The global software-as-a-service (SaaS)-based supply chain management (SCM) market is expected to grow at a compound annual growth rate of more than 15% between 2015 and 2019, according to a new report from Technavio Research.

The market growth will be fueled by the increased need for organizations to communicate with employees, customers, partners, suppliers, and various stakeholders, the firm says. The Americas region dominates this market, accounting for about 53% of the total market share.

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