According to a new report from Allied Market Research, the North America supply chain as a service (SCaaS) market accounted for $4.47 billion in 2017 and is expected to reach $7.85 billion by 2025, growing at a CAGR of 7.5% during the forecast period, 2018-2025.
The growth is driven by “unprecedented growth of the retail industry, surge in consumer expectations and increased requirement for managing logistics services,” said the research firm. Additionally, the integration of blockchain technology along with the advent of omni-channel supply chain approach would create lucrative opportunities for new market players in the near future. However, concerns regarding data protection and security significantly hamper market growth.
