Supply Chain Analytics Market Size 2021, Share Estimation, End-User Demand, Production, Overview, Production-Scenario and Supply Forecast 2030

In a recent published report, Kenneth Research has updated the market report for Supply Chain Analytics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Supply Chain Analytics Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

Supply Chain Analytics Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024

Overview:
The demand for analytics continues and the importance of visualizing and understanding data is more vital for decision-making than ever before. Analytics is being applied across the supply chain—from sourcing of raw materials at optimized cost, forecasting new products demand, smart manufacturing to distributing finished products through optimal vehicle routes and fleets, and providing excellent customer service through predictive models. Supply chain optimization is the top most priority for an organization that is trying to reduce operational cost, sustain business growth and increase customer satisfaction.

Supply Chain Analytics provide comprehensive visibility in every aspect of the company’s supply chain, including supplier performance, raw materials procurement, inventory management, finished goods, and delivery effectiveness. Financial and service experts can gain visibility in their inventories and transportation, logistics and warehousing costs with the help of supply chain analytics to improve the customer satisfaction and profits. Supply Chain Analytics helps in improving the overall operational efficiency and effectiveness by enabling data-driven decisions at strategic, operational and tactical levels of an organization.

Market Analysis:
According to Infoholic Research, the Supply Chain Analytics Market is expected to reach $9.43 billion by 2024, growing at a CAGR of around 18.62% during the forecast period. The market is expected to witness a surge in the next few years, the growing need to improve the end-to-end visibility on supply chain operations such as orders, shipments, and inventory, the real-time analysis of supply chain operations and the increase in forecast accuracy has further pushed the growth of supply chain analytics market during the forecast period.

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Market Segmentation Analysis:
The report provides a wide-ranging evaluation of the market. It provides in-depth qualitative insights, historical data, and supportable projections and assumptions about the market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor’s portfolio, blogs, whitepapers, and vendor presentations. Thus, the research report serves every side of the market and is segmented based on Regional markets, Solution, Service, Deployment, Enterprise Size and End User.

Competitive Analysis
The report covers and analyzes the Supply Chain Analytics market. As customers are in need of better and comprehensive solutions, the market will witness an increase in the number of strategic partnerships for better product development. With a large pool of startups offering customized solutions, the market is still very fragmented and will consolidate as mergers and acquisitions happen during the forecast period.

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The report contains an in-depth analysis of the vendor profiles, which include financial health, business units, key business priorities, SWOT, strategy; The prominent vendors covered in the report include IBM Corporation, SAP SE, SAS Institute Inc, Capgemini, Accenture, Oracle Corporation, Kinaxis, Bristlecone and others. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.

Companies including IBM Corporation, SAP SE, Capgemini, Accenture are the key players in the Supply Chain Analytics market. IBM is working with clients and developers across multiple industries to use blockchain to transform how business is done in areas such as banking and financial services and supply chain. SAP recently announced new products, services, and partnerships centered on advanced technologies such as artificial intelligence (AI) and analytics. BPCL is investing in digital technologies across the manufacturing and distribution supply chain and Capgemini was chosen as a key partner to assist BPCL in setting up a Shared Services Center (SSC).
The report also includes the complete insight of the industry, and aims to provide an opportunity for the emerging and established players to understand the market trends, current scenario, initiatives taken by the government, and the latest technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and to take informed decisions.

Regional Analysis
The Americas hold the largest chunk of market share in 2017 and is expected to dominate the Supply Chain Analytics market during the forecast period. With the increasing presence supply chain analytics solutions providers in the region and the need for increasing operational efficiency and reducing the costs of maintaining supply chains, modernizing logistics, transportation and warehouse operations, the market will experience a steep rise in this region.

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Benefits
The report provides an in-depth analysis of the Supply Chain Analytics market. Supply chain analytics solutions plays an important role in an organization as it helps in achieving the business growth, enhances profitability and increases market share by receiving valuable insights from the raw data that further help end-users to make data driven decisions, and provides a combined view of the supply chain. Such solutions provide organizations with a 360-degree visibility into their supply chain and helps in reducing inventory and warehousing cost, improves sustainability and profitability in the long run. The report discusses the Solution, Application, Service, End user, and regions related to this market. Further, the report provides details about the major challenges impacting the market growth.

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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