The supply chain analytics market is expected to grow at a CAGR of 20.07% and reach a value of USD 10,121.6 million by 2027. Factors driving the market growth include the need to improve business processes, rising demand for omnichannel retailing, and the need to enhance supply chain visibility. North America is projected to contribute 39% to the market growth. Leading vendors in the market include Cloudera, Datameer, Infor, IBM, and Manhattan Associates. The market is segmented by end-user (retail, manufacturing, healthcare, transportation, and others) and geography (North America, Europe, APAC, Middle East, Africa, and South America).
FAQs: Supply Chain Analytics Market Size Increase
1. How much is the Supply Chain Analytics market expected to grow by?
- The Supply Chain Analytics market size is expected to increase by USD 10,121.6 million.
2. What is the forecast period for the market growth?
- The market growth forecast is from 2023 to 2027.
3. What factors are driving the growth of the Supply Chain Analytics market?
- The growth is driven by the increased need to improve business processes, along with the emergence of technologies such as big data, IoT, and workflow automation.
4. Which sector within the Supply Chain Analytics market is in the growth phase?
- The retail segment is particularly in the growth phase due to the adoption of these emerging technologies.
5. What is the expected CAGR for the Supply Chain Analytics market?
- The Supply Chain Analytics market is expected to grow at a CAGR of 20.07% during the forecast period.
6. Who published the report on the Supply Chain Analytics market forecast?
- The report on the forecast and analysis of the Supply Chain Analytics market was published by Technavio.
7. Why is the Supply Chain Analytics market set to soar?
- The market is set to soar due to a projected Compound Annual Growth Rate (CAGR) and the increasing adoption of advanced technologies for analytics in the supply chain sector.
8. What are some of the technologies influencing the growth of the Supply Chain Analytics market?
- Technologies such as big data analytics, the Internet of Things (IoT), and workflow automation are key influencers of market growth in the Supply Chain Analytics field.
9. What is the significance of Supply Chain Analytics?
- Supply Chain Analytics helps organizations improve their supply chain processes by providing insights that can lead to more effective demand forecasting, inventory management, and decision-making, directly impacting efficiency and cost savings.
10. Where can I find more information about the Supply Chain Analytics market growth?
- Detailed information on the market growth can be found in reports published by market research firms like Technavio, and articles from reputable news sources such as Yahoo Finance. Here are some links for reference:
- Yahoo Finance Report on Supply Chain Analytics Market Size
- Yahoo Finance Report on Supply Chain Analytics Market Growth
- Yahoo Finance Article on Supply Chain Analytics Market CAGR
Please note that these are synthesized answers based on the search results and the actual content should be verified through the provided sources.