Supply Chain Analytics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Supply Chain Analytics Market
The supply chain analytics market size was reached at a value of USD 8.13 billion in 2023, and the market is now projected to rise from USD 9.46 billion in 2024 to USD 33.45 billion by 2032, exhibiting a CAGR of 17.1% during the forecast period of 2024-2032.
The COVID-19 pandemic has disrupted the raw materials movement or production and finished commodities, led to the reduction of global supply chain analytics market growth. Due to labor shortages and logistics backups, further complicating corporate operations COVID-19 disrupted supply chain management in the e-commerce industry. To address these problems, e-commerce firms use supply chain analytics to monitor critical operations and products.
The rising demand for analytics solutions and big data integration the market is expanding significantly.Due to adoption of artificial intelligence and big data technologies the demand forecasting and streamline production process has been improved leading to the long-term supply chain analytics market growth. The use of big data analytics solutions filled the communication gap between suppliers and manufacturers, hence improved the performance of the supply chain activities of organizations. Moreover, the integration of big data technologies with supply chain analytics solutions is expected to foster supply chain analytics market demand over the projection period.
Additionally, due to blockchain integration to enhance data transparency will drive market growth. Integrating blockchain technology enhances accountability, traceability, and coordination in inventory and procurement processes hence leading market expansion. As a result, blockchain integration improves end-to-end data transparency, accelerating the supply chain analytics market growth.
Comprehensive Analysis of Supply Chain Analytics Market
The supply chain analytics market is rising with an exponential rate due to its market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the supply chain management industry. These segmentations are methodically segregated by types of deployment and by end users. The types of Deployment segment include On-premise and Cloud based, and By Enterprise Type segment include SMEs and Large Enterprises, and By Application segment include Demand Planning, Procurement Analytics, Logistics Analytics, Inventory Analytics, and Others, By Industry segment include Retail & E-commerce, Transportation & Logistics, Healthcare, Manufacturing, Oil & Gas, Automotive, Chemical, and Others.
In the supply chain analytics market, North America region lead the supply devices market with a market size of USD 3.45 billion in 2023 owing to increasing spending on digitizing supply chain operations and presence of large sized enterprises to satisfy customer increasing demand.
The prominent players in the market play a crucial role in the supply chain anlytics industry assuring industrial prospectus growth and setting market standards. These players include, Analytics8, LLC (U.S.), Manhattan Associates (U.S.), SS Supply Chain Solutions Pvt. Ltd. (3SCSolutions) (Netherlands), Mecalux, S.A. (Spain), Sigmoid Analytics (U.S.), Accenture (Ireland), IBM Corporation (U.S.), SAP SE (Germany) SAS Institute Inc. (U.S.) and Oracle Corporation (U.S.) these prominent market players provide a level-playing competitive landscape.
In May 2023, SAP SE collaborated with Microsoft Corporation to develop SAP business AI, an AI powered solution that assists customers in expanding their logistics capabilities to address future supply chain challenges.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 17.1% from 2024 to 2032
Unit Value (USD billion)
Segmentation By Deployment
On-premise
Cloud-based
By Enterprise Type
SMEs
Large Enterprises
By Application
Demand Planning
Inventory Analytics
Procurement Analytics
Logistics Analytics
Others (Order Analytics)
By Industry
Healthcare
Retail & E-commerce
Transportation & Logistics
Automotive
Manufacturing
Oil & Gas
Chemical
Others (Energy & Utility and Pharmaceutical)
By Region
North America (By Deployment, By Enterprise Type, By Application, By Industry, and By Country)
- U.S. (By Industry)
- Canada (By Industry)
- Mexico (By Industry)
Europe (By Deployment, By Enterprise Type, By Application, By Industry, and By Country)
- U.K. (By Industry)
- Germany (By Industry)
- France (By Industry)
- Italy (By Industry)
- Spain (By Industry)
- Russia (By Industry)
- Benelux (By Industry)
- Nordics (By Industry)
- Rest of Europe
Asia Pacific (By Deployment, By Enterprise Type, By Application, By Industry, and By Country)
- China (By Industry)
- Japan (By Industry)
- India (By Industry)
- South Korea (By Industry)
- ASEAN (By Industry)
- Oceania (By Industry)
- Rest of Asia Pacific
Middle East & Africa (By Deployment, By Enterprise Type, By Application, By Industry, and By Country)
- Turkey (By Industry)
- Israel (By Industry)
- GCC (By Industry)
- North Africa (By Industry)
- South Africa (By Industry)
- Rest of the Middle East & Africa
South America (By Deployment, By Enterprise Type, By Application, By Industry, and By Country)
- Brazil (By Industry)
- Argentina (By Industry)
- Rest of South America
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