Europe Supply Chain Analytics Market size was over USD 1000 million in 2020 and is expected to observe 10% growth rate between 2021 and 2027.

The market demand is attributed to extensive digitization and internet penetration are enabling growth opportunities for enterprises in the region to deliver robust supply chain analytics solutions & services. In Europe, the growing implementation of digital transformation initiatives for SMEs and rising 4G & 5G investments to accelerate the adoption of internet services are expected to augment the market growth. The retail sector across the region is also witnessing a significant rise in output. According to the data from the Office for National Statistics, in June 2020, internet sales in the UK accounted for 31.2% of the total retail sales in the country.

Europe Market, By Component

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The logistics analytics solution segment is projected to hold 15% Europe supply chain analytics market share by 2027. The industry-wide focus on reducing operational costs and eliminating the risks associated with reverse logistics is fueling the segment growth. The logistics analytics solution is widely used to analyze and cording logistics data & processes. This solution assists companies in cost benefit analysis, further improving the profitability in logistics & freight operations.

Europe Market, By Organization Size

The demand for supply chain analytics solutions from large enterprises is anticipated to grow substantially till 2027. The supply chain analytics platform facilitates real-time visibility across supply chain operations. Large enterprises deploy these solutions to mitigate the impact and prevent disruption before it occurs. Several large enterprises are adopting advanced analytics platforms to gain efficiency throughout the business operations. For instance, in May 2020, Panasonic Corporation and Blue Yonder announced a strategic partnership for the development of automated supply chain solutions.

Europe Market, By Application

Aerospace & defense application segment in the Europe supply chain analytics market will likely showcase more than 9% CAGR during the forecast timeline. In the government & defense sector, agencies are required to integrate the supplier network and federal agencies to support the supply chain operations. The supply chain analytics solutions can help defense agencies in managing the global supplier network and multi-tiered supply chains. The growing need for cost-savings, enhanced visibility, and spend aggregation is addressed using sophisticated supply chain analytics solutions.

Europe Market, By Country

The UK supply chain analytics market held more than 20% revenue share in 2020. The retailers in the country are deploying big data and analytics technology to reduce retail shrinkage, enhance customer experience, better ROI, and improve supply chain management. The enterprise-wide need to improve operational efficiency through data-driven verdicts is propelling the adoption of supply chain analytics solutions. The leading companies across the country are developing advanced technology solutions to assist enterprises with business decisions.

Europe Market, By Deployment Size

The cloud deployment segment is set to witness an exponential growth rate from 2021 to 2027. The expansive transition toward cloud infrastructure is driving enterprises operating in the market to provide cloud-based solutions to enterprise customers. For instance, in January 2021, Oracle Corporation added new features into its Fusion Cloud Supply Chain & Manufacturing (SCM) suite. The new features include machine learning, origin qualification, connected logistics, and load configuration editor. These enhancements helped the company to address diverse requirements related to the supply chain & logistics management.

Competitive Industry Landscape

Prominent companies operating in the Europe supply chain analytics market include Axway Inc., Capgemini, IBM Corporation, Infor, Manhattan Associates, Logility, Inc., Oracle Corporation, SAS Institute’s Inc., Tableau and TIBCO Software.