$7.1 Bn Supply Chain Analytics (Software and Services) Market - Global Forecast to 2023

News provided by

Feb 11, 2019, 08:45 ET

DUBLIN, Feb. 11, 2019 /PRNewswire/ --

The "Supply Chain Analytics Market by Software (Supplier Performance Analytics, Demand Analysis and Forecasting, and Inventory Analytics), Services, Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

This research estimates the global supply chain analytics market to grow from USD 3.6 billion in 2018 to USD 7.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.

The supply chain analytics market is segmented based on components (software and services), deployment models, organization size, industry verticals, and regions. The supply chain analytics vendors are offering various software, such as demand analysis and forecasting, supplier performance analytics, spend and procurement analytics, inventory analytics, and transportation and logistics analytics.

The inventory analytics software witnessed an increased demand across various industry verticals, owing to optimized inventory levels to enhance the sales performance to improve cost exposure, maintain optimum inventory, and increase turnover. Cloud-based supply chain analytics software is gaining traction across various industries; with growing digitalization, the demand for agility is also rising.

The Small and Medium sized Enterprises (SMEs) are inclining toward cloud-based solutions with their shift from CAPEX and OPEX. Large enterprises continue to dominate throughout the forecast period with their aim to increase the company's overall productivity and efficiency by adopting advanced analytics solutions.

Among industry verticals, the retail and consumer goods industry vertical is expected to garner the highest revenue due to the proliferation of eCommerce industries across regions. With the availability of AI-enabled supply chain analytics solutions, the demand for supply chain analytics tools is expected to increase further. The automotive industry vertical is expected to grow at the highest CAGR during the forecast period.

North America is expected to hold the largest market size in the overall supply chain analytics market, followed by Europe, owing to the technological upgradations in these regions. The adoption rate of supply chain analytics platform and software is increasing in APAC, MEA, and Latin America due to the increasing amount of business data across various industry verticals in these regions.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Supply Chain Analytics Market
4.2 Supply Chain Analytics Market Share, By Component
4.3 Supply Chain Analytics Market, By Deployment Model
4.4 Supply Chain Analytics Market, By Industry Vertical
4.5 Supply Chain Analytics Market, By Region

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Increasing Volume and Velocity of Data
5.1.1.2 Need to Enhance Operational and Supply Chain Efficiencies
5.1.1.3 Advent of AI and Machine Learning Into Supply Chain Management
5.1.2 Restraints
5.1.2.1 Growing Concerns for Data Security Across Enterprises
5.1.2.2 Inaccuracies in Data Sets
5.1.3 Opportunities
5.1.3.1 Increasing Adoption of Cloud-Based Supply Chain Analytics
5.1.3.2 Increasing Awareness Toward the Adoption of Supply Chain Solutions
5.1.4 Challenges
5.1.4.1 Lack of Skilled Personnel
5.1.4.2 Reluctance to Adopt Advanced Analytical Technologies
5.2 Industry Trends
5.2.1 Technology Types
5.2.2 Supply Chain Analytics: Use Cases
5.2.2.1 Use Case #1: Optimizing Inventory Management
5.2.2.2 Use Case #2: Identifying Out-Of-Stock Instances
5.2.2.3 Use Case #3: Improve the Distribution of Products to the Target Audiences
5.2.3 Analytics Types
5.2.4 Ecosystem

6 Supply Chain Analytics Market, By Software
6.1 Introduction
6.2 Demand Analysis and Forecasting
6.2.1 Advancements in Machine Learning and Artificial Intelligence to Accelerate the Adoption for Demand Analysis and Forecasting Software
6.3 Supplier Performance Analytics
6.3.1 Need for A Unified Account of Suppliers to Drive the Market Growth
6.4 Spend and Procurement Analytics
6.4.1 Need for Better Control Over Expenditures to Trigger the Growth of the Spend and Procurement Analytics Software
6.5 Inventory Analytics
6.5.1 Need for Managing Inventory Levels During Peaks and Troughs to Trigger the Unprecedented Growth of the Inventory Analytics Software
6.6 Transportation and Logistics Analytics
6.6.1 Gaining Real-Time Visibility Into Global and Domestic Shipping and Executing Transportation Plans Seamlessly to Propel the Growth of the Transportation and Logistics Analytics Software

7 Supply Chain Analytics Market, By Service
7.1 Introduction
7.2 Managed Services
7.2.1 Post Deployment of Software, the Need for Cost-Effective Services Drives the Managed Services Market
7.3 Professional Services
7.3.1 Consulting Services
7.3.1.1 Need for Enhancing the Strategic Outlook of Organizations to Drive the Growth of the Consulting Services Segment
7.3.2 Support and Maintenance Services
7.3.2.1 Initial Need for Support and Maintenance During Pre-Installation and Post-Installation to Trigger the Growth of Support and Maintenance Services
7.3.3 Deployment and Integration Services
7.3.3.1 Need for Integrating Advanced Analytical Solutions With Existing/Traditional Services to Drive the Growth of Deployment and Integration Services

8 Supply Chain Analytics Market, By Deployment Model
8.1 Introduction
8.2 On-Premises
8.2.1 Need for Better Control Over Confidential Data to Propel the Adoption of On-Premises Solutions
8.3 Cloud
8.3.1 Focus on Improved Agility and Return on Investment to Drive the Adoption of the Cloud Deployment Model

9 Supply Chain Analytics Market, By Organization Size
9.1 Introduction
9.2 Small and Medium-Sized Enterprises
9.2.1 Small and Medium-Sized Enterprises to Adopt the Pay-As-You-Go Model to Flexibly Manage the It Infrastructure as Per Their Requirements
9.3 Large Enterprises
9.3.1 Supply Chain Analytics to Help Large Organizations Reduce Infrastructure Costs, Improve Business Functioning, and Sustain Intense Competition

10 Supply Chain Analytics Market, By Industry Vertical
10.1 Introduction
10.2 Automotive
10.2.1 Advance Research Taking Place Around Autonomous Cars to Be A Potential Opportunity Awaiting for Supply Chain Analytics Vendors
10.3 Retail and Consumer Goods
10.3.1 Inventory Planning and Optimization, Reduction in Logistics and Transportation Costs, and Enhanced Overall Profitability to Organizations to Drive the Adoption of Supply Chain Analytics
10.4 F&B Manufacturing
10.4.1 Need for Better Inventory Optimization to Trigger the Growth of the F&B Manufacturing Industry Vertical
10.5 Machinery and Industrial Equipment Manufacturing
10.5.1 Companies to Harness the Power of Digitalization to Streamline Operations for Meeting the Business Needs
10.6 Pharmaceuticals
10.6.1 Need to Improve Supply Chain Efficiency Due to Increase in Drug Patent Expirations and Decreased Profit Margins
10.7 Government
10.7.1 Supply Chain Analytics Solutions Provide Spend and Procurement Analytics Capabilities That Empower Government Agencies to Minimize Price, Optimize Performance, and Achieve Socio-Economic Goals
10.8 Energy and Utilities
10.8.1 Organizations Catering to the Energy and Utilities Industry Vertical to Deal With Government Policies, Tax Initiatives, and Subsidies to Promote Energy Conservation and Demand Reduction

11 Supply Chain Analytics Market, By Region

12 Competitive Landscape

1010data
Aimms
Antuit
Axway
Bridgei2i
Cloudera
Dataiku
Domo
IBM
Infor
Logility
Microstrategy
Oracle
Qlik
Relex Solutions
Rosslyn Analytics
SAP
SAS Institute
Savi Technology
Software AG
Tableau
Targit
The Anylogic Company
Tibco Software
Voxware

For more information about this report visit https://www.researchandmarkets.com/research/g5nr58/7_1_bn_supply?w=5

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets