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By apacciooutlook | Friday, October 11, 2019
FREMONT, CA: Data mining is one of the key drivers enhancing business growth by leveraging voluminous data, charts and patterns of consumers. The latest report on global supply chain analytics by Market Research Store forecasts the growth of Supply chain analytics at a CAGR of 16.95% to touch $8.19 Bn by 2022.
The latest report, Global Supply Chain Analytics Market Outlook (2014-2022), highlights the need of efficient database management tools across industry verticals. The supply chain market growth is hindered by the lack of data visibility and inconsistency in product line.
The fastest-growing regions in the supply chain analytics market are Asia Pacific (APAC), Latin America (LA), and Middle East and Africa (MEA) while retail and healthcare sectors are the largest segments of the Supply chain analytics market. In the midst of thriving technological development, factors such as Real-time data visibility in international business, lack of careful planning and execution techniques to streamline process, rigid network and product line inconsistency still undermining the growth of the market.
The report gives valuable insights by segmenting the Global Supply Chain Analytics Market on the basis of Deployment, Application, Service, Solution and geography. These market segments are further subdivided, on the basis of Deployment: as On-site and cloud; on the basis of Application: as Electronics, Automotive, Healthcare and Life Sciences, Manufacturing, Retail and Consumer Packaged Goods, Defense and Aerospace and Defence; on the basis of service: as Support and Maintenance Services and Professional Services; on the basis of Solution: as Visualization and Reporting Tools, Transportation and Logistics Analysis, Supply Chain Planning and Procurement, Sales and Operations Planning and Manufacturing Analytics; on the basis of Geography: as North America, Europe, Asia Pacific and Rest of the world.
Companies such as Tableau, SAS Institute.INC., SAP SE, Oracle Corporation, MICROSTRATEGY, Kinaxis INC., IBM Corporation, Genpact, Capgemini and Birst.INC are the key players of Global Supply Chain Market.