Global Supply Chain Analytics Market
The term "supply chain analytics" refers to the methods used by businesses to understand and derive value from the enormous amounts of information related to the production, processing, and distribution of commodities. In order to effectively manage a supply chain, supply chain analytics are crucial.
Companies across the range of industries are investing significantly to increase operational and supply chain efficiencies and digitise their business models. The focus of the supply chain function has changed to advanced planning techniques, such as integrated sales and operations planning or analytical demand planning, which are now standard business practises in many organisations. From customers to suppliers, integrated operations are ensured by the supply chain function. Due to the increase in demand for supply demand and real-time monitoring, the market for supply chain analytics software is anticipated to expand at a substantial rate during the forecast period. Additionally, it is anticipated that the introduction of trends like Industry 4.0 and Logistics 4.0 will present lucrative opportunities for the market growth.
Supporting Governmental Big Data Project Initiatives
All Supply Chain Analytics solutions, including next-generation firewalls and intrusion prevention systems, may be more easily managed by enterprises if they are implemented on-premises. Because cloud-based solutions provide speed, scalability, and increased IT security, enterprises benefit from the concept of cloud deployment for Supply Chain Analytics solutions. As more applications are supplied over the cloud, there is an increasing demand for cloud-based Supply Chain Analytics solutions from SMEs and large organisations. Furthermore, during the projection period, the rise of the entire market would be sped up by factors including improved security measures and rising cybersecurity awareness. Additionally, it is projected that the Supply Chain Analytics market will expand at a faster rate due to the rising volume of commercial data being generated from various sources.
Rise In Adoption Of Big Data Technologies
Due to the growth of the Internet of Things (IoT), social media, and multimedia, which has generated a prodigious flow of data, organisations are continuously capturing more and more data. The growth rate of data generated by machines and people is ten times greater than that of traditional commercial data. Additionally, it is anticipated that by 2028, there will be about 41 billion IoT devices in the market worldwide that will gather, analyse, and exchange data. The increased demand for massive volumes of structured and unstructured datasets to be stored, processed, and analysed has prompted many businesses and individuals to adopt big data analytics, which is expected to fuel market expansion.
Download Free Sample Report
Market Segmentation
The Supply Chain Analytics market is segmented based on component, deployment, enterprise size, industry vertical, and region. By component, the market is divided into software and services. The software segment is further segmented into demand analysis and forecasting, supplier performance analytics, spend and procurement analytics, inventory analytics, transportation and logistics analytics, and others. The deployment segment, is futher divided into cloud and on-premises. Rendering to enterprise size, the supply chain analytics market is divided into large enterprises and small & medium enterprises. By industry vertical, it is distinguished into retail & consumer goods, healthcare & pharmaceuticals, manufacturing, food & beverages, transportation & logistics, automotive, and other.
Market Player
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Component By Deployment By Organization Size By Industry Vertical |
| Regional scope | North America; Asia-Pacific; Europe; South America; Middle East |
| Country scope | United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, Africa, Saudi Arabia, South Africa, UAE, Israel, Turkey |
| Key companies profiled | Kinaxis Inc., Manhattan Associates, IBM Corporation, Tableau Software LLC, SAP SE, SAS Institute Inc., QlikTech International AB, Oracle Corporation, Microstrategy Incorporated, Infor Inc.. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
