Supply Chain Analytics Software Market – Global Trend and Outlook to 2029
Supply Chain Analytics Software refers to software solutions that help organizations analyze and optimize their supply chain operations. These solutions typically include features such as real-time visibility, predictive analytics, demand forecasting, inventory optimization, and supplier management.
The Global Supply Chain Analytics Software Market is expected to grow significantly in the coming years as organizations increasingly focus on improving supply chain efficiency and reducing costs. According to a report by HTF MI, the global Supply Chain Analytics Software market size was valued at USD 3.6 billion in 2020 and is expected to reach USD 8.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period.
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The report cites several factors driving market growth, including the increasing demand for real-time data analytics, the growing need for end-to-end supply chain visibility, and the rising adoption of cloud-based solutions. In addition, the increasing complexity of supply chain operations and the need to optimize inventory and reduce costs are also driving market growth.
Global Supply Chain Analytics Software Market Breakdown by Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Diagnostic Analytics, Others) by Enterprise size (SMEs Enterprise, Large Enterprise) by Deployment (On premise, Cloud) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Some of the key players in the Supply Chain Analytics Software market include NATIX (Germany), QlikTech Inc. (United States), Fundbox (United States), Deloitte (United Kingdom), Accenture PLC (Ireland), Oracle Corporation (United States), SAP SE (Germany), TIBCO Software Inc. (United States), Software AG (Germany), Cloudera Inc. (United States), Savi Technologies Inc. (United States). These companies are investing heavily in research and development to enhance their supply chain analytics software offerings and gain a competitive edge in the market.
Overall, the Supply Chain Analytics Software market is poised for significant growth as organizations seek out solutions to optimize their supply chain operations and reduce costs.
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