The global supply chain analytics market size was valued at USD 4.53 billion in 2020 and is estimated to reach USD 16.05 billion by 2028, expanding at a CAGR of 17.1 % during the forecast period, 2021–2028. The growth of the market is attributed to the rising awareness on the benefits offered by supply chain analytics solutions, such as supply chain optimization, forecasting accuracy, and wastage minimization.
Supply Chain Analytics (SCA) refers to managing the right flow of raw materials, processed materials, information, and resources within the network of downstream and upstream organizations. The supply chain can be defined as a network of the flow of products, customer services, financial deliverables, network of information, material, and resources. Management of such multiple relationships in the supply chain in any organization is referred to as supply chain management. The COVID-19 pandemic outbreak has brought a negative impact on SCA industry as it disrupted supply chain management across the globe. The market is expected to recover by the end of 2021 as organizations are resuming their operations from industries and offices.
The report on the global supply chain analytics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Supply Chain Analytics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Deployments (On-premise and Cloud), Enterprise Sizes (Small & Medium Enterprise and Large Enterprise), Solutions (Planning & Procurement, Sales & Operations Analytics, Logistics Analytics, Manufacturing Analytics, and Visualization & Reporting), Services (Support & Maintenance and Professional), and End-users (Transportation, Manufacturing, Healthcare, Retail & Consumer Goods, Aerospace & Defense, High Technology Products, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Manhattan Associates, Inc.; Birst, Inc.; Accenture PLC; Aera Technology; Capgemini SA; Genpact Ltd.; IBM Inc.; Kinaxis; Maersk Group; JDA Software Group; and Lockheed Martin Corp. |
Based on deployments, the global supply chain analytics market is bifurcated into on-premise and cloud. The cloud segment is expected to grow at a rapid pace during the forecast period owing to large-scale customization of products and services for organizations. Furthermore, it gives an organization more control over the infrastructure, servers, and systems that can be implemented and adapted to meet specific business needs, which presents a major factor driving the segment.
On the basis of enterprise sizes, the market is bifurcated into small & medium enterprise and large enterprise. The small & medium enterprise segment is projected to expand at a considerable CAGR during the forecast period attributed to the rising demand for automation capabilities and robust monitoring solutions for strategic decision-making and resource allocation. Moreover, growing adoption of IT infrastructure by small & medium enterprises to enable digital services for different business channels in the sector is expected to fuel the growth of the segment further.
In terms of solutions, the global supply chain analytics market is divided into planning & procurement, sales & operations analytics, logistics analytics, manufacturing analytics, and visualization & reporting. The sales & operation analytics segment is anticipated to hold significant market share in the coming years attributed to the need to optimize resource utilization and minimize cost for respective industries. However, the planning & procurement segment is expected to register a considerable CAGR during the forecast period due to the development of supply chain planning analytics solutions for forecasting product demand.
On the basis of services, the market is bifurcated into support & maintenance and professional. The professional segment is expected to hold account for major market share during the projected timeline owing to growing demand for the analysis and protection of critical data and to obtain professional guidance on new technologies. On the other hand, the support & maintenance segment is anticipated to register considerable CAGR in the coming years due to major demand and implementation of SCA solutions in several sectors.
Based on end-users, the global supply chain analytics market is segmented into transportation, manufacturing, healthcare, retail & consumer goods, aerospace & defense, high technology products, and others. The manufacturing segment is expected to constitute robust market share during the forecast period attributed to pressure for ensuring product availability and timely delivery. However, the retail & consumer goods segment is expected to grow at a significant rate due to integration of machine learning and big data into supply chain analytics, which is likely to boost the demand for effective and efficient supply chains globally.
In terms of regions, the global supply chain analytics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to higher emphasis on the visual representation of operational data in the region. However, the Asia Pacific market is anticipated to expand at a rapid pace during the forecast period attributed to the rising awareness related to the advantages of analytics solutions in numerous enterprises in the region.
The global supply chain analytics market has been segmented on the basis of
Key players competing in the global supply chain analytics market are Manhattan Associates, Inc.; Birst, Inc.; Accenture PLC; Aera Technology; Capgemini SA; Genpact Ltd.; IBM Inc.; Kinaxis; Maersk Group; JDA Software Group; and Lockheed Martin Corp. Some of these players are actively engaged in various market development strategies such as capacity expansion, new product launches, acquisition, partnership, collaboration, and mergers to increase their market share. For instance, in march 2020, Capgemini SA introduced an agreement to acquire WhiteSky Labs, a consultancy firm in Asia Pacific. The acquisition helped the former company to expand its operations across Asia & Australia and its digital transformation capabilities.
In April 2020, IBM Inc. introduced a blockchain-based supplier network solution named IBM Rapid Supplier Connect. Moreover, it helped government agencies and healthcare organizations in the U.S. and Canada to rapidly onboard and identify alternative vendors.
The global supply chain analytics market has been segmented on the basis of
Key players competing in the global supply chain analytics market are Manhattan Associates, Inc.; Birst, Inc.; Accenture PLC; Aera Technology; Capgemini SA; Genpact Ltd.; IBM Inc.; Kinaxis; Maersk Group; JDA Software Group; and Lockheed Martin Corp. Some of these players are actively engaged in various market development strategies such as capacity expansion, new product launches, acquisition, partnership, collaboration, and mergers to increase their market share. For instance, in march 2020, Capgemini SA introduced an agreement to acquire WhiteSky Labs, a consultancy firm in Asia Pacific. The acquisition helped the former company to expand its operations across Asia & Australia and its digital transformation capabilities.
In April 2020, IBM Inc. introduced a blockchain-based supplier network solution named IBM Rapid Supplier Connect. Moreover, it helped government agencies and healthcare organizations in the U.S. and Canada to rapidly onboard and identify alternative vendors.
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