According to the latest report by IMARC Group, titled “Supply Chain Analytics Market: Global Industry Trends, Share, Size, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the supply chain analytics market growth. The global supply chain analytics market size reached US$ 5.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.6 Billion by 2027, exhibiting a growth rate (CAGR) of 17.89% during 2022-2027.
Supply chain analytics refers to a technological solution that collects data and information to provide insights into logistics performance at the procurement, processing, and distribution levels of a product. They assist in risk management, increasing planning accuracy, enhancing order management, streamlining procurement, and increasing return on investment (ROI). They also help maintain inventory records, increase productivity, and standardize different processes.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The rising usage of cloud-based solutions in small and medium-scale enterprises (SMEs) represents one of the major factors positively influencing the demand for supply chain analytics around the world. In addition, the thriving e-commerce industry is driving the adoption of supply chain analytics to provide real-time information on warehouse management and delivery. Apart from this, industry players are integrating supply chain analytics services with advanced technologies, such as the internet of things (IoT), machine learning (ML), and artificial intelligence (AI). This, in turn, is impelling the growth of the market.
Breakup by Component:
Software
Demand Analysis and Forecasting
Supplier Performance Analytics
Spend and Procurement Analytics
Inventory Analytics
Transportation and Logistics Analytics
Services
Professional
Support and Maintenance
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Enterprise Size:
Large Enterprises
Small and Medium Enterprises
Breakup by Industry Vertical:
Automotive
Food and Beverages
Healthcare and Pharmaceuticals
Manufacturing
Retail and Consumer Goods
Transportation and Logistics
Others
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Axway
Capgemini SE
International Business Machines Corporation
Infor Inc (Koch Industries Inc.)
Kinaxis Inc
Manhattan Associates Inc
Microstrategy Incorporated
Oracle Corporation
QlikTech International AB
SAP SE
SAS Institute Inc
Tableau Software LLC (Salesforce Inc.)
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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