Supply Chain Analytics Market to hit $10 Bn by 2027; Global Market Insights, Inc.
The supply chain analytics market from on-premise deployment is estimated to capture more than 60% share in 2027 owing to several security and cost benefits offered by on-premise supply chain analytics tools and it eliminates the need for connecting to the cloud gateways, mitigating cyber risks.
Selbyville, Delaware, Jan. 27, 2021 (GLOBE NEWSWIRE) --Global Market Insights, Inc. has recently added a new report on the supply chain analytics market which estimates the industry valuation of supply chain analytics will cross US$ 10 billion by 2027. The increasing need to gain critical organizational data and optimize supply chain operations based on a large volume of data is significantly contributing to the market growth.
The inventory analytics solution market is anticipated to grow at more than 13% CAGR from 2021 to 2027. Advanced capabilities including tracking of inventory turnover and transport & warehouse equipment, have contributed to the rising demand. Companies can use this solution to manage their key performance indicators and optimize inventory costs & real-time visibility across the supply chain. With a rise in modernization across supply chains, the demand for inventory analytics solutions is growing significantly over the forecast period.
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The large enterprise segment is projected to witness a growth rate of over 15% through 2027. The majority of enterprises with geographically dispersed production facilities and customer base will require remote visibility across the supply chain. The use of a supply chain analytics platform provides real-time visibility across supply chain operations. Large enterprises can leverage these solutions to mitigate the impact and prevent the disruption before it occurs. The remote visibility and administration capabilities are contributing to the rise in demand from large enterprises.
The increasing demand for a connected and holistic view across supply chain operations is supporting the supply chain analytics market revenue. The enterprise-wide need for data-driven decisions in procurement and production is contributing to the demand for supply chain analytics solutions. Supply chain analytics solution provides access to unstructured data across supply chains, comprehensive visibility, and collaboration between stakeholders. The increasing need for actionable analytical insights and to automate operational workflows are expected to drive the market growth.
The supply chain analytics market from on-premise deployment is predicted to hold above 60% share in 2027. The several security and cost benefits offered by on-premise supply chain analytics tools are contributing to the rising demand. The on-premise deployment eliminates the need for connecting to the cloud gateways, mitigating cyber risks. In addition, companies can connect a particular supply chain analytics platform with the existing ERP systems. Functional capabilities along with effective backup & recovery functions of the supply chain analytics solutions are fueling the segment growth.
The use of supply chain analytics solutions across transport and logistics applications is expected to grow significantly from 2021 to 2027. Transport and logistics companies can leverage analytics tools to reduce the overhead costs and enhance efficiency as they are required to maintain sales & operations along with fleet efficiencies. The supply chain analytics solution can provide a centralized view of the overall logistics & transport operations. This can further enable companies to make proactive decisions to ensure business efficiencies.
Asia Pacific is projected to grow exponentially in the global supply chain analytics market with around 20% CAGR during 2021 to 2027. Consistent growth in the retail, infrastructure, and logistics sectors across countries is poised to boost the regional demand. Additionally, public and private enterprises in the region are emphasizing on analytics solutions to mitigate the impact of supply chain disruptions. For instance, in May 2020, the National Economic and Development Authority of the Philippines launched supply chain analytics tools to monitor and resolve the supply chain disruptions caused by the COVID-19 pandemic. This helped the authority to manage the supply chain operations effectively through in-depth real-time visibility.
Companies operating in the market are focusing on the development of integrated analytics solutions for the supply chain management. For instance, in January 2020, Tecsys, Inc. launched an integrated advanced analytics solution to assist in retail supply chain operations. The company integrated Microsoft’s BI tool with its order management analytics platform. This integration helped the company to ensure cloud-based access to a large volume of data generated by companies and retailers. This launch enabled the company to serve large enterprises with an analytics-based supply chain platform.
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*Some major findings of the supply chain analytics market report include:*
· The growing need for comprehensive visibility and multi-enterprise engagement across the supply chain is contributing to the market growth.
· Protection against data breaches & cybercrimes and remote access across enterprises are supporting technological development in the market.
· North America is expected to hold a major market share for supply chain analytics solutions due to the expansive presence of enterprises and the penetration of supply chain solutions.
· Major players operating in the supply chain analytics market are Blue Yonder Group, Inc., Capgemini SE, IBM Corporation, Infor, Oracle Corporation, and SAP SE.
· Companies operating in the market are focusing on the development of integrated supply chain analytics platforms.
*Partial chapters from the report table of contents (TOC):*
*Chapter 2 Executive Summary*
2.1 Supply Chain Analytics industry 360⁰ synopsis, 2016 – 2027
2.2 Business trends
2.3 Regional trends
2.4 Component trends
2.4.1 Solution trends
2.4.2 Service trends
2.5 Organization size trends
2.6 Deployment model trends
2.7 Application trends
*Chapter 3 Supply Chain Analytics Industry Insights*
3.1 Introduction
3.2 Industry segmentation
3.3 Impact of COVID-19 outbreak
3.3.1 By region
3.3.1.1 North America
3.3.1.2 Europe
3.3.1.3 Asia Pacific
3.3.1.4 Latin America
3.3.1.5 Middle East & Africa
3.3.2 Industry value chain
3.3.2.1 Suppliers
3.3.2.2 Supply Chain Analytics technology providers
3.3.2.3 Marketing & distribution channels
3.3.3 Competitive landscape
3.3.3.1 Strategy
3.3.3.2 Distribution network
3.3.3.3 Business growth
3.4 Supply Chain Analytics industry ecosystem analysis
3.5 Evolution of Supply Chain Analytics technology
3.6 Technology & innovation landscape
3.6.1 Big data integration
3.6.2 IoT
3.6.3 Software-as-a-Service
3.7 Regulatory landscape
3.7.1 Standards on Privacy and Web Analytics (Canada)
3.7.2 Health Insurance Portability and Accountability Act (HIPAA) of 1996 (U
3.7.3 General Data Protection Regulation (EU)
3.7.4 Exception of Text & Data Mining (TDM) in Copyright in Digital Single Market (DSM Draft Directive - EU)
3.7.5 Information Security Technology- Personal Information Security Specification GB/T 35273-2017 (China)
3.7.6 The General Data Protection Law (Brazil)
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Growing e-commerce industry in China and India
3.8.1.2 Increasing penetration of big data in the retail industry in the U.S.
3.8.1.3 Growing proliferation of smartphones in Asia Pacific
3.8.1.4 Increasing competition among retailers and increasing need for differentiation in North America
3.8.1.5 Growing need for analytics maturity in Asia Pacific
3.8.1.6 New generation of highly informed and demanding customers in Europe
3.8.2 Industry pitfalls & challenges
3.8.2.1 Data security and privacy concerns
3.8.2.2 Lack of technical expertise
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
*About Global Market Insights*
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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