According to a new
market research study titled ‘Software as a Service based SCM Market to 2025 –
Global Analysis and Forecasts by Deployment Model, Solutions, Industry
Verticals and End-user’, the global SaaS based SCM market was valued at US$
4.91 Bn in 2015 and is estimated to reach US$ 36.72 Bn by 2025. The report
highlights the trends prevalent in the global SaaS based SCM market and the
factors driving the market along with those that act as deterrents to its
growth.
A proper supply chain systems consists of many trading partners and thus, it
becomes quite tedious to manage service level agreements and regulatory
compliances amongst all the trading parties involved in the chain. With a
proper regulatory compliance tool integrated in the software, better value is
added on the buyer side. Integration of such a tool allows companies to focus
on their core competencies and become competitive in the market thus leading to
the overall development of entire system of supply chain. These value additions
have led to the further prosperity of the cloud based SCM market.
TMS, WMS and Manufacturing solutions were traditionally deployed as on-premise
applications. But with the need of increasing storage spaces, SaaS models have
gained greater importance. Also TMS and WMS are required in small and medium as
well as large scale industries. With the world economy increasing, developing
countries have been keener on investing in various technologies. Applications
such as TMS and WMS support the smooth and efficient operations of the
industries. Almost all industry vertical somehow find the application of TMS
and WMS and reap benefits in form of faster time-to-market of the product,
quick response to customer demands, proper balance between supply and demand.
Developing economies have created huge opportunities for industries to prosper
as the purchasing power of masses increases. Indirectly, it creates bigger
prospects for these applications to be adopted.
The global SaaS based SCM market has been segmented on the basis of deployment
model into private cloud, public cloud and hybrid cloud. The global SaaS based
SCM market is further segmented on the basis of solutions into manufacturing
planning, sourcing and procurement, supply chain planning, warehouse
management, transportation management and others. Additionally, this market is
also segmented on the basis of end-users into Small & Medium sized
enterprises and Large Scale Enterprises. The market can be classified on the
basis of industry verticals into retail sector, public sector, distribution
sector, transportation & logistics sector and the manufacturing sector.
Geographically, the global SaaS based SCM market is segmented into North
America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South
America (SAM).
Brazil is expected to witness rising adoption of software as a service model of
supply chain management due to rise in the number of small and medium scale
organizations. The key players profiled in the report are Descartes Systems,
IBM Corporation, Oracle Corporation, Inc., SAP SE, Infor, Epicor, JDA Software,
HighJump Software, Kewill and Manhattan Associates.