The global supply chain analytics market is expected to reach $9.87 billion by 2025, according to a new study by Grand View Research, Inc. Data by the marketing research division of TR Cutler, Inc. corroborates that consumers are driving this growth by demanding supply chains that perform faster and more efficiently. These consumer demands coupled with other factors such as shortened product life cycles, low supply chain visibility, ineffective supplier networks, elevated warehousing costs, redundant forecasts, and fluctuating customer demands are stressing supply chains and requiring them to be optimized.
Key findings of the study:
- Cloud deployment is expected to remain the most preferred method of deployment in the supply chain analytics. This segment is expected to grow substantially at a CAGR of 17.1% over the forecast period.
- The manufacturing segment experienced the highest application in 2016. However, the high-technology product segment is expected to grow at the highest CAGR of 18.9% over the next eight years. The manufacturing and retail & consumer goods segments are predicted to grow at a higher rate.
- North America was the dominant regional market in 2016, which is attributed to the presence of a large number of supply chain analytics service providers in the region.
About TR Cutler, Inc.
TR Cutler, Inc. was founded nearly twenty years ago by Thomas R. Cutler. Cutler is the President and CEO of Fort Lauderdale, Florida-based, TR Cutler, Inc., (www.trcutlerinc.com), the largest manufacturing communication firm worldwide with four dozen industry experts and thought leaders on staff. Cutler maintains extraordinary relationships with clients, journalists, editors, economists, trendsetters, and key business leaders worldwide and has become a key resource for those writing about the manufacturing sector. Cutler founded the Manufacturing Media Consortium in 1999, which now has more than 6,000 global members including journalists, editors, publishers, and economists, worldwide writing about trends, industrial data, manufacturing case studies, material handling profiles, and robotics feature articles. Cutler works with thousands of media outlets to expand the coverage and importance of the manufacturing media coverage.
Cutler has authored more than 6,000 articles for a wide range of manufacturing periodicals, industrial publications, and business journals each published in leading monthly trade magazines, B2B periodicals, blogs, and marquis publications globally. Cutler is the most published freelance industrial journalist worldwide, and more than 3500 industry leaders follow Cutler on Twitter daily at @ThomasRCutler.
Company Name: TR Cutler Inc.
Contact Person: Thomas R. Cutler
Address:3032 S. Oakland Forest Dr. S-2803
City: Fort Lauderdale
Country: United States