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Supply Chain Analytics Market Key Players By 2024: MicroStrategy, SAS Institute, Genpact, SAP SE, IBM Corporation, Capgemini, Oracle Corporation, Kinaxis, Sage Clarity Systems, Birst

09-12-2018 09:19 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Global Market Insights

Global Market Insights

Market Overview: -

Supply chain analytics market is segmented based on solutions, deployment models, services, verticals, and regions. By solution type, the market is categorized into sales & operation planning, visualization & reporting tool, planning & procurement, manufacturing analytics, and transportation & logistics analytics. The logistics & manufacturing analytics sector is predicted to witness a high growth owing to the rising need for efficient utilization of resources and reducing the overall costs.

Supply Chain Analytics Market is set to witness high growth over the forecast timeline, owing to the growing volume of data across various industry verticals such as healthcare, transportation, retail, and manufacturing.

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Top Key Players: -

Key players operating in the supply chain analytics market include MicroStrategy, Inc., SAS Institute, Inc., Genpact Ltd., SAP SE, IBM Corporation, Capgemini Group. Other notable players include Oracle Corporation, Kinaxis, Inc., Sage Clarity Systems, and Birst, Inc. The industry is currently witnessing rising investments in sales & distribution channels by major players and partnerships among these players to gain a stronghold in the industry.

Market share calculation in this report is not done based on companies covered in it. The calculation of supply chain analytics market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

North America supply chain analytics market is estimated to occupy the largest market share globally owing to the presence of a large number of solution providers in the region.

Asia Pacific region is predicted to witness a significant growth owing to the increasing implementation of these solutions in the Small and Medium-sized Businesses (SMBs).

Rising awareness of the benefits of the technology, such as real-time updates and statistical forecasting precision across the U.S. and the UK, is predicted to accelerate the supply chain analytics market growth.

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Rising generation of an enormous volume of data coupled with the persistent requirement for an active & efficient database management system is expected to lift the demand for these solutions. Advancements in technology, such as cognitive computing, Internet of Things (IoT), and communication devices, are predicted to create a surge for supply chain solutions. Furthermore, the increasing implementation rate of cloud-based data storage in enterprises is estimated to propel the supply chain analytics market growth.

The increasing adoption of analytics tools has witnessed improvement in supply chain processes such as design, planning, sourcing, production, and delivery & service. This is predicted to positively impact both bottom and top-line enterprise growth, leading to an increase in demand for supply chain analytics market. These solutions enable enhanced strategic decision-making and aid businesses in improving their prevailing position. In addition, the tools present an integrated wider outlook of the current supply chain and facilitate superior sustainability, profitability, and inventory cost reduction. The supply chain analytics market is increasingly used for minimizing material wastage, network reconfiguration, raising the level of services, and managing inventory.

Factors, such as the low visibility of the real-time data and lack of awareness, might hinder the supply chain analytics market growth over the years. The unwillingness in the adoption of new methods to restructure the planning & execution process followed by the insecurities in the product line is anticipated to pose a threat to the industry. High implementation cost coupled with the growing concern about privacy management of industry-specific data in analytics application is the major challenge faced by the players operating in the supply chain analytics market.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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