The supply chain analytics market size is expected to grow from USD 3.6 billion in 2018 to USD 7.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.
Increasing volume and velocity of data, need to enhance operational and supply chain efficiencies, and advent of Artificial Intelligence (AI) and machine learning into supply chain management would drive the market growth. However, data security issues and inaccuracies in data sets are expected to restrain the market growth. Factors such as increasing adoption of cloud-based supply chain analytics and increasing awareness of supply chain analytics tools among organizations would create opportunities.
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Software segment to constitute a larger market size during the forecast period
The supply chain analytics market by component covers software and services. The software segment outperforms the services segment and would see maturation in the future due to the higher adoption of software. The demand for software, such as inventory analytics, demand analysis and forecasting, and supplier performance analytics, would drive the market growth.

Demand analysis and forecasting segment to grow at the highest CAGR during the forecast period
Demand analysis and forecasting is one of the major software in the supply chain analytics market that helps companies forecast the future demands for a product through historical data analysis. Demand forecasting helps the company manage inventory levels during peaks and troughs, thereby ensuring the products are not overstocked or understocked. The demand analysis and forecasting software facilitates businesses to boost their service levels, shorten cycle times, reduce inventory investment, and minimize obsolescence.

Cloud deployment model to grow at a higher CAGR during the forecast period
The cloud deployment model is expected to grow at a higher CAGR during the forecast period. Cloud-based solutions are gaining a firm hold in the market due to various benefits, such as cost control, resource pooling, and less implementation time.

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North America to account for the largest market size during the forecast period
The global supply chain analytics market by region covers 5 major geographic regions: North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is expected to account for the largest market size during the forecast period. North America is expected to hold the highest market share and dominate the market from 2018 to 2023, due to the presence of a large number of solution vendors in the US. The APAC region is witnessing significant growth opportunities, owing to growing technology expenditures in major countries, such as Japan, China, and India, and the demand for cost-effective analytical software and services among Small and Medium-sized Enterprises (SMEs).


The study includes an in-depth competitive analysis of these key players in the supply chain analytics market with their company profiles, recent developments, and key market strategies.

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Key Market Players
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 an in-depth competitive analysis of these key players in the supply chain analytics market with their company profiles, recent developments, and key market strategies.

Recent Developments:
• In October 2018, the company released Watson Supply Chain Insights that offers real-time data about supply chain operations to supply chain officers. The company has been continuously investing in R&D to focus on high-growth strategic opportunities and expand its market presence.
• In May 2018, Oracle launched new AI cloud applications for supply chain managers to discover patterns and gain insights on product issues. The strong network of channel partners and distributors has strengthened the reach of the company across the world.

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