Latest News- Supply Chain Analytics Market: Cloud-based is expected to lead the Deployment segment during 2024-2028

The Supply Chain Analytics Market is being driven by Increased need to improve business processes

The Supply Chain Analytics Market is expected to grow at a CAGR of 19.28% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 10.38 billion. In today's business landscape, the application of advanced data analytics techniques, particularly predictive analytics, has revolutionized various industries by enabling more accurate forecasting of customer buying behavior and patterns. Predictive modeling, a key component of predictive analytics, allows for customized solutions based on historical data, leading to increased production efficiency and cost reduction. This approach is exemplified in the vendor-managed inventory (VMI) process, where suppliers are given inventory threshold guidelines set by the customer to ensure optimal stock levels and minimize excess inventory. By making informed predictions about future events, predictive analytics plays a crucial role in streamlining supply chain management. 

Get more information on Supply Chain Analytics Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • Cloud-based
  • On-premises
• End-user
  • Retail
  • Manufacturing
  • Transportation
  • Healthcare
  • Others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased need to improve business processes
• Rising e-commerce and omnichannel retailing
• Increasing need to improve supply chain visibility

However, the market also witnesses some limitations, which are as follows:

• Concerns associated with implementation of supply chain analytics
• System integration and complexity issues in the supply chain network
• Lack of analytics professionals

Benefits of Buying Global Supply Chain Analytics Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Supply Chain Analytics Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Supply Chain Analytics Market focuses on delivering logistics optimization, cost reduction through cost-efficient solutions, and network design. It enhances customer loyalty by improving transportation and warehouse management. Key performance metrics include cost optimization and inventory transactions. Security breaches are addressed, while demand planning and management software facilitate data-driven decision making. CRM systems and warehouse automation boost logistics management, and procurement optimization completes the supply chain solution suite.

Market Research Overview

The Supply Chain Analytics Market is a significant segment of the global Application Software Market, which in turn is a part of the larger IT Software Market. This market caters to businesses that develop and produce software for specialized applications, encompassing enterprise and technical software, as well as cloud-based solutions. Key areas of focus include optimizing product supply points, managing elevated warehousing costs, enhancing customer satisfaction, improving resource utilization, and bridging the demand-supply gap to meet evolving customer requirements. Technavio's classification excludes companies producing interactive home entertainment software or database management software classified under the Systems Software Market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/