Sarasota, FL -- (SBWIRE) -- 10/19/2018 -- Zion Market Research has published a new report titled "Supply Chain Analytics Market By Solution (Logistics Analytics, Manufacturing Analytics, Sales & Operations Analytics, Supply Chain Planning And Procurement, And Visualization & Reporting), By End-user (Transportation & Logistics, Manufacturing, Retail & Consumer Goods, Healthcare, Aerospace & Defense, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024". According to the report, global supply chain analytics market was valued at approximately USD 3.16 billion in 2017 and is expected to reach approximately USD 7.81 billion by 2024, growing at a CAGR of around 13.80% between 2018 and 2024.

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For achieving the competitive advantage, the supply chain can be a great place to use analytics tools, because of the complex nature of supply chain. Supply chain plays a prominent role in the company's profitability and cost structure. Supply chain analytics helps in improving operational efficiency and facilitating data-driven decisions at the strategy and operational level. By using predictive analytics companies are presenting their best outcomes based on huge historical data and live updated data from the cloud that are offering more data than before.

Increasing the necessity to improve customer satisfaction, lower operational costs, improve productivity, and achieve sustainable business growth through the optimized supply chain is driving the supply chain analytics market growth. The capability of supply chain analytics tools to increase automation efficiency and artificial intelligence for driving proactive solutions is further expected to contribute to the supply chain analytics market growth. Factors, such as low visibility of the real-time data and lack of awareness, may hinder the supply chain analytics market growth. Nonetheless, supply chain analytics helps companies in managing inventory, raw material, and work in progress that satisfy more customers without increasing the stock level. Moreover, increasing the adoption rate of mobile-based solutions is expected to fuel the supply chain analytics market growth in coming years. However, low visibility of real-time data traffic and less awareness about supply chain analytics solutions may hinder the growth of supply chain analytics market across the globe.

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Supply chain analytics market is segmented based on the solution, end-user, and region. Solution segment included in this market are logistics analytics, manufacturing analytics, sales & operations analytics, supply chain planning and procurement, and visualization & reporting. The end-user segment includes transportation & logistics, manufacturing, retail & consumer goods, healthcare, aerospace & defense, and others. Among end-users, the manufacturing segment holds the largest share in the global supply chain analytics market. Growing demand for product availability and timely delivery has been pressurizing manufacturing companies to meet the increasing demand. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among region, North America is anticipated to have the largest market share in the global supply chain analytics market. This is primarily due to increasing adoption of digital supply network (DSN) across North America. Many American organizations are using DSN to achieve their business objectives. DSNs integrate data from many locations and sources to compel the physical act of manufacturing and distribution. DSNs make supply chains to be an integral part of decision-making and strategic planning. Asia Pacific region is the fastest growing region due to increasing preferences towards customer satisfaction in the ecosystem.

Major players operating in supply chain analytics market are IBM Corporation, SAS Institute Inc., SAP SE, Kinaxis Inc., MicroStrategy Inc., Oracle Corporation, Sage Clarity Systems, Birst, Inc., Genpact Ltd., and Capgemini Group, among others.

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The report segments the supply chain analytics market into:

Global Supply Chain Analytics Market: Solution Segment Analysis

Logistics Analytics
Manufacturing Analytics
Sales & Operations Analytics
Supply Chain Planning and Procurement
Visualization & Reporting

Global Supply Chain Analytics Market: End-user Segment Analysis

Transportation & Logistics
Manufacturing
Retail & Consumer Goods
Healthcare
Aerospace & Defense
Others

Global Supply Chain Analytics Market: Regional Segment Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa