Jun 20, 2017   SOURCE: PR NewsWire

Supply Chain Analytics Market is expected to reach USD 9.87 billion by 2025

LONDON, June 20, 2017 /PRNewswire/ --

Highlights

    --  The global supply chain analytics market is expected to reach USD 9.87
        billion by 2025, according to a new study by Grand View Research, Inc.
    --  The growing need to manage a large amount of business data and use
        derived insights is optimizing the demand for supply chains.
    --  The increasing awareness among consumers regarding the benefits offered
        by supply chain analytics has encouraged organizations across various
        industries to adopt analytic solutions with an objective to improve
        perceptibility levels across the entire supply chain enablers.
    --  The deployment of supply chain analytics solutions helps customers to
        enhance their company's profitability, achieve growth, and increase
        market shares by utilizing the derived insights for taking strategic
        decisions. Moreover, these solutions offer a holistic view of the supply
        chain that helps in enhancing sustainability, improving profitability,
        reducing inventory cost, and accelerating the time-to-market for
        products in the long run.

The global supply chain analytics market is expected to reach USD 9.87 billion by 2025, according to a new study by Grand View Research, Inc. The growing need to manage a large amount of business data and use derived insights is optimizing the demand for supply chains. The increasing awareness among consumers regarding the benefits offered by supply chain analytics has encouraged organizations across various industries to adopt analytic solutions with an objective to improve perceptibility levels across the entire supply chain enablers.


The deployment of supply chain analytics solutions helps customers to enhance their company's profitability, achieve growth, and increase market shares by utilizing the derived insights for taking strategic decisions. Moreover, these solutions offer a holistic view of the supply chain that helps in enhancing sustainability, improving profitability, reducing inventory cost, and accelerating the time-to-market for products in the long run.

Furthermore, factors such as shortening product life cycles, low supply chain visibility, ineffective supplier networks, elevated warehousing costs, redundant forecasts, and fluctuating customer demands are responsible for the rising necessity of supply chain optimization, thereby driving growth of the market.

Further key findings from the study suggest:

    --  The sales & operations analytics segment dominated the solution market
        in 2016. However, the visualization & reporting segment is expected to
        gain dominance by growing at a CAGR of 18.9% over the next eight years.
    --  Cloud deployment is expected to remain the most preferred method of
        deployment in the supply chain analytics. This segment is expected to
        grow substantially at a CAGR of 17.1% over the forecast period.
    --  The manufacturing segment experienced the highest application in 2016.
        However, the high technology product segment is expected to grow at the
        highest CAGR of 18.9% over the next eight years.
    --  The manufacturing and retail & consumer goods segments are predicted to
        grow at a higher rate, majorly due to reduction in the cost of supply
        chain in an attempt to reduce the overall product cost.
    --  North America was the dominant regional market in 2016, which is
        attributed to the presence of a large number of supply chain analytics
        service providers in the region.
    --  Asia Pacific is expected to emerge as the largest market by 2025 and
        attain a market size of USD 2,646.6 million over the forecast period.
    --  The key industry participants operating in the market are SAS Institute
        Inc., SAP SE, IBM Corporation, Oracle Corporation, Sage Clarity Systems,
        Kinaxis Inc., MicroStrategy Inc., Genpact Ltd., Capgemini Group, and
        Birst, Inc.

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