Supply Chain Analytics Market Is Projected To Reach $15.61 Billion by 2028 | CAGR: 17.5% : PMR

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Dec 07, 2021, 07:30 ET

NEW YORK, Dec. 7, 2021 /PRNewswire/ -- The global supply chain analytics market size is expected to reach USD 15.61 billion by 2028 according to a new study conducted by Polaris Market Research. The market is expected to expand at a CAGR of 17.5% from 2021-2028. Key factors projected to boost demand for the global market include increased adoption in sectors such as retail, consumer goods, automotive, manufacturing, and healthcare, among others. Rising government measures in supply chain management to rebuild the global economy from the covid-19 pandemic are driving market expansion globally. Moreover, the increasing presence of global leaders in the market and huge R&D investments are also positively impacting the market growth.

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Key Highlights of Supply Chain Analytics Market

Based on solutions, manufacturing analytics emerged as the dominant segment and is projected to grow at a rapid rate over the forecast period. The growing healthcare industry and rising government initiatives in the manufacturing industry are fueling the manufacturing segment's rise in the global supply chain analytics market.
By deployment, the cloud segment accounted for the majority of the market and is predicted to witness exponential growth in the near future. The analytics in the cloud solution offers a centralized reporting solution as well as assistance with many elements of troubleshooting, use, and optimization. It provides enterprises with improved supply chain outcomes and more detailed reporting.
In terms of services, the professional service segment registered the higher revenue growth and is expected to take this lead ahead in the coming years. Professional services are required to ensure that the new systems are compatible with the existing ones and to integrate the new with the old in order to avoid data loss or theft.

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Regional Developments

North America is likely to hold the greatest market share and dominate the supply chain analytics market, owing to the widespread presence of significant organizations such as Oracle Corporation and IBM Corporation, as well as supply chain analytics solution creation and innovation. Major retail chains in the United States and Canada have already embraced analytics in their supply chain processes, reaping various benefits.

Competitive Outlook

Companies across industries are heavily spending to increase operational and supply chain efficiencies and digitize their business models. The supply chain function's emphasis has turned to sophisticated planning procedures, such as integrated sales, analytical demand planning, and operations planning, which are among most preferred business processes in many firms. Key players are adopting new growth strategies such as new technology development, product innovation, mergers, and acquisitions to gain market share, and business expansion in the global supply chain analytics market. Market participants such as Aera Technology, Accenture, American Software, Inc, Axway, Antuit Holdings Pte. Ltd., Blue Yonder Group, Inc., Capgemini, Cloudera, Inc., Genpact, Domo, Inc., IBM, Infor, Lockheed Martin Corporation, Kinaxis, Manhattan Associates, Oracle, MICROSTRATEGY, Rosslyn Data Technologies, QlikTech International AB, SAP, Savi Technology, SAS Institute Inc., and Voxware are some of the key players operating in the global market.

Target Audience

Supply Side: Supply Chain Solutions Company
Demand Side: Transportation Industry, Manufacturing Sector
Regulatory Side: Association for Supply Chain Management

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Polaris Market Research has segmented the supply chain analytics market report on the basis of solution, service, deployment, end-use, and region:

Supply Chain Analytics, Solution Outlook (Revenue – USD Billion, 2016 – 2028)

Logistics
Manufacturing
Planning & Procurement
Sales & Operations
Visualization & Reporting

Supply Chain Analytics, Service Outlook (Revenue – USD Billion, 2016 – 2028)

Professional
Support & Maintenance

Supply Chain Analytics, Deployment Outlook (Revenue – USD Billion, 2016 – 2028)

Cloud
On-premise

Supply Chain Analytics, End-Use Outlook (Revenue – USD Billion, 2016 – 2028)

Retail & Consumer Goods
Healthcare
Manufacturing
Transportation
Aerospace & Defense
High Technology Products
Others

Supply Chain Analytics, Regional Outlook (Revenue – USD Billion, 2016 – 2028)

North America

U.S.
Canada

Europe

France
Germany
UK
Italy
Netherlands
Spain
Austria

Asia Pacific

China
India
Japan
Malaysia
South Korea
Indonesia

Latin America

Mexico
Brazil
Argentina

Middle East & Africa

UAE
Saudi Arabia
Israel
South Africa

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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