitate more effective operations.
SaaS based SCM Market Report Segmentation Analysis
Key segments that contributed to the derivation of the SaaS based SCM market analysis are deployment model, solutions, industry vertical, and end-users.
- Based on deployment model, the SaaS based SCM market is divided into cloud, on-premise.
- By solutions, the market is segmented into manufacturing and planning, sourcing and procurement, supply chain planning, warehouse management, transport management, and others.
- Based on industry vertical, the SaaS based SCM market is divided into transport and logistics service, manufacturing, retail, public sector, and distribution network.
- In terms of end-users, the market is bifurcated into small and medium enterprises and large enterprises.
SaaS based SCM Market Share Analysis by Geography
The geographic scope of the SaaS based SCM market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America has dominated the SaaS based SCM market. High technology adoption trends in various industries in the North American region have fuelled the growth of the SaaS based SCM market. Factors such as increased adoption of digital technology and high technological spending by government agencies are expected to drive the North American SaaS based SCM market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of SaaS based SCM market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the SaaS based SCM market.
SaaS based SCM Market Report Scope
SaaS based SCM Market News and Recent Developments
The SaaS based SCM market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In April 2023, - Inspectorio, the leading AI-powered SaaS solution for supply chain organizations, continues to break barriers in the supply chain industry with the introduction of the Inspectorio CAPA recommender, the world's first ChatGPT-driven generative AI tool to assist brands, retailers, suppliers, factories, and others with supply chain management.
(Source: Inspectorio, Press Release, 2023)
- In February 2023, Zscaler, Inc., one of the leaders in cloud security, announced the intent to acquire Canonic Security, a SaaS application security platform innovator. Canonic’s platform is designed to prevent organizations' growing risks of SaaS supply chain attacks. With the massive migration to the cloud, as organizations are adopting hundreds of SaaS platforms, their users are connecting thousands of third-party applications and browser extensions to their critical SaaS platforms like Atlassian Suite, Microsoft 365, Salesforce, Google Workspace, and Slack without IT’s permission.
(Source: Zscaler, Inc., Press Release, 2023)
SaaS based SCM Market Report Coverage and Deliverables
The " SaaS based SCM Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment Model, Solution, Industry Vertical and End-user
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The global SaaS based SCM market is expected to reach US$ 23.08 billion by 2031.
The key players holding majority shares in the global SaaS based SCM market are THE DESCARTES SYSTEMS GROUP INC, Infor, Cleo, SAP, Epicor Software Corporation, Oracle, Manhattan Associates, IBM, Kinaxis Inc., Blue Yonder, Inc.
Increasing demand for cost efficient SCM solutions, which is anticipated to play a significant role in the global SaaS based SCM market in the coming years.
Increasing demand for automation in SCM and the rising need for supply chain visibility are the major factors that propel the global SaaS based SCM market growth.
The global SaaS based SCM market was estimated to be US$ 9.45 billion in 2023 and is expected to grow at a CAGR of 11.8 % during the forecast period 2024 - 2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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