According to a recent analysis, the global supply chain analytics market size was valued at USD 3.41 Billion in 2020 and is forecast to reach USD 13.52 Billion at a CAGR of 18.9% through 2028. The market growth is driven by increasing adoption of supply chain analytics across various industry verticals to enhance decision-making capabilities.
Companies catering to various industries are investing significantly to enhance their supply chain and operational efficiencies. Increasing focus on digitizing business models is expected to offer lucrative opportunities for the supply chain analytics market growth. Increasing adoption of supply chain analytics for enhanced decision-making capabilities and to reduce inventory costs will boost industry growth over the analysis period. However, concerns regarding data security and privacy may hamper supply chain analytics market expansion to some extent in the upcoming years.
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Some Key Highlights in the Report
- Based on deployment, the cloud segment is expected to account for a major chunk of the global supply chain market over the analysis period on account of high adoption rate of cloud-based supply chain analytics solutions across various end-use industry verticals.
- Based on solution type, the demand analysis and forecasting segment is expected to gain major traction through 2028. The robust growth of the segment can be attributed to the increasing integration of demand analysis & forecasting solutions among end-users to reduce inventory cost.
- Based on end-use, the manufacturing segment is forecast to contribute significantly to the supply chain analytics market revenue share through 2028 on account of large-scale adoption of supply chain analytics in the manufacturing sector.
- In the regional landscape, North America is expected to be a leading market for supply chain analytics on account robust presence of international supply chain analytics solutions providers such as TIBCO Software Inc., Cloudera, Inc. Oracle Corporation, MicroStrategy Incorporated, and others in the region.
- Key players operating in the global supply chain analytics market include SAP SE, TIBCO Software Inc., Oracle Corporation, QlikTech Inc., Cloudera, Inc., MicroStrategy Incorporated, International Business Machines Corporation, Capgemini SE, Savi Technologies, Inc., and Accenture PLC, among others.
- In 2019, Cloudera, Inc., the enterprise datacloud company acquired Arcadia Data Inc. The acquisition has better positioned Cloudera to boost time-to-insight for data analytics.
Emergen Research has segmented the global supply chain analytics market on the basis of deployment, component, solution, end-use, and region:
- Deployment Outlook (Revenue, USD Billion; 2018–2028)
- Cloud
- On-premises
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Services
- Solution
- Solution Outlook (Revenue, USD Billion; 2018–2028)
- Supplier performance analytics
- Inventory analytics
- Demand analysis and forecasting
- Spend & procurement analytics
- Transportation & logistics analytics
- End-use Outlook (Revenue, USD Billion; 2018–2028)
- Manufacturing
- Healthcare
- Transportation
- Retail
- Aerospace & Defense
- Consumer Goods
- Others
- Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
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