Supply Chain Big Data Analytics Market Size By Solution Outlook, By Service Outlook


Posted September 9, 2021 by jennysmith22119

Supply Chain Big Data Analytics Market size was valued at USD 3.66 Billion in 2020 and is projected to reach USD 13.37 Billion by 2028.

 
Supply Chain Big Data Analytics Market Size And Forecast

Supply Chain Big Data Analytics Market size was valued at USD 3.66 Billion in 2020 and is projected to reach USD 13.37 Billion by 2028, growing at a CAGR of 17.47% from 2021 to 2028.

Due to the extremely growing number of data sources generated as a result of the adoption of IoT solutions, beacons, and RFID technologies across the supply chain, the retail industry currently holds a significant share of the supply chain big data analytics market and is expected to present vast growth opportunities. The Global Supply Chain Big Data Analytics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Supply Chain Big Data Analytics Market Definition
The procedures that firms employ to acquire insight and extract value from the massive amounts of data connected with the purchase, processing, and delivery of goods are referred to as supply chain analytics. The use of supply chain analytics is an important part of supply chain management (SCM). Big Data refers to the massive amounts of organized and unstructured data that organizations use to identify trends and patterns in human behavior and interactions. Firms can now access, store, and process huge amounts of data thanks to advances in information technology. Organizations are analyzing data sets and generating significant insights to apply to their operations, demonstrating the importance of Big Data in any industry. Analytics is being used in a variety of industries, from food and beverage distribution to high tech. Because of the broad adoption of digital technologies, Big Data Analytics (BDA) has emerged as a vital business competency for firms seeking to extract value from an ever-increasing volume of data and achieve a competitive advantage.

Global Supply Chain Big Data Analytics Market Overview
With the adoption of IoT solutions, beacons, and RFID technologies across the supply chain, the retail industry currently holds a significant share of the supply chain big data analytics market, and it is expected to present vast growth opportunities, owing to the growing number of data sources being generated. Retailers also use IoT devices and solutions to analyze customer data, track stock levels, and build customer connections. All of these technological advancements not only make it easier to trace products along the supply chain but also aid in acquiring a better understanding of client behavior.

Get | Download Sample Report @ https://www.verifiedmarketresearch.com/download-sample?rid=6238&utm_source=Free&utm_medium=004

The increase is being fueled by increasing awareness of the benefits of supply chain analytics (SCA) solutions, such as forecasting accuracy, supply chain optimization, waste minimization, and meaningful synthesis of corporate data. Supply-demand gaps are frequently caused by a lack of insight into supply chain activities.

Demand for advanced analytics solutions is likely to rise across industry verticals as data grows and the need for a unified cost-cutting solution persists. Big data has become a critical component in the development of corporate development plans. Furthermore, cost-cutting and resource-saving are two of the top concerns of businesses, both of which can be achieved through proper supply-chain optimization. As a result, the usage of data strengthens the analytical capacity of such analytical solutions and gives businesses significant insights into the core causes of lost productivity and decreased velocity. Cost reduction, transportation network design, and route optimization, inventory optimization, risk management, customer collaboration, and worldwide integration are all benefits of supply chain analytics for businesses.

Furthermore, the widespread usage of IoT devices in industries such as automotive, healthcare, and manufacturing has resulted in the collection of massive amounts of data, prompting a boom in the adoption of such solutions in supply chains. Businesses that use supply chain analytics tools confront concerns about security and privacy. Enterprises have confidential data that must be protected to avoid data breaches and theft, which could harm the company’s reputation. Data from businesses could leak over the internet and be accessed by unauthorized individuals, a rising issue.

In logistics and transportation, cloud-based supply chain analytics solutions allow businesses to connect, engage, and cooperate with customers, business partners, and suppliers. It also assists businesses in developing a secure, dependable, and integrated transportation management system that provides consumers with real-time information. Electronics equipment manufacturing, automotive, food and beverage manufacturing, machinery and industrial equipment manufacture, pharmaceuticals, government, and energy and utilities are among the industries that benefit from cloud-based supply chain analytics solutions.

Global Supply Chain Big Data Analytics Market: Segmentation Analysis
The Global Supply Chain Big Data Analytics Market is segmented based on Solution Outlook, Service Outlook, End User, and Geography.

Ask For Report Details @ https://www.verifiedmarketresearch.com/product/global-supply-chain-big-data-analytics-market-size-and-forecast-to-2025/?utm_source=Free&utm_medium=004

Supply Chain Big Data Analytics Market by Solution Outlook
Logistics Analytics
• Manufacturing Analytics
• Planning and Procurement
• Sales and Operations Analytics
• Visualization and Reporting
Based on Solution Outlook, the market is bifurcated into Logistics Analytics, Manufacturing Analytics, Planning and Procurement, Sales and Operations Analytics, and Visualization and Reporting.

Supply Chain Big Data Analytics Market by Service Outlook
Professional
• Support and Maintenance
Based on Service Outlook, the market is bifurcated into Professional & Support and Maintenance. Supply chain analytics solutions can help improve performance by providing access to real-time data across the value chain and reflecting real-time adjustments to any area or process across the company.

Supply Chain Big Data Analytics Market by End User
Retail
• Transportation and Logistics
• Manufacturing
• Healthcare
• Other End Users
Based on End-User, the market is bifurcated into Retail, Transportation and Logistics, Manufacturing, Healthcare, and Other End Users.

Supply Chain Big Data Analytics Market by Geography
North America
• Europe
• Asia Pacific
• Rest of the world
Based on regional analysis, the Global Supply Chain Big Data Analytics Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Over the predicted period, Europe is expected to grow at a promising rate, the Asia Pacific regional market is expected to increase significantly. Manufacturing businesses in North America are emphasizing the visual depiction of operational data.

Key Players
The “Global Supply Chain Big Data Analytics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Accenture PLC, Aera Technology, Birst, Inc., Capgemini SA, Genpact Limited, International Business Machines Corporation, JDA Software Group, Inc., Kinaxis, Lockheed Martin Corporation, Maersk Group.The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

For More Information @ https://www.verifiedmarketresearch.com/download-sample?rid=6238&utm_source=Free&utm_medium=004


About us –

Verified Market Research is a leading Global Research and Consulting firm that has been providing advanced analytical research solutions, custom consulting and in-depth data analysis for 10+ years to individuals and companies alike that are looking for accurate, reliable and up to date research data and technical consulting. VMR offers insights into strategic and growth analyses, Data necessary to achieve corporate goals and help make critical revenue decisions.

Our research studies help our clients make superior data-driven decisions, understand market forecasts, capitalize on future opportunities and optimize efficiency by working as their partner to deliver accurate and valuable information. The industries we cover span over a large spectrum including Technology, Chemicals, Manufacturing, Energy, Food and Beverages, Automotive, Robotics, Packaging, Construction, Mining & Gas. Etc.

We, at Verified Market Research assist in understanding holistic market indicating factors and most current and future market trends. Our analysts, with their high expertise in data gathering and governance, utilize industry techniques to collate and examine data at all stages. They are trained to combine modern data collection techniques, superior research methodology, subject expertise and years of collective experience to produce informative and accurate research.

Having serviced over 5000+ clients, we have provided reliable market research services to more than 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi. We have co-consulted with some of the world’s leading consulting firms like McKinsey & Company, Boston Consulting Group, Bain and Company for custom research and consulting projects for businesses worldwide.

Contact us:

Mr. Edwyne Fernandes

Verified Market Research

US: +1 (650)-781-4080

UK: +44 (753)-715-0008

APAC: +61 (488)-85-9400

US Toll-Free: +1 (800)-782-1768

Website:-https://www.verifiedmarketresearch.com/

Email: [email protected]

Try Our New Dashboard :-https://www.verifiedmarketresearch.com/dashboard/?utm_source=Free&utm_medium=004
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By VMR
Country United States
Categories Business
Tags supply chain big data analytics market
Last Updated September 9, 2021