WILMINGTON, DE, UNITED STATES, June 5, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global supply chain analytics market was pegged at $4.53 billion in 2019, and is expected to reach $16.82 billion by 2027, registering a CAGR of 17.9% from 2020 to 2027.

Increase in need of improving operational and supply chain efficiencies, rise in adoption of Big Data technologies, and supporting initiatives by transportation & logistics for Big Data projects fuel the growth of the global supply chain analytics market. On the other hand, inaccuracies in data and lack of skilled IT staff hamper the market growth. Moreover, growth in awareness for benefits associated with supply chain analytics and rise in demand for cloud-based supply chain analytics solution are expected to usher a plethora of opportunities in the coming years.

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Impact of Covid-19 on Supply Chain Analytics Market:

The demand for supply chain analytics has increased across various industries during the Covid-19 outbreak.

In addition, the demand for supply chain analytics is expected to hike post-pandemic as well, owing to the fact that it would enable the companies to examine business continuity scenarios.

The global supply chain analytics market is segmented on the basis of component, deployment, enterprise size, industry vertical, and region.

Asia-Pacific is anticipated to exhibit highest growth rate during the forecast period, owing to rise in investment on Big Data analytics & digitalization. Furthermore, surge in usage of supply chain analytics in the retail & e-commerce industry to analyze demand patterns & forecast, and large presence of manufacturing, retail companies are further boosting the demand of supply chain analytics market.

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The global supply chain analytics market is studied across various regions including Asia-Pacific, North America, LAMEA, and Europe. The market across North America, accounted for the highest share in terms of revenue, with two-fifths of the total market share in 2019. Nevertheless, the Asia-Pacific region is projected to showcase the fastest CAGR of 20.8% from 2020 to 2027.

The key players operating in the global supply chain analytics market analysis include Oracle, SAP SE, IBM, SAS Institute, Microstrategy, Tableau, Qlik, Infor Inc., Kinaxis Inc., and Manhattan Associates.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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