Global Supply Chain Analytics Market- Trends, Price, Share and Growth Rate from 2018 to 2024

The market study covers the Supply Chain Analytics Market crosswise segments. It purposes at estimating the market size and the growth prospective of the market segments, such as supplier, application, organization size, business vertical, and region. The study also includes a detailed competitive analysis of the key players in the market, along with their enterprise profiles, key observations related to product and industry offerings, new developments, and key market plans. The global supply chain analytics market is projected to grow at a CAGR of 13.12% over the forecast period of 2018-2024.

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Supply Chain Analytics Market: Industry Insights

Supply chain analytics is the application of mathematics, statistics and machine-learning techniques to find meaningful patterns and knowledge in order, shipment and transactional and sensor data. Supply Chain Analytics helps to improve operational efficiency and effectiveness by enabling data-driven decisions at strategic, operational and tactical levels. Supply chain analytics improves forecasting and efficiency.

Supply Chain Analytics Market: Drivers and Restraints

Consumer awareness is growing regarding the benefits of supply chain analytics solutions, which drives the market. In manufacturing industry, supply chain analytics helps to make all that inventory, raw materials, and work-in-progress to satisfy more customers, without associated increases in stock levels. Supply chain moves the material more quickly that serve to reduce inventory levels. Supply chain analytics solutions facilitate better and strategic decision making and help organizations in strengthening their market position. Organizations are particularly adopting these solutions owing to their enhanced decision-making capabilities for technology, organizational infrastructure. It optimizes the return on investment which is one of the driving factors of supply chain analytics market. Supply chain analytics data is not secured all the time. It can be hacked, and which is a major loss and disadvantage of supply chain analytics.

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Supply Chain Analytics Market: Segmentation

Supply chain analytics is segmented on the basis of solutions, development, and end user. On the basis of solutions, the market is segmented as visualization & reporting, logistics analytics, sales & operations analytics, manufacturing analytics, and planning & procurement. On the basis of development, the sub-markets include on-premise and cloud. Cloud supply chain analytics has benefits like Lower Total Cost of Ownership, Improved Connectivity, Seamless Upgrades, and Data Redundancy. On-premise supply chain analytics has benefits like Better Sense of Control, Deeper Customization Options. On the basis of the end user, the markets segmented as healthcare, transportation, retail & consumer goods, manufacturing, aerospace & defence, and others.

Supply Chain Analytics Market: Regional Insights

By the geographic region, North America has the largest market share of supply chain analytics market. In this region, there are several providers of supply chain analytics solutions. The demand for supply chain analytics is more in this region due to which supply chain analytics market is growing in this region. After North America, Asia-Pacific is the second largest market for supply chain analytics. Demand for supply chain analytics is growing in this region because Small and Medium Enterprises are growing in this region. Awareness about the benefits of supply chain analytics is increasing in this region.

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Supply Chain Analytics Market: Competitive Analysis

The top market players in the supply chain analytics market are Manhattan Associates, Inc., JDA Software Group, Inc., SAS Institute Inc., Oracle Corporation, Maersk Group, Capgemini SA, Tata Consultancy Services Ltd, Accenture PLC, Aera Technology, and Lockheed Martin Corporation among others.

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