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The global supply chain analytics market is estimated to grow at a CAGR of 20.07% between 2022 and 2027. The size of the market is forecasted to increase by USD 10,121.6 million. The growth of the market depends on several factors, including the increased need to improve business processes, the rising demand for omnichannel retailing, and the growing need to improve supply chain visibility.The application of analytics in the supply chain can be applied to many industries, such as retail, consumer goods, and manufacturing to accurately anticipate demand and predict and monitor supply and replenishment policies and plan the inventory flow of goods and services.
This report extensively covers market segmentation by end-user (retail, manufacturing, healthcare, transportation, and others), deployment (on-premise and cloud-based), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increased need to improve business processes is notably driving the supply chain analytics market growth. Supply chain analytics enhances business productivity by using several predictive mechanisms and risk-averting models. It helps companies obtain growth opportunities and reduce errors and failure rates in products and services. Thus, supply chain analytics has become a priority for several industrial organizations, which is driving its demand among various manufacturing companies.
A domestic supply chain coordinates business functions in an organization by focusing on integrating supply and demand management in the same country. It also includes the tracking and coordination of the flow of components from the source to the destination. Supply chain analytics helps organizations gain a holistic view of the entire supply chain, measure its performance via customized key performance indicators (KPIs), and identify demand patterns. Companies invest in technologies that help forecast the demand for products in the future. Thus, the growing demand for optimizing the supply chain and increasing investments in technology are likely to boost the growth of the supply chain analytics market during the forecast period.
The increased use of predictive analytics in the supply chain is a key trend influencing the supply chain analytics market growth. Predictive modeling techniques can be customized for a group of customers or an individual customer. This leads to accurate and efficient solutions, which improves the overall efficacy of production while reducing costs.
Predictive analytics helps in the efficient management of the supply chain. It is focused on making projections about relevant events in the future. For example, the vendor-managed inventory (VMI) process is a predictive analytics approach, wherein the customer defines the inventory thresholds. After planning the production and transport of the goods, the supplier informs the customer about the planned delivery. This helps suppliers to manage their inventory effectively and efficiently. Thus, the benefits of predictive analytics are expected to support the growth of the supply chain analytics market during the forecast period.
The implementation challenges may impede the supply chain analytics market growth. Supply chain networks are becoming interconnected at a global level, which makes the application of analytics difficult. The coordination of demand and capacities between suppliers and customers is complex. In addition, the supply chain process involves many key variables, which makes optimization less feasible.Companies have their own planning and data storage systems, which can be incompatible with end-to-end processes and the full transparency of data. Supply chains have become complex over the last few years, as many suppliers have customers across the world. The B2B standards are also evolving, which causes SCM software vendors to support different business processes within a customer supply chain. This has increased the complexity of SCM software solutions, which will negatively affect the global supply chain analytics market over the forecast period.
The market share growth by the retail segment will be significant during the forecast period. The retail segment is in the growth phase, with the emergence of technologies such as big data, IoT, and workflow automation. Vendors in this segment are adopting supply chain analytics to stay competitive in the market.
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The retail segment showed a gradual increase in the market share of USD 1,282.44 million in 2017 and continued to grow by 2021. The use of supply chain analytics is expected to increase during the forecast period, as digital content is being generated across various platforms. The use of analytics solutions helps in content collaboration between vendors, retail stores, suppliers, wholesalers, and end-consumers. Supply chain analytics helps in delivery management, order details management, product sourcing, and vendor management. The adoption of supply chain analytics enables the retail industry to simplify operations and provide improved services to customers. Thus, the demand for supply chain analytics is increasing in the retail sector.
On-premises supply chain analytics solutions are favored for their superior system security over cloud-based options. They are deployed with robust IT infrastructure directly on organizations' premises, providing control over networking systems and data. Vendors like SAP, Oracle, and Infor offer such solutions for supply chain planning, warehouse management, and transportation management. Large enterprises, prioritizing functionality and data security, drive the adoption of on-premises solutions, leading to the segment's growth during the forecast period.
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North America is estimated to account for 39% of the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The growth of the market in North America is driven by factors such as the strong presence of global retailers and supply chain analytics providers. Hence, there is high supply and demand in the region. The region has well-established distribution channels for all types of retail companies. The retail industry provides a competitive environment that enables strong business operations and innovations that intensify efficiency and reliability. The US is a leading country in the supply chain analytics market in North America. The need to increase operational efficiency, reduce the cost of maintaining supply chains in enterprises, and modernize logistics and warehouse operations is driving the demand for supply chain analytics in the US.
The Supply Chain Analytics Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Supply Chain Analytics Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Antuit - The company offers advanced supply chain analytics, which uses artificial intelligence to fill in the gaps.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The supply chain analytics market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Supply Chain Analytics Market Scope |
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Report Coverage |
Details |
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Page number |
178 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 20.07% |
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Market growth 2023-2027 |
$ 10121.6 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
14.09 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 39% |
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Key countries |
US, China, Germany, UK, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
American Software Inc., Antuit Inc., Axway Software SA, Cloudera Inc., Datameer Inc., Infor Inc., International Business Machines Corp., Manhattan Associates Inc., MicroStrategy Inc., Oracle Corp., QlikTech international AB, RELEX Oy, SAP SE, SAS Institute Inc., Savi Technology Inc., Software AG, Tableau Software LLC, TARGIT AS, TIBCO Software Inc., and Voxware Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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