Supply Chain Management Market Growth Opportunity | SAP SE, Oracle Corporation, JDA Software Group Inc, Infor

According to the report, the global Supply Chain Management market is expected to grow from $16.51 Billion in 2020, which is expected to reach $40.95 Billion by 2028, growing at the CAGR of 11.58% from 2020 to 2028. This growth is attributed to the increasing demand for management solutions between enterprises and the increase in the adoption of SCM software in healthcare and pharmaceutical companies. The growth of the Supply Chain Management Market is the increasing need for automation in the supply chain industry and the rise of big data. The advancements in technology and the increasing demand for higher quality and customized products and services are also expected to fuel the growth of the market. The major factor restraining the growth of the Supply Chain Management Market is the lack of skilled professionals.

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The recently published research report on Global Supply Chain Management 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 Management 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 Management market report also includes the following data points:
• COVID19 Impact on Supply Chain Management 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 Supply Chain Management market

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Key Players
Some of the major Supply Chain Management players holding high market share include SAP SE, Oracle Corporation, JDA Software Group Inc, Infor. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• SAP SE
• Oracle Corporation
• JDA Software Group Inc.
• Infor
• Manhattan Associates
• Epicor Software Corporation
• The Descartes Systems Group Inc.
• Highjump
• Kinaxis Inc.
• IBM Corporation

Segmental Analysis
Market Segment By Component with focus on market share, consumption trend, and growth rate of Supply Chain Management Market:
o Solution
o Services

Market Segment By Application with the focus on market share, consumption trend, and growth rate of Supply Chain Management Market:
o Retail & Consumer Goods
o Transportation & Logistics
o Manufacturing
o Food & Beverages
o Healthcare & Pharmaceuticals
o Automotive
o Other

Market Segment By Solution Type with a focus on market share, consumption trend, and growth rate of Supply Chain Management Market:
o Supply Chain Planning
o Sourcing & Procurement
o Manufacturing Execution System
o Warehouse Management System
o Transportation Management System

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Global Supply Chain Management Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

The Asia Pacific is the largest market share in supply chain management due to the rise in the number of e-commerce businesses.

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