In 2022, the market for supply chain analytics will be worth US$6.11 billion. The market is anticipated to grow rapidly throughout the forecast period, with a CAGR of 17.5%, reaching a market worth of US$30.65 Bn by 2032. The industry is expected to expand quickly in the upcoming years due to increased knowledge of the potential benefits of adopting supply chain analytics.
The market for supply chain analytics is being driven by the rising number of small and medium-sized firms and their rising spending on analytics implementation to support their market position while competing with their counterparts. For instance, Infosys Limited presented a customised medication solution for the pharmaceutical industry in June 2020. The technology gives pharmaceutical companies the tools they need to successfully balance patient needs with commercial and regulatory requirements. It accomplishes this by utilising the technologies of SAP C/4HANA suite, SAP Analytics Cloud, SAP S/4HANA, and SCI platform.
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Supply Chain Analytics Market: Drivers and Restraint
The global market for supply chain analytics is being driven by the need for effective database management systems to assist various end-user verticals in turning the expanding volume of company data into a valuable asset.
Additionally, it is anticipated that during the projection period, increased knowledge of the potential benefits of supply chain analytics, such as high statistical forecasting accuracy and real-time updates, will hasten market progress.
Supply Chain Analytics Market: Segmentation
The market for supply chain analytics is divided into segments based on type, deployment style, industry, and geography. The supply chain analytics market can be divided into solution and service segments based on type. The supply chain procurement and planning tool, the demand, capacity, and operations planning tool, the manufacturing analytics, the inventory planning & optimization analytics tools, the transportation & logistics analytics, and the scheduling & reporting tools are all sub-segments of the solution segment.
The market for supply chain analytics can be further broken down by service into implementation and integration, consultancy, support, and managed services. The supply chain analytics market may be divided into the public sector, retail, manufacturing, transportation & logistics, healthcare, and other verticals based on vertical. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ), and Japan are the regional divisions for supply chain analytics market.
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Supply Chain Analytics Market: Regional Outlook
The market for supply chain analytics is expanding rapidly and is anticipated to register a double-digit CAGR throughout the anticipated period. In 2015, North America and Western Europe were the two most important regional markets. Together, these two regions had a market share of more than 40% in 2015, but it is anticipated that other regions will take some of their share throughout the projection period. The region with the highest projected growth rate is Asia Pacific.
Supply Chain Analytics Market: Competition Landscape
IBM Corporation, Oracle Corporation, SAS Institute Inc., SAP SE, Capgemini SA, Tableau Software Inc., Entercoms Inc., Birst Inc., Demand Solutions Group LLC, Tata Consultancy Services Ltd., and Kinaxis Inc. are some of the major players in the supply chain analytics market. Major players in the supply chain analytics market increase their market dominance by making considerable investments in global sales channels.
Major market vendors also use partnerships with other supply chain analytics industry participants as a competitive advantage tactic.
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The report covers exhaustive analysis on
- Supply Chain Analytics Market Segments
- Supply Chain Analytics Market Dynamics
- Historical Actual Market Size, 2013 – 2015
- Supply Chain Analytics Market Size & Forecast 2016 to 2026
- Supply & Demand Value Chain
- Supply Chain Analytics Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- Supply Chain Analytics Market Drivers and Restraints
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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