SaaS based SCM Market Definition and Overview
Software as a Service (or SaaS) is a way of providing software applications running on a cloud infrastructure – as a service, according to specific needs of interested clients. Instead of installing and maintaining software, the client simply accesses it via the Internet, freeing themselves from complex software and hardware management. SaaS based SCM is a suite of software solutions that helps the companies to automate and accelerate all the core SCM activities of a company on a cloud. The software helps in companies to automatically track and hence keep proper records of the inventory that helps them in increasing productivity and in standardizing the processes. Due to the flexibility that the SaaS based SCM offers, companies are using it for all of their core SCM functions such as demand planning, inventory management, operations planning, sourcing, procurement, warehouse and transportation management. The SaaS based SCM aids in having a better visibility, provides accurate insights, provides rapid and scalable operations which enables companies to have an intelligent supply chain network.
Europe SaaS based SCM Market Outlook, Drivers and Challenges
The SaaS based SCM market in Europe is expected to witness strong growth of atleast 10% CAGR over the next five years, primarily driven by the increasing penetration among end-user industries, stabilizing long-term use among end-users within developed nations and rising adoption among end-users within developing nations.
The ability of the SaaS based SCM solutions in integrating with other latest technologies such as Internet of Things (IoT) and Artificial Intelligence is making many end-user companies switch to the cloud-based system from the traditional on-premise tools. The rapid growth in the adoption of flexible and scalable digital technologies by the end-user companies to effectively manage their supply chains is driving the SaaS based SCM market to grow. Flexibility offered by the solutions providers in terms of clients being able to choose hybrid and pay-as-you go models in deployment modes such as public and private is a key driver for the market.
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The skepticism around data security issues in a cloud environment is a challenge to the growth of SaaS based SCM market. The lack of sufficient skilled professionals in the SaaS based SCM is also likely to hamper the growth of the market in Europe.
Europe SaaS based SCM Market Value Chain Analysis
The SaaS based SCM software value chain consists of a database provider which collects raw data such as supplier information, point of sales, combined products, shipping notifications, etc. This data is then processed by the middleware software companies which create the main data in a structured format. This main data is used by the SaaS based SCM service providers to create solutions which are finally delivered to the client. Other organizations playing an important role in functioning of this value chain are Cloud Infrastructure providers.
Europe SaaS based SCM Market Segmentation
The SaaS based SCM market can be split into two major categories based on type of solutions such as Software and Services. Based on the Deployment Mode, the market is categorized as Public, Private and Hybrid. The Transportation Management, Inventory and Warehouse Management, Sourcing and Procurement Management, Order Management and Demand and Operations Planning are the Application based segments in the market. From the demand side, the market can be segmented based on end-user industries such as Electronics & Consumer Durables, Food & Beverages, Healthcare & Life Sciences, Automotive, Chemicals, Engineering Goods & Machinery, Apparel & Fashion Goods, and Oil & Gas. Geographically, the major country markets in Europe are UK, France, Germany, Italy, Spain and Russia.
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Europe SaaS based SCM Market Competitive Landscape of Major Competitors
Some key competitors in the Europe SaaS based SCM market are SAP SE, IBM Corporation, Oracle Corporation, Infor, Manhattan Associates, Korber, Logility and Blue Yonder Group, Inc.
Impact of Covid-19 on Europe SaaS based SCM Market
The Covid-19 situation resulted in the growth of the overall SaaS based SCM market. The supply chains of several industries faced a lot of challenges due to the pandemic. Rising demand for online services resulted in companies in the end-user industries such as Food & Beverages, Apparel & Fashion Goods, Healthcare & Life Sciences resorting to adoption of automated supply chain systems enabled by SaaS solutions. Eventually the other end-user industries whose supply chains were impacted due to the pandemic are also adopting SaaS based SCM which is driving market growth.
Key Segments Covered in Europe SaaS based SCM Market:-
Europe SaaS based SCM Market By Solution Type
Software
Services
Europe SaaS based SCM Market By Deployment Mode
Public Cloud
Private Cloud
Hybrid
Europe SaaS based SCM Market By Application
Transportation Management
Inventory & Warehouse Management
Sourcing & Procurement Management
Order Management
Demand and Operations Planning
Europe SaaS based SCM Market By Type of End User Industry
Electronics & Consumer Durables
Food & Beverages
Healthcare & Life Sciences
Automotive
Chemicals
Engineering Goods & Machinery
Apparel & Fashion Goods
Oil & Gas
Europe SaaS based SCM Market By Geography and Major Countries
Germany
UK
France
Spain
Italy
Russia
Key Competitors in Europe SaaS based SCM Market:-
IBM Corporation
Oracle Corporation,
SAP SE
Blue Yonder Group, Inc.
Infor
Manhattan Associates
Korber
Logility
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Time Period Captured in the Report:-
Historical Period: 2017-2021
Forecast Period: 2022-2027F
Key Target Audience:-
Commercial Software as a Service (SaaS) Solutions Providers
Enterprise Software Solutions Providers
Enterprise Software Service Providers
Enterprise Cloud Infrastructure and Solution Providers
Enterprise Software Systems Developers & Integrators
Enterprise Software Solutions User Interface (UI/UX) Design Providers
Enterprise Software Solutions Operating System (OS) Providers
Enterprise Software Solutions Distributors
Cloud Software Solutions Distributors
Allied/Auxiliary industries for SaaS Solutions
Potential Investors in SaaS Solutions Segment
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