In 2022, the market for supply chain analytics will be worth US$6.11 billion. The market is anticipated to grow rapidly over the forecast period, with a CAGR of 17.5%, reaching a market valuation of US$30.65 Bn by 2032. The market is expected to expand quickly in the upcoming years due to increased knowledge of the potential benefits of using supply chain analytics.
The growing number of small and medium-sized businesses and their increasing spending on analytics deployment to support their market position while competing with their counterparts are driving the market for supply chain analytics. For instance, in June 2020 Infosys Limited unveiled a tailored medication solution for use in the pharmaceutical sector.
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The supply chain analytics market refers to the industry of software solutions and services that enable companies to gain insights and optimize their supply chain operations using data analytics. Supply chain analytics solutions leverage technologies such as big data, artificial intelligence, machine learning, and the Internet of Things (IoT) to collect, process, and analyze data from various sources across the supply chain.
The market for supply chain analytics is driven by factors such as the need for companies to improve supply chain visibility, increase operational efficiency, reduce costs, and mitigate risks. Supply chain analytics solutions are used in various industries such as manufacturing, retail, healthcare, and logistics.
Leading companies in the supply chain analytics market include SAP SE, Oracle Corporation, IBM Corporation, and Kinaxis Inc. These companies offer a range of software solutions for supply chain analytics, including supply chain planning and optimization, demand forecasting, inventory management, and logistics and transportation management.
Supply chain analytics solutions enable companies to gain insights into their supply chain operations and identify opportunities for improvement. For example, companies can use supply chain analytics to optimize inventory levels, reduce lead times, improve delivery performance, and optimize transportation routes.
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Supply Chain Analytics Market: Competition Landscape
The key vendors in the supply chain analytics market include
- 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.
Major vendors operating in the supply chain analytics market enhance their market share by investing significantly on sales channels across the globe.
Furthermore, collaborating with other players in the supply chain analytics market is another strategy followed by major market vendors to gain competitive edge.
Supply Chain Analytics Market: Regional Outlook
Supply chain analytics market is witnessing robust growth and is expected to witness double digit CAGR during the forecast period. North America was the dominant regional market in 2015 followed by Western Europe. These two regions combined represented market share of more than 40% in 2015, but are expected to lose their share to some extent to other regions during the forecast period. Asia Pacific is expected to exhibit highest growth rate among all the regions.
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Regional analysis for Supply Chain Analytics Market includes
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
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