According to the latest report by IMARC Group, titled “Supply Chain Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Supply Chain Analytics Market Report to grow at a CAGR of around 17% during 2021-2026.Supply chain analytics is a tool used by organizations to improve the decision-making capabilities and enhance the overall operational efficiency by enabling data-driven decisions. It involves the use of various solutions and services, such as supply chain procurement and planning tools, demand analysis and forecasting, supplier performance analytics and other professional services. The analytics solutions are also utilized for order, inventory, warehouse and transport management. Supply chain analytics aid in increasing productivity, improving customer relationships and cross-functional collaboration and optimizing production plans. As a result, they find extensive applications across various industries, such as manufacturing, automotive, healthcare, transportation and food and beverage.
Supply Chain Analytics Market Trends:
The global supply chain analytics market is primarily being driven by the widespread product adoption in the manufacturing industry. Supply chain analytics is widely used to improve operation and supply chain efficiencies, identify opportunities for growth and manage the data generated. Moreover, various technological advancements, such as the integration of artificial intelligence (AI) and machine learning (ML) solutions, are providing a thrust to the market growth. These technologies aid in analyzing and interpreting large datasets quickly, enable enhanced tracking and provide detailed insights regarding consumer behavior. Other factors, including the implementation of various government initiatives to promote business expansion, along with significant growth in the e-commerce industry, are anticipated to drive the market toward growth.
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Supply Chain Analytics Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
Axway, Capgemini SE, International Business Machines Corporation, Infor Inc (Koch Industries Inc.), Kinaxis Inc., Manhattan Associates Inc., Microstrategy Incorporated, Oracle Corporation, QlikTech International AB, SAP SE, SAS Institute Inc. and Tableau Software LLC (Salesforce Inc.).
Breakup by Component:
Software
Demand Analysis and Forecasting
Supplier Performance Analytics
Spend and Procurement Analytics
Inventory Analytics
Transportation and Logistics Analytics
Services
Professional
Support and Maintenance
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Enterprise Size:
Large Enterprises
Small and Medium Enterprises
Breakup by Industry Vertical:
Automotive
Food and Beverages
Healthcare and Pharmaceuticals
Manufacturing
Retail and Consumer Goods
Transportation and Logistics
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
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