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APAC Supply Chain Analytics Market size to cross $2.5 Bn by 2027
Published Date: 2021-09-27
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APAC Supply Chain Analytics Market size is poised to reach USD 2.5 billion by 2027, according to a latest forecast report by Graphical Research.
The market growth is attributed to the growing popularity of cognitive technologies and the focus on data-driven business decisions. The rapid growth of small medium and large enterprises (SMEs) and their investments in implementing the latest technologies to promote the growth of their businesses will further support the market growth. Furthermore, supportive government initiatives support their business expansion activities. For instance, in February 2020, the Chinese government launched supportive policies to support the market growth of SMEs with operations and production processes.
The demand planning segment is expected to increase exponentially over the forecast period due to the rising demand to analyze consumer data to predict the volatile demand from enterprises. The solution leverages its advanced capabilities to analyze the factors influencing demand uncertainties. The demand planning solution can also enhance the accuracy in demand planning through a comprehensive analysis of the customer data.
The professional service segment is anticipated to witness remarkable growth during the forecast timeframe owing to extensive developments in supply chain analytics solutions & services. Companies with vast experience and professional licenses for advanced analytics outsource professional services to their enterprise customers.
The large enterprises segment is see massive growth through 2027 attributed to the early adoption of advanced technologies along with the rising infrastructure digitization activities across established enterprises. Large enterprises invest significant resources to strengthen their supply chain infrastructure and to ensure efficiency throughout workflows. Several large enterprises are adopting advanced analytics platforms to gain efficiency throughout the business operations. Browse detailed statistical insights from the report, “Asia Pacific Supply Chain Analytics Market Forecast 2027 By Deployment Size (On-premise, Cloud), By Component (Solution [Demand Planning, Procurement Analytics, Inventory Analytics, Manufacturing Analytics, Logistics Analytics], Service [Professional Service, Managed Service]), By Organization Size (Large Enterprises, SMEs), By Application (Retail, Manufacturing, Transportation and Logistics, Healthcare, Government & Defense, Automotive, Energy & Utilities), Research Report, Country Outlook (China, Japan, India, South Korea, Australia, Southeast Asia), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The on-premise deployment model segment is predicted to observe a significant CAGR till 2027 propelled by the substantial deployments of traditional on-premise supply chain analytics solutions across enterprises. The on-premise analytics solutions are not susceptible to network lags and offer faster query responses. Integration with other organizational services is also easier with an on-premise data analytics solution.
The healthcare application segment is projected to showcase a strong growth over the projected timeframe. Healthcare enterprises are majorly emphasizing on digital transformation and the adoption of connected healthcare equipment. The increasing digital transformation and the proliferation of connected infrastructure simplifies the supplier information with enhanced data mapping and validation. This is anticipated to support the adoption of supply chain analytics solution to gain efficiencies.
India supply chain analytics industry growth is credited to the advent of cognitive technologies across industrial applications along with the growing e-commerce sector. For instance, according to India Brand Equity Foundation, the country’s e-commerce sector is projected to reach USD 99 billion by 2024. Leading companies are focusing on acquiring retail businesses to strengthen their position in the market. For instance, in September 2020, Reliance Industries acquired Future Group’s retail and wholesale business and logistics and warehousing business to strengthen its grocery and apparel segments.
The APAC supply chain analytics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Component
- Demand Planning
- Procurement Analytics
- Inventory Analytics
- Manufacturing Analytics
- Logistics Analytics
- Professional Service
- Managed Service
Asia Pacific Market, By Organization Service
- Large Enterprises
Asia Pacific Market, By Industry Vertical
- Transportation and Logistics
- Government & Defense
- Energy & Utilities
The above information has been provided for the following countries:
- Asia Pacific
- South Korea
- Southeast Asia