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Supply chain analytics is a system that facilitates the execution of products and services from supplier to customer. Supply chain systems incorporate several components such as information, organizations, people, activities and resources to change raw materials into finished goods. The supply hierarchy of manufactures, suppliers, retailers, wholesalers and customers is followed in supply chain analytics (SCA). Supply chain analytics has turned out to be a necessity for organizations in order to efficiently penetrate into the market. Supply chain analytics stresses on releasing the cash by enhancing forecast accuracy, support network reconfiguration, minimizing material wastage, optimize service levels, reducing inventory etc. Supply chain analytics offers services across industries such as defense, automotive, manufacturing, electronics and high tech, aerospace, healthcare, life sciences, retail among others and consumer packaged goods. The global Supply Chain Analytics Market is estimated to grow with a 16.46% CAGR during 2016-2023. Factors driving supply chain analytics market includes:
Factors such as lack of data visibility in real-time in the national or international business; no particular way to modernize processes within planning and execution; no flexibility within the network and imbalance in product line are all hindering the growth of supply chain analytics market. But, companies are coming up with innovative solutions, services, and cloud based applications to bring the necessary flow required in the supply chain processes. One of the major market players, Sage Clarity launched a host of applications to provide assistance for immediate management of inventory, in development with its success of supply chain solutions in the beverages and food industry. The new applications enables the employees to gain meaningful insights, not just regarding the inventory; but also, customer deliveries, profitability, cost management, and other aspects involved in the supply chain management.
Large quantity of data is produced and processed each day in various industries and it is important to handle such large quantity of data; and also, to change it into a valuable information. Hence, increasing business data and the requirement of effective database management tools across various industries around the globe play a significant role in driving the supply chain analytics market. Although, there are many factors restraining the market such as concerns related to data security, due to which many organizations hesitate to use the supply chain analytics concept. This hesitation in the adoption of the SCA technique is a big restraint for the market. Also, the complexities in the process of data handling and integration with existing ERP/SCM must be handled, since these are big challenges of this field.
Source: OBRC Analysis
Global supply chain analytics market is segmented into solutions, services, verticals and deployment model. Based on solution, the market is sub segmented into:
Based on service, the market is sub segmented into:
Based on vertical, the market is sub segmented into:
Based on deployment model, the market is sub segmented into:
The revenue for the above industrial verticals are specific to the supply chain analytics market. However, the total revenue of these applications in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up services & solution segments. Geographically, the global supply chain analytics market is segmented into:
Asia pacific is anticipated to show highest growth rate in the global supply chain market followed by Middle East. It is due to rising general awareness about the benefits of supply chain analytics among various enterprises operating in varied verticals. The Latin America Market is anticipated to grow at a steady pace during the forecast period. High awareness level pertaining to supply chain analytics has considerably encouraged enterprises to position analytics solutions in order to enhance perceptibility levels across the entire supply chain enablers. North American region is also experiencing a positive growth rate majorly due to the extensive penetration of supply chain analytics services providers in the region.
Global supply chain analytics market is segmented into solutions, services, verticals, deployment model and regional outlook. Solution segment is divided into sales and operations planning (S&Op); manufacturing analytics, visualization and reporting tools, transportation and logistics analytics and supply chain planning and procurement. Transportation and Logistics Analytics segment is expected to grow at a rapid pace during the forecast period. In service segment, market is divided into professional services; and, support and maintenance services. Professional services segment is rising at a higher pace under the services segment, due to high adoption rate of supply chain analytics in the large organizations and manufacturing sectors. In various verticals, market is divided into retail and consumer packaged goods (CPG), healthcare and life sciences, manufacturing, high tech and electronics, automotive, aerospace and defense and others. Retail and Consumer Packaged Goods (CPG) and manufacturing industries gained higher growth rate, majorly due to reduction in the cost of supply chain to reduce overall product cost. Deployment model is segmented into on premise deployment, and cloud based deployment. Cloud based deployment is dominating the deployment model segment, the reason being high technological advancements in cloud based services.
The major market players of the global supply chain analytics market are:
Detailed analysis of these companies provided in this report comprises of overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
These companies use various strategies such as mergers & acquisitions, collaboration, partnership and product launching. Example: InJuly 2016 Kinaxis, a leading provider of Rapid Response offering cloud-based S&OP and SCM applications partnered with Samsung which selected Kinaxis Rapid Response as their supply chain planning solution.
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At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global supply chain analytics market offers the longest chain of market segmentation covering major market segmentation based on solutions, services, verticals and deployment model. The report tracks the major market trends in the global supply chain analytics market such as rising business data and the need of effective database management tools for the industries to manage the huge data and digitization of financial and business processes. For each market segments covered in global supply chain analytics market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the supply chain analytics industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, See Saw analysis, and Porter five force model and so on. For high level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global supply chain analytics market: