Supply Chain Analytics Market Overview:
Supply chain analytics involves the use of data analysis tools and techniques to gain insights into supply chain operations and improve decision-making processes.
The market dynamics are driven by the increasing data volume, the adoption of advanced analytics technologies, and the growing emphasis on cost-cutting and resource-saving measures.
The global Supply Chain Analytics Market is poised for substantial growth, with a projected revenue of USD 20.65 billion by 2029, growing at an impressive CAGR of 18.7% from 2023 to 2029. Supply chain analytics plays a pivotal role in enabling data-driven decision-making and enhancing operational efficiency across various industries.
Market Dynamics:
Increasing data volume is the major driver of market growth.
Growing data volumes, combined with the continued demand for a unified cost-cutting solution, are expected to promote the adoption of smart analytics solutions across industrial verticals. Big data has emerged as an important factor in formulating company growth strategies. Furthermore, one of the primary concerns of businesses is cost reduction and resource conservation, which may be achieved through effective supply chain development. As a result, data utilisation increases the analytical capability of such an analytical model and provides businesses with valuable insights into the root causes of productivity loss and agility. These data sources also increase transparency in supply chain management, allowing organisations to control the flow of resources and focus on improvement initiatives.
Supply Chain Analytics Market Scope and Research Methodology
The purpose of this report is to evaluate and forecast the size of the Supply Chain Analytics market. It provides strategic profiles of key market participants, providing a clear picture of the competitive landscape in the worldwide Supply Chain Analytics market. This covers a thorough examination of current developments such as new product introductions, acquisitions, mergers, joint ventures, brand activities, and important players in the Supply Chain Analytics sector. The research provides insights into industry trends, dynamics, and potentials, helping professionals stay up to date on the current trends and sector performance. This information helps project increase and fall in Supply Chain Analytics market share during the predicted period.
A thorough grasp of the Supply Chain Analytics industry was gained through a combination of primary and secondary research techniques. To achieve reliable results, a variety of approaches were used, including PESTLE, PORTER, and SWOT analysis. SWOT analysis was used to identify the strengths, weaknesses, opportunities, and problems for important companies in the Supply Chain Analytics industry. Furthermore, the application of PORTER and PESTLE analysis enabled an understanding of the microeconomic and macroeconomic aspects driving the Supply Chain Analytics industry.
Supply Chain Analytics Market Segmentation:
by Solution
Logistics Analytics
Manufacturing Analytics
Planning & Procurement
Sales & Operations Analytics
Visualization & Reporting
by Service
Professional
Support & Maintenance
Professional services are predicted to develop at a CAGR of 6.4% over the forecast period.To reduce data misappropriation, competent professionals must ensure that the new platforms are compatible with the current systems of various agencies and that the new features are seamlessly linked with the old ones, supporting segment growth. Professional services such as data analysis and preservation, as well as expert advise on emerging technologies, have become increasingly in demand. However, data scientist teams need specialised skills to recognise and expose trends that help marketers make better decisions; as a result, the supply chain industry lacks experienced or professional services and staff.
by Deployment
Cloud
On-premise
The cloud segment, as measured by deployment, is predicted to increase at a CAGR of 4.8% over the projection period. Technological innovation has resulted in broad adoption of IoT devices, increasing OEM clients' dependency on cloud-based solutions. Cloud infrastructure allows organisations to be more flexible and customise goods and services on a wide scale. Because of the benefits in data security and risk analysis, the industry is progressively embracing big data analytics technologies. Supply chain analytics systems are rapidly being put on cloud-based platforms due to enhanced mobility and ease of usage.
by End-User
Retail & Consumer Goods
Healthcare
Manufacturing
Transportation
Aerospace & Defense
High Technology Products
Others
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Supply Chain Analytics Market Key Players:
1. SAP
2. Oracle
3. IBM
4. SAS Institute
5. Software AG
6. MicroStrategy
7. Tableau
8. Qlik
9. TIBCO
10. Cloudera
11. Logility
12. Savi Technology
13. Infor
14. RELEX Solutions
15. TARGIT
16. Voxware
17. The AnyLogic Company
18. Antuit
19. Axway
20. AIMMS
21. BRIDGEi2i
22. Domo
23. Datameer
24. 1010data
25. Rosslyn Analytics
26. Blue Yonder
27. Manhattan Associates
28. DataFactZ
Regional Analysis:
North America currently dominates the global market, owing to the complexity of business operations and the emphasis on performance visualization and strategic decision-making.
The European market is expected to grow rapidly, driven by the European Commission's Single Market Strategy and the widening scope for supply chain analytics solutions.
The Asia Pacific market is witnessing rapid growth, fueled by increasing corporate awareness about the benefits of analytics solutions and the rising adoption of advanced technology by small and medium-sized businesses.
Key Questions Addressed in This Report:
How has the Supply Chain Analytics market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Supply Chain Analytics market?
What is the regional breakup of the global Supply Chain Analytics market?
What are the price trends of various feedstocks in the Supply Chain Analytics industry?
What is the structure of the Supply Chain Analytics industry and who are the key players?
What are the various unit operations involved in a Supply Chain Analytics processing plant?
What is the total size of land required for setting up a Supply Chain Analytics processing plant?
What is the layout of a Supply Chain Analytics processing plant?
What are the machinery requirements for setting up a Supply Chain Analytics processing plant?
What are the raw material requirements for setting up a Supply Chain Analytics processing plant?
What are the packaging requirements for setting up a Supply Chain Analytics processing plant?
What are the transportation requirements for setting up a Supply Chain Analytics processing plant?
What are the utility requirements for setting up a Supply Chain Analytics processing plant?
What are the human resource requirements for setting up a Supply Chain Analytics processing plant?
What are the infrastructure costs for setting up a Supply Chain Analytics processing plant?
What are the capital costs for setting up a Supply Chain Analytics processing plant?
What are the operating costs for setting up a Supply Chain Analytics processing plant?
What should be the pricing mechanism of the final product?
What will be the income and expenditures for a Supply Chain Analytics processing plant?
What is the time required to break even?
What are the profit projections for setting up a Supply Chain Analytics processing plant?
What are the key success and risk factors in the Supply Chain Analytics industry?
What are the key regulatory procedures and requirements for setting up a Supply Chain Analytics processing plant?
What are the key certifications required for setting up a Supply Chain Analytics processing plant?
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Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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