According to the latest report by IMARC Group “Supply Chain Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global supply chain analytics market size reached US$ 5.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.6 Billion by 2027, exhibiting a growth rate (CAGR) of 17.89% during 2022-2027.
Supply chain analytics refers to a technological solution that collects data and information to provide insights into logistics performance at the procurement, processing, and distribution levels of a product. They assist in risk management, increasing planning accuracy, enhancing order management, streamlining procurement, and increasing return on investment (ROI). They also help maintain inventory records, increase productivity, and standardize different processes.
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The rising usage of cloud-based solutions in small and medium-scale enterprises (SMEs) represents one of the major factors positively influencing the demand for supply chain analytics around the world. In addition, the thriving e-commerce industry is driving the adoption of supply chain analytics to provide real-time information on warehouse management and delivery. Apart from this, industry players are integrating supply chain analytics services with advanced technologies, such as the internet of things (IoT), machine learning (ML), and artificial intelligence (AI). This, in turn, is impelling the growth of the market.
Breakup by Component:
- Demand Analysis and Forecasting
- Supplier Performance Analytics
- Spend and Procurement Analytics
- Inventory Analytics
- Transportation and Logistics Analytics
- Support and Maintenance
Breakup by Deployment Mode:
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium Enterprises
Breakup by Industry Vertical:
- Food and Beverages
- Healthcare and Pharmaceuticals
- Retail and Consumer Goods
- Transportation and Logistics
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Axway, Capgemini SE
- International Business Machines Corporation
- Infor Inc (Koch Industries Inc.)
- Kinaxis Inc.
- Manhattan Associates Inc.
- Microstrategy Incorporated
- Oracle Corporation
- QlikTech International AB
- SAP SE
- SAS Institute Inc.
- Tableau Software LLC (Salesforce Inc.).
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