According to the research report, the global supply chain analytics market size & share was valued at USD 4.46 billion in 2020 and is expected to reach USD USD 15.61 billion by 2028, to grow at a CAGR of 17.5% during the forecast period.
What is Supply Chain Analytics? How Big is Supply Chain Analytics Market?
Supply chain analytics is the inspection of information companies extract from most applications attached to their supply chain implementation for inventory management, procurement, warehouse management and fulfillment, order management, and transportation management. A supply chain has a domino effect. Each step in the matrix impacts the one that follows it, and eventually, any problems at any stage could affect the potential to encounter expectations of the customer.
Supply chain analytics ascertains for the company to assess, gather and take measures upon the data caused by their supply chain. It permits them to make not only adjustments that are speedy by changes that are strategically long-term that will provide the business a competitive edge. As the supply chain often spans the globe and can include several entities handling this information manually through a spreadsheet is not feasible.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Highlights of the report
- Quantitative and qualitative analysis of the market dependent on segmentation, including both economic and non-economic factors
- The offering of market value data for each segment and sub-segment
- Specifies the element and region that is anticipated to observe the speediest growth and rule the market
- Analysis by geography underscoring the intake of products and services in the area and specifying factors that are impacting the market within each region
- The competitive landscape includes the ranking of the need of the prominent players together with new service or product launches, collaborations, business expansion, and accession in the past five years of the companies profiled
- Substantial company profiles consisting of company insights, company overview, SWOT analysis, and product benchmarking for the prominent market players
Top Market Players Covered in this Report Are:
- Aera Technology
- American Software Inc
- Antuit Holdings Pte. Ltd.
- Blue Yonder Group Inc.
- BRIDGEi2i Analytics Solutions
- Cloudera Inc.
- Domo Inc.
- Lockheed Martin Corporation
- Manhattan Associates
- QlikTech International AB
- Rosslyn Data Technologies
- SAS Institute Inc.
- Savi Technology
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Supply chain analytics market: growth leading factors
The global supply chain analytics market is fuelled by the increasing use of IoT devices in several industry verticals like manufacturing, healthcare, and automotive, which has spiraled massive data. Therefore, firms are bidding on such solutions in their supply chain. Usage of smartphones and internet connectivity globally has been increasing rapidly, causing the development of e-commerce and driving the market supply chain analytics industry.
The growing attainability of cloud-based SCA solutions has activated their demand amidst small and medium ventures because of advantages like shorter implementation window, easy deployment, practical usage of IT resources, and flexibility and mobility. One more notable trend in the market is the growing demand for risk analytics solutions covering all industries. Risk analytics solution inscribes various issues linked with the supply chain by investigating sensitivity and scenario, stochastic development, and risk mitigation.
During the covid-19 pandemic, as nations started implementing lockdowns, supply chains began encountering demand shocks as people started accumulating consumer essentials to observe the restrictions on movement freedom. Plant owners began utilizing all obtainable additional dimensions to intensify the overall economic output to satiate demand.
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Supply chain analytics market: Report Scope
Market Size 2020 Value
USD 4.46 billion
Market Outlook for 2028
USD 15.61 billion
Expected CAGR Growth
17.5% from 2021 – 2028
2021 – 2028
By Solution, By Service, By Deployment, By End-User, By Region
Accenture, Aera Technology, American Software, Inc, Antuit Holdings Pte. Ltd., Axway, Blue Yonder Group, Inc., BRIDGEi2i Analytics Solutions, Capgemini, Cloudera, Inc., Domo, Inc., Genpact, IBM, Infor, Kinaxis, Lockheed Martin Corporation, Manhattan Associates, MICROSTRATEGY, Oracle, QlikTech International AB, Rosslyn Data Technologies, SAP, SAS Institute Inc., Savi Technology, and Voxware
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Customized purchase options are available to meet your research needs.
Supply chain analytics market: Key segmentation
- Insight by solution, service, deployment, end-user, and region
By solution, the sales and operation analytic segments captured a high market share. There was an overall segment growth due to the requirement to enhance the cost, and resource utilization is essential deliberations. By service, the professional service segment held the highest market share as theft or data loss can be avoided. Professional services must sanction that the new systems should be agreeable with prevalent systems of several departments and combine new techniques with expanding segment growth. By deployment, the cloud segment held the highest share due to technological proliferation, which has caused large-scale acquisition of IoT devices and has eventually increased the OEM customer’s dependence on cloud-based platforms. The manufacturing segment held the highest market share by end-use as supply chain analytics solutions can enhance performance. They offer real-time data access across the value chain and mirror the improvements made to any region or process throughout the firms.
By region, North America dominated the global market for supply chain analytics. Due to the complications of corporate procedures, industrial firms of North America are placing a higher concentration on operational data of visual display. This complication permits businesses to speedily evaluate the overall health of the supply chain from the standpoint of data enabling more effective strategic decision making. Over the forecast period, the European regional market is anticipated to rise at a favorable rate. The European commission’s single market strategy permits items, people, services, and capital to travel freely within the region. It expands the geographic market for European businesses and inflates the potential for acceptance of SCA solutions and deployment. Also, the Asia Pacific regional market is anticipated to grow significantly. The growth is attributed to increasing awareness of the benefits of analytics solutions among businesses. Additionally, the continuous expansion of small and medium-sized companies and the growing cost of deploying advanced technology to increase their enterprises may augment the regional market growth for supply chain analytics.
Browse the full “Supply Chain Analytics Market Share, Size, Trends, Industry Analysis Report, By Solution (Logistics Analytics, Manufacturing Analytics, Planning & Procurement, Sales & Operations Analytics, Visualization & Reporting); By Service; By Deployment (Cloud, On-premise); By End-use; By Region; Segment Forecast, 2021 – 2028” Report at https://www.polarismarketresearch.com/industry-analysis/supply-chain-analytics-market
Important Questions Being Answered by The Market Report
- What is the market size and growth?
- What is the principal driving factor of the global supply chain analytics market?
- What factor causes a challenge for the players in the global supply chain analytics market?
- What is the component segment of the market anticipated to observe the highest growth?
- What is the vertical segment of the market expected to witness a higher growth?
- Who are the key players functional in the market?
The market primarily depends on the solution, service, deployment, end-use, and region
Supply chain analytics market: By solution
- Planning & Procurement
- Sales & Operations
- Visualization & Reporting
Supply chain analytics market: By service
- Support & Maintenance
Supply chain analytics market: By deployment
Supply chain analytics market: By end-use
- Retail & Consumer Goods
- Aerospace & Defense
- High Technology Products
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