The latest report by IMARC Group, titled "Supply Chain Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global supply chain analytics market trends. The global supply chain analytics market size reached US$ 6.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.3 Billion by 2028, exhibiting a growth rate (CAGR) of 17.6% during 2023-2028.
Supply chain analytics refers to a technological solution that collects data and information to provide insights into logistics performance at the procurement, processing, and distribution levels of a product. They assist in risk management, increasing planning accuracy, enhancing order management, streamlining procurement, and increasing return on investment (ROI). They also help maintain inventory records, increase productivity, and standardize different processes.
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Supply Chain Analytics Market Trends and Drivers:
The rising usage of cloud-based solutions in small and medium-scale enterprises (SMEs) represents one of the major factors positively influencing the demand for supply chain analytics around the world. In addition, the thriving e-commerce industry is driving the adoption of supply chain analytics to provide real-time information on warehouse management and delivery. Apart from this, industry players are integrating supply chain analytics services with advanced technologies, such as the internet of things (IoT), machine learning (ML), and artificial intelligence (AI). This, in turn, is impelling the growth of the market.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
Software
Demand Analysis and Forecasting
Supplier Performance Analytics
Spend and Procurement Analytics
Inventory Analytics
Transportation and Logistics Analytics
Services
Professional
Support and Maintenance
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Enterprise Size:
Large Enterprises
Small and Medium Enterprises
Breakup by Industry Vertical:
Automotive
Food and Beverages
Healthcare and Pharmaceuticals
Manufacturing
Retail and Consumer Goods
Transportation and Logistics
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Axway, Capgemini SE
International Business Machines Corporation
Infor Inc (Koch Industries Inc.)
Kinaxis Inc.
Manhattan Associates Inc.
Microstrategy Incorporated
Oracle Corporation
QlikTech International AB
SAP SE
SAS Institute Inc.
Tableau Software LLC (Salesforce Inc.).
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