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)

The global Life Science Analytics Market is estimated to touch US$ 25.90 Billion by the year 2025. Growing digitalization in pharmaceuticals and life sciences business to increase its price chain is some of the important factors expected to increase the market above the prediction period. Additionally, decreasing efficiency of R&D and growing supervisory mistakes are approximately the reasons anticipated to motivate this market. The life science analytics market is estimated to develop at the CAGR of 12.9% for the duration of the prediction.

Growing price tag of healthcare is some of the essential factor expected to definitely influence the market. Emerging along with industrialized areas are fronting a lot of encounters in providing economical and qualitative attention. Likewise, administrative unpredictability, financial pressure, and absence of practical inventiveness may consequence in little finance for healthcare.

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More or less of the important features expected to increase the price of global healthcare are increasing number of claims relating to non-communicable sicknesses, main concern for wellness at place of work, and increasing emphasis on wellness between fully-grown and senior inhabitants. Increasing price of healthcare is estimated to increase demand for life science analytics to make more efficient third-party procedures and improve general budget.

The life science analytics market on the source of Type of Application could span Pharmacovigilance, Regulatory Compliance, Research and Development, Supply Chain Analytics, Sales and Marketing. The market on the source of Type of Delivery could span On-premises, on-demand. The market on the source of Type could span Prescriptive, Descriptive, Predictive, and Reporting.

The life science analytics market on the source of Type of Component could span Services, Software. The life science analytics market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction period could span North America [U.S., Canada], Latin America [Brazil, Mexico], Western Europe [Germany, U.K.], Asia Pacific [ Japan, China], Middle East & Africa [South Africa].

By the source of geography, North America had ruled the market in the year 2016. Greater problem of non-communicable diseases due to surge in elderly inhabitants and unnatural way of life is an important motivating issue.

Market Segment:

Type Outlook (Revenue, USD Million, 2014 - 2025)
• Reporting
• Descriptive
• Predictive
• Prescriptive

Component Outlook (Revenue, USD Million, 2014 - 2025)
• Software
• Services

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Application Outlook (Revenue, USD Million, 2014 - 2025)
• Research and Development
• Sales and Marketing
• Regulatory Compliance
• Supply Chain Analytics
• Pharmacovigilance

Delivery Outlook (Revenue, USD Million, 2014 - 2025)
• On-demand
• On-premises

Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa

[144 Pages Report]The healthcare fraud analytics market is projected to reach USD 4.6 billion by 2025 from USD 1.2 billion in 2020, at a CAGR of 29.8%.

Market growth can be attributed to the large number of fraudulent activities in healthcare; the increasing number of patients seeking health insurance; high returns on investment; and rising pharmacy claim-related frauds. However, the dearth of skilled personnel is likely to restrain the growth of Healthcare Fraud Detection Market.

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The descriptive analytics segment dominated the healthcare fraud analytics market in 2019

The Healthcare Fraud Detection Market is segmented based on solution type, delivery model, application, and end user. Based on the solution type, the descriptive analytics segment accounted for the largest share of the market in 2019. Descriptive analytics forms the base for the effective application of predictive or prescriptive analytics. Hence, these analytics use the basics of descriptive analytics and integrate them with additional sources of data in order to produce meaningful insights.

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By application, the insurance claims review segment accounted for the largest share of the Healthcare Fraud Detection Market in 2019

On the basis of application, the Healthcare Fraud Analytics Solutions Market is segmented into insurance claims review, pharmacy billing misuse, payment integrity, and other applications. In 2019, the insurance claims review segment dominated the healthcare fraud analytics market. The increasing number of patients seeking health insurance, the rising number of fraudulent claims, and the growing adoption of the prepayment review model are expected to drive the growth of this segment in the coming years.

North America will dominate the healthcare fraud analytics market from 2020–2025

Geographically, the global healthcare fraud detection market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. North America accounted for the largest share of the market in 2019. The high share of the North American market is attributed to the large number of people having health insurance, growing healthcare fraud, favorable government anti-fraud initiatives, the pressure to reduce healthcare costs, technological advancements, and greater product and service availability in this region.

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Key Healthcare Fraud Analytics Solutions Market Players:

The key players operating in the global Healthcare Fraud Analytics Market are International Business Machines Corporation (IBM) (US), Optum, Inc. (Optum) (US), SAS Institute, Inc. (SAS) (US), Change Healthcare(US), EXL Service Holdings, Inc. (EXL) (US), Cotiviti (US), Wipro Limited (Wipro) (India), Conduent, Inc. (Conduent) (US), Hindustan Computers Limited Technologies Limited (HCL) (India), Canadian Global Information Technology Group Inc. (CGI) (Canada), DXC Technology Company (DXC) (US), Northrop Grumman Corporation (Northrop Grumman) (US), LexisNexis Group (LexisNexis) (US), Pondera Solutions (Pondera) (US), WhiteHatAI (US), Healthcare Fraud Shield (US), FraudLens (US), HMS (US), and FraudScope (US).