Global Supply Chain Analytics Market

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 2025-2032


Report ID: SQMIG45C2024 | Region: Global | Published Date: September, 2024
Pages: 160 | Tables: 89 | Figures: 76

Supply Chain Analytics Market Insights

Supply Chain Analytics Market size was valued at USD 6.18 Billion in 2023 and is poised to grow from USD 7.48 Billion in 2024 to USD 34.6 Billion by 2032, growing at a CAGR of 21.10% during the forecast period (2025-2032).

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.

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FAQs

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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Global Supply Chain Analytics Market

Report ID: SQMIG45C2024

$5,300
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