The North America Supply Chain Analytics Market is expected to witness market growth of 16.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Supply Chain Analytics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $6.86 billion by 2031. The Canada market is experiencing a CAGR of 18.1% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 17.9% during 2024-2031.
Accurate demand forecasting is essential for aligning inventory levels with customer demand. Advanced analytics techniques like predictive modelling and machine learning allow organizations to analyze historical sales data, market trends, and external factors (e.g., seasonality and economic indicators) to improve their demand forecasting accuracy.
Additionally, efficient inventory management is critical to minimizing costs and meeting customer service levels. SCA tools enable businesses to analyze inventory turnover rates, identify slow-moving products, and optimize stock levels across multiple locations, reducing carrying costs and stockouts.
The rising manufacturing sector in the USA is pivotal in driving the growth of the Supply Chain Analytics Market. In 2022, manufacturing contributed $2.3 trillion to the U.S. GDP, which accounted for approximately 11.4% of the total GDP, emphasizing the sector's significant impact on the economy. This robust manufacturing landscape necessitates sophisticated supply chain management strategies to enhance efficiency and reduce costs. Consequently, companies increasingly turn to supply chain analytics to gain actionable insights into their operations, streamline processes, and optimize resource allocation.
The US market dominated the North America Supply Chain Analytics Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $6.86 billion by 2031. The Canada market is experiencing a CAGR of 18.1% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 17.9% during 2024-2031.
Accurate demand forecasting is essential for aligning inventory levels with customer demand. Advanced analytics techniques like predictive modelling and machine learning allow organizations to analyze historical sales data, market trends, and external factors (e.g., seasonality and economic indicators) to improve their demand forecasting accuracy.
Additionally, efficient inventory management is critical to minimizing costs and meeting customer service levels. SCA tools enable businesses to analyze inventory turnover rates, identify slow-moving products, and optimize stock levels across multiple locations, reducing carrying costs and stockouts.
The rising manufacturing sector in the USA is pivotal in driving the growth of the Supply Chain Analytics Market. In 2022, manufacturing contributed $2.3 trillion to the U.S. GDP, which accounted for approximately 11.4% of the total GDP, emphasizing the sector's significant impact on the economy. This robust manufacturing landscape necessitates sophisticated supply chain management strategies to enhance efficiency and reduce costs. Consequently, companies increasingly turn to supply chain analytics to gain actionable insights into their operations, streamline processes, and optimize resource allocation.
List of Key Companies Profiled
- SAP SE
- Oracle Corporation
- IBM Corporation
- SAS Institute Inc.
- Manhattan Associates, Inc.
- MicroStrategy, Inc.
- Lockheed Martin Corporation
- Accenture PLC
- Genpact Limited
- A.P. Moller - Maersk A/S
Market Report Segmentation
By Component
- Solutions
- Sales & Operations Analytics
- Logistics Analytics
- Manufacturing Analytics
- Planning & Procurement
- Visualization & Reporting
- Services
- Professional Service
- Support & Maintenance
By End Use
- Manufacturing
- High Technology Products
- Retail & Consumer Goods
- Healthcare
- Transportation
- Aerospace & Defense
- Other End Use
By Organization Size
- Large Enterprises
- SMEs
By Deployment
- Cloud
- On-Premise
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Supply Chain Analytics Market by Component
Chapter 6. North America Supply Chain Analytics Market by End Use
Chapter 7. North America Supply Chain Analytics Market by Organization Size
Chapter 8. North America Supply Chain Analytics Market by Deployment
Chapter 9. North America Supply Chain Analytics Market by Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the leading companies profiled in this North America Supply Chain Analytics Market report include:- SAP SE
- Oracle Corporation
- IBM Corporation
- SAS Institute Inc.
- Manhattan Associates, Inc.
- MicroStrategy, Inc.
- Lockheed Martin Corporation
- Accenture PLC
- Genpact Limited
- A.P. Moller - Maersk A/S
Methodology
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