SAN FRANCISCO, December 4, 2018
SAN FRANCISCO, December 4, 2018 /PRNewswire/ --
The global supply chain analytics market size is projected to reach USD 9.88 billion by 2025, according to a new study by Grand View Research, Inc., rising at a CAGR of 16.2% during the forecast period. Growing need to manage a large amount of business data and use derived insights is triggering the demand for supply chain analytics. 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.
Supply chain analytics solutions can help enterprises achieve growth, enhance profitability, and increase market shares by utilizing derived insights for making strategic decisions. These solutions can also offer a holistic view of supply chain and help in enhancing sustainability, reducing inventory cost, and accelerating time-to-market for products in the long run.
Factors such as ineffective supplier networks, shortening product life cycles, elevated warehousing costs, redundant forecasts, low supply chain visibility, and fluctuating customer demands are also facilitating supply chain optimization, thereby driving the market.
Improved outcomes and cost-effectiveness of supply chain management resulting from the adoption of supply chain analytics is anticipated to encourage the adoption of these solutions in various end-use applications, such as retail & consumer goods, healthcare, and manufacturing. The ability of supply chain analytics to enable effective and efficient management of end-to-end supply processes is estimated to stimulate the growth of the market over the forecast period.
Browse full research report with TOC on "Supply Chain Analytics Market Analysis Report By Enterprise Size, By Service, By Deployment, By Solution, By End-use (High Technology Products, Manufacturing, Healthcare), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/the-global-supply-chain-analytics-market
Further Key Findings From the Report Suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global supply chain analytics market based on solution, service, deployment, enterprise size, end use, and regions:
Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Corporate Sales Specialist, USA
Grand View Research, Inc.
Toll Free: 1-888-202-9519