The
global supply chain analytics market is expected to reach USD 9.87 billion by
2025, according to a new study by Grand View Research, Inc. The growing need to
manage a large amount of business data and use derived insights is optimizing
the demand for supply chains. The increasing awareness among consumers
regarding the benefits offered by supply chain analytics has encouraged
organizations across various industries to adopt analytic solutions with an
objective to improve perceptibility levels across the entire supply chain
enablers.
The
deployment of supply chain analytics solutions helps customers to enhance their
company’s profitability, achieve growth, and increase market shares by
utilizing the derived insights for taking strategic decisions. Moreover, these
solutions offer a holistic view of the supply chain that helps in enhancing
sustainability, improving profitability, reducing inventory cost, and
accelerating the time-to-market for products in the long run.
Furthermore,
factors such as shortening product life cycles, low supply chain visibility,
ineffective supplier networks, elevated warehousing costs, redundant forecasts,
and fluctuating customer demands are responsible for the rising necessity of
supply chain optimization, thereby driving growth of the market.
In depth research report on Supply Chain Analytics
Market
Further key findings from the study suggest:
·
The sales & operations
analytics segment dominated the solution market in 2016. However, the
visualization & reporting segment is expected to gain dominance by growing
at a CAGR of 18.9% over the next eight years.
·
Cloud deployment is expected to
remain the most preferred method of deployment in the supply chain analytics.
This segment is expected to grow substantially at a CAGR of 17.1% over the
forecast period.
·
The manufacturing segment
experienced the highest application in 2016. However, the high technology
product segment is expected to grow at the highest CAGR of 18.9% over the next
eight years.
·
The manufacturing and retail
& consumer goods segments are predicted to grow at a higher rate, majorly
due to reduction in the cost of supply chain in an attempt to reduce the
overall product cost.
·
North America was the dominant
regional market in 2016, which is attributed to the presence of a large number
of supply chain analytics service providers in the region.
·
Asia Pacific is expected to
emerge as the largest market by 2025 and attain a market size of USD 2,646.6
million over the forecast period.
·
The key industry participants
operating in the market are SAS Institute Inc., SAP SE, IBM Corporation, Oracle
Corporation, Sage Clarity Systems, Kinaxis Inc., MicroStrategy Inc., Genpact
Ltd., Capgemini Group, and Birst, Inc.
Grand
View Research has segmented the global supply chain analytics market based on
solutions, deployment, end-use, and regions:
Supply Chain Analytics Solution Scope (Revenue, USD
Million; 2014 - 2025)
·
Logistics Analytics
·
Manufacturing Analytics
·
Planning & Procurement
·
Sales & Operations
Analytics
·
Visualization & Reporting
Supply Chain Analytics Deployment Scope (Revenue,
USD Million; 2014 - 2025)
·
Cloud
·
On-premise
Supply Chain Analytics End-use Scope (Revenue, USD
Million; 2014 - 2025)
·
Retail & Consumer Goods
·
Healthcare
·
Manufacturing
·
Transportation
·
Aerospace & Defense
·
High Technology Products
·
Others
Supply Chain Analytics Regional Outlook (Revenue,
USD Million; 2014 - 2025)
·
North America
·
U.S.
·
Canada
·
Europe
·
UK
·
Germany
·
Asia Pacific
·
China
·
India
·
Japan
·
Latin America
·
Brazil
·
Middle East & Africa (MEA)
Browse more research reports of this category:
About Grand View
Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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