Global Supply Chain Analytics Market to Hit USD 31.7 Billion by 2034, Growing at 15.1% CAGR - Future Market Insights Inc

Supply Chain Analytics Market (2024-2034) drives growth, tackling globalization, consumer demands, and regulations, enabling efficiency and resilience globally.

NEWARK, DE, UNITED STATES, January 13, 2025 /EINPresswire.com/ -- The Supply Chain Analytics Market Outlook from 2024 to 2034 projects substantial growth, with the market forecasted to register a CAGR of 15.1% during the analysis period. Valued at USD 7.8 billion in 2024, the market is expected to surpass a staggering USD 31.7 billion by 2034, driven by technological advancements, evolving consumer demands, and a heightened focus on operational efficiency.

Global supply chains are becoming increasingly complex, necessitating sophisticated analytics tools to optimize logistics, mitigate risks, and enhance decision-making processes. Companies worldwide are investing in supply chain analytics (SCA) to address challenges such as fluctuating demand, supply disruptions, and regulatory compliance. This has led to widespread adoption of AI and machine learning (ML) technologies, facilitating accurate demand forecasting and inventory optimization.

Cloud-based SCA solutions are emerging as game-changers in the industry, offering scalability, flexibility, and cost savings. These platforms empower organizations, regardless of size, to deploy advanced analytics without the need for heavy infrastructure investments. Additionally, real-time insights powered by Internet of Things (IoT) integrations are enabling enterprises to monitor and track their supply chains with greater precision.

Regionally, North America dominates the market due to the early adoption of digital transformation initiatives and the presence of major technology providers. Meanwhile, the Asia-Pacific region is poised to witness exponential growth, fueled by rapid industrialization, a booming e-commerce sector, and increasing demand for efficient supply chain solutions in emerging economies.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

The supply chain analytics market is projected to grow at a CAGR of 15.1%, reaching a value of USD 31.7 billion by 2034.

North America leads the global market, with significant adoption across industries such as retail, healthcare, and manufacturing.

The Asia-Pacific region is expected to register the highest growth rate, driven by e-commerce expansion and industrial advancements.

Technological advancements, including AI, ML, and IoT integrations, are reshaping supply chain analytics capabilities.

Cloud-based solutions are witnessing rapid adoption due to their cost-effectiveness and scalability.

"𝐓𝐡𝐞 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧 𝐚𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐰𝐢𝐭𝐧𝐞𝐬𝐬𝐢𝐧𝐠 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐯𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐚𝐬 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠𝐥𝐲 𝐩𝐫𝐢𝐨𝐫𝐢𝐭𝐢𝐳𝐞 𝐝𝐚𝐭𝐚-𝐝𝐫𝐢𝐯𝐞𝐧 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧-𝐦𝐚𝐤𝐢𝐧𝐠 𝐭𝐨 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐱𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐠𝐥𝐨𝐛𝐚𝐥 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧𝐬. 𝐓𝐡𝐞 𝐚𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐬𝐮𝐜𝐡 𝐚𝐬 𝐀𝐈, 𝐌𝐋, 𝐚𝐧𝐝 𝐈𝐨𝐓 𝐡𝐚𝐬 𝐛𝐞𝐜𝐨𝐦𝐞 𝐜𝐫𝐮𝐜𝐢𝐚𝐥 𝐟𝐨𝐫 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧𝐢𝐧𝐠 𝐚 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐞𝐝𝐠𝐞, 𝐨𝐩𝐭𝐢𝐦𝐢𝐳𝐢𝐧𝐠 𝐥𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬, 𝐚𝐧𝐝 𝐞𝐧𝐬𝐮𝐫𝐢𝐧𝐠 𝐫𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞. 𝐖𝐢𝐭𝐡 𝐜𝐥𝐨𝐮𝐝-𝐛𝐚𝐬𝐞𝐝 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐠𝐚𝐢𝐧𝐢𝐧𝐠 𝐭𝐫𝐚𝐜𝐭𝐢𝐨𝐧, 𝐞𝐯𝐞𝐧 𝐬𝐦𝐚𝐥𝐥 𝐚𝐧𝐝 𝐦𝐞𝐝𝐢𝐮𝐦 𝐞𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞𝐬 𝐚𝐫𝐞 𝐧𝐨𝐰 𝐞𝐪𝐮𝐢𝐩𝐩𝐞𝐝 𝐭𝐨 𝐥𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐩𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐚𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬, 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐰𝐢𝐝𝐞𝐬𝐩𝐫𝐞𝐚𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐝𝐨𝐩𝐭𝐢𝐨𝐧. 𝐓𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐞𝐝 𝐠𝐫𝐨𝐰𝐭𝐡 𝐮𝐧𝐝𝐞𝐫𝐬𝐜𝐨𝐫𝐞𝐬 𝐭𝐡𝐞 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐫𝐨𝐥𝐞 𝐨𝐟 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧 𝐚𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐢𝐧 𝐬𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐠𝐥𝐨𝐛𝐚𝐥 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞." Opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.

𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

The market is segmented into software and services, with the software segment accounting for the largest share in 2024. Advanced analytics tools, including predictive and prescriptive analytics, are being widely adopted to address challenges such as demand forecasting, risk management, and route optimization. The services segment, comprising consulting, implementation, and maintenance, is also experiencing strong demand as companies seek expert guidance to maximize the utility of analytics solutions.

Emerging trends such as AI-powered analytics and IoT-based real-time monitoring are driving innovation within the software category. These tools are not only improving operational efficiency but also helping organizations achieve sustainability goals through waste reduction and optimized resource utilization.

𝐌𝐚𝐫𝐤𝐞𝐭'𝐬 𝐏𝐫𝐢𝐦𝐞 𝐃𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐧𝐭𝐬 𝐨𝐟 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

𝐒𝐞𝐯𝐞𝐫𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐫𝐞 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧 𝐚𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐦𝐚𝐫𝐤𝐞𝐭:

Technological Advancements: Innovations in AI and ML have revolutionized the way organizations analyze supply chain data, enabling accurate predictions and streamlined operations.

Growing E-Commerce Sector: The surge in online retail has heightened the need for efficient supply chain solutions to manage inventory and logistics.

Focus on Cost Optimization: With rising operational costs, businesses are increasingly relying on analytics to identify cost-saving opportunities and improve profitability.

Sustainability Goals: Companies are leveraging analytics to meet sustainability objectives by reducing waste, minimizing carbon footprints, and enhancing resource efficiency.

The integration of blockchain technology into supply chain analytics represents a significant opportunity, ensuring transparency and traceability in global trade networks.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐁𝐫𝐚𝐧𝐝𝐬

IBM Corporation

Oracle Corporation

SAS Institute Inc.

SAP SE

Capgemini SA

Tableau Software Inc.

Entercoms Inc.

Birst Inc.

Demand Solutions Group LLC

Tata Consultancy Services Ltd and Kinaxis Inc.

Key strategies employed by these players include acquisitions, partnerships, and continuous innovation to cater to evolving customer needs. Startups and niche players are also carving out a significant share by offering tailored solutions for specific industries, including healthcare, retail, and manufacturing.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

The growth of the supply chain analytics market is fueled by several key drivers:

Increased Focus on Digital Transformation: Industries are investing heavily in advanced analytics to modernize supply chain operations.

Rising Complexity in Supply Chains: Globalization and multi-tiered supply networks necessitate robust analytics solutions to manage complexities effectively.

Demand for Real-Time Insights: IoT-enabled tools are providing businesses with real-time visibility into their supply chains, driving better decision-making.

Regulatory Compliance: Stringent regulations related to trade, safety, and sustainability are compelling companies to adopt analytics solutions for compliance monitoring.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The North American market is at the forefront, benefiting from strong technology adoption, a mature e-commerce landscape, and significant investments in supply chain modernization. Key industries, including retail, manufacturing, and healthcare, are driving demand for advanced analytics solutions in the region.

In Europe, the market is supported by substantial government investments in digital transformation initiatives and sustainability-focused supply chain strategies. Countries such as Germany, the UK, and France are leading adopters of SCA technologies.

The Asia-Pacific region is expected to grow at the fastest rate, propelled by rapid industrialization, urbanization, and the burgeoning e-commerce sector. Countries like China, India, and Southeast Asian nations are experiencing a surge in demand for analytics solutions to manage complex and expanding supply chains.

Latin America and the Middle East & Africa regions are also witnessing steady growth, driven by emerging industries and increasing digitalization efforts.

𝐓𝐨 𝐆𝐚𝐢𝐧 𝐈𝐧-𝐃𝐞𝐩𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐁𝐫𝐨𝐰𝐬𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.futuremarketinsights.com/reports/supply-chain-analytics-market

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭

By Solution:

Based on solution, the industry is categorized into logistics analytics, manufacturing analytics, planning and procurement, sales and operations analytics, visualization, and reporting.

By Service:

Professional and support and maintenance are two services categorized in the supply chain analytics industry.

By Enterprise Type:

SMEs and large enterprises are bifurcated segments of the enterprise type of the sector.

By End Use Industry:

The sector is applicable to healthcare, retail and e-commerce, transportation and logistics, automotive, manufacturing, oil and gas, chemical, and other industries.

By Deployment:

On-premise and cloud-based are two segment categories of deployment in this industry.

By Regions:

A regional analysis has been conducted across key countries of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

𝐓𝐨𝐩 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭:

Global demand for Blockchain market size is expected to rise at a yearly growth rate of 34.1% Y-o-Y to US$ 155 Billion in 2032

The global supply chain management BPO market size had reached US$ 20,742.1 million in 2018. Demand for supply chain management BPO recorded y-o-y growth of 7.7% in 2022.

𝐀𝐮𝐭𝐡𝐨𝐫:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector across verticals in APAC, EMEA, and the Americas reflecting his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client's requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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