Supply Chain Analytics Market Report And Case Studies Of Successful Implementations

The global supply chain analytics market size was estimated at USD 6.12 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 17.8% from 2023 to 2030. The supply chain analytics (SCA) market is growing in demand due to increased awareness of the benefits of SCA solutions, such as forecasting accuracy, supply chain optimization, waste minimization, and meaningful synthesis of business data. The increasing number of small & medium enterprises and their increasing expenditure on implementing analytics to hold a strong position in the market and compete against other market players are expected to boost the market growth over the forecast period.

Supply chain analytics also helps businesses improve their ability to make decisions regarding technology adoption, organizational infrastructure, strategic relationships, and enterprise resource management. For instance, in April 2023, Accenture PLC completed the acquisition of EINR AS, a logistics solution provider. The acquisition would help Accenture enhance SAP capabilities and speed up supply chain reinvention within consumer electronics and retail industries.

Gather more insights about the market drivers, restrains and growth of the Supply Chain Analytics Market

Solution Insights

In terms of solution, the sales & operations analytics segment captured the largest market share exceeding 28% in 2022. The need to optimize resource utilization and cost were vital considerations contributing to the overall segment growth in 2022. The client benefits from a flexible and customized SCA solution that adapts to dynamic requirements while being cost-efficient. This is expected to aid the growth of the sales & operations segment over the forecast period. 

Service Insights

Based on service, the professional service segment has registered the largest market share of over 60% in 2022. To avoid data loss or theft, professional services must ensure that the new systems are compatible with the existing systems of numerous departments and integrate the new systems with the existing ones, contributing to the growth of the segment. There is an increased demand for professional services for the analysis and preservation of important data and professional assistance on emerging technologies. However, data scientist teams require specific abilities to identify and uncover trends that help marketers make better decisions; therefore, the supply chain business lacks skilled or professional services and individuals.

Deployment Insights

Based on deployment, the cloud segment captured the largest market share of more than 62% in 2022. Technological proliferation has led to the large-scale adoption of IoT devices and has subsequently increased the OEM customers’ dependence on cloud-based platforms. Cloud deployment increases flexibility and allows the large-scale customization of products and services for organizations. The industry is particularly opting for big data analytics solutions due to their benefits in data safety and risk analysis. Enhanced mobility and the ease of using cloud services have resulted in the aggressive deployment of supply chain analytics solutions on cloud-based platforms.

Enterprise Size Insights

In terms of enterprise size, the large enterprise segment held the largest market share in 2022 at over 59%. The increased demand for strong monitoring solutions and automation capabilities for resource allocation and strategic decision-making boosted segment growth in 2022. The small & medium enterprises segment is anticipated to register the fastest CAGR of 19.2% over the forecast period owing to the increasing number of small and medium enterprises (SMEs) in developing economies, such as Mexico and India. The need for internal network architecture for data storage is expected to drive the demand for SCA solutions.

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End-use Insights

In terms of end-use, the manufacturing segment held the largest market share in 2022 at over 23%.In the manufacturing industry, SCA solutions can help improve performance as they can provide access to real-time data across the value chain and reflect the updates made to any region or process throughout the organization. Moreover, growing customer demand and the requirement to ensure product availability and timely delivery are propelling demand for supply chain efficiency improvements. For instance, in April 2023, Snowflake, a data cloud company, announced the launch of the Manufacturing Data Cloud for the automotive, technology, and industrial sector. The Manufacturing Data Cloud allows manufacturers to collaborate with suppliers, partners, and customers and allows businesses to improve supply chain performance and propel smart manufacturing initiatives.

Regional Insights

In terms of region, the North America region dominated the global market in 2022 with a revenue share of over 37%.Due to the complexity of corporate processes, industrial organizations in North America are putting a greater focus on the visual display of operational data. This allows businesses to quickly assess the current health of their supply chain from a data standpoint, allowing for better strategic decision-making. Over the forecast period, the European regional market is expected to rise at a promising rate. The European Commission's single market strategy allows commodities, services, people, and capital to travel freely within the region. It broadens the geographical market for European businesses and expands the possibilities for SCA solutions acceptance and deployment. 

Key Companies profiled:

• Accenture PLC

• Aera Technology

• Birst, Inc.

• Capgemini SA

• Genpact Limited

• International Business Machines Corporation

• JDA Software Group, Inc.

• Kinaxis

• Lockheed Martin Corporation

• Maersk Group

• Manhattan Associates, Inc.

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