The increasing need for transparent supply chain operations is boosting the Supply Chain Analytics Market growth
The global supply chain analytics market size is projected to surpass USD 10 billion by 2025. Also, it is anticipated to gather a CAGR of nearly 16% over the forecast period 2018-2025. Supply chain analytics is an advanced and emerging technology. It is being adopted by numerous industries to meet customers' changing demands, enable sustainability & profitability, reduce unnecessary inventory & warehousing costs, and several other purposes. Supply chain analytics leverages various types of analytics such as predictive analytics, descriptive analytics, prescriptive analytics, and cognitive analytics.
The current and future supply chain analytics market advances are defined to state the attractiveness of the market. Key impacting aspects focus on the supply chain analytics of market opportunities during the forecast period. Factors such as the increasing need for real-time and accurate analysis of supply chain processes are driving the market growth. Also, the rising adoption of cloud-based supply chain solutions is boosting the global supply chain analytics market growth. Moreover, increasing the need for transparent supply chain operations is also driving the implementation of supply chain analytics solutions among numerous enterprises. However, the lack of awareness about supply chain analytics solutions is expected 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.
The report also highlights various aspects of the global supply chain analytics industry by analyzing the market through value chain analysis. Besides, the supply chain analytics market report covers different qualitative aspects of the supply chain analytics industry in market drivers, key industry opportunities, and restraints. Furthermore, the report proposes a comprehensive valuation of the market competitiveness along with company profiling of residents as well as global vendors.
The supply chain analytics market has solid competition among the early established and new players. Also, to capture a competitive advantage over the other industry players many industry players are aiming potential markets by forming collaboration and partnerships, agreements, mergers & acquisitions, acquiring new startups & other companies, and escalating their business presence.
In terms of the solutions segment, the market is divided into procurement analytics, inventory analytics, demand analysis and forecasting, transportation & logistics analytics, and supplier performance analytics. 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. 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.
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. The dominance of this region is mainly attributed to the existence of major supply chain analytics vendors in this region. However, 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 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.
Segment Overview of Global Supply Chain Analytics Market
Solutions Overview, 2018-2025 (USD Billion)
- Procurement Analytics
- Supplier performance Analytics
- Demand Analysis and Forecasting
- Transportation and Logistics Analytics
- Inventory Analytics
Organization Size Overview, 2018-2025 (USD Billion)
- Large Organizations
- Small & Medium Organizations
Industry Verticals Overview, 2018-2025 (USD Billion)
Regional Overview, 2018-2025 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America