Global Supply Chain Analytics Market Trends, Applications, Analysis, Growth, and Forecast to 2027

Global Supply Chain Analytics Market Overview

The global supply chain analytics market was valued at US$ X.X billion in 2022 and is expected to reach US$ X.X billion over the forecast period at a double-digit CAGR of XX.X%.

Supply chain analytics provide meaningful full insights by converting raw business data, which can be used to optimize the supply chain process. Supply chain analytics helps enhance productivity, minimize wastage, inventory forecasting, and enhance customer relationships. Supply chain analytics can help businesses attain stable growth and reduce operational costs and delivery time. Supply chain analytics can be deployed on the basis of on-premise and cloud-based solutions.

Demand for supply chain analytics solutions is primarily driven due to the growing need of organizations to improve supply chain operations and to provide low-cost sourcing and logistics. Increasing adoption in sectors such as consumer goods, retail, manufacturing, automotive, healthcare, etc., are other factors expected to drive demand for the global supply chain analytics market. Furthermore, features such as strategic decision making, high statistical forecast accuracy, real-time updates, and enterprise resource management are other factors expected to drive the growth of the global supply chain analytics market during the forecast period.

A major factor hampering the growth of the global supply chain analytics market is the lack of awareness in developing regions about supply chain analytics products and solutions. In addition, supply chain analytics could be a high-cost product for small-scale and medium-scale enterprises, another factor hampering the global supply chain market growth. Moreover, the increasing adoption of mobile applications-based solutions will likely create opportunities for major vendors in the global market during the forecast period.

North America dominates the supply chain analytics market in terms of revenue and is expected to maintain its dominance during the forecast period. This growth can be attributed to various leading players in this region. The market in the Asia Pacific is expected to register a significant CAGR of XX.X% over the forecast period.

Global Supply Chain Analytics Market Segmentation:

Global supply chain management market segmentation by solution:

• Supply chain planning and procurement
• Sales and Operation Planning (S&OP)
• Manufacturing analytics
• Transportation and logistics analytics
• Visualization and reporting tool

Global supply chain management market segmentation by deployment type:

• On-premise
• Cloud-based

Global supply chain management market segmentation by industry verticals:

• Retail
• Consumer packaged goods
• Healthcare
• Manufacturing
• Transportation and logistics
• Aerospace and defense

Global supply chain management market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa