Global Supply Chain Analytics Market Report by Market Study report scrutinizes the overall market synopsis globally, their restraining factors, drivers, major challenges, opportunities, latest trends to stabilize the global Supply Chain Analytics market situation, future developmental plans, and values pertaining to various marketing states. This global Supply Chain Analytics market report also enables users to make a decision and considering the overall market feasibility. It also adds thorough information on market size, product, key players, various application and major geographical regions.
The adoption of supply chain analytics solutions across the manufacturing sector will grow at a steady 16% CAGR over 2020-2027, with the growing demand for enhanced operational efficiency and machine utilization. Through the same forecast period, the government & defense application segment is anticipated to expand at a notable 17% CAGR. The growth can be contributed to the widespread adoption of mission critical operations and workflows in the sector.
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The global supply chain analytics market is slated to witness substantial growth over the coming years, mainly driven by the massive volume of data generated across retail, manufacturing, transportation, healthcare, and numerous other industry verticals. In terms of the applications, the industry is segmented into transportation & logistics, retail, manufacturing, automotive, government, healthcare, and energy & utilities, among others.
On the basis of component, the market is bifurcated into solutions and services. The different types supply chain analytics solutions include demand planning, inventory analytics, procurement analytics, manufacturing analytics, and logistics analytics. It is estimated that the adoption of demand planning solutions will grow at a robust 16% CAGR through 2027, with the increasing need for efficient management of demand uncertainty.
The demand for manufacturing analytics solutions over 2020-2027 is likely to grow at a healthy CAGR of 19%. This demand can be attributed to the need for enhanced quality and optimized performance of production. Meanwhile, the logistics analytics solutions segment will grow at a 15% CAGR over the same period, driven by the need for enhanced customer service and effective resource utilization.
The services segment of supply chain analytics industry includes managed and professional services. The demand for professional services is expected to increase at a CAGR of approximately 17% across the timeframe.
The supply chain analytics industry share from automotive applications is likely to rise at a CAGR of around 18% up to 2027, primarily driven by the increasing need for enhancing the global distribution network. The increasing automotive production across the globe will provide supply chain analytics solutions providers with favorable opportunities.
Meanwhile, the demand for supply chain analytics services across energy & utilities sector is projected to grow at CAGR of nearly 17% over the next few years. These solutions and services are used to support operational workforces across geographically dispersed locations.
From a regional standpoint, the supply chain analytics market in Latin America is estimated to grow at a healthy 18% CAGR over 2020-2027. The regional trends can be associated with increasing investments in the supply chain sector.
Meanwhile, the Middle East & Africa supply chain analytics industry share is projected to expand at a CAGR of about 19% up to 2027. Favorable government initiatives and investments for large-scale infrastructure development projects will continue to support the regional market expansion.
Table of Contents:
- Global Emergency Supply Chain Analytics Market Overview
- Market Competition by Manufacturers
- Production, Revenue (Value) by Region
- Supply (Production), Consumption, Export, Import by Regions
- Production, Revenue (Value), Price Trend by Type
- Market Analysis by Application
- Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
Summary of the regional outlook documented in this report:
- Consumption pattern and consumption rate with respected to each region.
- Predicted consumption rates over the forecast period.
- Market forecasts of key regions are detailed in the report.
- Consumption market share solely based on the regional contribution.
- Market share held by the listed geographies.
COVID-19, the disease it causes, surfaced in late 2019, and now had become a full-blown crisis worldwide. Over fifty key countries had declared a national emergency to combat coronavirus. With cases spreading, and the epicentre of the outbreak shifting to Europe, North America, India and Latin America, life in these regions has been upended the way it had been in Asia earlier in the developing crisis. As the coronavirus pandemic has worsened, the entertainment industry has been upended along with most every other facet of life. As experts work toward a better understanding, the world shudders in fear of the unknown, a worry that has rocked global financial markets, leading to daily volatility in the U.S. stock markets.
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