About Supply Chain Analytics
Supply chain analytics helps in improving operational efficiency by deploying various techniques such as predictive modelling, machine learning and others mathematical and statistical tools. Existing supply chain analytics does not guarantee effective modeling of trade-offs, supply chain cycles, profitability and proper inventory management. Also,
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 15.3% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Supply Chain Analytics market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SAS Institute Inc. [United States], SAP SE [Germany], IBM Corporation [United States], Oracle Corporation [United States], Sage Clarity Systems [United States], Kinaxis Inc. [ Canada], MicroStrategy Inc. [United States], Genpact Ltd. [United States], Capgemini Group [France] and Birst [United States] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Software AG [Germany], Tableau [United States], Qlik [United States], TIBCO [United States], Cloudera [united States], Logility [United States], Savi Technology [United States], Infor [United States], RELEX Solutions [Finland], TARGIT [Denmark], Voxware [United States], The AnyLogic Company [United States], Antuit [United States], Axway [United States] and AIMMS [Netherlands].
Segmentation Overview
AMA Research has segmented the market of Global Supply Chain Analytics market by Type (Logistics Analytics, Manufacturing Analytics, Planning & Procurement, Sales & Operations Analytics and Visualization & Reporting) and Region.
On the basis of geography, the market of Supply Chain Analytics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Retail & Consumer Goods will boost the Supply Chain Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. Large Enterprise will boost the Supply Chain Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Type, the sub-segment i.e. Cloud will boost the Supply Chain Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Cloud Based Supply Chain Analytics and Use of Big Data to Ease the Supply Chain Analytics
Market Growth Drivers:
Growing Need to Enhance Operational and Supply Chain Efficiencies and Huge Data Influx in Supply Chain Demands Effective Analytics Solutions
Challenges:
Lack of Skilled Workforce to Manage the Services and Low Adoption of Advanced Analytical Technologies Owing to Unwillingness Among Enterprise
Restraints:
Issues Related with Data Security and Lack of Accuracy and Reliability in Data Sets
Opportunities:
Emergence of AI and Machine Learning in Supply Chain Management
Recently, in October 2018, IBM released AI powered Watson supply chain insight. The company said that Watson is able to integrate data from weather, traffic and regulatory reports to provide complete viewpoint for global supply chain issues. IBM supply chain solutions vice president, strategy and offering management said that as per IBM’s Institute of Business Value Global Chief Supply Chain Officer (CSCO) Study, 84% of chief supply chain officers say that the lack of data visibility stands as a top c
Key Target Audience
Supply Chain Analytics Service Providers, Logistics Firms, Government Agencies, Research Institutes, Potential investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.