According to a new report, published by KBV research, The Global Supply Chain Analytics Market size is expected to reach $24.9 billion by 2031, rising at a market growth of 17.5% CAGR during the forecast period.
The Solutions Segment is leading the Global Supply Chain Analytics Market by Component in 2023, achieving a market value of $16.1 billion by 2031. This substantial share underscores the critical role that software solutions play in the realm of supply chain management. These solutions encompass a wide range of functionalities, including demand forecasting, inventory management, transportation management, and comprehensive supply chain visibility. The robust adoption of these solutions can be attributed to their ability to provide real-time data insights, enhance decision-making processes, and optimize overall supply chain efficiency.
The Retail & Consumer Goods segment is anticipating a CAGR of 17.2% during (2024 - 2031). Retailers are increasingly adopting analytics to enhance their inventory management practices, forecast consumer demand accurately, and optimize logistics operations. As the e-commerce landscape continues to evolve, data-driven decision-making becomes paramount. Retailers leverage supply chain analytics to improve customer satisfaction and adapt to changing market dynamics, positioning themselves competitively in the market.
The Large Enterprises segment is generating the maximum revenue in the Global Supply Chain Analytics Market by Organization Size in 2023; thereby, achieving a market value of $15.1 billion by 2031. The large enterprise segment emerged as the dominant player, capturing the highest revenue share within the market. This trend underscores the significant investments and comprehensive resources that larger organizations are willing to allocate toward enhancing their supply chain efficiency. These enterprises can derive actionable insights that drive informed decision-making and facilitate operational improvements using advanced analytics tools and technologies.
The On-Premise segment is registering a CAGR of 15.9% during (2024 - 2031). Many organizations still prefer on-premises deployments due to specific security, compliance, and control requirements. Industries such as manufacturing and pharmaceuticals, which often deal with sensitive data, tend to favour on-premises systems that allow them to maintain direct oversight of their information and analytics processes. The on-premises segment is crucial, particularly among businesses prioritizing data security and customization capabilities.
Full Report: https://www.kbvresearch.com/supply-chain-analytics-market/
The North America region dominated the Global Supply Chain Analytics Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9.3 billion by 2031. The Europe region is experiencing a CAGR of 17.1% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 18.4% during (2024 - 2031).
By Component
By End Use
By Organization Size
By Deployment
Unique Offerings 
