Supply Chain Analytics Market Definition
The supply chain analytics market is a crucial branch of the AI and analytics industry. It deals with developing analytics solutions to improve the supply chain of various industries. The components of this industry are software and services. There are several types of solutions developed by this industry consisting of logistics analytics, manufacturing analytics, planning & procurement, sales & operations analytics, visualization & reporting, and others. The rising awareness about the benefits of SCA solutions has boosted the market growth. This market is expected to rise significantly with the growth of the IT & telecom industry across the world.
The rising demand for cloud-based analytics solutions in large organizations, along with rapid technological advancements in the telecom & IT sector, has boosted the market expansion. Also, the rise in the number of SMEs in different parts of the world, coupled with the growing adoption of big data analytics in several organizations, is driving industrial growth. Moreover, the upsurge in demand for this solution from various end-user industries such as healthcare, retail & e-commerce, transportation & logistics, automotive, manufacturing, oil & gas, chemical, and some others is expected to boost the growth of the supply chain analytics market. The integration of blockchain in supply chain analysis,c,s along wita the rising focus on IoT-based analytics tools, is expected to create opportunities for the market players in the upcoming years.
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