The The global supply chain analytics market witnesses rapid growth.
Sustainability in supply chains offers significant advantages, adapting to
support sustainability and protect the planet. With recent covid-led crises, supply
chain has garnered much attention due to disturbed consumer goods supplies
particularly, personal care products and personal protective equipment.
With the rising demand for maintaining sustainable supply chains,
the market is projected to witness a significant revenue rise. According to
Market Research Future (MRFR), the global supply
chain analytics market would reach exponential heights by 2027,
registering a phenomenal CAGR during the forecast period (2020-2027).
Moreover, the spurring rise in the retail market and growing focus
on customer satisfaction needs and adoption of technologies are major supply
chain analytics market trends. Advances in analytical capabilities and supply
chain integration with artificial intelligence provide advantages, such as
reduced cost fluctuations and improved sourcing and logistics activities.
Additionally, increasing uptake of IoT platforms that help
organizations enhance their business operations increases the supply chain
analytics market size. With the growing adoption of supply chain analytics in
the rising numbers of BFSI and IT & telecom companies, the market has a
positive outlook in the years to come. Similarly, supply chain intelligence and
emergency response management technology upgrades foster supply chain analytics
market growth.
On the other hand, the connected digital space and the data
gathered along with it and data privacy issues associated with public cloud
deployments are major factors projected to impede the market growth. Also,
monetary constraints among enterprises can restrain market growth.
Global Supply Chain Analytics Market – Segmentation
The supply chain analytics market forecast is segmented into
components, deployments, verticals, and regions. The component segment is
sub-segmented into solutions and services. The sub-segment solution is further
bifurcated into supply chain planning & procurement, transportation &
logistics, sales & operation planning, manufacturing analytics,
visualization & reporting tools, and others.
The sub-segment service is further bifurcated into professional
services and managed services. The deployment segment is sub-segmented into on-premises
and on-cloud. The vertical segment is sub-segmented into retail, healthcare,
manufacturing, automotive & transportation, aerospace & defense, and
others. The region segment is sub-segmented into Americas, Europe, Asia
Pacific, and the Rest-of-the-World.
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Supply Chain Analytics Market – Regional Analysis
North America dominates the global supply chain analytics market
with the presence of significant players such as IBM Corporation, Oracle
Corporation, and SAS Institute providing supply chain analytics
solutions. Besides, the largest market share attributes to the increasing
adoption of automation, and high investments in developing cloud-based
solutions & other related technologies are supply chain analytics market
trends.
Global Supply Chain Analytics Market – Competitive Analysis
Numerous players form a competitive landscape in the supply chain
analytics market. These players adopt aggressive strategic initiatives such as
innovation, mergers & acquisitions, and brand reinforcement. They
continuously launch analytics and services in developing economies to take
advantage of the economic growth in these regions.
Major Players:
Players active in the global supply chain analytics market include
MicroStrategy, Inc., IBM Corporation, Oracle Corporation, SAP SE, Tableau
Software, Inc., Accenture PLC, Manhattan Associates Inc., Genpact, SAS
Institute Inc., and JDA Software Group, Inc., among others.
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Industry/ Innovation/ Related News
April 20, 2021 --- Researchers from Texas A&M University announced
the development of a web-based dashboard designed to predict
COVID-19 threats to supply chains, share data and foster analysis. The
collaborative platform can improve decision-making by researching potential
impacts like social, economic, and environmental on supply chains due to
COVID-19.
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