Supply Chain Analytics Market Scope and Overview
The Supply Chain Analytics Market is experiencing significant growth, driven by the optimization of business operations and the need for real-time visibility into the supply chain. Valued at USD 8.02 billion in 2023, the market is expected to reach USD 33.45 billion by 2032, growing at a CAGR of 17.2% from 2024 to 2032.
Several factors are contributing to the growth of the supply chain analytics market:
- Increasing Supply Chain Complexity: Globalization and the rise of digital channels have increased the complexity of supply chains, necessitating advanced analytics solutions for inventory tracking, production process monitoring, and logistics optimization.
- Growing Customer Demands: Consumers’ expectations for faster delivery and greater transparency regarding product origin and manufacturing processes are increasing. Supply chain analytics can help ensure timely delivery and provide real-time order tracking for customers.
- Technological Advancements: Technologies such as Artificial Intelligence (AI), Big Data, and the Internet of Things (IoT) are transforming supply chain management. Supply chain analytics solutions leverage these technologies to develop valuable insights from data, enabling businesses to make data-driven decisions to improve efficiency and reduce costs.
Some of the Key Players Studied in this Report are:
- IBM
- Cloudera
- Software AG
- SAS Institute
- SAP
- MicroStrategy
- Tableau
- Qlik
- Logility
- Savi Technology
- Oracle
- Infor
- Antuit
- RELEX Solutions
- TIBCO
- TARGIT
- Voxware
- The AnyLogic Company
- Hum Industrial Technology
- SS Supply Chain Solutions
- Manhattan Associates
- Axway
- Datameer
- AIMMS
- Salesforce
- Zebra Technologies
- Dataiku
- DataFactZ
- Others
Recent Developments and Collaborations
- Snowflake’s Manufacturing Data Cloud: Snowflake, a leader in data cloud services, announced the general availability of its Manufacturing Data Cloud. This platform helps manufacturers and their partners or suppliers collaborate better on supply chain performance and smart manufacturing initiatives across sectors such as automotive, technology, and industrial.
Cloud Deployment Dominance
The cloud deployment segment continues to dominate the market, holding a market share of more than 64% in 2023. This dominance is attributed to the benefits of cloud-based solutions, including scalability, cost-effectiveness, and security.
Manufacturing Sector Leading in Efficiency
By application type, the manufacturing sector contributed over 25% of the market share in 2023. The complexity of manufacturing processes—from raw material procurement to production and delivery of finished products—requires real-time data insights and advanced analytics capabilities. These insights optimize operations and ensure smooth production flows. Manufacturers increasingly recognize the value of data-driven insights in optimizing their operations and improving efficiency, providing a competitive advantage in the global marketplace.
Market Segmentation and Sub-Segmentation Included Are:
By Component
- Software
- Services
By Deployment Mode
- Cloud
- On-premises
By Solutions
- Includes Demand Analysis and Forecasting
- Supplier Performance Analytics
- Spend and Procurement Analytics
- Inventory Analytics
- Distribution Analytics
By Organization Size
- Large Enterprises
- SMEs
By Services
- Professional Services
- Managed Services
By Vertical
- Automotive
- Retail & Consumer Goods
- F&B Manufacturing
- Machinery & Industrial Equipment Manufacturing
- Pharmaceutical
- Government
- Energy & Utilities
Regional Analysis of the Supply Chain Analytics Market
North America held the largest share of the Supply Chain Analytics Market, accounting for more than 38% of the market in 2023. The inherent complexity of corporate processes in this region drives the focus on operational data visualization. Next-generation visualization tools enable companies to view the health of their supply chain instantaneously from a data-driven perspective, enhancing strategic decision-making. Major retailers and e-commerce companies like Amazon, Walmart, and Target are keenly interested in supply chain analytics to optimize their extensive logistic networks, particularly in inventory management, demand forecasting, and last-mile delivery efficiency.
Key Points of the Supply Chain Analytics Market
- The growth rate of the supply chain analytics market is increasing rapidly due to rising supply chain complexity and customer demand.
- Technological advancements, including AI, Big Data, and IoT, are driving the development of innovative supply chain analytics solutions.
- Cloud deployment leads the market, offering scalability, flexibility, and cost-effectiveness.
- The manufacturing sector is the largest adopter of supply chain analytics solutions, leveraging them to enhance production processes for better performance and efficiency.
- The increasing need for data-driven decision-making and supply chain visibility will further drive the growth of the market during the forecast period.
Table of Contents
- Introduction
- Industry Flowchart
- Research Methodology
- Market Dynamics
- Impact Analysis
- Impact of Ukraine-Russia war
- Impact of Economic Slowdown on Major Economies
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Supply Chain Analytics Market Segmentation, By Component
- Supply Chain Analytics Market Segmentation, By Deployment Mode
- Supply Chain Analytics Market Segmentation, By Solutions
- Supply Chain Analytics Market Segmentation, By Organization Size
- Supply Chain Analytics Market Segmentation, By Services
- Supply Chain Analytics Market Segmentation, By Vertical
- Regional Analysis
- Company Profile
- Competitive Landscape
- USE Cases and Best Practices
- Conclusion
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