USD 5.18 billion
Supply Chain Analytics Market Size, Share, Growth Analysis, By Component(Software, Demand Analysis and Forecasting, Demand and Supply Planning [S&OP Process Management, Supply Chain Risk Management), By Service(Managed Services, Professional Services [Consulting Services, Support and Maintenance Services, Deployment and Integration Services]), By Deployment Mode(On-premises, Cloud), By Organization Size(Small and Medium-sized Enterprises, Large Enterprises), By Vertical(Retail and Consumer Goods, Automotive, Pharmaceutical, Food & Beverage Manufacturing), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45C2024 |
Region:
Global |
Published Date: September, 2024
Pages:
160
|Tables:
89
|Figures:
76
Supply Chain Analytics Market Insights
Global Supply Chain Analytics Market size was valued at USD 5.10 billion in 2022 and is poised to grow from USD 6.18 billion in 2023 to USD 28.57 billion by 2031, growing at a CAGR of 21.10% during the forecast period (2024-2031).
Growing use of data-driven decision-making around the world and increasing emphasis on improving supply chain management are projected to drive the demand for supply chain analytics over the coming years. The increasing complexity of global supply chains and the rising incidence of supply chain disruptions due to this complexity are also promoting the use of supply chain analytics around the world. Growing emphasis on improving supply chain operations to reduce costs and maximize profitability is also expected to create new opportunities going forward. Rising demand for sustainability in business operations around the world is also expected to bolster the adoption of novel supply chain analytics across the study period and beyond. Advancements in analytics technologies and growing use of artificial intelligence and other advanced technologies will also promote revenue generation for all supply chain analytics providers in the future. However, dearth of skilled workforce to manage supply chain analytics, high costs of implementation, and resistance to change are slated to impede supply chain analytics market growth potential in the long run.
US Supply Chain Analytics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Professional
Fastest Growth
Professional
Growth Rate
17.8% CAGR
Global Supply Chain Analytics Market ($ Bn)
Country Share for North America Region (%)
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Supply Chain Analytics Market Segmental Analysis
Global Supply Chain Analytics Market is segmented by Component, Service, Deployment Mode, Organization Size, Vertical, and region. Based on Component, the market is segmented into Software, Demand Analysis and Forecasting, Demand and Supply Planning, Supplier Performance Analytics, Supplier Performance Metrics Analysis, Spend and Procurement Analytics, Inventory Analytics, and Distribution Analytics. Based on Service, the market is segmented into Managed Services and Professional Services. Based on Deployment Mode, the market is segmented into On-premises and Cloud. Based on Organization Size, the market is segmented into Small and Medium-sized Enterprises, and Large Enterprises. Based on Vertical, the market is segmented into Retail and Consumer Goods, Automotive, Pharmaceutical, Food & Beverage Manufacturing, Machinery and Industrial Equipment Manufacturing, Energy and Utilities, and Government. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Supply Chain Analytics Market Analysis by Solution
Sales and operations are projected to account for a substantial share of the global supply chain analytics market. Increasing emphasis on improving the efficiency of supply chain operations and growing demand for better resource utilization are projected to help this segment generate major revenue for supply chain analytics companies in the future. The development of custom sales and operations solutions is also expected to present new opportunities for supply chain analytics providers looking to make a mark in this segment. Automation of supply chain operations will also present new opportunities for supply chain analytics providers via this segment going forward.
On the other hand, the demand for supply chain analytics for planning and procurement is projected to rise at an impressive CAGR over the coming years. The growing popularity of demand forecasting through the use of supply chain analytics is projected to help create new opportunities for market players via this segment in the future. Rising demand for better traceability of ingredients and components to ensure sustainability standards are met will also bolster the demand for supply chain analytics in the future. The increasing complexity of supply chain operations will also promote the demand for planning thereby helping supply chain analytics market growth via this segment.
Supply Chain Analytics Market Analysis by Organization Size
Large enterprises are forecasted to spearhead the demand for supply chain analytics across the forecast period. High spending potential and availability of resources to manage supply chain analytics solutions are helping this segment account for a dominant market share. Increasing use of automation and demand for better sustainability compliance is also expected to create new opportunities for supply chain analytics companies via this segment going forward. The increasing use of advanced digital technologies in large enterprises to promote productivity will also promote supply chain analytics demand outlook as well.
Meanwhile, the demand for supply chain analytics in small and medium enterprises is estimated to increase at a rapid pace over the coming years. Growing availability of affordable supply chain analytics solutions and rising awareness regarding the benefits of supply chain analytics use are all contributing to market growth via this segment. Rising availability of cloud-based supply chain analytics solutions is also a key factor helping market development via small and medium enterprises. The growing number of start-ups working on supply chain enhancement are also contributing to the demand for supply chain analytics in this segment. Innovation will be the prime focus of new supply chain analytics companies.
Global Supply Chain Analytics Market By Organization Size
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Supply Chain Analytics Market Regional Insights
North America is projected to account for a dominant share of the global supply chain analytics market. Rapid adoption of advanced technologies is expected to help this region maintain its dominance in the global supply chain analytics market landscape. The United States and Canada are slated to be the top markets for supply chain analytics providers operating in North America. High use of data-driven decision-making and growing use of automation in the supply chain are also expected to help create new opportunities for supply chain analytics companies in this region over the coming years.
The Asia Pacific region is expected to emerge as the most opportune regional market for supply chain analytics companies around the world. The presence of leading exporters and importers, increasing digitization of supply chain and logistics, and rising awareness regarding benefits of supply chain analytics are expected to make this region a highly rewarding one in the future. China, Japan, and India are slated to be noteworthy markets in this region going forward. Supportive government initiatives to promote digitization and rising emphasis on improving operational efficiency in supply chain business will also promote the use of supply chain analytics.
Global Supply Chain Analytics Market By Region
- Largest
- Fastest
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Supply Chain Analytics Market Dynamics
Supply Chain Analytics Market Drivers
Rising Complexity of Global Supply Chains
- Supply chains around the world are becoming increasingly complex owing to the implementation of new mandates for supply chains. Companies need to deploy advanced technologies and solutions to streamline their supply chain operations and processes thereby driving up the demand for supply chain analytics as well.
Adoption of Data-driven Decision-Making
- Increasing digitization of supply chain and logistics industry has led to high demand for meaningful insights from the data generated in these industries. The use of supply chain analytics to develop meaningful insights from data and promote better decision-making is expected to bolster market growth over the coming years.
Supply Chain Analytics Market Restraints
High Costs of Implementation
- Implementing supply chain analytics solutions and systems requires substantial capital investment as it requires infrastructure and skilled w workforce as well. These high costs make it adoption of supply chain analytics difficult for small and medium enterprises, thereby slowing down market development potential as well.
Absence of Skilled Workforce
- Supply chain analytics deals with the use of advanced technologies and systems, which require professionals with expertise in the same. There is a lack of such workforce around the world as supply chain analytics uses very advanced technologies such as artificial intelligence and machine learning.
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Supply Chain Analytics Market Competitive Landscape
Developing affordable supply chain analytics solutions and systems will be a major opportunity for all market players. Resolving the issues of integration with legacy systems and infrastructure will also be a priority for supply chain analytics companies looking to expand their business scope on a global level. Use of advanced technologies and automation will also generate new opportunities for supply chain analytics providers going forward.
Top Players in the Global Supply Chain Analytics Market
- IBM (US)
- Oracle (US)
- SAP SE (Germany)
- Salesforce (US)
- Software AG (Germany)
- MicroStrategy (US)
- SAS Institute (US)
- Cloudera (US)
- Domo (US)
- Axway (France)
- Rosslyn Analytics (UK)
- 1010data (US)
- Qlik (US)
- Logility (US)
- Infor (US)
- Voxware (US)
- Manhattan Associates (US)
- DataFactz (US)
- Dataiku (France)
- Relex Solutions (Finland)
- AIMMS (Netherlands)
- TARGIT (Denmark)
- TIBCO Software (US)
- Zebra Technologies (US)
- The AnyLogic Company (Russia)
- Intugine Technologies (India)
- Lumachain (Australia)
- HUM Industrial Technology (US)
- Pafaxe (US)
- SS Supply Chain Solutions (3SC) (India)
Supply Chain Analytics Market Recent Developments
- Helios, a startup based in Virginia announced the launch of a new AI-powered supply chain analyst called Cersi back in October 2023. The new solution uses supplier data and analyzes it with climate, economic, currency, and political risk signals to provide better insights and boost supply chain efficiency.
- Supply Chain Catalyst, a new analytics and management solution for supply chain applications was launched by Moody’s Analytics in March 2022. The new solution provides financial, sustainability, reputational, and operational risk factors for suppliers to enhance their supply chain operations accordingly.
- Kinaxis® Inc. Unveiled its new Planning.AI analytical approach at the Kinexions '22 event in May 2022. The new approach was available as a part of Kinaxis RapidResponse® platform to provide advanced analytics for supply chain applications.
Supply Chain Analytics Key Market Trends
- Use of Blockchain Technology: Supply chain analytics companies can leverage the use of blockchain technologies to enhance the scope of their offerings. Blockchain technology provides better security and transparency which also improves the overall supply chain visibility thereby fulfilling the demand for traceability in multiple industry verticals.
- Demand Forecasting: Supply chain analytics companies can also focus on developing predictive analytics or demand forecasting solutions to maximize their business scope in the future. Development of such offerings will help companies avoid the issues of overstocking and understocking, thereby improving overall supply chain operations as well.
Supply Chain Analytics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing complexity of supply chains around the world and rising emphasis on improving the efficiency of supply chain operations are forecasted to bolster market growth. On the contrary, high costs of implementation and the absence of a skilled workforce to manage supply chain analytics are slated to impede market development in the future. North America is forecasted to spearhead the adoption of supply chain analytics owing to the presence of key logistics and supply chain companies investing in advanced digital technologies. The use of blockchain technology will be a major trend for all supply chain analytics providers.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.10 billion |
| Market size value in 2031 | USD 28.57 billion |
| Growth Rate | 21.10% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Supply Chain Analytics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Supply Chain Analytics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Supply Chain Analytics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Supply Chain Analytics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Supply Chain Analytics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Supply Chain Analytics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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