Global Supply Chain Analytics Market Size, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Supply Chain Analytics Market


The global Supply Chain Analytics market size is projected to reach US$ 11.78 billion by 2026, from US$ 4.79 billion in 2020, at a CAGR of 16.2% during 2021-2026. Growing awareness of various benefits, such as forecasting accuracy and meaningful synthesis of business data, offered by supply chain analytics solutions are augmenting the market.
Rapid increase in volumes of business data being generated across various industries, such as manufacturing, transportation, retail & consumer, and healthcare, are prompting enterprises to adopt analytics solutions for converting raw data into meaningful insights. Rising awareness about advantages offered by supply chain analytics is encouraging the adoption of these solutions across many industries.

Organizations are particularly adopting these solutions owing to their enhanced decision-making capabilities for technology, organizational infrastructure, strategic alliances, and enterprise resource management. The adoption is remarkably high among small and medium enterprises.

Supply chain analytics solutions facilitate better and strategic decision making and help organizations in strengthening their market position, optimizing return on investment, and accelerating the growth by leveraging procured insights. They also present a broader view of supply chain and facilitate profitability, sustainability, and inventory cost reduction.

Moreover, growing adoption of mobile-based solutions is likely to open new growth opportunities for the market. Factors such as inefficient supplier networks, elevated warehousing costs, and incorrect forecasts are stoking the growth of the market.

On the flip side, concerns over data security are poised to restrict the growth of the market over the forecast period. Some of the common cyber threats are Man-in-the-Middle (MITM) attacks and unethical hacking activities. Nevertheless, vendors are increasingly focusing on data prevention by secluding critical machines from external networks in order to counter threats from hackers and unauthorized entities.

Market Segmentation, Outlook & Viewpoint: Global Supply Chain Analytics Market

Solution Scope (Revenue, USD Million, 2014 - 2025)

  
Logistics Analytics
  
Manufacturing Analytics
  
Planning & Procurement
  
Sales & Operations Analytics
  
Visualization & Reporting

Service Scope (Revenue, USD Million, 2014 - 2025)

  
Professional
  
Support & Maintenance

Deployment Scope (Revenue, USD Million, 2014 - 2025)

  
Cloud
  
On-premise

Enterprise Size Scope (Revenue, USD Million, 2014 - 2025)

  
Large Enterprise
  
Small & Medium Enterprises

End-use Scope (Revenue, USD Million, 2014 - 2025)

  
Retail & Consumer Goods
  
Healthcare
  
Manufacturing
  
Transportation
  
Aerospace & Defense
  
High Technology Products
  
Others

Key Players, Recent Developments & Regional Insights: Global Supply Chain Analytics Market

Small & medium enterprises are projected to emerge as the most promising enterprise size segment, which is anticipated to register a CAGR of 17.8% over the forecast period. The number of small and medium enterprises (SMEs) in developing economies, such as China, India, and Japan is growing and these SMEs are increasingly implementing robust supply chain analytics solutions in order to optimize their business capabilities.
Increasing number of government initiatives across the globe to support SMEs is also contributing to the growth of the segment. Growing implementation of information technology infrastructure by SMEs to enable digital services across different business channels is also estimated to keep the demand high for supply chain analytics.

End-use Insights

Organizing an efficient supply chain is turning out to be imperative as online retail industry continues to expand and retailers pay more attention to ensure seamless convenience for buyers. This is poised to propel the market over the forecast period. Flourishing e-commerce industry coupled with integration of big data and machine learning into supply chain analytics is boosting the efficiency of supply chain. This is expected to boost the growth of the retail & consumer goods segment over the forecast period.

Manufacturing companies are under pressure to ensure product availability and timely delivery, while retaining their margins. Supply chain analytics solutions can help in improving performance as they provide access to real-time data across the value chain and also reflect updates made to any region or any process throughout the organization in real time.

Regional Insights

North America dominated the market in terms of revenue in 2017 and was valued at USD 1.28 billion. Several providers of supply chain analytics solutions are headquartered in the region, which makes it edge over other regions. Besides this, as the nature of business operations continues to get complex, manufacturing companies are preferring a visual representation of supply chain data in order to analyze current state of supply chain, thereby fueling the demand for supply chain analytics in the region.

However, Asia Pacific is estimated to witness significant growth during the forecast period. The growth of the region can be attributed to increase in awareness among enterprises about advantages of analytics solutions. Moreover, rapidly growing number of small & mid-size businesses (SMBs) and their increasing expenditure on implementation of latest technologies in order to expand their businesses is likely to provide a tremendous push during the forecast period.

Supply Chain Analytics Market Share Insights

Accenture PLC; Aera Technology; Birst, Inc.; Capgemini SA; Genpact Limited; IBM; JDA Software Group, Inc., Kinaxis; Lockheed Martin Corporation; Maersk Group; and Manhattan Associates, Inc. are some of the leading incumbents of the market. In May 2018, JDA Software Group, Inc. launched its JDA Luminate solution. The new portfolio of solutions is designed to help establish a connected supply chain and allow users to make actionable decisions.

Industry players are investing in sales channels to enhance their existing market shares. Moreover, practice of entering into partnerships with industry vendors is helping them attain a competitive edge. Key players in the market are also investing aggressively in research and development activities to develop and offer cost-effective and secured supply chain analytics solutions.

Key Insights Covered: Global Supply Chain Analytics Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Supply Chain Analytics industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Supply Chain Analytics industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Supply Chain Analytics industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Supply Chain Analytics industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Supply Chain Analytics industry.

Research Methodology: Global Supply Chain Analytics Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other