Supply Chain Analytics Market Worth $7.1 Billion by 2023 - Exclusive Report by MarketsandMarkets - Seite 2

Retail and consumer goods industry vertical to garner the largest market size during the forecast period 

The retail industry vertical is undergoing substantial transformations with rapid economic and income growth in emerging nations. Big data has emerged as a pivotal element in building business development strategies. The industry is facing various challenges, such as long-term uptrend in commodity, raw material prices, changing supply chain architecture, and cost-trend dynamics. Supply chain analytics helps design and develop cost-competitive global business strategies for enhancing business productivity, optimizing transportation and logistics networks, and lowering costs. Supply chain analytics solutions also offer various other benefits, such as inventory planning and optimization, reduction in logistics and transportation costs, and enhanced overall profitability to organizations working in the industry.

North America to account for the largest market size during the forecast period 

North America is expected to account for the largest market size in the overall Supply Chain Analytics Market during the forecast period. This region houses some of the major vendors of data analytics specialized in offering supply chain analytics solutions, such as SAS Institute, IBM, Oracle, and Tableau. These players have their headquarters, as well as direct sales offices in the region. Major retail chains across the US and Canada have already embraced analytics in their supply chain processes and are leveraging its benefits. For instance, Walmart initiated its own Walmart Data Café, which was developed on SAP HANA's in-memory engine.

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The Supply Chain Analytics Market comprises major solution providers, such as SAP (Germany), Oracle (US), IBM (US), SAS Institute (US), Software AG (Germany), MicroStrategy (US), Tableau (US), Qlik (US),TIBCO (US), Cloudera (US), Logility (US), Savi Technology (US),Infor (US), RELEX Solutions (Finland), TARGIT (Denmark), Voxware (US), The AnyLogic Company(US), Antuit (US), Axway (US), AIMMS (Netherlands), BRIDGEi2i (India), Domo (US), Datameer (US), 1010data(US), Rosslyn Analytics(UK). The study includes in-depth competitive analysis of these key players in the supply analytics market with their company profiles, recent developments, and key market strategies.