Supply Chain Big Data Analytics market report offers an in-depth analysis of this market across the globe. The study, aimed at providing current and prospect players in this market sharp insights to gain the advantage over their competitors. Supply Chain Big Data Analytics market report does so by providing an executive summary including all valuable market figures and exploring the favourable factors that are expected to drive the growth rate of the market, besides taking account of the restraining factors. The report also highlights the emerging trends in the global market. Supply Chain Big Data Analytics Market is expected to register a CAGR during the forecast period of (2019 – 2024).
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The Major Players Described in Supply Chain Big Data Analytics Market Report Are:
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Key Market Trends:
Retail is expected to register a Significant Growth
The retail industry currently holds the largest share of the global data analytics market, and is expected to present vast opportunities of growth, owing to the growing number of data sources being generated, with the adoption of IoT solutions, beacons, and RFID technologies across the supply chain. According to the Global Shopping Survey 2015, 96% of the retailers are ready to adopt IoT solutions and devices to analyze customer data, track stock levels, and strengthen customer relationships. All these technological improvisations not only enable better tracking of the products across the supply chain, but also help in gaining a clear understanding of customer behavior.
For instance, retailers have also put in a network of RFID readers into the roof space of their sales floors, allowing them to read all of the stock on display and providing more accurate inventory visibility. Augmenting this trend, the American Apparel is leveraging RFID tags and data analytics tools to improve inventory management, while Walmart employed big data analytics itself to enhance its in-store and supply chain management.
However, massive amounts of this useful information are left to rot, resulting in the overall conversion rates of only 2 to 3%. Thus, the big analytics market has been gaining traction in the retail market, to leverage the data, with its ability to understand, analyze, and generate valuable insights.
The United States is Expected to Hold Major Share
The United States is rigorously looking to strengthen its manufacturing industry, by enhancing its productivity by laying emphasis on improving activities across the supply chain, within the industrial sector in the country. The e-commerce industry in the United States is proliferating, owing to which, the requirement for efficient supply chain management is on the rise. According to the US Commerce Department, the e-commerce industry in the country rose by over 40% in 2017. As a result, big data is expected to rise significantly, thereby, having a positive impact on the supply chain analytics in the country.
The e-retailers in the North American retail market are rigorously trying to enhance the customer experience, by incorporating same-day delivery, which can effectively be achieved through effective supply chain management. Notably, according to Auburn Universitys Harbert College of Business, in early 2018, the retailers in the United States are expected to foster their investment in the supply chain management, especially in technology upgrade, owing to expansion and rapid growth in the e-commerce industry.
Additionally, startups are trying to venture into the retail space in the region that are raising funds to boost their operational efficiency through big data analytics and other emerging technologies. For instance, A.S. Watson group (ASW) announced a partnership with Rubikloud, a Toronto-based startup, primarily to invest in developing big data capabilities. The former company invested about USD 70 million to enhance the operational efficiency and customer experience through the integration of visualization and machine learning capabilities. As a result, it is projected to propel the supply chain big data analytics market growth in the country.
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Scope of the Report:
Supply Chain Big Data Analytics Market Covers Major Factors:
- Global Supply Chain Big Data Analytics Market Overview
- Economic Impact on Market
- Market Competition
- Global Supply Chain Big Data Analytics Market Analysis by Application
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Supply Chain Big Data Analytics Market Effect, Factors, Analysis
- Global Supply Chain Big Data Analytics Market Forecast
Key questions answered in the report include:
- What will the market size and the growth rate be in 2024?
- What are the key factors driving the global Supply Chain Big Data Analytics market?
- What are the key market trends impacting the growth of the global Supply Chain Big Data Analytics market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global Supply Chain Big Data Analytics market?
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Supply Chain Big Data Analytics Market Covers Following Points in TOC:
Chapter 1: Supply Chain Big Data Analytics Market Definition
Chapter 2: Research Methodology of Supply Chain Big Data Analytics Market
Chapter 3: Supply Chain Big Data Analytics Market Executive Summary
Chapter 4: Supply Chain Big Data Analytics Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
Chapter 6: Supply Chain Big Data Analytics Market Segmentation by Types, End-User, and Applications Forecast to 2024
Chapter 7: Supply Chain Big Data Analytics Market Segmentation by Geographical Regions
Chapter 8: Competitive Landscape of Supply Chain Big Data Analytics Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
Chapter 9: Key Players for Supply Chain Big Data Analytics Market
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