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Supply Chain Analytics Market Size By Component (Solution, Service), By Application (Retail, Manufacturing, Transportation & Logistics, Healthcare, Government & Defense, Automotive, Energy & Utilities), Organization Size, Deployment Size & Forecast, 2023 – 2032

  • Report ID: GMI2024
  • Published Date: Jan 2023
  • Report Format: PDF

Industry Drivers

Supply Chain Analytics Market size crossed USD 6 billion in 2022 and is anticipated to exhibit a 15% CAGR from 2023 to 2032.

Supply Chain Analytics Market

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The swiftly expanding e-commerce sector, particularly across developing countries such as India and China is expected to offer lucrative business prospects for the market. As per the 2022 Global Payments Report by FIS, the e-commerce business in India is estimated to witness 96% growth between 2021 and 2025, surpassing USD 120 billion in transaction value. Rapid urbanization, increasing disposable income, along with the widespread penetration of smartphones and the internet are accelerating the rise in e-commerce activities. Furthermore, the increasing preference for online shopping is compelling the need for a robust supply chain for on-time deliveries.

Rising data security concerns may hamper the industry outlook

The mount in privacy concerns and data security issues may impede the adoption of supply chain analytics to some extent. The rising dependence on big data analytics has also led to a surge in the number of sophisticated privacy breaches, negatively influencing the supply chain analytics market dynamics. Therefore, organizations are turning to data masking solutions to prevent breaching incidents and protect customer identities. However, the growing integration of technologies such as IoT and AI for superior software features and enhanced security will complement the market.

Integration of AI and IoT in the retail sector to enhance supply chain analytics applications 

Supply Chain Analytics Market Share, By Application

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The supply chain analytics market from retail applications segment is predicted to register over 15% CAGR till 2032. The retail sector is undergoing significant transformation with the integration of technologies, such as IoT and AI. The rise in digital shopping and automation of retail operations will proliferate the demand for supply chain analytics solutions and services. The increasing population, urbanization, and digitization are also contributing to the upsurge in retail business across developed and developing countries.

The market share from the government & defense application segment will witness lucrative expansion during the projected timeline. Big data analytics is gaining substantial demand across government and defense applications, such as the management of multi-tiered supply chains and global supplier networks. Sophisticated supply chain analytics solutions are experiencing high demand due to the growing need for enhanced visibility, cost-saving, and spend aggregation across different operational setups.

Emergence of fourth industrial revolution to foster preference for supply chain analytics solutions

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of supply chain analytics crossed USD 6 billion in 2022 and is anticipated to exhibit a 15% CAGR from 2023-2032.

The solutions segment accounted for 60% market share in 2022, due to the rising adoption of cloud-based solutions driven by the emergence of industry 4.0.

The market size for supply chain analytics in Asia Pacific is expected to record over 20% CAGR between 2023-2032 owing to increasing public investments in small and medium-sized enterprises (SMEs).

Antuit.ai, Axway Inc., Bridgei2i, Capgemini SE, Halo BI, Infor, SAP SE, Savi Technology, TIBCO Software, and Voxware are some of the major participants in the market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 433
  • Countries covered: 22
  • Pages: 190
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