[184 Pages Report] The Supply Chain Analytics Market size was estimated at USD 6.60 billion in 2023 and expected to reach USD 7.58 billion in 2024, at a CAGR 15.21% to reach USD 17.80 billion by 2030.
Supply chain analytics enables companies to gain a deeper insight into their supply chain’s dynamics and complexities and help improve decision-making, determine consumer preferences, uncover inefficiencies, and build an autonomous supply chain. The rising need to extract insights and manage large amounts of data associated with supply chains is generating the need for advanced supply chain analytics solutions in various end-user industries, including eCommerce. In addition, supply chain analytics allow to simplify supply chain operations, increase efficiency, and help businesses to meet the future demand of customers. Moreover, the shortage of skilled experts, the high cost associated with deploying analytical solutions, and concerns related to data quality, integrity, and security hinder the adoption of supply chain analytics solutions. However, the ongoing technological advancements and growing penetration of startups to develop new supply chain analytics solutions are expected to boost the scope of the supply chain analytics market.
The increasing presence of eCommerce businesses across Europe and the Middle East has been expanding the supply chains in the regions, thus fostering the scope of supply-chain analytics solutions across the EMEA. Furthermore, the presence of some major players, ongoing technological advancements, and the launch of new supply-chain analytics solutions across North America have been expanding the applications of supply-chain analytics in the Americas. In addition, the U.S. government announced the supply chain disruptions task force in June 2021 to address short-term supply chain discontinuities to strengthen American supply chains to promote economic security, national security, and good-paying union jobs, increasing the scope for the supply chain analytics market across the Americas. The growing demand for supply-chain analytics from the automotive, pharmaceutical, and retail industries has been creating lucrative opportunities for supply-chain analytics across the Asia-Pacific region.
The FPNV Positioning Matrix is pivotal in evaluating the Supply Chain Analytics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Supply Chain Analytics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Everstream Analytics Acquires BlueNode to Expand Intermodal Analytics Solutions for Global Supply Chain Execution
Everstream Analytics' acquisition of BlueNode aimed to expand their intermodal analytics solutions for global supply chain execution. The expansion provides businesses with access to advanced analytics, such as predictive analytics and real-time insights, that enable more informed decision-making in the transportation of goods. The acquisition also significantly expands the company's client base, providing additional market growth opportunities for Everstream Analytics. Furthermore, it boosts the company's ability to offer customers unprecedented levels of accuracy, speed, and convenience when shipping cargo. [Published On: 2023-04-26]
Everstream, which Applies Big Data to Supply Chain Management, Raises USD 50 Million
Everstream, a startup that leverages predictive analytics to optimize supply chain management, recently raised USD 50 million in funding. This investment highlights the industry's increasing demand for data-driven solutions that can maximize efficiency and minimize costs. The company provides tools that allow businesses to track inventory better, predict customer behavior, and compare different vendors to make the best decisions for their process optimization needs. With the new capital injection, Everstream plans to continue developing its technology and expand its reach into the global market. [Published On: 2023-04-04]
EY Announces Alliance with O9 Solutions to Help Modernize Supply Chain Operations through Business Planning and Analytics Solutions
EY, a global provider of assurance, tax, transaction, and advisory services, has announced an alliance with O9 Solutions to provide businesses with advanced analytics and business planning solutions for their supply chain operations. The collaboration will equip companies to understand supply chain dynamics better through increased visibility into integrated data sources and advanced analytics capabilities. This will allow them to identify potential risks and opportunities across their entire supply chain network to optimize operations. The partnership will also enable businesses to predict future demand more accurately and adjust based on current market conditions. [Published On: 2023-03-13]
The report delves into recent significant developments in the Supply Chain Analytics Market, highlighting leading vendors and their innovative profiles. These include Accenture plc, American Software, Inc., Capgemini SE, Cloud Software Group, Inc., Cloudera, Inc., Domo, Inc., Ehrhardt + Partner Solutions DWC-LLC, Evertracker GmbH, Genpact Limited, Google LLC, Infopulse Group, Infor, International Business Machines Corporation, Kinaxis Inc., KPMG LLP, Mecalux, S.A., MicroStrategy Incorporated, Neubrain, LLC, Oracle Corporation, Project44, LLC, QlikTech International AB, Rosslyn Data Technologies PIc, SAP SE, SAS Institute Inc., Savi Technology, Shippeo SAS, Software AG, Solvoyo, and Voxware,Inc..
This research report categorizes the Supply Chain Analytics Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Organization Size
- Large Enterprises
- Small & Medium Enterprises
- Component
- Services
- Deployment & Integration Services
- Managed Services
- Professional Services
- Support & Maintenance Services
- Software
- Demand Analysis & Forecasting
- Inventory Analytics
- Spend & Procurement Analytics
- Supplier Performance Analytics
- Transportation & Logistics Analytics
- Services
- Deployment
- On-Cloud
- On-Premises
- Industry
- Automotive & Transportation
- Energy & Utilities
- Food & Beverage Manufacturing
- Government
- Machinery & Industrial Equipment Manufacturing
- Pharmaceuticals
- Retail & Consumer Goods
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Supply Chain Analytics Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Supply Chain Analytics Market?
- What are the technology trends and regulatory frameworks in the Supply Chain Analytics Market?
- What is the market share of the leading vendors in the Supply Chain Analytics Market?
- Which modes and strategic moves are suitable for entering the Supply Chain Analytics Market?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Supply Chain Analytics Market, by Organization Size
- Supply Chain Analytics Market, by Component
- Supply Chain Analytics Market, by Deployment
- Supply Chain Analytics Market, by Industry
- Americas Supply Chain Analytics Market
- Asia-Pacific Supply Chain Analytics Market
- Europe, Middle East & Africa Supply Chain Analytics Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 24]
- List of Tables [Total: 564]
- List of Companies Mentioned [Total: 29]
Improved Inventory Management:
The eCommerce sector can suffer immensely due to poor inventory management. One issue being that the stock levels fluctuate frequently as demand for the products changes. By using Supply Chain Analytics, retailers can weigh the demand against supply, and stock up accordingly, thereby reducing the need for extra space and inventory holding costs. Furthermore, Supply Chain Analytics can forecast the future demand for an item based on sales trends, taking previous data into consideration, and reduce the likelihood of stocking out that item.
Improved Demand Forecasting:
Supply Chain Analytics can help retailers track and understand product demand patterns, which will significantly optimize the supply chain. eCommerce companies can use supply chain analytics to get insights into correlations between various products based on factors like demographics, sales funnel, and trends. That data allows retailers to better understand when certain products will be in demand and anticipate their needs. By accurate forecasting, companies can plan inventory, reduce waste, decrease order lead time, and, in turn, improve client satisfaction.
Efficient Shipping and Logistics:
Efficient delivery of the product is paramount to the success of an eCommerce business, and Supply Chain Analytics can help businesses address this problem. Real-time, data-driven insights, supply chain analytics tools, and technological advancements can bring down shipping and return costs. SCA helps pinpoint areas of inefficiency in the supply chain and assists retailers in identifying and minimizing them. Cutting down the delays and other bottlenecks in the supply chain leads to timely deliveries and quickly getting the product to customers' doorsteps, thereby increasing customer satisfaction.
Better Supplier Relationship Management:
Supply Chain Analytics uses data to track all the components of the supply chain, which includes supplier management. Using this management tool, retailers can track and measure the performance of different vendors and potentially identify pain points within that relationship. SCA data like previous performance, supplier operations, scheduling, lead times, and quality standards can help retailers in better management of the vendors. This insight could quickly decrease the time needed to resolve any delivery issues with vendors, enabling retailers to manage relationships better, improve the products' quality and ensure it remains within contact parameters.
Optimize Operations with AI-Driven Analytics:
The introduction of AI-driven supply chain analytics has improved the eCommerce sector's efficiency. Using AI, SCA can provide predictive analytics and identify potential disruptions in the supply chain, detect recurring patterns, and recommend solutions that improve operations. AI helps mitigate any risk, has predictions using the IoT devices/predictive modeling forecasting algorithms to determine where it may be best to store inventory, cost reductions to optimize shipping routes and areas, and provides real-time tracking.
Supply Chain Analytics is continuously proving to be the future of the eCommerce industry. The reduction in supply chain inefficiencies helps streamline operations and improve businesses' profitability; it saves businesses more time and, cost-wise, prevents them from overspending, hence keeping businesses competitive. The implementation of supply chain analytics provides eCommerce businesses with predictive and prescriptive insights that enhance the supply chain's overall performance. It's high time that eCommerce sector businesses revolutionize their supply chain operations by implementing Supply Chain Analytics to provide the best customer experience and streamline their supply chain.
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