At 13.80% CAGR, Global Supply Chain Analytics Market to Surpass US$ 7.81 Bn By 2024, Forecast Report By Zion Market Research

Global and regional supply chain analytics market size forecasts and analyses are covered in this study. In addition to historical data for 2015, 2016, and 2017, the study projects income (in US dollars) from 2018 to 2024. The supply chain analytics market’s drivers and constraints are included in the analysis, along with their effects on demand during the projected period. The examination of potential in the global supply chain analytics market is also included in the report.

The report’s users will have a thorough understanding of the supply chain analytics market thanks to the inclusion of a complete competition situation and key vendors’ product portfolios. An examination of Porter’s Five Forces model for the supply chain analytics industry has also been included in order to comprehend the competitive environment in the market. A market attractiveness analysis is included in the report, in which the market size, growth rate, and overall attractiveness of each segment are benchmarked.

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Global Supply Chain Analytics Market Growth Drivers

The market for supply chain analytics has expanded rapidly in recent years as a result of businesses’ growing need for supply chain insight. In order to make wise decisions and maintain their competitiveness, supply chain stakeholders must access to real-time information. In order to enhance supply chain performance and planning, obtain deeper understanding of supply chain networks, lower supply chain risks, and streamline the entire supply chain process, businesses are making significant investments in supply chain analytics technologies. Furthermore, supply chains are becoming more effective because to the development of big data and advanced analytics technologies, which offer predictive analysis for supply forecasting, inventory optimization, customer demand, and supply network architecture. The availability of these insights is propelling the expansion of the global supply chain analytics market.

The market for supply chain analytics is expected to expand rapidly worldwide. Predictive supply chain analytics solutions, enhanced visibility throughout supply chains, and a growing emphasis on supply chain optimization are the main drivers of its expansion. Businesses are using software and platforms for supply chain analytics to gain a competitive advantage by reducing supply chain inefficiencies and offering improved insights into procurement procedures, production methods, and supply chain management. Manufacturers are also using supply chain analytics technology to streamline their warehouse management operations with next-generation enhancements like automation and to maximize their delivery capacities through improved transportation planning. There is no doubt that the global supply chain analytics market is being significantly accelerated by the growing adoption of data-driven supply chain management methods across numerous industries.

Global Supply Chain Analytics Market Segmentation Analysis

The end-user, geography, and solution categories are used to divide the supply chain analytics market. This market includes supply chain planning and procurement, manufacturing analytics, supply chain logistics, sales & operations analytics, and visualization & reporting as solution segments. Transportation and logistics, manufacturing, retail and consumer products, healthcare, aerospace and defense, and other industries are included in the end-user segment. Demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa is included in the regional segmentation, which is further broken down into important nations like the United States, France, the United Kingdom, Germany, China, India, Japan, and Brazil.

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Global Supply Chain Analytics Market Players Analysis

The report covers a detailed competitive outlook including company profiles of the key participants operating in the global supply chain analytics market. Key players profiled in this report include IBM Corporation, SAS Institute Inc., SAP SE, Kinaxis Inc., MicroStrategy Inc., Oracle Corporation, Sage Clarity Systems, Birst, Inc., Genpact Ltd., and Capgemini Group, among others.