The supply chain is an emerging technology which is being adopted by various industries to enhance business processes, customer satisfaction, and reduce extra costs. Based on significant and trusted data sets, analytics allows businesses to make data-driven decisions in the form of charts, graphs, and others. In everyday processes supply chains produce enormous amounts of data hence, with the help of analytics businesses can find numerous patterns and generate insights from such data.
The estimated size of the global supply chain analytics market in 2022 was USD 7.31 billion, and by 2032, it is expected to have grown to approximately USD 38.68 billion, with a compound annual growth rate (CAGR) of 18%.
.jpg "The Supply Chain Analytics Market 2022-2032 (USD Billion)")
The global supply chain analytics market size is anticipated to surpass USD 10 billion by 2025. This can be attributed to the increasing need for transparent supply chain operations. Also, the increasing need for real-time and accurate analysis of supply chain operations is boosting the global supply chain analytics market growth. Moreover, the rising adoption of cloud-based supply chain solutions is also boosting the adoption of supply chain analytics solutions.
However, the lack of knowledge about supply chain analytics solutions is likely to hamper the market growth. Furthermore, the integration of mobile-based applications with supply chain analytics is anticipated to provide growth opportunities for the market in the upcoming years.
Supply Chain Analytics Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | USD 38.68 billion |
| Growth Rate | CAGR of 18 % during 2022-2032 |
| Segment Covered | Service,By Solution, Deployment, Enterprise Size, By End Use, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Accenture PLC, Aera Technology, Birst, Inc., Capgemini SA, Genpact Limited, International Business Machines Corporation, JDA Software Group, Inc., Kinaxis |
Key Segment Of The Supply Chain Analytics Market
Solution (USD Billion)
• Logistics Analytics
• Manufacturing Analytics
• Planning & Procurement
• Sales & Operations Analytics
• Visualization & Reporting
Service, (USD Billion)
• Professional
• Support & Maintenance
Deployment, (USD Billion)
• Cloud
• On-premise
Enterprise Size, (USD Billion)
• Large Enterprise
• Small & Medium Enterprises
End-use, (USD Billion)
• Retail & Consumer Goods
• Healthcare
• Manufacturing
• Transportation
• Aerospace & Defense
• High Technology Products
• Others
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
the supply chain analytics market is growing at a CAGR of 18 % during the forecast period.
Asia Pacific dominated the market for supply chain analytics market and accounted for the largest revenue share.
The base year for the report is 2023 in supply chain analytics market
Supply chain analytics technology is in development phases however various organizations are primarily embracing this technology due to its capabilities such as decision-making, cost-saving, and enhanced customer satisfaction. However, due to its cost-efficient solutions, small and medium organizations are the major adopters of supply chain analytics technology. Also, it assists organizations in firming their position in a highly competitive marketplace by allowing them to make strategic decisions. Moreover, numerous organizations are implementing supply chain analytics solutions to improve their supply chain visibility and accomplish high productivity. Hence, such factors cumulative driving the adoption of supply chain analytics across various organizations.
Solutions Segment
Based on the solutions segment, the market is divided into procurement analytics, supplier performance analytics, demand analysis, and forecasting, transportation and logistics analytics, and inventory analytics. In the year 2019, the inventory analytics segment accounted for the highest market revenue and it is anticipated to hold the major market share throughout the forecast period. On the contrary, the demand analysis and forecasting segment accumulated the highest growth and it is expected to keep its position over the forecast period. The growth of this segment is primarily accredited to increasing the need to minimize cycle times, reduce investments, and enhance service levels.
Organization Size Segment
Based on the organization size, the market is segmented into large organizations and small & medium organizations. The small & medium organizations segment leads the market growth in 2019 and it is projected to hold its position during the forecast years. The growth of this segment is mainly attributed to the ability of supply chain analytics solutions to make better decisions and cost-efficient solutions. On the contrary, the large organization's segment accounted for the highest growth and it is expected to hold its position over the forecast period.
Industry Vertical Segment
In terms of industry vertical segment, the market is segmented into healthcare, retail, manufacturing, automotive, and others. The manufacturing segment accounted for the major market share in 2019 and it is expected to do so throughout the forecast period. The growth of this segment is primarily accredited to ensure the on-time delivery and product accessibility for the customers. On the other hand, the retail segment is projected to capture the major market CAGR over the forecast years.
The North American region dominated the overall market in 2019 and it is expected to keep its position throughout the forecast period 2018-2025. The dominance of this region is mainly attributed to the existence of major supply chain analytics vendors in this region. However, the Asia-Pacific region is projected to accumulate the highest growth during the forecast period due to the increasing need for cost-effective supply chain solutions among various organizations.
.png "North America Supply Chain Analytics Market, 2018-2025 (USD Billion)")
The major players of the global supply chain analytics market are Oracle, SAP, MicroStrategy, TIBCO Software, The AnyLogic Company, SAS Institute, Qlik, Tableau, Software AG, and Cloudera. Moreover, the other prospective players in the supply chain analytics market are Datameer, Domo, RELEX Solutions, BRIDGEi2i, and Savi Technology. The recognized companies are coming up with innovative and new supply chain analytics solutions. The supply chain analytics market comprises well established local as well as global players. In addition, the previously recognized market players are coming up with new advanced strategic solutions to stay competitive in the global market.