Supply Chain Analytics Market Trends

  • Report ID: 4837
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Supply Chain Analytics Market Trends

Growth Drivers

  • Rising Adoption of IoT and Big Data Technologies – Internet of Things (IoT) and big data technologies can provide companies with valuable insights into their supply chain operations. For instance, nearly 81% of supply chain professionals believe that IoT will have significant impact on their operations over the next five years, while 77% believe that big data analytics will be critical to their operations.
  • Rise in Research Spending- As a result, researchers can find more viable solutions for supply chain analytics. This would encourage businesses to adopt or upgrade their supply chain analytics systems.

Challenges

  • Data Quality and Availability – One of the biggest challenges for supply chain analytics is the quality and availability of data. Inaccurate or incomplete data can lead to inaccurate analysis and ineffective decision-making.
  • Integration with Legacy Systems
  • Lack of Skilled Professionals

Supply Chain Analytics Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

22.6%

Base Year Market Size (2024)

USD 8.97 billion

Forecast Year Market Size (2037)

USD 130.45 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 4837
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of supply chain analytics is evaluated at USD 10.61 billion.

The supply chain analytics market size was over USD 8.97 billion in 2024 and is anticipated to exceed USD 130.45 billion by the end of 2037, growing at over 22.6% CAGR during the forecast period i.e., between 2025-2037. Ans: Growing e-commerce sector and the growing focus on corporate social responsibility (CSR) initiatives will boost the market growth.

Asia Pacific industry is predicted to account for the largest share of 35% by 2037, impelled by growing promotion of digital transformation in the region.

The major players in the market include SAP SE, IBM Corporation, Oracle Corporation, Kinaxis Inc., Micro Strategy Inc., Tableau Software, LLC, SAS Institute Inc., Capgemini SE, Genpact Ltd., Accenture plc., Hitachi, Ltd., Fujitsu Limited, NEC Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, NTT Data Corporation, Panasonic Corporation.
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