What is the global market size of Supply Chain Analytics Market?

Global Supply Chain Analytics Market size was valued at USD 5.18 billion in 2021 and is poised to grow from USD 6.12 billion in 2022 to USD 22.46 billion by 2030, growing at a CAGR of 17.8% in the forecast period (2023-2030).

Who are the key vendors in the Global Supply Chain Analytics Market?

SAP SE, Oracle Corporation, Accenture PLC, and Aera Technology are just a few of the prominent providers providing unified software solutions that address the diverse demands of a supply chain. The trend of improving the delivery mechanism from point of production to point of consumption has encouraged businesses to use unified advanced analytics software. The advancement of supply chain solutions using big data and predictive analytics, as well as the use of interactive software solutions and functional dashboards, stimulates market participants to create sophisticated supply chain analytics solutions. 'IBM', 'SAP SE', 'Oracle Corporation', 'Kinaxis', 'MicroStrategy', 'Tableau Software', 'Sisense', 'Qlik Technologies Inc.', 'TIBCO Software Inc.', 'SAS Institute Inc.', 'Teradata Corporation', 'Manhattan Associates Inc.', 'JDA Software Group Inc.', 'Logility Inc.', 'GEP Worldwide', 'E2open LLC', 'The AnyLogic Company', 'AIMMS', 'Axway Inc.', 'INFORM GmbH'

What is the key driver of Global Supply Chain Analytics Market?

Rising data volumes, along with the ongoing need for a unified cost-cutting solution, are projected to drive demand for advanced analytics solutions across business verticals. Big data has emerged as a critical component in developing corporate growth plans. Furthermore, one of the key concerns of businesses is cost-cutting and resource-saving, which may be accomplished through appropriate supply chain optimization. As a result, the utilisation of data improves the analytical capacity of such analytical solutions and offers businesses with useful insights into the core causes of lost productivity and velocity. These data also provide improved visibility into supply chain performance, allowing businesses to govern the flow of their resources and target their improvement projects.

What is the key market trend for Global Supply Chain Analytics Market?

Machine-generated and human-generated data are growing at a rate that is ten times faster than traditional commercial data. Furthermore, by 2027, the worldwide industry is predicted to have 41 billion IoT devices that will gather, analyse, and exchange this data. The growing need to store, process, and analyse huge volumes of structured and unstructured datasets has prompted many businesses and people to adopt advanced and big data analytics.

Which region accounted for the largest share in Global Supply Chain Analytics Market?

With a market share of more than 38% in 2021, North America dominated the global supply chain analytics market. Owing to the complexity of corporate processes, North American industrial organizations are putting a greater emphasis on the visual display of operational data. This enables businesses to quickly assess the current data health of their supply chain, allowing for better strategic decision-making.

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 News

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 Market Report Snapshots

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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).

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. '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 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.

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.

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.

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Supply Chain Analytics Market News

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What is the global market size of Supply Chain Analytics Market?

Who are the key vendors in the Supply Chain Analytics Market?

What is the key driver of Supply Chain Analytics Market?

What is the key market trend for Supply Chain Analytics Market?

Which region accounted for the largest share in Supply Chain Analytics Market?

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