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Supply Chain Analytics Market growth is driven by increasing demand of mobile application-based solutions up to 2024

Author : Ronak Bora | Published Date : 2019-03-18 

Supply Chain Analytics Market growth is expected to be driven by trends, such as high warehousing costs, low visibility, and inefficient supplier networks, during the forecast timeline. The increasing implementation of mobile application-based solutions is expected to create new opportunities in the supply chain analytics market.

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Managed services segment is expected to grow substantially over the forecast timeline. This can be attributed to the providers offering third-party infrastructure services that aid in improving the overall business efficacy and scalability. Cloud deployment in supply chain analytics market is anticipated to dominate the deployment model segment. This can be attributed to technological advancements in cloud services followed by cost-effectiveness and easy installation of such solutions.

The striving need to uplift customer satisfaction, improve productivity, lower operational costs, and achieve stable business growth through supply chain optimization is driving the market growth. The capability of these analytical tools for increasing automation efficacy and artificial intelligence for accelerating proactive solutions is predicted to contribute to the industry growth. Benefits, such as anticipating accuracy, significant synthesis of data, and growing understanding of the features proposed by supply chain analytics market are driving the market growth.

Supply chain analytics market is segmented based on solutions, deployment models, services, verticals, and regions. By solution type, the market is categorized into sales & operation planning, visualization & reporting tool, planning & procurement, manufacturing analytics, and transportation & logistics analytics. The logistics & manufacturing analytics sector is predicted to witness a high growth owing to the rising need for efficient utilization of resources and reducing the overall costs.

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Rising generation of an enormous volume of data coupled with the persistent requirement for an active & efficient database management system is expected to lift the demand for these solutions. Advancements in technology, such as cognitive computing, Internet of Things (IoT), and communication devices, are predicted to create a surge for supply chain solutions. Furthermore, the increasing implementation rate of cloud-based data storage in enterprises is estimated to propel the supply chain analytics market growth.

North America supply chain analytics market is estimated to occupy the largest market share globally owing to the presence of a large number of solution providers in the region. Asia Pacific region is predicted to witness a significant growth owing to the increasing implementation of these solutions in the Small and Medium-sized Businesses (SMBs).

Key players operating in the supply chain analytics market include MicroStrategy, Inc., SAS Institute, Inc., Genpact Ltd., SAP SE, IBM Corporation, Capgemini Group. Other notable players include Oracle Corporation, Kinaxis, Inc., Sage Clarity Systems, and Birst, Inc. The industry is currently witnessing rising investments in sales & distribution channels by major players and partnerships among these players to gain a stronghold in the industry.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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