Supply Chain Analytics Market by Component, Software (Supplier Performance Analytics, Demand Analysis and Forecasting, and Inventory Analytics), Services, Deployment Model, Organization Size, Industry Vertical, and Region – Global Forecast to 2025

2020-07-28
Price :
Published : Jul-2020
No. of Pages : 319

Increasing volume and velocity of data to drive the growth of the market

MarketsandMarkets estimates the global supply chain analytics market size to grow from USD 3.5 billion in 2020 to USD 8.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period. The need for precise demand forecasting and analysis tools and adequate efficiencies across the total supply chain process is propelling the growth of the supply chain and analytics industry. However, the lack of skilled personnel would limit the growth of the market.

Need to analyze demand patterns, develop effective production plans, and improve forecast accuracy to drive the adoption of demand analysis and forecasting software solutions

Supply chain analytics software helps business organizations to collect, distill, and analyze the massive generated data. Due to burgeoning data across industries, the software allows companies to interpret and translate the unstructured data into informational insights.  Demand analysis and forecasting is one of the major software in the supply chain analytics market that helps companies forecast the future demands for a product through historical data analysis. Inventory analytics solution enables end users to gain a real-time view of their in-stock data in warehouses. Predictive analytics would be useful in tracking economic indicators, promotions, and discounts to help retailers optimize their supply chain adequately.

Cloud-based supply chain analytics software to gain traction owing to improved agility, scalability, and security

The supply chain analytics software can be deployed on-premises as well as on cloud, as per the business requirement. Cloud-based deployment benefits organizations with increased scalability, speed, 24/7 services, and improved IT security. Owing to an increasing number of applications being deployed over the cloud, there is a shift from traditional on-premises supply chain software to cloud-based supply chain software across enterprises of all sizes. On-premises deployment allows organizations to control all the systems and data, but organizations also have to pay the cost for hardware, software, and other resources used for its maintenance. It also restricts the storage capacity that is needed to maintain new functionalities and technologies.

Supply chain analytics market in APAC to grow at the highest CAGR during the forecast period

The high growth of the supply chain market in Asia Pacific (APAC) is attributed to the flexible economic conditions, industrialization & globalization-motivated policies of governments, and expanding digitalization. Being the home region for technologically advanced countries such as China, India, Japan, South Korea, and Singapore, the growth prospect for advanced supply chain analytics solutions in this region looks sharp. Moreover, the growing traction of the manufacturing industry vertical across China & India and the increasing eCommerce across the APAC region are expected to offer unprecedented opportunities to the supply chain analytics software vendors to sell their solutions in the region. Japan is the world’s third-largest economy, and the country is increasingly investing in new technologies to maintain its position in the global market. The region majorly focuses on four industries, namely, manufacturing, retail, healthcare, and logistics.

In-depth interviews were conducted with the Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the TV analytics market.

  • By Company: Tier 1–22%, Tier 2–30%, and Tier 3–48%
  • By Designation: C-Level–30%, Director Level–45%,and Others–25%
  • By Region: North America–42%, Europe–26%,APAC–20%, and RoW–12%

The supply chain analytics market comprises major solution providers, such as IBM (US), SAP (Germany), SAS Institute (US), Oracle (US), Infor (US), MicroStrategy (US), Tableau (US), Voxware (US), TIBCO(US), Qlik (US), TARGIT (Denmark), AIMMS (Netherlands), Axway (US), Software AG (Germany), Savi Technology (US),Antuit (US), Relex Solutions (Finland), BRIDGEi2i (India), The AnylogicCompany (US), Logility (US), Domo(US), Datameer (US), 1010data (US), Cloudera (US), Rosslyn Analytics (UK), Blue Yonder (US), Manhattan Associates (US), and DataFactZ (US). The study includes an in-depth competitive analysis of these key players in the supply chain analytics market with their company profiles, recent developments, and key market strategies.

Research coverage

The supply chain analytics market revenue is classified primarily into revenues from software and services. The software revenue is associated with software and platform offerings,while the services’ revenue is associated with managed and professional services. The professional services comprise support &maintenance and consulting. The market is also segmented based on software, service, organization size, deployment model, vertical, and region.

Key benefits of the report

The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall supply chain analytics market and the sub segments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.

Filed in: Information Technology
Publisher : marketsandmarkets
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