Supply Chain Analytics Market 2023- 2032 m

Supply Chain Analytics Market 2023-2032; Growth Forecast & Industry Share Report

As per a recent research report, Supply Chain Analytics Market to surpass USD 30 Bn by 2032.

Supply Chain Analytics Market is anticipated to grow considerably through 2032 owing to the rising demand for supply chain analytics software and solutions. Product merits such as data visualization, stream processing, social media integration, natural language processing, location intelligence, and the supply chain's digital twin are slated to increase its adoption during the next decade.

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Overall, the
supply chain analytics industry is segmented in terms of component, solution,
service, organization size, deployment model, application, and region.

Based on
components, the service segment is anticipated to demonstrate sturdy growth.
The rising emergence of managed services across diverse industry verticals is
anticipated to drive segmental expansion.

In terms of
solutions, the procurement analytics segment is projected to exhibit a 20%
market share by 2032. Procurement analytics assist organizations in optimizing
working capital, identifying price variance by division or geography,
identifying any variance from the agreed KPIs and defined process,
understanding the existing supplier base's performance, and identifying
opportunities to integrate further.

Based on
service, the managed service segment was valued at over USD 600 million in
2022. The managed services help in product development, supply chain planning,
sourcing and procurement, manufacturing strategy and operations, logistics and
distribution, sustainability, and supply chain monitoring and control.

Considering the
organization size, the SME segment held a 25% market share in 2022. The segment
is expected to grow considerably in the next ten years, owing to the shifted
focus of SMEs to manage their supply chain operations by leveraging
cost-effective solutions and limiting capital expenditure.

Based on the
deployment model, the cloud deployment model is anticipated to experience
robust growth through 2032. Cloud-based deployment models help enterprises opt
for monthly SaaS subscription fees and avoid large capital expenditures on
hardware and software licenses. Besides, big data and artificial intelligence
are also transforming the supply chain by offering real-time tracking
technologies.

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In terms of
application, the manufacturing segment is slated to grow considerably through
2032. Since supply chain management assists the manufacturing industry in
saving time, reducing distribution, production, purchasing, and overall supply
chain cost, improving product quality, meeting deadlines, and supporting the
company's infrastructure, they are being increasingly adapted across various
industries.

Regionally, the
Europe supply chain analytics industry is anticipated to hold a 20% market share
during 2023-2032. The presence of leading e-commerce companies in the European
economies that have put pressure on sales channels for faster delivery and
optimum supply chain management will augment the regional market growth.

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