The Global Supply Chain Analytics Market is projected to grow at a CAGR of 19.20% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 4.17 Billion in 2021 and is expected to reach USD 20.25 Billion by the end of the forecast period.
Global Supply Chain Analytics Market Gains Momentum: Market Drivers, Outlook, and Key Players
The global Supply Chain Analytics Market is experiencing robust growth, driven by key market drivers that include the widespread adoption of Internet of Things (IoT) devices across various industry verticals such as automotive, manufacturing, and healthcare. This surge in IoT device usage has generated massive data sets, compelling organizations to implement advanced analytics solutions in their supply chains. Additionally, the escalating global usage of high-speed internet connectivity and smartphones has significantly bolstered the E-commerce sector, fueling the demand for analytics solutions within the market.
Supply Chain Analytics Market Outlook:
The market’s evolution is closely tied to technological advancements, IoT proliferation, and the growing dependence on mobile applications. Despite challenges, innovative solutions and strategic investments are poised to enhance adoption rates, particularly among Small and Medium Enterprises (SMEs). As North America continues to lead the market, global collaborations and tailored approaches are pivotal in unlocking the full potential of Supply Chain Analytics Market across diverse industries. Verified market Research