Outlook on the SaaS-based SCM Global Market to 2026 - by Solution, Deployment Mode, End-user, Application, Vertical and Region
DUBLIN, July 21, 2021 /PRNewswire/ -- The "SaaS-based SCM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global SaaS-based SCM market reached a value of US$ 5.4 Billion in 2020. Software-as-a-Service (SaaS)-based supply chain management (SCM) refers to a software application used for on-premise and on-cloud management of supply chain processes. The software maintains the record of the inventory to increase productivity, eliminate duplication of work and standardize processes. It acts as a flexible system that automatically re-configures business processes based upon the current requirements. It also aids in minimizing capital expenses and operating costs and provides a faster return on investment with a limited workforce. As a result, it is commonly used for sourcing and procurement, order management, demand and operations planning and inventory, warehouse, and transportation management.
Additionally, various innovations, such as integration with the Internet of Things (IoT) and the development of hybrid and pay-as-you-go models for public and private deployments, are acting as other growth-inducing factors. Organizations are adopting these solutions for cost comparison, enhanced uptime, reliability and monitoring of supply and demand. Other factors, including the growing demand for solutions for improved traceability and visibility in the supply chain, along with developments in the information technology (IT) sector, are expected to drive the market further. Looking forward, the publisher expects the global SaaS-based SCM market to grow at a CAGR of 16.32% during 2021-2026.
The report has also analysed the competitive landscape of the market with some of the key players being Blue Yonder Inc., Descartes Systems Group Inc., Epicor Software Corporation (KKR & Co. Inc.), Highjump Software Inc. (Korber AG), International Business Machines Corporation, Infor Inc. (Koch Industries, Inc.), Kinais Inc., Logility Inc. (American Software Inc.), Manhattan Associates Inc., Oracle Corporation and SAP SE.
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For more information about this report visit https://www.researchandmarkets.com/r/j1uwms
Research and Markets
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SOURCE Research and Markets