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.
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: Regional Analysis
At present, North America accounts for a considerable share in the global supply chain analytics market owing to the presence of numerous leading players in the region. Asia Pacific is also expected to emerge as a promising region for the growth of the market owing to the flourishing manufacturing activities in the region along with growing investments for the purpose of foreign expansion. The rising awareness among organizations regarding the benefits of supply chain analytics is also expected to bode well for the growth of the market in these regions.
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:
- North America
- 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
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- 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
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.