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Supply Chain Analytics Market to Double to $7.1 Billion in the Next Five Years

Jun 23,2024

Here's some good validation for the reason why we created StockTrim.

Recent research estimates the global supply chain analytics market to grow from USD 3.6 billion in 2018 to USD 7.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.

Those that offer precise demand forecasting and analysis tools and adequate efficiencies across the total supply chain process are propelling the growth of the supply chain and analytics market.

The desire to analyze demand patterns, develop effective production plans, and improvise forecasting accuracy will drive the adoption of demand analysis and forecasting software solutions.

The main problem for those in the SMB (small and medium size business) sector is that getting analysts in to ‘crunch' this data and make use of it is expensive.

StockTrim uses machine learning to do this and provide inventory analysis and forecasting at a very affordable, no commitment, cloud-based subscription that's less $ than a cup of coffee per day!

See the article here: https://www.prnewswire.com/news-releases/7-1-bn-supply-chain-analytics-software-and-services-market---global-forecast-to-2023--300793031.html