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Supply Chain Analytics Market Development Trends and Growth Drivers Analysis by 2027
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Supply Chain Analytics Market Study by Competitive Analysis and Growth Prospects to 2027 • The transaction added RSi’s solutions to the market leading IRI Liquid Data technology platform and also provided the company with the most comprehensive supply chain solution. The acquisition also offered the largest repository of anonymous and de-identified consumer data assets in the CPG sector, providing long-term effect and augmented value to the company’s customers. • Recent trends in the global supply chain market are driven by an upsurge in the execution of collaborative strategies by key industry participants. Citing an instance, in October 2020, IRI announced its acquisition of Retail Solutions, Inc., a prominent provider of supply chain solutions for CPG retailers and manufacturers. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
The supply chain analytics tools are also used to increase efficiency and reduce of overhead costs in the transport and logistics industry. Supply chain analytics techniques enable companies to make proactive decisions for ensuring business efficiencies as they provide a comprehensive view of the overall operations. Driven by the aforementioned factors, the transport and logistics segment is projected to exhibit significant growth through 2027. • Similar advancements are set to boost supply chain analytics industry share, impelling the business landscape over the coming years. On this note, the global supply chain analytics market size is projected to surpass USD 10 billion by 2027, according to the latest research by Global Market Insights, Inc. • This escalation is primarily ascribed to the increasing demand for inventory analytics solutions owing to advanced capabilities such as tracking of transport & warehouse equipment and inventory turnover. These solutions are also popular amongst companies as they facilitate the optimization of inventory costs and real-time visibility across supply chains. The inventory analytics solution segment in the supply chain analytics industry is expected to grow at a commendable CAGR of more than 13.0 per cent through the assessment span. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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Regional Analysis • The Asia Pacific supply chain analytics market is expected to exhibit a remarkable CAGR of more than 20 per cent through 2027. This upsurge is chiefly attributed to the persistent growth in the infrastructure, retail, and logistics industries across several countries. Additionally, various private and public sector enterprises are also focusing on the development of analytics solutions for mitigating the impact of supply chain disruptions. This has helped in fostering the growth of the supply chain analytics industry in the region. • Competitive Analysis • Prominent supply chain analytics companies comprise Blue Yonder Group, Inc., Infor, SAP SE, Capgemini SE, Oracle Corporation, IBM Corporation, and others. These participants are focusing on the development of integrated supply chain analytics tools for the effective management of supply chains. Considering an instance, Tecsys, Inc., rolled out an integrated Microsoft’s BI tool with its order management analytics platform in January 2020. This integration facilitated the company in ensuring cloud-based access to a large volume of data generated by retailers and companies. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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