Supply Chain Analytics Market: Moving Towards a Brighter Future

Supply chain analytics is an algorithm that consists of mathematics, statistics, predictive modeling and machine-learning techniques. It helps convert business data including order, shipment, and transactional data of several industries such as, manufacturing, retail & consumer, healthcare, and transportation into meaningful insights.

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Supply chain analytics analyses data to provide accurate forecasting that is in tune with current and future market trends. Moreover, supply chain analytics solution is involved in providing real time analysis for huge data set. Rampant growth of unstructured data set through the data or record management of forecasting, transportation logistics, retail and manufacturing, data or transaction of banks and finance, and business tax are expected to boost the growth of overall supply chain analytics market globally, owing to the requirement of analysis and management of huge unstructured data set in shorter time span, which is labor intensive. For instance, machine learning algorithms are used in warehouses to demonstrate an intelligent stock management system for the prediction of resupply requirement in future. In Finance sector, supply chain analytics are used to predict capital costs or the probability of working capital, which helps to target the best suppliers and also provides prompt warning of budget overruns. In transportation, supply chain analytics software can forecast the impact of weather on shipments.

However, data security concern is the factor, which may restraint the growth of global supply chain analytics market.

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Key Vendors of Supply Chain Analytics Market: IBM Corporation, Microstrategy, Oracle Corporation, SAP SE, SAS Institute, INC., Capgemini Inc., Genpact, Kinaxis INC., Tableau Software, and Birst, Inc.

Supply Chain Analytics Market Taxonomy

On the basis of component, the global supply chain analytics market is segmented into:

Services
Solutions

On the basis of deployment mode, the global supply chain analytics market is segmented into:

Cloud 
On-Premises

On the basis of end user industry, the global supply chain analytics market is segmented into:

Retail and Consumer Packaged Goods (CPG)
Healthcare and Life Sciences
Manufacturing
High Tech and Electronics
Automotive
Aerospace and Defense

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