Title: Supply Chain Analytics Market Overview by Growth Opportunities and Forecast by 2027
1Supply Chain Analytics Market Study by
Competitive Analysis and Growth Prospects to 2027
- The transaction added RSis solutions to the
market leading IRI Liquid Data technology
platform and also provided the company with the
most comprehensive supply chain solution. The
acquisition also offered the largest repository
of anonymous and de-identified consumer data
assets in the CPG sector, providing long-term
effect and augmented value to the companys
customers. - Recent trends in the global supply chain market
are driven by an upsurge in the execution of
collaborative strategies by key industry
participants. Citing an instance, in October
2020, IRI announced its acquisition of Retail
Solutions, Inc., a prominent provider of supply
chain solutions for CPG retailers and
manufacturers.
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2- The supply chain analytics tools are also used to
increase efficiency and reduce of overhead costs
in the transport and logistics industry. Supply
chain analytics techniques enable companies to
make proactive decisions for ensuring business
efficiencies as they provide a comprehensive view
of the overall operations. Driven by the
aforementioned factors, the transport and
logistics segment is projected to exhibit
significant growth through 2027.
- Similar advancements are set to boost supply
chain analytics industry share, impelling the
business landscape over the coming years. On this
note, the global supply chain analytics market
size is projected to surpass USD 10 billion by
2027, according to the latest research by Global
Market Insights, Inc.
- This escalation is primarily ascribed to the
increasing demand for inventory analytics
solutions owing to advanced capabilities such as
tracking of transport warehouse equipment and
inventory turnover. These solutions are also
popular amongst companies as they facilitate the
optimization of inventory costs and real-time
visibility across supply chains. The inventory
analytics solution segment in the supply chain
analytics industry is expected to grow at a
commendable CAGR of more than 13.0 per cent
through the assessment span.
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4- The Asia Pacific supply chain analytics market is
expected to exhibit a remarkable CAGR of more
than 20 per cent through 2027. This upsurge is
chiefly attributed to the persistent growth in
the infrastructure, retail, and logistics
industries across several countries.
Additionally, various private and public sector
enterprises are also focusing on the development
of analytics solutions for mitigating the impact
of supply chain disruptions. This has helped in
fostering the growth of the supply chain
analytics industry in the region.
- Prominent supply chain analytics companies
comprise Blue Yonder Group, Inc., Infor, SAP SE,
Capgemini SE, Oracle Corporation, IBM
Corporation, and others. These participants are
focusing on the development of integrated supply
chain analytics tools for the effective
management of supply chains. Considering an
instance, Tecsys, Inc., rolled out an integrated
Microsofts BI tool with its order management
analytics platform in January 2020. This
integration facilitated the company in ensuring
cloud-based access to a large volume of data
generated by retailers and companies.
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