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The global supply chain analytics market value reached approximately USD 7.61 billion in 2023. The market is estimated to grow at a CAGR of 16.90% between 2024 and 2032, reaching a value of around USD 31.00 billion by 2032.
Supply chain analytics encompasses the systematic acquisition, meticulous analysis, and insightful interpretation of data pertaining to an organisation's supply chain operations. It leverages sophisticated analytical techniques and cutting-edge tools to extract valuable insights. The fundamental objective of supply chain analytics revolves around optimising and augmenting the overall performance of the supply chain.
Based on service, the supply chain analytics market segmentations include professional and support and maintenance. On the basis of solution, the market is segmented into planning and procurement, manufacturing analytics, sales and operations analytics, logistics analytics, and visualisation and reporting. The market, based on deployment, is divided into on-premises and cloud. The major regional markets for supply chain analytics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global supply chain analytics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
As per the supply chain analytics market analysis, logistics analytics is expected to witness robust development during the forecast period. The growth of the segment is associated with its crucial role in establishing connections between transportation networks, enabling the prediction of market demand, and identification of strategic product supply locations. By harnessing the power of big data in supply chain analytics, organisations can also optimise their supply chain and logistics activities, efficiently meet evolving customer demands, and elevate customer satisfaction and loyalty.
The rapid development of the cloud segment is expected to significantly impact the market. The deployment of cloud-based supply chain analytics is likely to register a high growth rate during the forecast period owing to the widespread adoption of IoT devices. Cloud deployment offers enhanced flexibility and enables extensive customisation of products and services to meet diverse organisational needs, which is expected to bolster the supply chain analytics market demand in the coming years.
The supply chain management sector specifically favours big data analytics solutions due to their advantages in data security and risk analysis. The seamless mobility and user-friendly nature of cloud services have led to the rapid implementation of supply chain analytics solutions on cloud-based platforms.
Salesforce, Inc is an American company that specialises in cloud-based software solutions. Renowned for its customer relationship management (CRM) platform, Salesforce empowers businesses to effectively manage their customer interactions and relationships. The company was established in 1999 and has developed to offer a wide range of cloud-based products and services that cater to various business needs.
SAP SE, headquartered in Walldorf, Germany, is a multinational software corporation that has evolved into one of the largest enterprise software companies globally. Established in 1972, SAP specialises in offering a diverse array of business software solutions aimed at optimising operations and enabling informed decision-making for organisations.
IBM Corporation, based in Armonk, New York, and widely recognised as IBM, stands as a prominent multinational technology company. With a foundation dating back to 1911, the company boasts a rich legacy as one of the world's oldest and most influential technology enterprises. Over the years, IBM has played a significant role in the evolution of computing systems, making noteworthy contributions that have propelled the advancement of computer architecture.
Other players in the supply chain analytics market report include Capgemini SE, Oracle Corporation, SAS Institute Inc., Mu Sigma, Inc., Genpact Limited, Kinaxis Inc., and Sage Clarity Systems, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Service |
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Breakup by Solution |
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Breakup by Deployment |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached a value of around USD 7.61 billion.
The market is projected to grow at a CAGR of 16.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 31.00 billion by 2032.
The market is being driven by increasing globalisation and the growing adoption of supply chain analytics in different applications.
The major trends guiding the market are the increasing adoption of cloud analytics solutions and the rising implementation of advanced technologies such as artificial intelligence and machine learning in supply chain analytics solutions.
The major regional markets for supply chain analytics include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major solutions considered in the market report include planning and procurement, manufacturing analytics, sales and operations analytics, logistics analytics, and visualisation and reporting.
The key players in the market are SAP SE, Salesforce, Inc., IBM Corporation, Capgemini SE, Oracle Corporation, SAS Institute Inc., Mu Sigma, Inc., Genpact Limited, Kinaxis Inc., and Sage Clarity Systems, among others.
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