The Asia Pacific SaaS-based SCM Market would witness market growth of 13.7% CAGR during the forecast period (2022-2028).
The growth in real supply chain analysis, technological advancements in supply chain management, and increased ICT investment are all driving the expansion of the market SaaS-based SCM market. Furthermore, the market expansion is fueled by factors such as the development of industrial digital technologies and an increase in the demand for greater supply chain visibility.
Various developments, such as incorporation with the Internet of Things (IoT), hybrid and pay-as-you-go models for governmental and non - governmental deployments, are also propelling the growth. These solutions are being adopted by businesses for cost comparison, increased uptime, reliability, and supply and demand monitoring. Other factors, such as rising demand for supply chain visibility and traceability solutions, as well as advances in the information technology (IT) sector, are likely to propel the market forward.
Strong economic growth, combined with further growth in the services industry, has prompted businesses to invest substantially in SaaS-based SCM to maintain their growth and productivity. Furthermore, factors like increased mobile penetration boost cloud deployment among small and medium firms along with the ongoing digitalization of manufacturing and construction industries are driving considerable investment in SaaS-based SCM in developing countries.
The volume of transportation and related inflation in the country expands. Manufacturers expected enhanced supply chain information to optimize freight and address issues. As a result, the usage of cutting-edge supply chain management has increased.
The trend toward Omni channel distribution is advancing in the e-commerce business, which is driving market expansion in the Asia Pacific. It has influenced shippers to modernize their operations, increasing the desire for supply management systems.
The China market dominated the Asia Pacific SaaS-based SCM Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,504.9 Million by 2028. The Japan market is anticipated to grow at a CAGR of 13% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 14.4% during (2022 - 2028).
Based on Component, the market is segmented into Software and Services. Based on Deployment, the market is segmented into Public, Private, and Hybrid. Based on Organization, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into Consumer Goods, Retail, Food & Beverages, Logistics & Transportation, Healthcare & Life Sciences, Manufacturing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide SaaS-based SCM Market is Projected to reach USD 19 Billion by 2028, at a CAGR of 12.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Accenture PLC, Oracle Corporation, SAP SE, The Descartes Systems Group, Inc., Manhattan Associates, Inc., Blue Yonder, Inc., Infor, Inc., Kinaxis, Inc., and HighJump Software Inc.
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