Supply Chain Analytics Market

Supply Chain Analytics Market Size, Industry
Outlook, Regional Analysis Forecast, 2017 – 2024:
Global Market Insights Inc.
The Supply Chain Analytics Market size is anticipated to witness high growth over the
forecast timeline, owing to the growing volume of data across various industry verticals such
as healthcare, transportation, retail, and manufacturing. Rising awareness of the benefits of
the technology, such as real-time updates and statistical forecasting precision across the
U.S. and the UK, is predicted to accelerate the supply chain analytics market growth.
Rising generation of an enormous volume of data coupled with the persistent requirement
for an active & efficient database management system is expected to lift the demand for
these solutions. Advancements in technology, such as cognitive computing, Internet of
Things (IoT), and communication devices, are predicted to create a surge for supply chain
solutions. Furthermore, the increasing implementation rate of cloud-based data storage in
enterprises is estimated to propel the supply chain analytics market growth.
The striving need to uplift customer satisfaction, improve productivity, lower operational
costs, and achieve stable business growth through supply chain optimization is driving the
market growth. The capability of these analytical tools for increasing automation efficacy
and artificial intelligence for accelerating proactive solutions is predicted to contribute to
the industry growth. Benefits, such as anticipating accuracy, significant synthesis of data,
and growing understanding of the features proposed by supply chain analytics market are
driving the market growth.
The increasing adoption of analytics tools has witnessed improvement in supply chain
processes such as design, planning, sourcing, production, and delivery & service. This is
predicted to positively impact both bottom and top-line enterprise growth, leading to an
increase in demand for supply chain analytics market. These solutions enable enhanced
strategic decision-making and aid businesses in improving their prevailing position. In
addition, the tools present an integrated wider outlook of the current supply chain and
facilitate superior sustainability, profitability, and inventory cost reduction. The supply chain
analytics market is increasingly used for minimizing material wastage, network
reconfiguration, raising the level of services, and managing inventory.
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Browse key industry insights from the report “Supply Chain Analytics Market Size, Industry
Outlook, Regional Analysis (U.S., Canada, Germany, UK, Italy, France, Spain, Italy, Russia,
Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi
Arabia, Qatar, UAE), Application Development & Forecast, 2017 – 2024” in detail along
with the table of contents:
https://www.gminsights.com/industry-analysis/supply-chain-analytics-market
Factors, such as the low visibility of the real-time data and lack of awareness, might hinder
the supply chain analytics market growth over the years. The unwillingness in the adoption
of new methods to restructure the planning & execution process followed by the
insecurities in the product line is anticipated to pose a threat to the industry. High
implementation cost coupled with the growing concern about privacy management of
industry-specific data in analytics application is the major challenge faced by the players
operating in the supply chain analytics market.
The increasing implementation of mobile application-based solutions is expected to create
new opportunities in the supply chain analytics market. The market growth is expected to
be driven by trends, such as high warehousing costs, low visibility, and inefficient supplier
networks, during the forecast timeline.
Supply chain analytics market is segmented based on solutions, deployment models,
services, verticals, and regions. By solution type, the market is categorized into sales &
operation planning, visualization & reporting tool, planning & procurement, manufacturing
analytics, and transportation & logistics analytics. The logistics & manufacturing analytics
sector is predicted to witness a high growth owing to the rising need for efficient utilization
of resources and reducing the overall costs.
Managed services segment is expected to grow substantially over the forecast timeline. This
can be attributed to the providers offering third-party infrastructure services that aid in
improving the overall business efficacy and scalability. Cloud deployment in supply chain
analytics market is anticipated to dominate the deployment model segment.
North America supply chain analytics market is estimated to occupy the largest market
share globally owing to the presence of a large number of solution providers in the region.
Asia Pacific region is predicted to witness a significant growth owing to the increasing
implementation of these solutions in the Small and Medium-sized Businesses (SMBs).
Key players operating in the supply chain analytics market include MicroStrategy, Inc., SAS
Institute, Inc., Genpact Ltd., SAP SE, IBM Corporation, Capgemini Group. Other notable
players include Oracle Corporation, Kinaxis, Inc., Sage Clarity Systems, and Birst, Inc. The
industry is currently witnessing rising investments in sales & distribution channels by major
players and partnerships among these players to gain a stronghold in the industry.
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