Supply Chain Analytics Market Size, Share Report, Analysis, Trends, Growth 2032

Global Supply Chain Analytics Market Overview

The global Supply Chain Analytics Market size was worth around USD 6.27 Billion in 2023 and is predicted to grow to around USD 26.14 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 17.20% between 2024 and 2032.

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Supply chain analytics is the combination of mathematics, predictive modeling, statistics, and machine-learning techniques to discover meaningful patterns and knowledge in overall supply chain data. The primary objective of supply chain analytics is to increase efficiency,  forecast, and be more responsive to consumer needs. For example, applying predictive analytics to point-of-sale terminal data which is stored in a demand signal store can help organizations to anticipate customer demand, which further leads to inventory cost-saving and faster delivery.

The report covers forecasts and analyses for the supply chain analytics market size on a global and regional level. The study includes drivers and restraints for the supply chain analytics market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the supply chain analytics market on a global level.

The global supply chain is useful for the maintenance and development of the future economy, it is useful for the day-to-day basic necessities like food and fuel to luxurious goods, supply chain analytics used data analytics to enhance and support the supply chain management. Due to the large and complex organizational type supply chain maintains the big data of information to understand the requirement understanding trends and efficiencies and insightful development.

It can be helpful in the maintenance, operations, and optimization of the supply chain. The growth of the e-commerce industries will help to drive the supply chain market and due to the higher demand and inventory, the supply chain analytics market will grow significantly.

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Supply Chain Analytics Market Growth Dynamics

Increasing the volume of business data across various industries, such as manufacturing, retail, consumer goods, transportation, and healthcare is compelling organizations to use supply chain analytics solutions for converting unrefined data into meaningful insights. Growing popularity of big data in supply chain management is further expected to propel the growth of supply chain analytics market across the globe. Big data analytics is providing a great amount of clear and accurate insights to the supplier networks which helps to share contextual intelligence across supply chains. Furthermore, advancements in the development of IoT sensors used in the supply chain are anticipated to drive the global supply chain analytics market in the years to come. IoT sensors can readily connect to the internet world and are inexpensive as compared to other devices and sensors such as programmable logic controllers which have either internet or Ethernet LAN connectivity. However, high implementation costs together with rising concern about security and privacy of supply chain data are restraining the growth of supply chain analytics market. 

In order to give the users of this report a comprehensive view of the supply chain analytics market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the supply chain analytics market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.

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Global Supply Chain Analytics Market Drivers and Restraints

The supply chain analytics market has experienced tremendous growth in recent years due to the increasing demand for supply chain visibility by organizations. Stakeholders in the supply chain need real-time information to make informed decisions and remain competitive. Companies are investing heavily in supply chain analytics technology to improve supply chain planning and performance, gain greater insights into supply chain networks, reduce supply chain risks, and optimize the overall supply chain process. Additionally, the emergence of big data and advanced analytics technologies is enabling more efficient supply chains by providing predictive analysis on customer demand, supply forecasting, inventory optimization, and supply network design. The availability of such insights is driving the global supply chain analytics market growth further.

The global supply chain analytics market is projected to grow significantly. This growth is driven by an increasing focus on supply chain optimization, improved visibility across supply chains, and predictive supply chain analytics solutions. Companies are turning to supply chain analytics platforms and software solutions to give them an edge by providing better insights into supply chain management, procurement practices, and production processes while decreasing supply chain inefficiencies. Additionally, manufacturers are leveraging supply chain analytics technology to optimize their delivery capabilities through better transportation planning as well as streamline their warehouse management activities with next-generation improvements including automation. Clearly, the increasing adoption of data-driven supply chain management strategies across many industries is acting as a key accelerator for the global supply chain analytics market.

Global Supply Chain Analytics Market Segmentation Analysis

Supply chain analytics market is segmented based on the solution, end-user, and region. Solution segment included in this market are logistics analytics, manufacturing analytics, sales & operations analytics, supply chain planning and procurement, and visualization & reporting. Among solutions, logistics analytics segment witnessed a significant growth in the global supply chain analytics market. Logistics analytics solution helps in profit maximization and enhances the capabilities of the supply chain by managing inventory and distribution of finished goods in a cost-effective manner. The end-user segment includes transportation & logistics, manufacturing, retail & consumer goods, healthcare, aerospace & defense, and others.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further divided into major countries including the U.S., France, the UK, Germany, China, India, Japan, and Brazil.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among region, Asia Pacific is expected to have the highest growth rate in the global supply chain analytics market. The Asia Pacific is the fastest growing region in the e-commerce and logistics landscape. The rise of the middle-class population, increasing investments of new e-commerce players, deeper mobile and internet penetration, and increasing logistics option in the ecosystem have contributed to the growth of logistics and e-commerce industry in this region.

Report Scope:

Global Supply Chain Analytics Market Players Analysis

The report covers a detailed competitive outlook including company profiles of the key participants operating in the global supply chain analytics market. Key players profiled in this report include-

• IBM Corporation
• SAS Institute Inc.
• SAP SE
• Kinaxis Inc.
• MicroStrategy Inc.
• Oracle Corporation
• Sage Clarity Systems
• Birst
• Genpact Ltd.
• Capgemini Group
• among others.

The report segments the global supply chain analytics market as follows:

Global Supply Chain Analytics Market: Solution Segment Analysis

• Logistics Analytics
• Manufacturing Analytics
• Sales & Operations Analytics
• Supply Chain Planning and Procurement
• Visualization & Reporting

Global Supply Chain Analytics Market: End-User Segment Analysis

• Transportation & Logistics
• Manufacturing
• Retail & Consumer Goods
• Healthcare
• Aerospace & Defense
• Others

Global Supply Chain Analytics Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provide

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.