The global smart and mobile supply chain solutions market value is expected to reach around US$ 30 billion by 2026 and growing at a CAGR of 10 % over forecast period 2019 to 2026.
Integrated software applications are smart & mobile supply chain solutions which provide complete business visibility, inventory optimisation, and supply synchronization with demand and manufacturing. Smart and mobile chain supply solutions integrate functions like source, procurement, production, storage, transportation and selling through the complete management of information, materials and financial flows. Through enhanced experience and cost optimisation, the solutions aim to achieve a competitive lead. Smart and mobile solutions in the supply chain are important, as effective solutions in the supply chain can improve service, reduce costs and improve revenue. In the pragmatic perspective, it came to light that deviations in production environments, such as higher production costs, shortened product life cycles and shrinking manufacturing resources, led to the idea of smart and mobile supply chain solutions.
In the forecast period, it is expected to expand at 10% CAGR. Among third party logistic (3PL) service providers, the scope of clever supply chain solutions is high. Government authorities also encourage 3PL industries, which encourage smart and mobile supply chain management solutions to develop automation and innovative systems.
The report provides analysis of global Smart and Mobile Supply Chain Solutions market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
A major factor in the smart & mobile supply chain solution market is the increase in the demand for industrial automation. Furthermore, during the forecast time period, the rapid growth of e-commerce activity should offer the market significant opportunities. Moreover, the smart & mobile supply chain solutions market leads to increased demand for storage, together with the need to reduce order backlog and miss ships. However, a lack of scalability and infrastructure is a significant factor that could hinder the market.
Growing Demand for Industrial Automation And Expansion In E-Commerce
Integration of software applications to provide complete business viewing, inventory optimisation, and supply synchronization with demand&manufacture are the smart & mobile supply chain solutions. Currently, competitive economic conditions compel industry to cost-effectively increase production. As a result, the demand for smarts & mobile provider supply chain solutions for process and supply chain optimization is increasing. Further drive the need for automation in industry is the need for faster turnaround time and proficient use of resources. Increased demand for industrial automation is therefore essential to boost the global marketplace of intelligent & mobile supply chain solutions. In addition to the need to quickly offer products to achieve competitive advantage, the growth in e-commerce has increased the need for intelligent and mobile supply chain solutions. Manufacturers turn from traditional solutions to demand-led solutions to effectively address the challenges of the smart & mobile supply chain solutions market with regard to e-commerce and omni-channel.
The smart & mobile supply chain solutions global market was divided into solution, business size, industry, and geographical areas. The market is classified as a solution in the areas of transportation management systems (TMS), warehouse management systems (WMS), procurement, supply chain design and manufacturing systems. The market is divided into small and medium-sized businesses and big enterprises based on the size of the company. As far as industry is concerned, the market has been divided into the logistics and commercial services of third parties. The market sector was further divided into retail and consumer goods, IT & telecommunications, manufacture, BFSI, the government, energy & services, healthcare, transportation & logistics, etc.
In 2018, North America contributed most to the smart & mobile market of the supply chain. This expansion is largely attributed to the increasing adoption of smart and mobile solutions between small-and medium-sized enterprises and large companies to manage goods and services flow in an efficient way. Europe is a leading global market for intelligent and mobile supply chain management solutions, due to increasing awareness of the advantages of intelligent solutions. The smart and mobile supply chain management solutions market in Europe is pushed by advancing technology coupled with significant cost reduction. In the European market of intelligent and mobile supply chain management solutions, it is estimated that the forecast period will grow by 10.3percent at CAGR. The SOP segment is expected to account for a major portion of the European market in smart and mobile supply chain solutions, whereas the MES segments are expected to grow at a remarkable pace of growth in the forecast period. The SOP segment is expected to represent an important part of the smart and mobile supply chain management solutions market.
Market expansion in APAC will drive the world market. In the forecast period, China, Japan and India are expected to play a significant role in the global market with revenues from the region. In Asia Pacific, companies are currently implementing smart & mobile solutions for supply chain management. The region is worsening the adoption of devices like GPS and RFID. The market for intelligent supply chain solutions leads to improved efficiency and customer satisfaction. RFID is used for example to reduce the supply chain's surplus inventory and increase the visibility of the product.
Global Smart and Mobile Supply Chain Solutions Market, By Solution
Global Smart and Mobile Supply Chain Solutions Market, By Enterprise Size
Global Smart and Mobile Supply Chain Solutions Market, By Industry
Global Smart and Mobile Supply Chain Solutions Market, By Geography
The market research study on “Smart and Mobile Supply Chain Solutions Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Smart and Mobile Supply Chain Solutions market segments with market dynamics and their impact. The report also covers basic technology development policies.
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Key Players & Strategies
JDA Software Group, Inc., Manhattan Associates, Inc., SAP SE, Oracle Corporation, Epicor Software Corp., IBM Corporation, Descartes Systems Group, Inc., GT Nexus Inc., and Kewill Systems Plc. are key players operating on the global Smart & Mobile Supplies chain solutions market.