North American Supply Chain Analytics Market size is predicted to surpass USD 4 billion by 2027, according to a latest forecast report by Graphical Research.
The market growth is driven by the increasing competition among the top players in the retail space, which has forced retailers to enhance their marketing capabilities and serve consumers with their requirements. In response, the companies are leveraging advanced supply chain analytics and expanding their distribution network to make a unique proposition of doing business.
In the component segment, the supply chain analytics services are set to grow at a CAGR of 15% between 2021 and 2027 due to increasing digitization, the demand for cloud-based collaboration services is expected to increase. Supply chain analytics service providers help enterprises with supply chain design, integrated demand & supply, packaging, and supply chain operations. As services are provided either as Software-as-a-Service (SaaS) or Platform-as-a-Service (PaaS), they reduce the responsibility to manage & maintain operational efficiency.
The SMEs segment is estimated to accounted over 30% market share by 2027, owing to the cost-effectiveness, scalability, and reduced infrastructure complexities offered by supply chain analytics. SMEs largely focus on leveraging cost-effective solutions and limited capital expenditure to manage their supply chain operations. Favorable government initiatives to strengthen SMEs and support their business operations are contributing to the market growth.
Browse detailed statistical insights from the report, “North America 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 (U.S. and Canada), 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 anticipated to register gains at above 5% CAGR during the forecast period. The on-premise deployment eliminates the need for connecting to the cloud gateways, mitigating cyber risks. Extensive limitations followed by limited flexibility to manage supply chain operations are restraining the adoption of on-premise supply chain analytics solutions across enterprises.
The retail segment dominated for a substantial share of the North America supply chain analytics industry in 2020. The retail industry is witnessing an expansive transformation with advanced technologies such as Artificial Intelligence (AI) and IoT. The need to derive in-depth meaningful insights from the data processed through customer devices to gain operational efficiency is anticipated to drive the adoption of supply chain analytics solutions.
The supply chain analytics in North American 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:
North America Market, By Component
- Demand Planning
- Procurement Analytics
- Inventory analytics
- Manufacturing Analytics
- Logistics analytics
- Professional Service
- Managed Service
North America Market, By Organization Size
- Consumer Telematics
- Fleet Management
North America Market, By Deployment Model
North America Market, By Application
- Transportation and logistics
- Government & Defense
- Energy & Utilities
The above information has been provided for the following countries: