Supply Chain Analytics Market to grow at a CAGR of 20.07% from 2022 to 2027| Increased Need to Improve Business Processes to Influence Market Growth - Technavio
NEW YORK, Aug. 7, 2023 /PRNewswire/ -- The supply chain analytics market size is expected to grow by USD 10,121.6 million during the five-year forecast period, according to Technavio. As per the latest report, the market will progress at a CAGR of 20.07% from 2022 to 2027, according to Technavio. The increased use of predictive analytics in the supply chain is a major trend in the market. Predictive modeling technology can be customized for groups of customers or for single customers. The result is a precise and efficient solution that reduces costs while improving overall production efficiency. In addition, it helps in the efficient management of the supply chain and focuses on forecasting relevant future events. Hence, the benefits of predictive analytics are expected to drive market growth during the forecast period. View the new Sample Report within minutes!
Supply Chain Analytics Market 2023-2027: Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our supply chain analytics market report covers the following areas:
Supply Chain Analytics Market 2023-2027: Segmentation
Supply Chain Analytics Market is segmented as below:
The market share growth by the retail segment will be significant during the forecast period. This is due to the emergence of technologies such as big data, IoT, and workflow automation. to remain competitive in the market companies are using supply chain analysis. Analytics solutions facilitate content collaboration between companies, retailers, suppliers, wholesalers, and end users. Additionally, the introduction of supply chain analytics will enable retailers to simplify their operations and provide improved service to their customers. Hence, these factors are expected to drive segment growth during the forecast period.
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Supply Chain Analytics Market 2023-2027: Market Dynamics
The increased need to improve business processes is a key factor driving market growth. The various predictive mechanisms and hedging models are used to improve business productivity through supply channel analytics. It helps companies gain growth opportunities and reduce defects and failure rates in products and services. Additionally, it helps organizations get an overview of the entire supply chain, measure its performance through customized key performance indicators (KPIs), and identify demand patterns. Hence, these factors are expected to drive market growth during the forecast period.
The implementation challenges may restrict the supply chain analytics market growth. Coordinating demand and capacity between suppliers and customers is complex. Additionally, supply chain processes involve many critical variables, making optimization difficult to achieve. Companies have their own planning and data storage systems that may not be compatible with end-to-end processes and full data visibility. This complexity in SCM software solutions has increased in recent years. Thus. These factors are expected to restrict market growth during the forecast period.
Supply Chain Analytics Market 2023-2027: Company Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. American Software Inc., Antuit Inc., Axway Software SA, Cloudera Inc., Datameer Inc., Infor Inc., International Business Machines Corp., Manhattan Associates Inc., MicroStrategy Inc., Oracle Corp., QlikTech International AB, RELEX Oy, SAP SE, SAS Institute Inc., Savi Technology Inc., Software AG, Tableau Software LLC, TARGIT AS, TIBCO Software Inc., and Voxware Inc. are some of the major market participants.
Supply Chain Analytics Market 2023-2027: Key Highlights
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Table Of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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