Supply Chain Analytics Market Research Report by Forecast to 2023

Posted by Kiran on February 18th, 2020

Supply Chain Analytics Market Highlights:

Supply chain analytics is a method where cutting-edge analytical tools are leveraged for drawing patterns from the data available in order to effectively manage the inventory. It helps in reducing production costs and also minimizes inventory loss. Thus, the global supply chain analytics market is projected to expand at 13.7% CAGR across the review period 2017 to 2023, suggests Market Research Future (MRFR)'s recent analysis. The market, according to the report, is poised to earn revenues worth USD 8,890.4 Mn by the close of 2023.

The introduction of developed analytical tools is likely to accelerate expansion of the supply chain analytics market trends in the upcoming years. In addition, the early adoption of technology by few of the key players is encouraging the growth of the market. This trend is assessed to perpetuate in the coming years, Thus, supporting proliferation of the supply chain analytics market. In addition, the increasing demand for artificial intelligence across different industry verticals is also projected to develop the supply chain analytics market in the foreseeable future.

Data is the primary asset of an organization in today's era. Thus, the innovations in technology that facilitate the extrapolation of information from unstructured data are likely to influence the supply chain analytics market greatly in the nearby future. In addition, the increasing popularity of industrial automation, industry 4.0, has opened new growth avenues for the participants of the market. It is poised to catalyze the expansion pace of the market during the evaluation period. Also, the rapidly increasing amounts of data being generated are poised to drive market growth over the assessment period. Other factors, such as adoption of IIoT, deployment of connected devices, etc. are anticipated to fuel demand for the product in the years to come.

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Competitive Tracking:

IBM Corporation, Oracle Corporation, MicroStrategy, Inc., Tableau Software, Inc., Accenture PLC, SAP SE, Genpact, Manhattan Associates Inc., SAS Institute Inc., and JDA Software Group, Inc. are the important vendors of the global supply chain analytics market.

Market Segmentation:

Solution and services are the primary segments of the supply chain analytics market based on component. The sub-segments of the solution segment include supply chain planning and procurement, transportation & logistics, manufacturing analytics, sales and operation planning, and visualization and reporting tools. Whereas the solution segment is further divided into professional services and managed services.

On the basis of deployment, the supply chain analytics market is divided into on-premise and on-cloud.

The segments of the supply chain analytics market, on the basis of vertical, are - aerospace & defense, healthcare, manufacturing, retail, automotive & transportation, and others.

Regional Assessment:

The geographical evaluation of the global supply chain analytics market spans across Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW). These regions are then assessed on the basis of countries for offering an actionable insight to the market. North America is currently at the pole position of the global supply chain analytics market. It is anticipated to retain its prominence over the next couple of years. In addition, the presence of key vendors in the region, such as Oracle Corporation, SAS Institute, and IBM Corporation, is likely to propel expansion of the market in the foreseeable future.

Europe is currently placed at the second spot and is prognosticated to expand at a moderate CAGR across the review period. Meanwhile, Asia Pacific is anticipated to register expansion at a relatively higher CAGR of 16.4%. The Rest of the World segment is likely to witness a steady growth in the upcoming years. The entry of new players in the regional market is projected to lead growth of the market in the region.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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