Growing Awareness To Drive The Development Of The Global Supply Chain Analytics Market

Author : Acumen Research and Consulting

The global supply chain analytics market is segmented into solution, service, deployment, enterprise size and region. On the basis of solution, the global supply chain analytics market is classified as logistics analytics, manufacturing analytics, planning & procurement, sales & operations analytics, and visualization & reporting. On the basis of service, the global supply chain analytics market is bifurcated into professional and support & maintenance. On the basis of deployment, the global supply chain analytics market is bifurcated into cloud and on premise. On the basis of enterprise size, the global supply chain analytics market is categorized as large enterprise, and small & medium enterprises. On the basis of end-use, the global supply chain analytics market is classified as retail & consumer goods, healthcare, manufacturing, transportation, aerospace &defense, high technology products, and others. On the basis of region the global Supply chain analytics market is bifurcated into Europe, Latin America, North America, Middle East & Africa, and Asia Pacific.

There are certain advantages attached to these solutions increasing their demand. They have upgraded basic leadership abilities for technology, strategic alliances, enterprise resource management and organizational infrastructure. Moreover, the medium to small enterprises have the highest demand among others. These solutions encourage better and key basic leadership and help associations in fortifying their market position, optimizing return on investment, and quickening the development by utilizing acquired bits of knowledge.

Interestingly, the development in mobile- based solutions is expected to augment development opportunities for this market. Rising awareness about points of need offered by production network investigation is empowering the selection of these arrangements crosswise over numerous industries.

It is anticipated that the global supply chain analytics market will grow at a CAGR of 15.5% and reach a market size of USD 10.7 billion by the year 2026.

However, there are certain underlying threats than can constrain the development of this market such as concerns regarding information security.

Here are some more points to explain about the global supply chain analytics market:

  • In terms of income, the leader of the market was North America with its contribution of USD 1.3 billion in 2018 owing to the nearness of a few significant suppliers of the supply chain analytics solutions.
  • Development in the Asia Pacific region is highly anticipated in the forecast period owing to the increasing awareness among enterprises about favorable circumstances of investigation arrangements.
  • Some of the major players operating in the global market include Manhattan Associates, Inc., Accenture PLC, Aera Technology,Maersk Group, Birst, Inc.,Lockheed Martin Corporation,Capgemini SA,JDA Software Group, Inc.,IBM,Genpact Limited,and Kinaxis.

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