Supply Chain Analytics Market to reach $23.5 Billion by 2030; Digital transformation and automation, e-commerce boom and customer expectations, growing complexity in global trade and compliance, focus on sustainability and resilience, demand for end-

The Supply Chain Analytics Market size is estimated to reach $23.5 billion by 2030, growing at a CAGR of 18.9% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Supply Chain Analytics Market – By Solution (Supply Chain Planning And Procurement, Sales And Operations Planning, Manufacturing Analytics, Transportation And Logistics Analytics, Visualization And Reporting Tools), By Service (Professional Services, Support And Maintenance Services), By Deployment Model (On-Premise Deployment, Cloud-Based Deployment), By Vertical (Retail And Consumer Packaged Goods, Healthcare And Life Sciences, Manufacturing, High Tech And Electronics, Automotive, Aerospace And Defence, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Digital transformation and automation are beginning to drive analytics demand and enhance supply chain efficiency. With the e-commerce boom and soaring customer expectations, faster, more accurate logistics are the need of the hour. Global trade and compliance are becoming more complex, and as such, advanced analytics are needed to manage risk. Companies are optimizing their supply chains as a focus on sustainability and resilience takes hold. Lastly, there is a great need for end-to-end visibility to monitor and control supply chain operations in real time.

North America accounted for the largest share of 35% of the Supply Chain Analytics Market in 2023. The Supply Chain Analytics Market in North America has a dominant position because of high logistics cost and complexity in the region. Council of Supply Chain Management Professionals’ (CSCMP) 2024 State of Logistics Report concludes that in 2024 logistics costs for U.S. business reached a staggering $2.3 trillion which accounts for 8.7% of the GDP. The analysis of this economic impact reinforces the importance of the use of advanced analytics to streamline the efficiency of the supply chain. Moreover, as noted by Sellers Commerce, U.S. ecommerce is expected to grow at an annual rate of 8.99% from 2024 to 2029, making demand for data driven insights to enhance operations skyrocketing. As companies in North America look to manage logistics expenses and take advantage of the growing eCommerce market, these factors reinforce North America’s leadership in adoption of supply chain analytics.

The growing adoption of digital transformation technologies, particularly AI and machine learning, is a major factor driving growth in the Supply Chain Analytics Market. Unilever’s collaboration with Scoutbee, a German-based startup, allows the company to locate new suppliers by analyzing data on financial health, customer ratings, and sustainability scores, which supports its $2.2 billion annual spending commitment on diverse suppliers by 2025. Similarly, Siemens used Scoutbee to find alternative sources for specialized materials like Surlyn during shortages, allowing the company to react faster than traditional methods would allow. This capability to adapt and maintain supply chain continuity is critical to companies’ competitive advantage. 

Rapid expansion of e commerce and need for companies to adapt to meet increasing demands for efficient logistics and inventory management is driving the Supply Chain Analytics Market at an unprecedented rate. According to India Brand Equity Foundation (IBEF), the e commerce sector in India is predicted to grow to US$325 billion by 2030, a huge need for advanced logistics solutions. In addition, the International Trade Association (ITA) estimates that the demand for automation in warehousing and transportation will continue to grow, with third party logistics providers handling nearly 17 billion shipments over the next seven years. In Canada, e commerce adoption is also on the rise, with 27 million online shoppers, which is equivalent to 75 % of the population, and is forecast to reach 77.6 % by 2025. The increasing popularity of e commerce necessitates supply chain analytics to improve operational efficiency and to ensure scalability. 

Key companies profiled in the Supply Chain Analytics Market are SAP SE, IBM Corporation, Oracle Corporation, SAS Institute Inc., Salesforce Company, Manhattan Associates, SS&C Technologies, Blue Yonder, Infor, MicroStrategy and others.

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