Global Supply Chain Analytics Market: Snapshot
The enterprise adoption of big data analytics in supply
chain management is a relatively recent development compared to other business
areas, but is fast gaining traction in wide range of industries. The
proliferation of unstructured datasets that may influence supply chain
management has triggered the demand for Big Data technologies among businesses.
Allocating shelf space at retail stores is a case in point where there is
pressing demand for making sense of unstructured data for manufactures.
Organizations world over are inclined to achieve the top-line growth focus on
reducing the materials waste and improving forecast accuracy through machine
learning technologies. Smart stock management system for warehouses and
distribution centers rely on supply chain analytics and automatically alert
restocking requirements. Supported by machine learning technologies, supply
chain analytics is opening up promising prospects in inventory
management and transportation logistics in industries such as retail,
healthcare, consumer packaged goods, electronics, automotive, aerospace, and
defense.
Advancements in sensors used in monitoring devices are
expected to boost the market in the years to come. Efforts to augment the
potential of database management tools are expected to accentuate the growth of
the market. The innovative use of Big Data in supply chain management has led
to fresh insights and has unlocked exciting prospects in industrial sectors in
various developing and developed economies. The growing popularity of
cloud-based solutions in supply chain analytics, notably among a growing number
of small and medium scale enterprises, bodes well for the market. The
staggering rise in manufacturing activities in a number of emerging economies,
particularly in Asia Pacific, is expected to open abundant promising
opportunities for market players. The rising adoption of supply chain analytics
can be attributed to the substantial benefits they offer to end-use industries.
The rising industry efforts on product innovations, especially in developed
markets, is a notable factor accentuating the growth over the forecast
period.
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Global Supply Chain Analytics Market: Snapshot
Supply chain optimization is gaining importance among
organizations striving to lift customer experience, attain a stable business
growth, and decrease the operational costs. Such organizations are incessantly
executing solutions related to supply chain analytics in order to attain
top-line progress, enhance productivity, and consolidate their market presence.
These solutions are known for minimizing waste of materials, supporting network
reconfiguration, enhancing forecast accuracy, elevating the level of services,
and reducing inventory. With these benefits being highly acknowledged, the
global market for supply chain analytics is anticipated to tread along a strong
growth track. Supply chain analytics can also be deployed as on-premise
solutions or cloud-based solutions.
The report is an inspection into the expansion of the global
supply chain analytics market over the couple of years and for the years ahead.
The market research publication further sorts out the causes of the variations
in the market on the global and regional basis. It does this so by assessing
the aspects and the trends that were predominant over the last few years and
also the ones that are anticipated have an effect on the market over the
forecast period. The Porter’s five forces analysis has been also been taken
into account by the analysts in order to provide a clear outline of the vendor
landscape to the reader of the report. Acquisitions, agreements, mergers, and
other businesses have also been stressed in the study. The research study
further inspects the administration and workflow of the key players and offers
information related to their products, marketing strategies, production
process, latest developments, and market shares in the past and future years.
Global Supply Chain Analytics Market: Trends and Prospects
The growth of the global supply chain analytics market is
mainly driven by the growing awareness among consumers regarding the benefits
of supply chain analytics solutions. In the last couple of years, the demand
for these type of solutions has risen substantially across industries such as
retail, manufacturing, life science, healthcare, electronics, defense, consumer
packaged goods, automotive, and aerospace. Furthermore, the burgeoning amount
of data produced and processes per day and the pressing requirement for
efficient and effective database management tools is likely to lift the demand
for supply chain analytics solutions. Nevertheless, issues such as the dearth
of visibility of data in real-time, the lack any reliable method in order to streamline
the processes with planning and execution, no tractability within the desired
network, and uncertainties in the product line are expected to limit the growth
of the market for supply chain analytics in the global level. Moreover, the
deployment of these solutions is also low among medium and low sized
institutions owing to constraints related to budget.
Global Supply Chain Analytics Market: Vendor Landscape
Some of the leading players operating in the market are SAS
Institute Inc., Oracle Corporation, Sage Clarity LLC, Kinaxis Inc., SAP SE, IBM
Corporation, Microstrategy, Genpact Ltd., Capgemini S.A., and Birst Inc.
Major geographies analyzed under this research report
are:
- Europe
- North
America
- Asia-Pacific
- Rest
of the World
This report gives you access to decisive data such as:
- Market
growth drivers
- Factors
limiting market growth
- Current
market trends
- Market
structure
- Market
projections for the coming years
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Key highlights of this report
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of key market forces propelling and restraining market growth
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- Detailed
analyses of industry trends
- A
well-defined technological growth map with an impact-analysis
- Offers
a clear understanding of the competitive landscape and key product
segments
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