What is the global market size of Supply Chain Analytics Market?

Global Supply Chain Analytics Market size was valued at USD 5.18 billion in 2021 and is poised to grow from USD 6.12 billion in 2022 to USD 22.46 billion by 2030, growing at a CAGR of 17.8% in the forecast period (2023-2030).

Who are the key vendors in the Global Supply Chain Analytics Market?

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. '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'

What is the key driver of Global Supply Chain Analytics Market?

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.

What is the key market trend for Global Supply Chain Analytics Market?

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.

Which region accounted for the largest share in Global Supply Chain Analytics Market?

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.

Supply Chain Analytics Market Trends

Skyquest Technology's expert advisors have carried out comprehensive research on the supply chain analytics market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.

Supply Chain Analytics Market Dynamics

Supply Chain Analytics Market Drivers

Rising Complexity of Global Supply Chains

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.

Adoption of Data-driven Decision-Making

Increasing digitization of supply chain and logistics industry has led to high demand for meaningful insights from the data generated in these industries. The use of supply chain analytics to develop meaningful insights from data and promote better decision-making is expected to bolster market growth over the coming years.

Supply Chain Analytics Market Restraints

High Costs of Implementation

Implementing supply chain analytics solutions and systems requires substantial capital investment as it requires infrastructure and skilled w workforce as well. These high costs make it adoption of supply chain analytics difficult for small and medium enterprises, thereby slowing down market development potential as well.

Absence of Skilled Workforce

Supply chain analytics deals with the use of advanced technologies and systems, which require professionals with expertise in the same. There is a lack of such workforce around the world as supply chain analytics uses very advanced technologies such as artificial intelligence and machine learning.

Supply Chain Analytics Market Report Snapshots

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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).

'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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Supply Chain Analytics Market

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Supply Chain Analytics Market Trends

Supply Chain Analytics Market Dynamics

Supply Chain Analytics Market Drivers

Supply Chain Analytics Market Restraints

Supply Chain Analytics Market Report Snapshots

FAQs

What is the global market size of Supply Chain Analytics Market?

Who are the key vendors in the Supply Chain Analytics Market?

What is the key driver of Supply Chain Analytics Market?

What is the key market trend for Supply Chain Analytics Market?

Which region accounted for the largest share in Supply Chain Analytics Market?

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