A three-pronged approach was followed for deducing the supply chain analytics market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for supply chain analytics market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of supply chain analytics market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The supply chain analytics market was categorized into six segments, namely solution (Logistics Analytics, Manufacturing Analytics, Planning & Procurement, Sales & Operations Analytics, Visualization & Reporting), service (Professional, Support & Maintenance), deployment (Cloud, On-premise), enterprise size (Large Enterprise, Small & Medium Enterprises), end-use (Retail & Consumer Goods, Healthcare, Manufacturing, Transportation, Aerospace & Defense, High Technology Products), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
The supply chain analytics market was segmented into solution, service, deployment, enterprise size, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The supply chain analytics market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S.; Canada; the UK; Germany; France; China; India; Japan; South Korea; Australia; Brazil; Mexico; UAE; Saudi Arabia; South Africa.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The supply chain analytics market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Accenture Plc - Accenture Plc provides technology solutions and professional services in network management and consulting. The company offers cloud and digital services for various end-use industries. It also provides security services. Accenture plc operates through five diverse business lines: Communication Media & Technology, Financial Services, Health & Public Services, Products, and Resources. The company offers solutions to the incumbents of industries and sectors such as automotive, banking, chemicals, communication & technology, energy, healthcare, consumer goods, life sciences, insurance, retail, travel, and natural resources. Accenture plc’s strategy is entirely focused on catering to the requirements of its clients and on developing cutting-edge technology solutions. The company made substantial investments in developing innovative technology solutions in 2021.
Aera Technology - Aera Technology is engaged in the development of cloud-based supply chain solutions. The company leverages machine learning, artificial intelligence, and data & enterprise domain expertise to deliver real-time cognitive automation at scale. Its solutions can be used for demand forecasting, procure-to-pay, finance, inventory, production planning, sales, and customer services. Aera Technology also offers project management and methodology, supply chain solutions, end-user training, data source connection & extraction, user roles setup & guidance, and data validation & testing services. The cognitive skills offered by the company include Cognitive Demand Management (CDM), cognitive manufacturing performance, supply chain 360, revenue maximization, predictive sourcing, and delivery optimization, which provide real-time insights, predictions, and recommendations.
A.P. Moller-Maersk - A.P. Moller-Maersk is a conglomerate primarily operating in the energy and transportation sectors. The company is engaged in various business activities, including shipping and logistics. Services and solutions offered by the company include shipping and cargo services, supply chain services, freight forwarding, and digital solutions. A.P. Moller - Maersk operates through four business segments: Ocean, Logistics & Services, Terminals & Towage, and Manufacturing & Others. The logistics and services segment is engaged in supply chain management, inland activities, intermodal freight transport, freight forwarding, warehousing, trade finance, and distribution. The company operates in six regions: Africa, APAC, Europe, West Central Asia, North America, And Latin America.
The Infor Inc. - The Infor Inc. is a parent company of Birst, Inc. Birst, Inc. is a developer of analytics solutions and business intelligence for OEMs and software vendors. The company was formerly known as Success Metrics. Birst, Inc. offers enterprises with analytics solutions and 2-tier business intelligence platforms for effective supply chain management. The cloud-based BI platform helps refine and consistently embed data across an organization or enterprise. The company provides educational services, value-based design, and supply chain analytics solutions to organizations. These solutions are widely used in several departments in an industry, including finance, marketing, supply chain, sales, BI/IT, and operations. The company’s product offerings include Networked BI, Smart Analytics, Adaptive User Experience, User Data Tier, and Multi-Tenant Cloud Architecture.
Capgemini SA - Capgemini SA is a management consulting company. The French multinational conglomerate offers services through four business verticals: consulting, outsourcing services, technology solutions, and local professional services. The company’s four major subsidiaries include IGATE, Open Cascade, Capgemini India, and Euriware. It primarily offers information technology consulting and outsourcing services for application development, customer relationship management, enterprise resource planning, infrastructure management, and application management. Capgemini’s technology solutions business segment offers supply chain analytics solutions to help customers optimize and streamline their supply chain management operations.
Genpact - Genpact is a business process and IT service company. The company formerly operated as a business unit of General Electric (GE). Currently, the company serves 700 clients in over 30 countries. It operates through three business segments, namely Banking, Capital Markets, and Insurance (BCMI); High Tech, Manufacturing, and Services (HMS); and Consumer Goods, Retail, Life Sciences, and Healthcare (CGRLH). Through the HMS segment, the company offers solutions for supply chain management, Industrial Internet of Things (IIoT), risk management, and digital content management. It offers industry solutions to diverse verticals, including automotive, healthcare, industrial manufacturing, transportation & logistics, retail, chemicals, energy, telecommunications, entertainment, hospitality, and BFSI.
Infosys Limited - Infosys Limited provides next-generation digital services and consulting. The company operates through eight business segments: financial service and insurance; manufacturing; retail, consumer packaged goods, and logistics; energy, utilities, resources, and services; communication, telecom OEM, and media; hitech; life sciences and healthcare; and others. Infosys Limited mainly focuses on strengthening its business solutions and service offerings by striking alliances with leading technology partners, including Adobe; IBM Corporation; SAP SE; Microsoft Corporation; Appian; Amazon Web Services, Inc.; Cisco Systems, Inc.; Broadcom; Oracle Corporation; Huawei Technologies Co., Ltd.; and Pegasystems Inc.; among others.
International Business Machines Corporation - International Business Machines Corporation is a manufacturer of computer hardware and a developer of middleware and software. The company provides support services in areas ranging from mainframe computers to nanotechnology. The company is focused on delivering software-defined networking solutions to its customers. The company’s IBM Cloud is particularly getting popular among incumbents of various industries owing to its flexible software and secure hardware. The company operates through five business segments: global business services, cognitive solutions, systems, global financing, and technology services & cloud platforms.
Blue Yonder Group, Inc. - Blue Yonder Group, Inc. (formerly named JDA Software Group, Inc.) provides end-to-end supply chain solutions. In February 2020, the company was renamed from JDA Software Group, Inc., to Blue Yonder. The company categorizes its solutions under Manufacturing & Distribution Solutions, Retail Solutions, and Service Industry Solutions. The Manufacturing & Distribution Solutions category is further divided into category management, intelligent fulfillment, and manufacturing planning. The solutions offered under Category Management include assortment optimization, category knowledge base, channel clustering, space planning, floor planning, and planogram generator.
Kinaxis - Kinaxis is a cloud-based solution and subscription software provider. The company operates its business from five offices in Canada, the U.S., China, Japan, and the Netherlands. Kinaxis, through its products and solutions, serves a variety of industries and a broad range of customers. It offers supply chain analytics solutions for supply chain management applications. It includes solutions for sales & operations, aggregate supply & demand planning, inventory management & optimization, supply action management, and master production scheduling. The company’s product portfolio includes RapidResponse, which caters to the needs of diverse industries and sectors such as aerospace & defense, industrial, consumer products, high-tech gadgets, electronics, and life sciences.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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