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European Supply Chain Analytics Market revenue to hit $2.5 Bn by 2027
Published Date: 2021-10-14
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European Supply Chain Analytics Market size is set to cross USD 2.5 billion by 2027, according to a latest forecast report by Graphical Research.
The market growth is attributed to the significant rise in retail and e-commerce sectors with the enhanced digital infrastructure is expected to contribute to the demand for supply chain analytics solutions in the region. In May 2020, Sportina Group, a Europe-based fashion retailer, deployed Oracle Corporation’s retail technology platform. The deployment helped the company to provide full visibility to inventory availability across all channels and decrease transfer costs and increase stock rotation.
The inventory analytics segment is expected to witness over 10% CAGR during the forecast period. The inventory analytics solution utilizes machine learning and artificial intelligence techniques to analyze large volume inventory datasets. The solution also assists companies by providing real-time visibility and inventory cost optimization. Companies leverage the analyzed data to identify key performance indicators to gain efficiencies in inventory workflows. The solution also enables companies to enhance inventory returns and mitigate the risks associated with extensive stocks.
Browse detailed statistical insights from the report, “Europe Supply Chain Analytics Market Forecast 2027 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 (UK, Germany, France, Spain, Italy, Netherlands), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The small & medium enterprises (SMEs) segment is anticipated to grow exponentially over the forecast timeline. The segment's expansion is being aided by the availability of cost-effective and scalable analytics solutions, as well as favourable government efforts. To manage their supply chain activities, SMEs primarily rely on cost-effective solutions and low capital expenditure.
The automotive application segment is projected to showcase a strong growth between 2021 and 2027. The entire automotive value chain is dispersed across geographies to procure components and address the customer demands. The rising technological advancements in the industry are raising challenges such as complications in consumer buying behavior and distribution channels. Supply chain analytics solutions help companies in identifying potential inefficiencies, gaining visibility into supplier network and administration of procurement processes.
Spain supply chain analytics industry accounted over 10% of revenue share in 2020. Spanish companies are focusing on investments in the faster achievement of the digital factory. For instance, in July 2019, according to the data published by the Spanish Association of Automobile and Truck Manufacturers (ANFAC), enterprises in the automobile industry invested approximately USD 3.35 billion to upgrade their factories and facilities in 2018. Considering the expansive investments into modern manufacturing infrastructure facilities, the need to ensure operational & functional visibility is expected to drive the adoption of manufacturing analytics solutions.
The supply chain analytics in European 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:
Europe Market, By Component
- Demand Planning
- Procurement Analytics
- Inventory Analytics
- Manufacturing Analytics
- Logistics Analytics
- Professional Service
- Managed Service
Europe Market, By Organization Service
- Large Enterprises
Europe Market, By Industry Vertical
- Transportation and Logistics
- Government & Defense
- Energy & Utilities
The above information has been provided for the following countries: