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North America Supply Chain Analytics Market Size By Organization Size (Large Enterprises, SMEs), By Component (Solution [Demand Planning, Procurement Analytics, Inventory Analytics, Manufacturing Analytics, Logistics Analytics], Service [Professional Service, Managed Service]), By Deployment Size (On-premise, Cloud), By Application (Retail, Manufacturing, Transportation and Logistics, Healthcare, Government & Defense, Automotive, Energy & Utilities), Research Report, Country Outlook (U.S., Canada), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 - 2026
Published Date: March 2021 | Publisher: Graphical Research Report ID: GR1734 | Delivery : PDF  Request Free Sample

North America Supply Chain Analytics Market size surpassed USD 1 billion in 2019 and is expected to register a lucrative growth of over 12% from 2020 to 2026.

The industry growth is attributed to the rising demand for advanced analytics solutions and development of integrated supply chain solutions. The growing emphasis on applying cognitive technologies into supply chain processes is contributing to technology developments in the region. In addition, the widespread presence of supply chain analytics solution providers will also contribute to the regional market expansion. The advanced visualization capabilities of supply chain analytics solutions enable enterprises to visualize the workflows in accordance with the distance & depth. The enterprise-wide demand for increased sales and lowered costs will fuel the market revenue.

North American Market, By Component

North America Supply Chain Analytics Market

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The manufacturing analytics solution segment is projected to witness over 15% CAGR between 2020 and 2026. The need to collect and analyze large volume datasets from manufacturing processes using advanced technologies will enable the demand for manufacturing analytics software solutions. The rising transition to cloud technologies and the adoption of IoTs with Industry 4.0 are driving enterprises to adopt analytics solutions to manage & monitor the data generated.

North American Market, By Organization Size

The demand for supply chain analytics solutions from large enterprises is expected to increase significantly over the forecast timeline. Large enterprises invest significant resources to strengthen their supply chain infrastructure and to ensure efficiency throughout workflows. Supply chain analytics solutions ensure an uninterrupted supply of inventory throughout the supply chain to avoid production or distribution losses. Several enterprises are emphasizing on advanced supply chain analytics solutions to ensure resilient supply chain operations.

North American Market, By Deployment Size

The on-premise deployment segment is anticipated to witness steady growth in the North America supply chain analytics industry till 2026. On-premise architecture is not intended to connect with cloud gateway services and it is utilized in companies that host their applications in-house rather than utilizing cloud applications. The on-premise supply chain architecture has better recovery & backup functionality in the case of unforeseeable circumstances. With the advent of cognitive technologies and cloud-based solutions, the demand for supply chain analytics solutions for on-premise deployment has decreased considerably.

North American Market, By Application

In North America, the automotive application segment is set to observe around 14% growth rate through 2026. The industry has witnessed several technological transformations along with the emergence of automation and robotics into the processes. The entire automotive value chain is dispersed across geographies to procure components and address customer demands. The need to ensure efficiency across distribution channels and visibility into supplier networks will fuel the demand for supply chain analytics solutions.

North American Market, By Country

The U.S. dominated 75% market share in 2019. The widespread presence of technology enterprises, such as IBM Corporation and Oracle Corporation, is contributing to the U.S. market expansion. Companies in the U.S. are focusing on the development of integrated solutions. For instance, in February 2021, Redwood Logistics entered a partnership with Blue Yonder Group Inc. for the development of integrated platforms. Under the partnership, Blue Yonder integrated its dynamic price delivery services with Redwood’s supply chain iPaaS platform.

The North American supply chain analytics market has witnessed several new product developments and portfolio innovations. For instance, in September 2020, Oracle Corporation launched the latest iteration of its Oracle Fusion Cloud Supply Chain & Manufacturing solution in the market. The company added logistics digital assistance, AI-powered planning advisor, product procurement, and revenue management capabilities. This launch helped the company to address the demand from enterprises to resolve complexities that arose due to the COVID-19 crisis.

Competitive Industry Landscape

Some of the leading companies operating in the market include Antuiti.ai, Axway Inc., Blue Yonder Group Inc., IBM Corporation, Manhattan Associates Inc., Oracle Corporation, Sage Clarity Systems, SAP SE, SAS Institute Inc., SAVI Technology, Tableau Software LLC, and TIBCO Software.
 

Frequently Asked Question(FAQ) :

The industry for supply chain analytics in North America exceeded USD 1 billion in 2019 and will depict more than 12% growth through 2026.
The manufacturing analytics solution segment will grow at a CAGR of 15% through 2026, driven by the surging adoption of IoT and the increasing shift towards cloud technologies.
The U.S. held 75% of industry value in 2019 and will expand on account of the extensive presence of technology enterprises such as Oracle Corporation and IBM Corporation.
The automotive application segment will expand at a rate of 14% by 2026, due to the rising need for ensuring efficiency across distribution channels that are spread over various geographies.

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