The Europe Supply Chain Analytics Market would witness market growth of 17.1% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Supply Chain Analytics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,671.7 million by 2031. The UK market is exhibiting a CAGR of 16.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 17.9% during (2024 - 2031).
Supply chains are susceptible to risks, including natural disasters, geopolitical events, and supplier insolvencies. Analytics enables organizations to assess risks in their supply chains and develop contingency plans, enhancing resilience and responsiveness to disruptions.
Moreover, organizations can leverage analytics to optimize their supply chain network, considering factors such as facility location, transportation costs, and customer demand. Businesses can make informed decisions regarding facility placements and distribution strategies by simulating different scenarios.
The rising production of high-tech products in Europe significantly reshapes the supply chain analytics market. According to Eurostat, the production of high-tech products sold increased from €271 billion in 2013 to €406 billion in 2023. This substantial growth illustrates not only the increasing demand for cutting-edge technologies but also the complexities that come with managing their supply chains. As high-tech products account for 19% of total extra-EU imports and 18% of total extra-EU exports in 2023, the efficient management of supply chains becomes critical to ensuring that European manufacturers can compete.
Free Valuable Insights: The Global Supply Chain Analytics Market will Hit USD 24.9 Billion by 2031, at a CAGR of 17.5%
Based on Component, the market is segmented into Solutions (Sales & Operations Analytics, Logistics Analytics, Manufacturing Analytics, Planning & Procurement, and Visualization & Reporting) and Services (Professional Service and Support & Maintenance). Based on End Use, the market is segmented into Manufacturing, High Technology Products, Retail & Consumer Goods, Healthcare, Transportation, Aerospace & Defense, and Other End Use. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Deployment, the market is segmented into Cloud and On-Premise. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Component
By End Use
By Organization Size
By Deployment
By Country
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