The Latin America, Middle East and Africa SaaS-based SCM Market would witness market growth of 15.3% CAGR during the forecast period (2022-2028).
In recent years, Software as a Service (SaaS) has revolutionized supply chain operations and logistical operations. The reach of what that software can achieve for businesses has expanded as technology has improved to the point where a considerable number of tasks may be delegated to the Cloud.
This shift is particularly noticeable in the fashion business, where supply chains include a large number of moving parts and the risk of accidents is much higher. In today's context of international, linked enterprises, SaaS has proven essential in streamlining organizations and enabling visible supply chains, which is more vital than ever.
Consumers are more conscious of their influence on the planet around them, whether that impact is environmental or humanitarian. As a result, responsibility has become both an ethical and a financial problem for businesses. Companies lack adequate transparency on issues such as where materials are sourced, whether the manufacturers use them to pay living wages, and their environmental impact in terms of emissions, waste, and recycling stand to lose significant financial ground to competitors who provide more disclosure and reporting.
Inchcape Shipping Services Holding Ltd has been separated into two separate corporations, according to the ICD (Investment Corporation of Dubai). As a result, ISS Forwarding, a new entirely subsidiary focused on supply chain logistics, was established.
Furthermore, this improvement is projected to highlight supply chain management advancements. It is also anticipated to require other companies to make significant investments to maintain their market position and drive the supply chain management software regional market to new heights in the coming years.
Latest project developments and investments are expected to proliferate in the logistics industry in the United Arab Emirates. In addition, rising air freight need in the region is spurring investments in the supply chain industry, resulting in increased use of SCM software in the region. The UAE is projected to benefit from supply chain management software as a result of these factors.
The Brazil market dominated the LAMEA SaaS-based SCM Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $287.2 Million by 2028. The Argentina market is experiencing a CAGR of 15.9% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 15% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global SaaS-based SCM Market is Predict to reach $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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