Product ID: SQMIG45C2024
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.
Global Supply Chain Analytics Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
