The “North America Supply Chain As A Service Market, By Component, Application, Organization Size, and Industry Verticals: Opportunity Analysis And Industry Forecast, 2018 – 2025” finds that the North American supply chain as a service (SCaaS) market is projected to reach $7,854.40 million by 2025, growing at a CAGR of 7.5% from 2018 to 2025. The market was previously valued at $4,479.20 million in 2017.
Supply Chain as a Service (SCaaS) refers to outsourcing of supply chain management functions to a service provider. This allows an enterprise to focus on its core compatibilities. The SCaaS providers customize the supply chain management for an enterprise to efficiently deliver the services. The SCaaS providers can help both the major enterprises and small & medium enterprises to streamline their supply chain networks.
Significant growth of the retail industry is driven by proliferation of mobile devices and internet penetration in emerging economies and increase in requirement for managing logistics services among several end users, drive the North America supply chain as a service market. In addition, rise in consumer expectations is expected to fuel the growth of the market as well.
However, security concerns pertaining to enterprise critical information among end users is the major factor that impede the market growth. Integration of blockchain technology and omni-channel supply chain approach are expected to provide lucrative opportunities for the growth of the North America market.
The North American SCAAS market is segmented based on component, application, organization size, industry vertical and country. In terms of component, the market is bifurcated into solution and service. Depending on application, it is classified into order management, warehouse management, logistics management and others.
Based on organization size, the market is categorized into large enterprises and small and medium sized enterprises. In addition, the market includes several industry verticals such as retail and e-commerce, healthcare and life sciences, manufacturing, energy and utilities, IT and telecom, government and defense and others. Based on the country, the market is analyzed across the U.S. and Canada.