Supply Chain Analytics Market: Global and Regional Analysis with Forecast till 2028, Business Opportunities, Post COVID Scenario

The global Supply Chain Analytics market size is expected to reach $16.5 Billion by 2028 growing at the CAGR of 19.96% from 2021 to 2028.

This growth is attributed to:
● The growing Internet of Things (IoT) devices adoption in various industry verticals such as automotive, manufacturing and healthcare, which has led to the growth in the generation of huge data. This has led organizations to apply such solutions in their Supply Chain Analytics business process.
● Increasing smartphone usage and access to the Internet as that has accelerated mobile application adoption. These mobile apps provide a more convenient method for consumers to interact with companies and businesses online. Because of their functionality, smartphone applications have become a go-to way for consumers to fulfill everyday transaction needs which have driven demand for e-commerce outlets as well as cloud-based business intelligence platforms.

The growth of the supply chain analytics market is hampered by the high costs of adopting the technology for small and medium enterprises. The initial investments are very high for SMEs that already lack the capital to adopt new technology. For a full supply chain management system, any organization needs to invest in additional hardware and software as well as an active IT cloud service that can streamline supply chain management operations without issues or lag time.

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Key Players
Some of the major Supply Chain Analytics players holding high market share include Oracle, SAP, and IBM. These players use acquisition and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Oracle
● SAP
● IBM
● SAS Institute
● Microstrategy
● Tableau
● Qlik
● Infor Inc
● Kinaxis Inc.
● Manhattan Associates

The recently published research report on Global Supply Chain Analytics Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Supply Chain Analytics market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Supply Chain Analytics market report also includes the following data points:
● COVID19 Impact on Supply Chain Analytics market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in the Supply Chain Analytics market

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Segmental Analysis
Market Segment By Component with focus on market share, consumption trend, and growth rate of Supply Chain Analytics Market:
o Demand Analysis and Forecasting
o Software
o Supplier Performance Analytics
o Spend and Procurement Analytics
o Inventory Analytics
o Others

Market Segment By EnterSize with focus on market share, consumption trend, and growth rate of Supply Chain Analytics Market:
o Large Enterprises
o Small & Medium Enterprises (SMEs)

Market Segment By Deployment with a focus on market share, consumption trend, and growth rate of Supply Chain Analytics Market:
o On-premise
o Cloud
o Automotive
o Food & Beverages
o Healthcare & Pharmaceuticals
o Manufacturing
o Retail & Consumer Goods
o Others

Market Segment By Industry Vertical with a focus on market share, consumption trend, and growth rate of Supply Chain Analytics Market:
o Automotive
o Food & Beverages
o Healthcare & Pharmaceuticals
o Manufacturing
o Retail & Consumer Goods
o Others

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Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

North America is estimated to account for the highest market share during the forecast period. North America is estimated to lead the market from 2021 to 2028, due to the presence of a large number of solution vendors in the US and Canada. Major retail chains across the US and Canada have already embraced analytics in their supply chain processes and are benefitting from it. For example, Walmart initiated its own Walmart Data Café, which was developed on SAP HANA’s in-memory engine.

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