Are you looking to add Supply Chain Suites to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Supply Chain Suites statistics of 2024.
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How much of an impact will Supply Chain Suites have on your day-to-day? or the day-to-day of your business? Should you invest in Supply Chain Suites? We will answer all your Supply Chain Suites related questions here.
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On this page, you’ll learn about the following:
Best Supply Chain Suites Statistics
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- Business process management was a $3.38 billion market in 2019, and Mordor Intelligence projects a CAGR of 6.26%, with sales reaching $4.78 by 2025. [0]
- The RPA market, valued at $1.4 billion in 2019, is forecast to grow at a CAGR of 40.6% between 2020 and 2027, according to Grand View Research. [0]
- In 2019, DPA was a $7.8 billion market; itâs forecast by Mordor Research to grow at a CAGR of 13%, reaching $16.12 billion by 2025. [0]
- Key statThe supply chain management market is expected to grow from $15.85 billion in 2019 to $37.41 billion by 2027, a CAGR of 11.2%.âAllied Market Research. [0]
- No wonder the global market for accounting software is forecast to grow at a CAGR of 8.02% from 2018 to 2026, increasing from $11 billion to $20.4 billion. [0]
- The productivity software market, which includes office and collaboration applications, was forecast to reach nearly $62 billion in 2020, with revenue predicted to increase at a CAGR of 6.8%, reaching $85 billion by 2025, says Statista. [0]
- In late 2019, a report forecast that the supply chain AI market was poised to grow at a CAGR of 39.4% through 2027. [0]
- But months after the COVID19 pandemic struck, Meticulous Research raised that forecast to an even more eye opening 45.3%, with the market reaching $21.8 billion in less than seven years. [0]
- The analyst firm, which is forecasting that the worldwide RPA market will grow 19.5% from 2019 to 2020, to nearly $2 billion, also predicts that 90% of large organizations throughout the world will have adopted RPA in some form by 2024. [0]
- Key statAt an expected CAGR of 19%, the market marketing automation software market is forecast to reach $16.87 billion by 2025.âMordor Intelligence. [0]
- According to IDC, SAS is the largest market share holder in “advanced analytics” with 35.4 percent of the market as of 2013. [1]
- Tech, media, telecom (23%), Industrial manufacturing (22%), Financial services (20%), Retail and consumer markets (16%), Energy, utilities, and resources (8%), Health (7%), and Government and public services (3%). [2]
Supply Chain Suites Software Statistics
- No wonder the global market for accounting software is forecast to grow at a CAGR of 8.02% from 2018 to 2026, increasing from $11 billion to $20.4 billion. [0]
- The productivity software market, which includes office and collaboration applications, was forecast to reach nearly $62 billion in 2020, with revenue predicted to increase at a CAGR of 6.8%, reaching $85 billion by 2025, says Statista. [0]
- Prices for RPA software will decrease 10% to 15% by the end of 2020 and 5% to 10% in 2021 and 2024. [0]
- Key statAt an expected CAGR of 19%, the market marketing automation software market is forecast to reach $16.87 billion by 2025.âMordor Intelligence. [0]
Supply Chain Suites Adoption Statistics
- Still, use of true AI in BPA is relatively low, though it has accelerated considerably in recent years, with enterprise AI adoption up 25%, according to McKinseyâs 2019 Global AI survey. [0]
Supply Chain Suites Latest Statistics
- Key stat31% of businesses have fully automated at least one. [0]
- A 2020 global survey of business leaders from a wide cross section of industries conducted by McKinsey & Co. found that 66% were piloting solutions to automate at least one business process, up from 57% two years earlier. [0]
- The percentage of companies that have fully automated at least one function, however, has grown more modestly, from 29% in 2018 to 31% in 2020. [0]
- A case study conducted by consulting firm Elder Research found that forecasts during the four week study delivered a median accuracy rate of 88%. [0]
- Key statIn early May 2020, U.S. employee engagement advanced to a new high of 38%.âGallup Improving worker productivity is a top driver for technology investments, including automation. [0]
- Overall, U.S. productivity growth clocked in at a paltry 1.4% between 2007 and 2019, according to the Bureau of Labor Statistics. [0]
- In the manufacturing sector, growth has increased only 0.5% since the financial crisis, falling sharply from 4.4%. [0]
- Among Millennials, 43% envision leaving their jobs within two years, while only 28% see themselves staying beyond five years, according to Deloitte. [0]
- McKinsey estimates that, in about 60% of occupations, at least one third of workday activities could be automated. [0]
- Key stat60% of retail respondents have implementation AI, up from 35% during the prior year, making it the industry with the sharpest increase.âMcKinsey Advances in AI and machine learning are key enablers of BPA. [0]
- Among its key findings 63% of those that have implemented AI say that it contributed to increased revenues. [0]
- 58% embedded at least one AI element into a process or product, up from 47% in 2018. [0]
- 30% incorporated AI across business units, an increase from 21%. [0]
- Since the outbreak, McKinsey found that 88% of finance and insurance executives and 76% of those in IT have accelerated their implementations of automation and artificial intelligence. [0]
- 27% Capture and apply knowledge that is hard to otherwise attain 26% Apply automation to reduce headcount 24%. [0]
- Digitization and a focus on streamlining business processes is accelerating demand for modern workflow automation management systems, which Grand View expects to show a CAGR of 27.7% through 2025. [0]
- Key stat64.8% of businesses planned to invest more than $50 million in big data and AI initiatives in 2020, up from 39.7% in 2018.âNew Vantage Partners. [0]
- A recent executive survey from New Vantage Partners shows that 65% of businesses planned to invest more than $50 million in big data and AI initiatives in 2020, up from 40% in 2018. [0]
- While only 38% have created data driven organizations, 27% have successfully created âdata culturesâ within their companies. [0]
- 91% cited people and process challenges as the largest barriers to evolving into data. [0]
- Key stat88% of corporate controllers expect to implement RPA in 2021, though many are hesitant to use it for financial reporting.âGartner. [0]
- RPA could save finance teams 25,000 hours of avoidable rework from human errors, at a cost savings of $878,000, according to research firm Gartner. [0]
- Still, a study found that only 29% of chief accounting officers surveyed are using RPA for financial reporting. [0]
- Key stat25% of companies are using AI to screen resumes or job applications.âLittler. [0]
- Investments in HR technology will soar between 2020 and 2024, according to a report by Gallagher, an insurance brokerage, risk management and consulting firm. [0]
- More than two thirds, 69%, of HR execs surveyed said they will expand or replace their HR systems by 2024. [0]
- According to the findings Just 15% have holistic HR technology strategies aligned with their corporate goals. [0]
- Still, 35% have implemented new HR technology with success since 2018. [0]
- 29% use more than 75% of the capabilities provided in their systems. [0]
- Most, 69%, say they are not using these systems in their recruiting or hiring processes, for example. [0]
- It appears that companies are listening Among the 600 HR and IT executives PwC surveyed, 74% expect to increase HR technology spending. [0]
- Likewise, 72% said their core HR applications will be cloud based by the end of 2020. [0]
- 2012).”SAS’ revenue up 12% in 2011″. [1]
- Employment of logisticians is projected to grow 30 percent from 2020 to 2030, much faster than the average for all occupations. [3]
- Whatever industry you’re in, you’re probably facing a swell of attrition, as 41% of the global workforce considers quitting. [4]
- New survey reveals that 82% of Americans are scared supply chain shortages and delays will ruin their life plans, and 94% want organizations to help ease their worries. [5]
- In a recent Gartner survey, 61% of respondents say technology is a source of competitive advantage. [6]
- Many also identify several emerging technologies as critical investment areas, with 20% investing in robotics. [6]
- Lessons Learned From the 2024 Supply Chain Award Winners By 2026, 75% of large enterprises will have adopted some form of intralogistics smart robots in their warehouse operations. [6]
- Sixty nine percent of organisations predict a rise in cyber spending in 2024 compared to 55% last year. [2]
- More than a quarter (26%). [2]
- More than 50% expect a surge in reportable incidents next year above 2021 levels. [2]
- Some 75% of respondents to our 2024 Global Digital Trust Insights Survey say that too much avoidable, unnecessary organisational complexity poses âconcerningâ cyber and privacy risks. [2]
- Based on respondents’ answers to these questions, we determined the top 10% of organisations that are most advanced in their practices. [2]
- Only the top 10% have adopted them and they also report making significant progress toward their cyber objectives during the past two years. [2]
- Female executives make up 33% of the sample. [2]
- Sixty two percent of respondents are executives in large companies ; 33% are in companies with $10 billion or more in revenues. [2]
- Respondents are based in various regions Western Europe (33%), North America (26%), Asia Pacific (18 %), Latin America (10 %), Eastern Europe (4%), Middle East (4%), and Africa (4%). [2]
I know you want to use Supply Chain Suites, thus we made this list of best Supply Chain Suites. We also wrote about how to learn Supply Chain Suites and how to install Supply Chain Suites. Recently we wrote how to uninstall Supply Chain Suites for newbie users. Donât forgot to check latest Supply Chain Suitesstatistics of 2024.
Reference
- netsuite – https://www.netsuite.com/portal/resource/articles/business-strategy/business-automation-statistics.shtml.
- wikipedia – https://en.wikipedia.org/wiki/SAS_(software).
- pwc – https://www.pwc.com/us/en/services/consulting/cybersecurity-risk-regulatory/library/global-digital-trust-insights.html.
- bls – https://www.bls.gov/ooh/business-and-financial/logisticians.htm.
- toolsgroup – https://www.toolsgroup.com/blog/why-sense-and-respond-supply-chain-planning-requires-a-single-model/.
- oracle – https://www.oracle.com/scm/.
- gartner – https://www.gartner.com/smarterwithgartner/gartner-predicts-the-future-of-supply-chain-technology.
How Useful is Supply Chain Suites
One of the most useful features of supply chain suites is their ability to streamline processes and improve efficiency. By automating many of the tasks that were once done manually, such as inventory management and order fulfillment, these platforms have helped businesses save time and resources. This has not only increased productivity but also reduced the likelihood of errors and inefficiencies in the supply chain.
Another key benefit of supply chain suites is their ability to provide real-time visibility into the entire supply chain. This means that companies can track the movement of goods from suppliers to customers at every step of the way, allowing them to identify potential issues and address them before they escalate into larger problems. With this level of transparency, businesses can make informed decisions about their supply chain operations and ensure that they are always operating at peak efficiency.
Supply chain suites also help businesses manage risk more effectively. By providing tools for forecasting demand, optimizing inventory levels, and identifying potential disruptions, these platforms can help companies minimize the impact of unforeseen events on their operations. This is crucial in today’s unpredictable business environment, where issues such as natural disasters, political unrest, and supply chain disruptions can occur at any moment.
Furthermore, supply chain suites offer a wide range of features and functionalities that can be tailored to meet the specific needs of different industries and businesses. Whether a company operates in manufacturing, retail, healthcare, or any other sector, these platforms can be customized to address the unique challenges and requirements of each industry. This makes supply chain suites a versatile and adaptable solution for businesses of all sizes and types.
Overall, the usefulness of supply chain suites cannot be overstated. From improving efficiency and productivity to enhancing visibility and managing risk, these platforms offer a wide range of benefits that can help businesses succeed in today’s competitive marketplace. By investing in a supply chain suite, companies can gain a competitive edge, increase their operational efficiency, and ensure that they are well-equipped to meet the challenges of the modern business world.
In Conclusion
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