The global Supply Chain Analytics Market is expected to reach USD 9875.2 Million by 2025. Supply chain analytics completely transforms the business, particularly in the manufacturing, retail, automotive, and FMCG sector. It thus enables business and enterprise owners to land into better decisions. With the wave of digitization, having a strategic advantage turns out to be a boon for businesses; which further creates lucrative opportunities for data handling and analysis. Analytics thus enables automated data crunching at a massive scale for quick delivery on critical insights beneficial for businesses.

The driving factors for supply chain analytics industry include rising awareness among consumers and optimizing needs of consumers to cater to large demand for supply chain analytics. The rise in awareness among consumers regarding benefits of supply chain analytics emphasizes on data and forecast analysis with an objective to enhance the supply chain process.

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In addition, the deployment of supply chain analytic solutions enables the customers to choose for company’s profitability and increase the market share in the long term. However, factors such as inefficacy of supplier networks, surge in cost of warehousing, variation in consumer demands, and redundancy in forecasts is likely to affect the market growth in the forecast period.

By solution, the supply chain analytics market is segmented into procurement and planning, visualization and reporting & sales and operations. By Industry, the supply chain analytics industry is segmented into aerospace & defense, IT & Telecom, retail, pharmaceuticals and life sciences.

Geographical segmentation for supply chain analytics market includes North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa. Asia-Pacific’s supply chain analytics industry is likely to grow at a stupendous CAGR in the forecast period due to availability of large consumer pool and use of business intelligence for operations. In addition, the APAC’s market is likely to gain a positive traction in the forthcoming period owing to presence of small and large manufacturers. North American and European markets are likely to achieve a remarkable CAGR during the forecast period due to the use of analytics and forecast to identify consumer behaviour at large and to monitor the logistics and transportation.

The key players for supply chain analytics market include SAS Institute Inc, SAP SE, IBM Corporation, Oracle Corporation, IBM Corporation, Sage Clarity Systems, MicroStrategy Inc, Oracle Corporation, Genpact Ltd, Birst Inc, Kinaxis Inc, Tata Consultancy Services and Capgemini Inc.

Market Segment:

Solution Scope (Revenue, USD Million; 2014 - 2025)
• Logistics Analytics
• Manufacturing Analytics
• Planning & Procurement
• Sales & Operations Analytics
• Visualization & Reporting

Deployment Scope (Revenue, USD Million; 2014 - 2025)
• Cloud
• On-premise

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End-use Scope (Revenue, USD Million; 2014 - 2025)
• Retail & Consumer Goods
• Healthcare
• Manufacturing
• Transportation
• Aerospace & Defense
• High Technology Products
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa (MEA)

According to the latest research report “Healthcare Supply Chain Management Market by Component (Software, Inventory, Order, Warehouse, Purchase, Implant, Transport, Strategic Sourcing, Consignment, Hardware, Barcode, Scanner, RFID), Delivery (On Premise,Cloud), End User - Global Forecast to 2025”

[161 Pages Report] The global healthcare supply chain management market is projected to reach USD 3.3 billion by 2025 from USD 2.2 billion in 2020, at a CAGR of 7.9% during the forecast period.

The key factors driving the growth of this market include the adoption of GS1 system of standard in the healthcare industry globally, the emergence of cloud-based solutions, reduction in operational costs by improving the efficacy and increase in overall profitability.

What drives the market?

• Increasing pressure on healthcare providers to improve operational efficiency and profitability
• Implementation of the UDI initiative by the FDA
• Emergence of cloud-based solutions
• Adoption of the GS1 system of standards
• Continuous support in the form of funding, investments, and partnerships
• Large-scale drug counterfeiting in the pharmaceutical industry

However, the high cost of implementation of supply chain management software is expected to restrict market growth to a certain extent.

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The market in North America is projected to witness the highest growth rate during the forecast period (2020–2025).

North America is projected to register the highest growth during the forecast period. This large share can be attributed to factors such as the consolidation of hospitals, rising prevalence of chronic diseases, and growing awareness in the region. On the other hand, the European region is expected to grow at the second-highest CAGR during the forecast period, followed by APAC and later ROW.

Key Market Players

The healthcare supply chain management market is fragmented, with the presence of several large as well as emerging players. In 2019, SAP SE (Germany), Oracle Corporation (US), and Infor (US) were the leading players in the healthcare supply chain management industry. Other players include McKesson Corporation (US), TECSYS (US), Global Healthcare Exchange (US), Cardinal Health (US), Determine (US), Epicor (US), LLamasoft (US), Manhattan Associates (US), Blue Yonder Group, Inc. (JDA Software) (US), Cerner (US), Jump Technologies (US),  LogiTag Systems (US), Harris Affinity (US), Premier (US), Accurate Info Soft (US), Hybrent (US), and Arvato Systems (Germany).

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Recent Developments

• In 2020, Infor acquired Intelligent InSite.
• In 2019, Oracle launched Intelligent Track and Trace, a blockchain application
• In 2019, SAP SE partnered with Microsoft Corporation, to improve consumer adoption of SAP Cloud Platform and SAP S/4 HANA on Microsoft Azure.

Blockchain technology has applications in many areas and its popularity is growing day-by-day.