Supply Chain Analytics Market Outlook Till, 2022 - 2030: Grand View Research, Inc

The global supply chain analytics market size is expected to reach USD 22.46 billion by 2030, registering a CAGR of 17.6% from 2022 to 2030, according to a new study by Grand View Research, Inc. Supply chain analytics is becoming popular as the demand for managing vast volumes of company data and its insights for strategic applications grows. As the demand for automation technologies and investment from technology developers grows, so does the demand for cognitive computing and Artificial Intelligence (AI). The growing awareness among businesses about the advantages of Supply Chain Analytics (SCA) in terms of improved visibility across the whole supply chain is fueling the demand for analytics solutions.

The increased availability of cloud-based SCA solutions has triggered their demand among small & medium enterprises owing to benefits such as easy deployment, shorter implementation window, effective use of IT resources, and flexibility & mobility offered by these solutions. Another notable trend in the market is the increased demand for risk analytics solutions across all industries. Risk analytics solutions address multiple issues associated with the supply chain by analyzing scenario and sensitivity, stochastic optimization, and risk mitigation.

Supply Chain Analytics Market Segmentation

Grand View Research has segmented the global supply chain analytics market based on solution, service, deployment, enterprise size, end use, and region:

Based on the Solution Insights, the market is segmented into Logistics Analytics, Manufacturing Analytics, Planning & Procurement, Sales & Operations Analytics and Visualization & Reporting.

• The sales & operations analytics segment captured a market share exceeding 29% in 2021. The need to optimize resource utilization and cost are vital considerations contributing to the overall segment growth in 2021.
• The client benefits from a flexible and customized supply chain analytics solution that adapts to dynamic requirements while cost-efficiency. This is expected to aid the growth of the sales & operations segment over the forecast period.
• The utilization of big datain supply chain analytics helps improve supply chain and logistics operations, effectively address customer requirements, and enhance customer satisfaction and loyalty.

Based on the Service Insights, the market is segmented into Professional, Support & Maintenance.

• The professional service segment held the highest market share of over 61.5% in 2021. To avoid data loss or theft, professional services must ensure that the new systems are compatible with the existing systems of numerous departments and integrate the new systems with the existing ones, increasing segment growth.
• The support & maintenance segment is anticipated to register a promising CAGR over the forecast period. Third-party support can help you save money while also providing you with the expertise of well-trained and experienced professionals.

Based on the Deployment Insights, the market is segmented into Cloud and On-Premise.

• Technological proliferation has led to large-scale adoption of IoT devices and has subsequently increased the OEM customers’ dependence on cloud-based platforms.
• Cloud-based deployment is also being preferred due to the vast advances in technology. Enterprises based in economies in the Middle East & Africa (MEA) and the Asia Pacific, most developing nations, are expected to prefer solutions deployed on the cloud.

Based on the Enterprise Size Insights, the market is segmented into Large Enterprise and Small & Medium Enterprises.

• The large enterprise segment led the market with the highest revenue share of over 60% in 2021. The increased demand for strong monitoring solutions and automation capabilities for resource allocation and strategic decision-making boosted the growth of the segment.
• The growing adoption of information technology infrastructure by SMEs to enable digital services across different business channels in SMEs is also expected to drive the growth of the segment over the forecast period.

Based on the End-Use Insights, the market is segmented into Retail & Consumer Goods, Healthcare, Manufacturing, Transportation, Aerospace & Defense, High Technology Products and Others.

• Supply chain analytics solutions can help in improving performance as they provide access to real-time data across the value chain and reflect the updates made to any region or any process throughout the organization in real-time.
• As the online retail business grows and retailers compete to provide a seamless delivery experience for customers, organizing an efficient supply chain has become increasingly important.
• The global demand for efficient supply networks is going to be driven by the expanding e-commerce industry, as well as the integration of big data and machine learning into supply chain analytics. Over the forecast period, this is expected to drive the retail & consumer goods segment.

Supply Chain Analytics Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

SAP SE, Oracle Corporation, Accenture PLC, and Aera Technology are some of the leading vendors offering unified software solutions that cater to the various needs of a supply chain. The trend of optimizing the delivery mechanism from the point of production to the point of consumption has prompted enterprises to adopt unified advanced analytics software. The enhancement of supply chain solutions using big data and predictive analytics, leveraging interactive software solutions and functional dashboards, encourages market players to develop advanced supply chain analytics solutions.

Some prominent players in the Global Supply Chain Analytics market include:

• Accenture PLC
• Aera Technology
• Birst, Inc.
• Capgemini SA
• Genpact Limited
• International Business Machines Corporation
• JDA Software Group, Inc.
• Kinaxis
• Lockheed Martin Corporation
• Maersk Group
• Manhattan Associates, Inc.

Order a free sample PDF of the in Supply Chain Analytics Market Intelligence Study, published by Grand View Research.