USD 5.18 billion
Global Supply Chain Analytics Market Size, Share, Growth Analysis, By Software(Supplier Performance Analytics, Dem), By Service(Professional, Support & Maintenance), By Deployment Model(Cloud, On-premises) - Industry Forecast 2024-2031
Report ID:
SQMIG45C2024 |
Region:
Global |
Published Date: February, 2024
Pages:
160
|
Tables:
89 |
Figures:
76
Global Supply Chain Analytics Market Insights
Global Supply Chain Analytics Market size was valued at USD 5.18 billion in 2019 and is poised to grow from USD 6.12 billion in 2023 to USD 22.46 billion by 2031, growing at a CAGR of 17.8% in the forecast period (2024-2031).
Supply chain analytics (SCA) is gaining significant demand as a result of greater awareness of the benefits of SCA solutions such as forecasting accuracy, supply chain optimization, waste minimization, and meaningful synthesis of business data. Growing number of small and medium-sized businesses, as well as their increased investment on applying analytics in order to maintain a strong market position and compete with other market players, are likely to drive market expansion throughout the forecast period.
SCA provides organizations with a broader view of supply chain activities, allowing them to more effectively manage any issues that may impact the business's profitability or sustainability. Mobile-based solutions assist businesses in tracking inefficient supplier networks, increased warehousing costs, and incorrect forecasts, among other things. Analytics solutions are also important in analyzing business operations, which can help improve inventory management and, as a result, help reduce associated cost components that can stymie business growth. A recent surge in the adoption of mobile-based solutions is expected to open up new opportunities for the market growth.
US Supply Chain Analytics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Professional
Fastest Growth
Professional
Growth Rate
17.8% CAGR
Global Supply Chain Analytics Market 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
Global Supply Chain Analytics Market Size by Service 2021-2028 ($ Mn)
Global Supply Chain Analytics Market Size by Service 2021-2028 (%)
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Global Supply Chain Analytics Market Segmental Analysis
Supply Chain Analytics Market is segmented based on software into supplier performance analytics, demand analysis and forecasting, and inventory analytics. By services, the Supply Chain Analytics Market is segmented into professional, support & maintenance. By deployment model, the Supply Chain Analytics Market is categorized into cloud, on-premises. Based on region, Supply Chain Analytics Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Supply Chain Analytics Market Analysis by Service
In 2021, the professional services category had a market share of more than 60%. To minimize data loss or theft, professional services must guarantee that the new systems are compatible with the current systems of multiple departments, and that the new systems are integrated with the old ones, therefore promoting segment growth. Increased demand for professional services such as data analysis and preservation, as well as expert advice on developing technologies. However, data scientist teams require specialized talents to detect and uncover patterns that assist marketers in making better judgments; as a result, the supply chain industry lacks experienced or professional services and persons.
Supply Chain Analytics Market Analysis by Deployment Model
In 2021, the cloud segment had a market share of more than 62%. Technological advancement has resulted in widespread adoption of IoT devices, increasing OEM customers' reliance on cloud-based platforms. Cloud deployment provides organizations with greater flexibility and allows for large-scale customization of products and services. Owing to the benefits in data security and risk analysis, the industry is increasingly turning to big data analytics solutions. Due to increased mobility and ease of use of cloud services, supply chain analytics solutions are being aggressively deployed on cloud-based platforms.
Global Supply Chain Analytics Market By Service, 2021 (%), 2023 (%)
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Global Supply Chain Analytics Market Regional Insights
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.
The European regional market is expected to grow at a promising rate over the forecast period. The European Commission's Single Market Strategy allows commodities, services, people, and capital to move freely throughout the European Union. It broadens the geographical market for European businesses and expands the acceptance and deployment of SCA solutions.
The Asia Pacific regional market is expected to grow significantly over the forecast period. The growth could be attributed to a growing business awareness of the benefits of analytics solutions. Furthermore, the growing number of small and medium-sized businesses (SMBs) and their increasing expenditure on the deployment of cutting-edge technology to expand their businesses may contribute to the growth of the regional supply chain analytics market.
Global Supply Chain Analytics Market By Geography, 2021 - 2028, 2024-2031
- Largest
- Fastest
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Global Supply Chain Analytics Market Dynamics
Supply Chain Analytics Market Drivers
- 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.
Supply Chain Analytics Market Restraint
- Unethical activities and increasing incidences of cyber threats may raise concerns among businesses and, to some extent, challenge the adoption of SCA solutions. Although the prospects for incorporating technology into supply chain operations appear promising, industry incumbents are still concerned about potential security/data breaches. These concerns may be detrimental to future growth.
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Global Supply Chain Analytics Market Competitive Landscape
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.
Top Players in the Global Supply Chain Analytics Market
- 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
Supply Chain Analytics Market Recent Developments
- In July 2020, Blue Yonder collaborated with Uber Freight to assist businesses in developing efficient and transparent global supply chains. Uber Freight worked with Blue Yonder'sLuminateTM Platform as part of this cooperation to power the dynamic pricing discovery solution for quoting real-time market-based prices and quick booking capabilities.
- In January 2020, Infosys Limited joined forces with GEFCO, a European supplier of multimodal supply-chain solutions, to help the latter with digital transformation over the next five years. The agreement envisions Infosys Limited assisting GEFCO in implementing new supply chain capabilities such as real-time data extraction and processing, obtaining valuable insights with extremely low latency, and responding intelligently and effectively across the value chain.
Global Supply Chain Analytics Key Market Trends
- 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.
- The advent of concepts like Industry 4.0 and Logistics 4.0 is likely to provide up attractive potential for market expansion. Industry 4.0 is a contemporary trend in manufacturing technology that combines traditional manufacturing and industrial methods with technologies such as cyber-physical systems, the Internet of Things (IoT) cloud computing, and cognitive computing.
Global Supply Chain Analytics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, in 2021, the cloud sector had a market share of more than 58 percent. Technological advancement has resulted in widespread adoption of IoT devices, increasing OEM customers' reliance on cloud-based systems. Cloud deployment provides enterprises with greater flexibility and enables for large-scale customization of goods and services. Because of the benefits in data security and risk analysis, the sector is increasingly turning to big data analytics solutions. Because of increased mobility and the ease of use of cloud services, supply chain analytics solutions are being aggressively deployed on cloud-based platforms.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.18 billion |
| Market size value in 2031 | USD 22.46 billion |
| Growth Rate | 17.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Supply Chain Analytics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Supply Chain Analytics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Supply Chain Analytics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Supply Chain Analytics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Supply Chain Analytics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Supply Chain Analytics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Supply Chain Analytics Market Report Snapshots
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