According to a new report by Expert Market Research titled, “Global Supply Chain Analytics Market Share, Size, Report and Forecast 2024-2032″, the global supply chain analytics market size reached a value of USD 7.61 billion in 2023. Aided by factors including the integration of advanced analytics technologies and the increasing emphasis on data-driven decision-making across sectors, the market is projected to further grow at a CAGR of 16.90% between 2024 and 2032 to reach a value of USD 31.00 billion by 2032.
Supply chain analytics involves the application of data analysis tools and techniques to improve the operational efficiency and effectiveness of supply chains. This field encompasses a variety of analytics, including predictive, prescriptive, and descriptive analytics, which help organisations anticipate future scenarios, prescribe optimal strategies, and describe past performance, respectively.
Globalisation and the expansion of e-commerce have significantly increased the complexity of supply chains. Companies are turning to analytics solutions to gain a clearer understanding and better control of their supply chain processes, consequently driving up the supply chain analytics market share.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/supply-chain-analytics-market/requestsample
Nowadays, consumers demand greater transparency in the supply chain. Analytics helps companies track and visualise data across every phase of the supply chain, ensuring compliance with regulatory standards and improving customer trust.
The advent of AI, machine learning, and IoT has revolutionised supply chain management. These technologies enable real-time data collection and analysis, leading to more accurate forecasting and inventory management, leading to supply chain analytics market development.
There is an anticipation of significant progress in logistics analytics in the coming forecast period. The reason behind this growth is the vital role it plays in establishing links between transportation networks, enabling the prediction of market demand, and identifying strategic locations for product supply. By effectively utilising big data in supply chain analytics, organisations can also enhance their supply chain and logistics operations, effectively cater to changing customer requirements, and enhance customer satisfaction and loyalty.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/supply-chain-analytics-market
As per the supply chain analytics market analysis, The North American region, particularly the United States and Canada, dominates the market due to its robust technological infrastructure and the presence of major market players. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period. This growth can be attributed to the increasing adoption of advanced technologies and improvements in the industrial sector in countries like China, India, and Japan.
Europe also holds a significant share of the market, driven by its advanced manufacturing and automotive sectors. The emphasis on sustainability and efficiency in European supply chains has further boosted the adoption of analytics solutions in the region.
Market Segmentation
The market can be divided based on the service, solution, deployment, and region
Market Breakup by Services
• Professional
• Support and Maintenance
Market Breakup by Solution
• Planning and Procurement
• Manufacturing Analytics
• Sales and Operations Analytics
• Logistics Analytics
• Visualisation and Reporting
Market Breakup by Deployment
• On-Premises
• Cloud
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global supply chain analytics market. Some of the major players explored in the report by Expert Market Research are as follows:
• SAP SE
• Salesforce, Inc.
• IBM Corporation
• Capgemini SE
• Oracle Corporation
• SAS Institute Inc.
• Mu Sigma, Inc.
• Genpact Limited
• Kinaxis Inc.
• Sage Clarity Systems
• Others
Read More Trending Reports
Australia Chatbot Market: https://www.expertmarketresearch.com/reports/australia-chatbot-market
Europe Cement Market: https://www.expertmarketresearch.com/reports/europe-cement-market
Narcotics Scanner Market: https://www.expertmarketresearch.com/reports/narcotics-scanner-market
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact
Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
Aus Site: https://www.expertmarketresearch.com.au
