Press Release:24 January 2017,
Supply chain analytics market is growing at a rapid rate and is being pushed by various growth drivers such as the enormous rise in the volume of data generation in the business organizations across numerous industries such as retail and CPG, healthcare and life sciences, manufacturing, high tech and electronics and others, and rising awareness levels in the business organizations regarding the benefits of the supply chain analytics solutions.
The supply chain analytics market Divides into various segments with an in-depth analysis and forecasting of revenues. The global supply chain analytics market is expected to grow from $2.5 billion in 2014 to $4.8 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.
The research also analyzes the global trends and future growth potentials across different regions.
The market is also forecasted to thrive in the near future leveraging numerous opportunities in this market space such as the growing adoption trends of the mobile application-based solutions. This market is however forecasted to be hampered by a few factors such as the prevailing data security concerns associated with the cloud-based solutions.
The supply chain analytics market has observed faster growth in recent years due to numerous driving factors such as increasing data generation in business organizations across the globe, forecasting accuracy, and awareness regarding the benefits of the supply chain analytics solutions.On the other hand, factors such as concern regarding security of industry-specific data in the cloud based data analytics applications, and the lag in the deployment/ adoption of the supply chain analytics solutions are going to hinder the market growth.
Several key solution vendors occupying this market are Birst Inc., Capgemini, Genpact, IBM Corporation, Kinaxis Inc., MicroStrategy, Oracle Corporation, SAP SE, SAS Institute Inc., Tableau Software and others. The market research report discusses the strategies and insights of the key vendors in the industry and also provides in-depth study of driving forces and challenges for supply chain analytics market.
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