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Global Supply Chain Analytics Market - Industry Trends and Forecast to 2029

ICT

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Global Supply Chain Analytics Market - Industry Trends and Forecast to 2029

  • ICT
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Supply Chain Analytics Market - Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 5.07 Billion
Diagram Market Size (Forecast Year) USD 19.07 Billion
Diagram CAGR %

Major Markets Players

  • Oracle
  • IBM
  • SAS Institute
  • Software AG
  • Micro Strategy orporated

Global Supply Chain Analytics Market, By Solutions (Logistics Analytics, Manufacturing Analytics, Planning and Procurement, Sales and Operations Analytics, Visualization & Reporting), Service (Professional, Support and Maintenance), Deployment (Cloud and On-premise), Enterprise size (Large Enterprise, Small and Medium Enterprise), End-Use (Retail and Consumer Goods, Healthcare, Manufacturing, Transportation, Aerospace and Defense, High Technology Products and Others)– Industry Trends and Forecast to 2029

Supply Chain Analytics Market

Supply Chain Analytics Market Analysis and Size

The supply chain analytics market oversee the communication and operational networks of businesses. Moreover, as the market is on high demands and the online retail businesses are growing, retailers and market players are continuously competing to organize an efficient supply chain and to deliver enhances experience to the customers. The supply chain analytics market grants a new era in supply chain management that improves forecasts and helps in identifying inefficiencies. Thus, the market is projected to witness substantial growth throughout forecast period.

Global supply chain analytics market was valued at USD 5.07 billion in 2021 and is expected to reach USD 19.07 billion by 2029, registering a CAGR of 18% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Solutions (Logistics Analytics, Manufacturing Analytics, Planning and Procurement, Sales and Operations Analytics, Visualization & Reporting), Service (Professional, Support and Maintenance), Deployment (Cloud and On-premise), Enterprise size (Large Enterprise, Small and Medium Enterprise), End-Use (Retail and Consumer Goods, Healthcare, Manufacturing, Transportation, Aerospace and Defense, High Technology Products and Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Oracle (U.S.), IBM (U.S.), SAS Institute Inc.(U.S.), Software AG (Germany), Micro Strategy Incorporated(U.S.), TABLEU SOFTWARE,LLC(U.S.), Qlik (U.S.), TIBCO Software Inc.(U.S.), Cloudera, Inc.(U.S.), American Software,Inc., (U.S.), Accenture(Ireland), Aera Technology (U.S.), Birst, Inc., (U.S.), Capgemini (France), Genpact (U.S.), JDA Software Inc., (U.S.), Kinaxis (Canada), Lockheed Martin Corporation(U.S.), A.P. Moller – Maersk (Denmark)

Market Opportunities

  • Rise in The Demand of Cloud Based Supply Chain Analytics By The Enterprises
  • Cloud Advantages and Other Technical Innovations

Market Definition

Supply chain analytics are the procedures which organizations use to gain insight and extract value from the large amounts of data related with the procurement, processing and distribution of goods. It helps convert business data including order, shipment, and transactional data of several industries such as, manufacturing, retail & consumer, healthcare, and transportation into meaningful insights. It also provides accurate forecasting and future market trends and encourages better leadership in fortifying their market position and utilizing the required knowledge and have gained a significant demand recently.

Global Supply Chain Analytics Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Growth Of the Data Volume

Smart analytics solutions are on high demands since the ongoing or trending need of various cost-cutting solutions are increasing recently. This utilization of data improves the analytical capacity of this analytical model and induces useful insights for industries and businesses into the core causes of productivity loss. Greater transparency can be achieved so that we can govern the flow of resources and focus on improvement activities effectively.

  • Technological Improvisations

The requirement for technological improvisations in global chain supply analytics market is always of utmost importance as they support and enable better tracking of the products across the supply chain and also help in understanding customer behavior. Moreover, retailers have also put in the RFID readers team to diagnose all the sales parameters and enhance the market’s performance which has resulted in fostering the market's overall growth rate over the forecast period. These solutions enhance sustainability, reduce inventory costs and accelerate time-to-market for products in a long run. The growing preference for technical improvisations of big volume data analysis is estimated to positively impact the market's growth rate during the forecast period.

Opportunities

  • Cloud-Based SCA Solutions

SCA solutions have created such as easy deployment, shorter implementation window, effective use of IT resources, and flexibility & mobility offered by these solutions in small and medium enterprises. Another remarkable trend is the high demands for the risk analytics solutions in all industries across the globe. Risk analytics solutions are the solutions that address multiple issues related to supply and chain segment by analyzing the sensitivity and optimization. Factors such as shortening product life cycles, low visibility in traditional supply chains and ineffective supply chain networks are factors that necessitate the supply chain optimization, thereby, driving the growth of the market.

  • Improved effectiveness of business outcomes

Additionally, the improved effectiveness of the analytical outcomes in the SCA sector further offer numerous growth opportunities within the supply and chain market. Cost-effectiveness in the supply and chain analytics segment is also a factor that will produce a significant growth for the market. Rise in the demands of retail and consumer products, healthcare, and manufacturing industries will therefore, will bring a boost for the market during the projected period as it improves the operational productivity.

Restraints/Challenges

  • Unavailability Of Skilled Personnel

The rise of the big data amongst the industrial era of supply and chain analytics need to be modelled, integrated and analyzed in order to gain accurate insights. Various roles such as leaders, chief data officers and data scientists are expected to witness an increased demands in the upcoming years. Sudden increase in the needs of these roles have created a skill gap in the market. Enterprises need a specific strong collaboration with academic institutions for these upcoming roles so as to extract insights from big data and business analytics.

  • Data Privacy Concerns and Increased Cyber Threats

The need for data privacy protection is growing with the growth of the supply chain analytics market. As the collected data increases with the online transactions carried out in the business segment, worries about the security of data is increasing. Customer’s must disclose the private information in order to receive value-added services and sometimes lead to data leaks and cyber threats .the factors such as cyber theft and privacy concerns will further challenge the  global supply chain analytics market.

This global supply chain analytics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global supply chain analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Global Supply Chain Analytics Market

The rapid COVID-19 proliferation has a negative impact on the market for supply chain analytics .Firm closures and strict lockdowns have badly impacted nearly every industry in the world. Companies in the supply chain analytics market have developed effective solutions in a matter of months as a result of the abrupt shift in working conditions and the increasing popularity of working from home. In the market for supply chain analytics, the majority of the companies have switched to big data and analytics .Enterprises are set to adopt analytical solutions to plan, predict, and forecast the demand and supply. Due to the present interruptions caused by the pandemic, the demand for supply chain analytics solutions is expected to increase significantly during the post-COVID era.

Recent Developments

  • In 2020, SAP SE announced offerings and additional access to the company’s technologies to help organisations confront and navigate the covid-19 pandemic.
  • In 2020, Infosys limited launched a personalized medicine solution for the pharmaceutical industry, the solution determines various cloud solutions to help the regulatory authorities.
  • In 2020, the Chinese government launched policies to support the market growth of SMEs with production and operation processes. The launched policies target finance, social security, subsidies, and taxation.

Global Supply Chain Analytics Market Scope

The global supply chain analytics market is segmented on the basis of solutions, service, deployment, enterprise size and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Solution

  • Logistics Analytics
  • Manufacturing Analytics
  • Planning and Procurement
  • Sales and Operations Analytics
  • Visualization and Reporting

Service

  • Professional
  • Support and Maintenance

Deployment

  • Cloud
  • On-premise

Enterprise Size

  • Large Enterprise
  • Small and Medium Enterprises

End-use

  • Retail and Consumer Goods
  • Healthcare
  • Manufacturing
  • Transportation
  • Aerospace and Defense
  • High Technology Products
  • Others

Global Supply Chain Analytics Market Regional Analysis/Insights

The supply chain analytics market is analyzed and market size insights and trends are provided by solutions, service, deployment, enterprise size and end-use as referenced above.

The countries covered in the supply chain analytics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the supply chain analytics market because of the growth of the supply chain analytics market due to the strong presence of a large number of solution vendors in the US.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to rising awareness of the benefits of analytics solutions among businesses and the growing expenditure on the deployment of cutting-edge technology.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Supply Chain Analytics Market Share Analysis

The supply chain analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to supply chain analytics market.

Some of the major players operating in the supply chain analytics market are

  • Oracle (U.S.)
  • IBM (U.S.)
  • SAS Institute Inc.(U.S.)
  • Software AG (Germany)
  • Micro Strategy Incorporated(U.S.)
  • TABLEU SOFTWARE,LLC(U.S.)
  • Qlik (U.S.)
  • TIBCO Software Inc.(U.S.)
  • Cloudera,Inc.(U.S.)
  • American Software,Inc.(U.S.)
  • Accenture(Ireland)
  • Aera Technology (U.S.)
  • Birst, Inc.(U.S.)
  • Capgemini (France)
  • Genpact(U.S.)
  • JDA Software Inc.(U.S.)
  • Kinaxis(Canada)
  • Lockheed Martin Corporation(U.S.)
  • A.P. Moller – Maersk (Denmark)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Supply Chain Analytics Market will be worth USD 19.07 billion in the forecast period by 2029.
The Supply Chain Analytics Market growth rate is 18% during the forecast period.
Growth Of the Data Volume and technological Improvisations are the growth drivers of the Supply Chain Analytics Market.
The solutions, service, deployment, enterprise size and end-use are the factors on which the Supply Chain Analytics Market research is based.
Major companies in the Supply Chain Analytics Market are Oracle (U.S.), IBM (U.S.), SAS Institute Inc.(U.S.), Software AG (Germany), Micro Strategy Incorporated(U.S.), TABLEU SOFTWARE,LLC(U.S.), Qlik (U.S.), TIBCO Software Inc.(U.S.), Cloudera, Inc.(U.S.), American Software,Inc., (U.S.), Accenture(Ireland), Aera Technology (U.S.), Birst, Inc., (U.S.), Capgemini (France), Genpact (U.S.), JDA Software Inc., (U.S.), Kinaxis (Canada), Lockheed Martin Corporation(U.S.), A.P. Moller – Maersk (Denmark).
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