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Supply Chain Analytics Market Overview:The global supply chain analytics market is estimated to upscale at 13.7% CAGR during the forecast period, accruing a market valuation of USD 8,890.4 million by 2023. Mounting data generation among enterprises and increasing consumer awareness towards the benefits of supply chain analytics are the primary factors contributing to the ascension of the global supply chain analytics market. Most industrialists and experts have started recognizing that the integration of artificial intelligence with supply chain analytics is bound to have an effective growth strategy and predicting the possible outcomes, offering a pro-active action plan to handle inventory management.
Therefore, such integration is anticipated to act as a competitive advantage for implementing Supply Chain Analytics Market to reduce cost fluctuations through improved sourcing and logistics activities.
Owing to the increase in the volume of data sets, the big data and data analytics are creating a significant influence over the supply chain management. Supply chain analytics are aiding businesses in making better strategic decisions which have a positive impact on the market position for supply chain analytics. This can be also aid in the improvement of return on investment. Many industry giants are implementing supply chain analytical solutions on their production processes to elevate their supply chain management. The end-users are hence, witnessing higher awareness towards the benefits of supply chain analytics.
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Major Key Players:
Some players from the supply chain analytics market, as profiled in the analysis, include IBM Corporation, MicroStrategy, Inc., Oracle Corporation, Tableau Software, Inc., SAP SE, Accenture PLC, Genpact, SAS Institute Inc., Manhattan Associates Inc., and JDA Software Group, Inc.
Market Segmentation:
The global supply chain analytics market has been studied for different segments by vertical, component, deployment, and region. Based on vertical, the global supply chain analytics market is segmented into manufacturing, healthcare, automotive & transportation, retail, and aerospace & defense, among others. By deployment, the global supply chain analytics market is segmented into on-premise and on-cloud.
Based on components, the global supply chain analytics market is segmented into solution and services. The solution segment was studied for the sub-segments of transportation & logistics, supply chain planning and procurement, sales and operation planning, visualization and reporting tools, and manufacturing analytics. The services segment contains the sub-segments of professional and managed services.
Detailed Regional Analysis:
The global supply chain analytics market is regionally segmented and studied for North America (the US, Canada, and Mexico), Asia-Pacific (China, Japan, India, Singapore, Australia, and the rest of Asia-Pacific), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), and the rest of the world (the Middle East & Africa). North America held the prime share of the supply chain analytics market during at the beginning of the forecast period, and is expected to retain the same during the assessment period. This can be accredited to the presence of several market giants in the reigon. Moreover, within North America, the US is estimated to lead the country-specific market for supply chain analytics. This can be accredited to the early adoption of latest technologies and proliferation in technological advancements in the region.
Europe held the second-largest share for supply chain analytics market during the forecast period, as per the latest MRFR report. This can be causative to the increasing adoption of mobile-based solutions for supply chain analytics.
Asia Pacific is anticipated to hold the third position in the market, after North America and Europe, respectively. The region is projected to witness a CAGR of 16.4% over the forecast period. This can be owed to the mounting adoption of latest technologies that enable the setting up of connecting distributed transport network.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued…
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List of Tables
Table 1 World Population by Major Regions (2017 To 2030)
Table 2 Global Supply Chain Analytics Market: By Region, 2017-2023
Table 3 North America Supply Chain Analytics Market: By Country, 2017-2023
Continued…
List of Figures
Figure 1 Global Supply Chain Analytics Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Supply Chain Analytics Market
Continued…
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Release ID: 88926288
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