Supply Chain Analytics Market Highlights:
The supply chain analytics market is growing pervasively, owing to the increasing pressure to lower the exceeding operational costs across the burgeoning industries such as aerospace, automotive, manufacturing, healthcare, and retail among others.
The supply chain analytics are increasingly helping the organizations to generate more revenue & profit by improving their decision-making power efficiently. As a result, the uptake of these analytics is widening, which, in turn, is escalating the market on the global platform.
Acknowledging the increasing demand & growth, the market is witnessing currently, Market Research Future (MRFR) in its recently published study analysis asserts that the global Supply Chain Analytics Market is poised to garner USD 8.89 Bn by 2023, registering approximately 13.7% CAGR throughout the forecast period (2017-2023).
Digital disruption is impacting the supply chain market, a great deal. Automation is trending in the field of supply chain and mergers & acquisitions, new suppliers & competitors, policy reforms alongside the increasing consumerism increase the complexities in the already intricate supply chain market.
Additional factors that are contributing to the growth of the market include the advent of cloud and the growing awareness towards the advantages offered by supply chain analytics, further encouraging its adoption across the industries. Furthermore, the increasing population, urbanization, and improving economic situations in the countries across the globe foster the growth of the market.
On the flipside, factors such as the lack of awareness, issues of integration, and the high cost associated with the installation and maintenance of supply chain analytics are impeding the growth of the market.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/5512
Major Key Players:
Key Players leading the global supply chain analytics market include Genpact, Manhattan Associates Inc., JDA Software Group, Inc., SAS Institute Inc., Tableau Software, Inc., MicroStrategy, Inc., SAP SE, Accenture PLC, Oracle Corporation, and IBM Corporation among others.
Supply Chain Analytics Market Segmentations:
For a better understanding, the report has been segmented into four key dynamics:
- By Component: Solutions and Services.
- By Deployment: On-premise and on cloud
- By Vertical: Aerospace & Defense, Automotive & Transportation, Manufacturing, Healthcare, and Retail among others.
- By Region: North America, Asia Pacific,Europe, and the Rest-of-the-World.
Supply Chain Analytics Market Geographical Analysis:
North America region heading with the early adoption of advanced technologies and analytic applications dominates the global supply chain analytics market accounting for the largest share in the market. Additionally, factors such as high uptake of supply chain analytics across the major industries, accessibility to products & services, and the emphasis on delivering cost-effective services, foster the growth of the regional market.
The region is further expected to continue with its dominance, registering a remarkable CAGR of 12.9% throughout the forecast period.
The supply chain analytics market in the European region accounts for the second-largest market, globally.
European countries such as Germany, the UK, and France, backed by the adoption of advanced technologies, a resurging economy, and the presence of global players, predominantly drive the supply chain analytics market in the region. Furthermore, government policies in the European Union drive the market in this region, encouraging the use of technology to ease the production and operational expenses.
The Asia Pacific supply chain analytics market has merged as a promising market, globally. Growing markets in some of the rapidly emerging countries, such as China, Japan, and India, are expected to support the APAC market to turn the tables in the global space. Besides, the emergence of several small and medium businesses in this region impacts the growth of the market, positively.
Supply Chain Analytics Market Competitive Landscape:
Fiercely competitive, the supply chain analytics market appears to be fragmented, characterized by the presence of numerous players. Incorporating strategic initiatives such as partnership, acquisition, collaboration, technology launch, and expansion, these players try to gain a competitive advantage in the market. To achieve their goals, they make substantial investments in the R&D to develop unique technologies with unrivaled design and features that are entirely on a different level compared to their competition.
Industry/Innovation/Related News:
May 6, 2019 —– Premier Inc. (the US), a leading healthcare improvement company announced the expansion of its partnership with Ballad Health (the US), an integrated health system serving 29 counties across four South-eastern states. Through the partnership,
Ballad Health would implement Premier’s performance improvement infrastructure, leveraging strategic supply chain services to drive high-value care across its enterprise.
Potential platforms such as the PremierConnect, a performance improvement platform, and Premier’s enterprise-wide operational, clinical, service line and supply chain analytics would be implemented by Ballard to integrate and align its employees, processes, and technologies.
Additionally, Ballad Health will contribute to an evidence-based, supply chain decision-making strategy by actively participating in negotiations and clinically vetting products and supplies. As part of the partnership, Premier’s consultants and technology-enabled insights will support Ballad Health in achieving overall financial, operational, and clinical success.
Access Report Details @ https://www.marketresearchfuture.com/reports/supply-chain-analytics-market-5512
Intended Audience:
- Supply Chain Analytics services providers
- IT providers
- Software vendors
- Retail vendors
- Cloud service providers
- Local/Government Agencies
- Cloud Infrastructure Agencies
- Value-added Resellers
- Research Firms
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/supply-chain-analytics-market-5512