United States/WA: Supply Chain Analysis Market Will Boom In Near Future Report Pages:[130 Pages] Competitive Landscape: Major players operating in the global supply chain analytics market include Manhattan Associates, Inc., Maersk Group, Lockheed Martin Corporation, Kinaxis, JDA Software Group, Inc., International Business Machines Corporation, Genpact Limited, Capgemini SA, Birst, Inc., Aera Technology, and Accenture PLC. […]
Global Supply Chain Analytics Market Growth Driven by Healthcare Investments
United States/WA: Supply Chain Analysis Market Will Boom In Near Future
Report Pages:[130 Pages]
Competitive Landscape:
Major players operating in the global supply chain analytics market include Manhattan Associates, Inc., Maersk Group, Lockheed Martin Corporation, Kinaxis, JDA Software Group, Inc., International Business Machines Corporation, Genpact Limited, Capgemini SA, Birst, Inc., Aera Technology, and Accenture PLC.
Market Overview:
Supply Chain Analysis is a large topic in today’s business environment. However, Supply Chain Analysis can play a big part in it. Supply chain management involves the whole life cycle of goods from raw materials to finished goods. It also takes into account how suppliers interact with clients, how they interact with them, and how their interactions affect the whole chain. Many supply chain processes are automated but many are not, and supply chain management software can help identify which activities are time-consuming or inefficient and can be automated. Supply chain analytics refers to the study of data that businesses draw from various applications tied to the supply chain, such as supply chain management systems for inventory, manufacturing, procurement, order management, and shipping. The primary objective of this research is to identify ways to improve logistics productivity, shorten product cycles, and enhance system performance.
Key Market Drivers:
Increasing investment in the global healthcare sector is the main factor that is enhancing the growth of the global supply chain analytics market. For instance, according to reports from Business Wire, the global healthcare market is projected to reach US$ 11,908.9 billion by the year 2022. Moreover, increasing awareness related to benefits offered by supply chain analytics (SCA) solutions, which includes meaningful synthesis of business data, wastage minimization, supply chain optimization, and forecasting accuracy, is expected to boost the growth of the global supply chain analytics market.
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Covid-19 Impact Analysis
The impact of the COVID-19 has been quite rampaging in the growth of the global supply chain analytics market, owing to the increasing number of cases in the world. For instance, according to Worldometers, till now there have been around 3.26 positive COVID-19 cases in the world. Moreover, the strict transport rules along with social distancing rules have also impacted the growth of the market.
Key Takeaways
- The size of the global supply chain analytics market was evaluated at around US$ 3.5 billion in 2020 and a CAGR of 19.8% is projected to reach around US$ 8.8 billion by 2025, owing to increasing investment in the global artificial intelligence (AI) sector. For instance, according to The Hindu, global businesses are projected to invest around US$ 98 billion in AI by the end of 2023.
- North America is expected to hold a major share of the global supply chain analytics market, owing to the increasing investment in the AI sector. For instance, according to the Association for the Advancement of Artificial Intelligence, private investments in 2020 in AI from the United States amounted to around US$ 23.6 billion.
- The Asia Pacific is estimated to witness significant growth in the global supply chain analytics market, owing to the increasing investment in the health sector in developing nations. For instance, according to Invest India’s Investment Grid, around 600 investments opportunities are amounting to around US$ 32 billion in the nation’s medical or hospital infrastructure sub-sector.
Supply Chain Analytics Market, By Component (Solution and Services), By Deployment Mode (Cloud and On-premises), By End-user Industry (Retail and Consumer Packaged Goods (CPG), Healthcare and Life Sciences, Manufacturing, High Tech and Electronics, Automotive, and Aerospace and Defense), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, And Africa) – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026.
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The post [PDF] The Global Supply Chain Analytics Market Is Witnessing High Growth Owing To the Increasing Investments in the Healthcare and Artificial Intelligence Sectors in the World appeared first on Gatorledger.
