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North American Supply Chain Analytics Market revenue to reach $3.5 Bn by 2026

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North American Supply Chain Analytics Market size is projected to cross USD 3.5 billion by 2026, according to a latest forecast report by Graphical Research.

The North American supply chain analytics industry growth is attributed to the widespread presence of prominent enterprises such as Blue Yonder Group Inc., Manhattan Associates, Inc., and IBM Corporation. These companies proactively emphasize on serving diverse enterprises along with new product development and collaboration activities. For instance, in May 2020, Blue Yonder Group Inc. launched the latest Luminate Planning, an advanced demand planning platform. The newly unveiled platform is powered by AI and ML technologies and features an intuitive user experience.

The demand for inventory analytics solutions in the supply chain analytics market is expected to grow significantly from 2020 to 2026. 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 growing demand to gain efficiencies in inventory management and robust inventory optimization is fueling the segment growth.

The SMEs segment is anticipated to witness exponential growth till 2026 credited to the cost-effectiveness, scalability, and reduced infrastructure complexities associated with innovative supply chain analytics solutions. In addition, government agencies across diverse geographies are launching favorable policies to support the growth of SMEs across the industry. The rising emphasis on scalable and advanced analytics solutions is driving SMEs to deploy supply chain analytics solutions.

Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1734/north-america-supply-chain-analytics-market

The cloud deployment segment is forecast to hold 50% share by 2026, growing at a CAGR of over 20%. Several enterprises in the region are adopting cloud infrastructure and are benefiting from limited maintenance & operating costs. The cloud-based supply chain analytics solutions are offered monthly as SaaS subscriptions, eliminating the need to invest and maintain on-premise IT resources.

The need to ensure enhanced visibility and operational efficiencies in supply chain operations is contributing to the adoption of supply chain analytics across the retail industry. The rising demand for advanced analytics solutions is further driving enterprises to develop innovative solutions. For instance, in January 2020, Tecsys Inc. launched Advanced Analytics for retail supply chain management. The cloud-based platform solution features advanced Power BI intelligence tools from Microsoft Corporation. This integration helped the company to deliver innovative solutions to support retailing processes.

Canada supply chain analytics market size is expected to witness a rapid growth over the forecast timeline owing to the significant strategic partnerships for the deployment & development of advanced supply chain management solutions. For instance, in April 2020, Walmart Canada partnered with FourKites, a supply chain visibility solution provider, for the development of supply chain visibility solutions. This partnership helped the company to improve its supply chain visibility with predictive analytics capabilities.

Some of the key vendors in the North America supply chain analytics market include Antuiti.ai, Axway Inc., Blue Yonder Group Inc., DataFactz, Halo BI, IBM Corporation, Infor, Logility Inc., Manhattan Associates Inc., Oracle Corporation, Sage Clarity Systems, SAP SE, SAS Institute Inc., SAVI Technology, Tableau Software LLC, TIBCO Software, and Voxware.

Companies operating in the market are focusing on strategic partnerships to enable digital transformation. For instance, in October 2020, Blue Yonder Group Inc. collaborated with Accenture PLC to help companies across diverse industry verticals to modernize their supply chain operations. The companies assisted customers across the retail & consumer goods and technology industries to modernize their supply chain operations. This helped Blue Yonder Group to expand its customer base across the retail industry followed by strengthening its market position.

The North America supply chain analytics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026 for the following segments:

North America Market, By Component

  • Solution
    • Demand Planning
    • Procurement Analytics
    • Inventory Analytics
    • Manufacturing Analytics
    • Logistics Analytics
  • Service
    • Professional Service
    • Managed Service

North America Market, By Organization Size

  • Large Enterprises
  • SMEs

North America Market, By Deployment Model

  • On-premise
  • Cloud

North America Market, By Application

  • Retail
  • Manufacturing
  • Transportation and Logistics
  • Healthcare
  • Government and Defense
  • Automotive
  • Energy and Utilities

The above information has been provided for the following countries:

  • North America
    • U.S.
    • Canada