Supply chain analytics market to reach US$9.8bn by 2025
ResearchandMarkets.com, the world’s largest market research store, has highlighted the “Supply Chain Analytics Market Analysis Report By Enterprise Size, By Service, By Deployment, By Solution, By End-use (High Technology Products, Manufacturing, Healthcare), And Segments Forecasts, 2018-2025” amongst its offering
In a press release, ResearchandMarkets said the report indicates the global supply chain analytics market is set to reach a value of US$9.68bn by 2025 at a compound annual growth rate of 16.2% over the period.
“Growing need to manage a large amount of business data and use derived insights is triggering the demand for supply chain analytics,” the statement said.
“Increasing awareness among enterprises regarding benefits offered by supply chain analytics is instrumental in accelerating the demand for analytic solutions in order to improve perceptibility levels across the entire supply chain enablers.”
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ResearchandMarkets said the growth will be stimulated by the capability of analytics platforms to enhance a business’s growth and profitability whilst gaining market share through illuminating insights that drive improved strategy.
Insights can highlight ineffective factors in supply chains that negatively impact profits, product life cycles, and storage.
Greater understanding of customer demand, particularly, enables a more incisive optimization of supply chain operations, the statement said, stimulating demand for integrable analytics platforms.