Portland, OR, Feb. 26, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global SaaS-based SCM market was estimated at $3.38 billion in 2017 and is expected to hit at $9.42 billion by 2023, registering a CAGR of 18.6% from 2017 to 2023. The report provides a detailed analysis of the market size & estimations, top investment pockets, top winning strategies, drivers & opportunities, competitive scenario, and changing market trends.
Growth in industrial-grade digital technology, surge in demand for real-time supply chain monitoring & management, and increase in inclination towards cloud deployment model fuel the growth of the global SaaS-based SCM market. On the other hand, lack of IT Infrastructure in the underdeveloped nations restrain the growth to some extent. However, development in Internet of Things (IoT) is expected to create an array of lucrative opportunities in the near future.
The software segment to maintain the lion’s share
Based on solution, the software segment contributed to more than three-fifths of the total market revenue in 2017 and is expected to dominate throughout the forecast period. The service segment, on the other hand, is projected to grow at the fastest CAGR of 19.2% during 2017–2023.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/4484
The hybrid segment held the largest share in 2017
Based on deployments, the hybrid segment accounted for nearly three-fifths of the total market share in 2017 and is anticipated to rule the roost till 2023. The same segment would also register the fastest growth of 19.9% throughout the estimated period.
Europe to lead the trail in terms of revenue
Based on geography, Europe generated the major share, holding nearly two-fifths of the total market revenue in 2017. At the same time, the Asia-Pacific region is predicted to cite the fastest CAGR of 19.7% during the study period.
For Purchase inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4484
Leading market players
The key market players analyzed in the global SaaS-based SCM market report include HighJump, Kinaxis, SAP SE, IBM Corporation, Infor, Logility, Manhattan Associates, JDA Software Group, Inc., Accenture, and Oracle Corporation. These market players have implemented a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.