Supply Chain Analytics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024

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Report Code: ZMR-3064 | Report Format : | Status : Upcoming |

Abstract

Global Supply Chain Analytics Market: Overview

Supply chain analytics is a system which facilitates the execution of products and services from suppliers to the customer. It has an important goal to improve forecasting and efficiency and be more responsive to customer needs, which in turn can lead to cost-saving adjustments to inventory and faster delivery to customers. There are some tools or software’s available in the market which helps in supply chain analytics some of them are Intellestra by Voxware, KPMG Spectrum Third Party Intelligence, PeopleSoft Supply Chain Analytics, Birst Supply Chain Analytics etc.

Global Supply Chain Analytics Market: Growth Factors

It is witnessing structural reforms to reduce the complexities in the supply chain management system. The supply chain network involves transferring goods to the warehouse of distributors to customers. The network of the supply chain is becoming complex day by day due to increase in globalization and business expansion.

The biggest driver that shapes the retail landscape in the Asia Pacific is the launch of the Association of Southeast Asian Nations (ASEAN) Economic community. The Asia Pacific is an emerging market in the global supply chain analytics market, as it offers cheap labor and lower land prices, it is expected to attract foreign investors for startup ventures, and thus it is expected to hold a dominant share of the market in future.

The ASEAN Economic Community (AEC) is expected to help retailers expand the region, which will fuel the economic development of the region. As data analytics becomes critical in supply chain operations and management, supply chain analytics software solutions and tools have become required technologies in the market. Many supply chain analytics tools feature improved forecasting, sales, and operations planning to give supply chain managers the business intelligence they need to streamline operations, lower costs, and improve customer service.

Global Supply Chain Analytics Market: Segmentation

Supply chain analytics is broadly segmented into types such as supply chain planning and procurement, sales & operations planning, manufacturing analytics, transportation and logistics, visualization and reporting tools. On the basis of industry vertical, the market is segmented into retail, healthcare, automotive and transportation, aerospace & defense, manufacturing, and others. The growth of the market is driven by factors such as low supply chain visibility, inefficient supplier networks, elevated warehousing costs, and incorrect forecasts, and so on. Increasing demand for timely delivery and product availability have been pressurizing manufacturing companies to meet the rising demand while maintaining the same margin levels. The application of supply chain analytics solutions helps in improving performance as they provide access to real-time data across the value chain and accurately reflect updates made in any region or process across an organization. Due to high demand for supply chain analytics software, there is competition in the market.

Global Supply Chain Analytics Market: Regional Analysis

 At present North America is the leading country in the global supply chain analytics market in the region. The Asia Pacific is also expected to emerge as a promising region for the growth of the market owing to the flourishing manufacturing activities along with the region along with growing investments for the purpose of foreign expansion. North America and Europe are the most advanced regions in terms of technology usage and the growing number of analytic applications in each industry. On the other hand, Africa, Middle East, and the Asia Pacific are among the fastest growing regions in this market. These regions are getting aware towards the analytical technology in various sectors of industry.

Global Supply Chain Analytics Market: Competitive Players

Some of the most important player operating in global supply chain analytics market are Sage Clarity LLC, Kinaxis Inc., SAS institute Inc., Oracle Corporation, Capgemini S.A., SAP SE, IBM Corporation, Microstatergy Genpact Ltd., and Birst Inc., among others.

Global Supply Chain Analytics Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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