Surge in the need for real-time supply chain analysis across varied different industry verticals globally is expected to drive the sales growth in the global SaaS-based SCM market during the forecast period of 2021 to 2031. Retail, consumer goods, healthcare and pharmaceuticals, food and beverages, logistics and transportation, and manufacturing are some of the key industry verticals using SaaS-based SCM.
An upcoming research report by Transparency Market Research (TMR) delivers in-depth assessment of key factors impacting the development of the global SaaS-based SCM market. Moreover, this study delivers comprehensive assessment of major important elements such as drivers, restraints, current and historical trends, challenges, R&D activities, and growth opportunities in the market.
The analysts of a TMR study on the global SaaS-based SCM market have presented all the data and analysis in the form of segments, which are based on several vital parameters including solution, deployment, user type, industry vertical, and region. On the basis of solution, the market is classified into service and software.
SaaS-based SCMs are gaining traction owing to their ability to offer end-to-end visibility on product and goods mobility. In order to achieve these results, these systems utilize improved analytics and supply chain forecasting prototypes, notes a TMR study on the SaaS-based SCM market. One of the important intension of these solutions is to improve and strengthen the operations pertaining to the supply chain of an organization by managing inventory, production, transportation, sourcing, and administering the product demand.
SaaS-based SCM offer improved visibility to organizations together with a cross-functional access. In addition, the availability of exception-based process management platforms in these solutions allows staff to micro-manage all steady-state procedures. Owing to these advantages, the global SaaS-based SCM market is projected to gain profitable prospects in the years ahead.
The global SaaS-based SCM market is estimated to gain lucrative opportunities during the forecast period owing to factors such as technological advancements in the supply chain industry, rise in the ICT spending budgets, and rise in the demand for real-time supply chain analysis. This aside, the SaaS-based SCM market is being driven by the expansion of the industrial-grade digital technology and increase in the demand for advanced supply chain visibility globally.
The nature of the global SaaS-based SCM market seems to be fairly fragmented with the presence of considerable number of players in it. Hence, the competition levels in the market for SaaS-based SCM are highly intense. Players operating in the SaaS-based SCM market are executing diverse strategies such as mergers, acquisitions, partnerships, and collaborations in order to stay ahead of the competition.
Enterprises operating in the global SaaS-based SCM market are increasing the spending on R&Ds in order to improve the quality of the service they offer. Moreover, companies in the market for global SaaS-based SCM are focusing on the launch of innovative services and products. Such efforts are prognosticated to help in the expansion of the global SaaS-based SCM market in the years ahead.
The list of key players in the global SaaS-based SCM market includes:
In terms of region, the global SaaS-based SCM market shows existence in many regions including North America, Europe, Asia Pacific, and Latin America, Middle East and Africa. Of them, North America is estimated to maintain its dominant position in the market for SaaS-based SCM. Factors such as surge in expenditure on logistics & transportation and increase in the adoption of automation techniques in the logistics and supply chain activities are estimated to drive the market growth in this region.