Supply Chain Analytics market is expected to reach approximately USD 5.48 billion by 2024

MRFR Press Release/- Market research future published a Half cooked research report on Global Supply Chain Analytics Market

Supply Chain Analytics Market Overview:

According to Market Research Future Analysis, Supply Chain Analytics Market is projected to grow from USD 5.48 Billion in 2024 to USD 16.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.93% during the forecast period (2024 - 2032)

According to Market Research Future, the global supply chain analytics market has been segmented into service, solution, deployment, industry vertical and region.

There has been a huge demand of analytics across various industrial domains due to the presence of huge amount of data to churn out the insights in order to make out the necessary decisions. Similar methodology is followed in case of supply chain where the enterprises need to monitor certain factors such as warehouse capacity, logistics and workflow management. The data which is analyzed holds a large amount of data from the customer needs and demands.

On the basis of service the market is segmented into integration and deployment, support, and maintenance and consulting. On the basis of solution, the market is segmented into supply chain planning and procurement, sales and operations planning, manufacturing analytics, transportation and logistics analytics, visualization and reporting tools. To consider, sales and operation planning is expected to lead the market by solution and is expected to continue dominating the market during the forecast period. It is termed as a process in business management where the higher authorities and management try to achieve focus among all the functions of an organization.

On the basis of deployment, the market is segmented into on premise deployment and cloud deployment. The deployment model always asks a question on security and pricing. In terms of security, the on premise deployment is considered suitable and in terms of pricing, the cloud model is suitable. The analytics also helps to forecast the future demand by analyzing the present scenario.

On the basis of industry vertical, the market is segmented into retail, healthcare, automotive and transportation, aerospace & defense, manufacturing and others.

Key Players

Some of the key players in the supply chain analytics market comprise of IBM Corporation (U.S.), MicroStrategy, Inc (U.S.), Tableau Software (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Accenture PLC (Ireland), Genpact (Bermuda), PeopleSoft, Inc (U.S.), JDA Software Group, Inc (U.S.), SAS Institute Inc. (U.S.), Infor, Inc (U.S.), Manhattan Associates (U.S.) among others.

The prominent players constantly keep innovating and investing in research and development in order to present a cost-effective portfolio. There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach their customers