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Supply Chain Analytics Industry Worth $8.8 Billion by 2025 - Increasing Adoption of Cloud-based Supply Chain AnalyticsDUBLIN, Aug. 17, 2020 /PRNewswire/ -- The "Supply Chain Analytics Market by Component, Software (Supplier Performance Analytics, Demand Analysis and Forecasting, and Inventory Analytics), Services, Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The Global Supply Chain Analytics Market is Projected to Grow from USD 3.5 Billion in 2020 to USD 8.8 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.8% During the Forecast Period. The supply chain analytics market revenue is classified primarily into revenues from software and services. The software revenue is associated with software and platform offerings, while the services' revenue is associated with managed and professional services. The professional services comprise support &maintenance and consulting. The market is also segmented based on software, service, organization size, deployment model, vertical, and region. Increasing volume and velocity of data to drive the growth of the market Need to analyze demand patterns, develop effective production plans, and improve forecast accuracy to drive the adoption of demand analysis and forecasting software solutions Supply chain analytics software helps business organizations to collect, distill, and analyze the massive generated data. Due to burgeoning data across industries, the software allows companies to interpret and translate the unstructured data into informational insights. Demand analysis and forecasting are one of the major software in the supply chain analytics market that helps companies forecast the future demands for a product through historical data analysis. Inventory analytics solution enables end users to gain a real-time view of their in-stock data in warehouses. Predictive analytics would be useful in tracking economic indicators, promotions, and discounts to help retailers optimize their supply chain adequately. The supply chain analytics software can be deployed on-premises as well as on cloud, as per the business requirement. Cloud-based deployment benefits organizations with increased scalability, speed, 24/7 services, and improved IT security. Owing to an increasing number of applications being deployed over the cloud, there is a shift from traditional on-premises supply chain software to cloud-based supply chain software across enterprises of all sizes. On-premises deployment allows organizations to control all the systems and data, but organizations also have to pay the cost for hardware, software, and other resources used for its maintenance. It also restricts the storage capacity that isneeded to maintain new functionalities and technologies. Supply chain analytics market in APAC to grow at the highest CAGR during the forecast period The high growth of the supply chain market in the Asia Pacific (APAC) is attributed to the flexible economic conditions, industrialization & globalization-motivated policies of governments, and expanding digitalization. Being the home region for technologically advanced countries such as China, India, Japan, South Korea, and Singapore, the growth prospect for advanced supply chain analytics solutions in this region looks sharp. Moreover, the growing traction of the manufacturing industry vertical across China & India and the increasing eCommerce across the APAC region are expected to offer unprecedented opportunities to the supply chain analytics software vendors to sell their solutions in the region. Japan is the world's third-largest economy, and the country is increasingly investing in new technologies to maintain its position in the global market. The region majorly focuses on four industries, namely, manufacturing, retail, healthcare, and logistics. Key Topics Covered Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/supply-chain-analytics-industry-worth-8-8-billion-by-2025---increasing-adoption-of-cloud-based-supply-chain-analytics-301113245.html SOURCE Research and Markets |