"Need to manage a large amount of data is triggering the supply chain analytics market growth"
The global supply chain analytics market is expected to grow with a CAGR of more than 15.0% during the forecast period from 2019 to 2027, starting from US$4.5Bn in 2018. Increasing number of manufacturing facilities, growing volume of the business data generated by enterprises, and managing supplier relationship primarily drive increasing adoption of supply chain analytics tools. Some of the factors driving the growth of supply chain analytics market include need for improvement in productivity and reduce the operational costs and rising necessity to maintain and enhance customer satisfaction. Moreover, greater need to attain sustainable business development is also increasing the adoption of supply chain analytics tools.
However, lack of awareness and low visibility of the real-time data is impacting the supply chain analytics market growth. Also, supply chain analytics is a high-cost product for small scale and medium scale enterprises which is another factor affecting its adoption rate.
Market Synopsis
Get a sample copy for more information
"The software segment expected to lead the supply chain analytics services market over the forecast period"
By components, the software segment is expected to witness a rapid growth in the global supply chain analytics market. As these solutions are largely adopted in various industries, the market size for supply chain analytics software is gradually increasing. Companies are upgrading their existing solutions and are investing in developing new software solutions to smoothen the processes of their clients. Additionally, the cloud-based model of supply chain analytics market are expected to witness a double-digit growth over the forecast period.
"North America to Hold the Major Market Share"
Geographically, North America holds the largest market share in the global supply chain analytics market in 2018. With growing industrial sectors and penetration of information technology in these industries is generating a huge volume of data. This data needs to be segregated in an efficient manner which drives the demand for supply chain analytics solutions. However, Asia-Pacific is likely to be the fastest-growing regional segment during the forecast period. Increasing adoption of advanced technologies and the expansion of international players in this region are fuelling the growth of this regional segment.
Get a sample copy for more information
Some of the leading players operating in the supply chain analytics market include MicroStrategy Inc., IBM Corporation, Oracle, SAP SE, Tableau Software, Accenture, PeopleSoft Inc., Genpact, SAS Institute Inc., JDA Software Group, among others.
Get a sample copy for more information
Historical & Forecast Period
This research report presents the analysis of each segment from 2019 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The global supply chain analytics report provides market size and estimates based on market opportunities and key trends observed in the industry. The report presents a comprehensive assessment of the supply chain analytics market based on software, services, deployment model and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Software Segment (2018–2023; US$ Bn)
• Spend and Procurement Analytics
• Supplier Performance Analytics
• Demand Analysis and Forecasting
• Inventory Analytics
|
|
Services Segment (2018–2023; US$ Bn)
• Managed Services
• Professional Services
|
|
Deployment Model Segment (2018–2023; US$ Bn)
• On-Premises
• Cloud
|
|
Geography Segment (2018–2023; US$ Bn)
• North America (U.S., Canada)
• Europe (U.K., Germany, France)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
|
Key questions answered in this report
- What was the market size of supply chain analytics in 2018 and forecast up to 2023?
- What are the aspects influencing the growth of the market?
- What are the market opportunities, market driving force and market risks across different regions?
- Who are the leading players in the supply chain analytics market?
- What are the key administrative regulations and policies affecting the Supply Chain Big Data Analytics Market?
Unique data points of this report
- Statistics on actual and potential market situation, and outlook
- Recent trends across different regions in terms of adoption and market opportunities
- Competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence
- A review of the impact of the administrative regulations and policies on the supply chain analytics market
