The SaaS supply chain market is expected to increase to $70 billion by 2034 due to AI, more cloud use, and digitalization across the globe.

The worldwide SaaS Supply Chain Management (SCM) market is forecast to greatly expand from $20 billion in 2024 to almost $70 billion by 2034. A rising interest in SaaS in many industries is what has pushed the market to grow at the rate of 12.5% CAGR.

Using SaaS for SCM has improved how businesses manage delivery, demand, and their stocks. Thanks to AI along with IoT and machine learning, cloud services now help managers decide on topics that are better for the environment and allow them to track emissions and save on waste.

Currently, North America is the top region in the SaaS SCM market, trailing only slightly behind Europe and quick-moving Asia-Pacific. Manufacturers, retailers, and third-party logistics providers are the first to try public cloud SaaS, and SMEs are gradually following them for cost reasons.

But cybersecurity, preparing the workforce, and complying with data are important issues that continue to arise. Although, companies like SAP, Oracle, and Microsoft use AI upgrades, purchase other companies, and form significant partnerships to offer what the market is changing to.

Since more companies rely on SaaS for spend management, CRM, and business analytics, the SCM segment is becoming a major driver of global digital changes.