Overview and Scope
Smart and mobile supply chain solutions refer to an intelligent supply chain management system that is self-organizing and self-improving and is employed in the development of systems that enable total business visibility, supply synchronization, and inventory optimization in response to demand and manufacturing. Smart and mobile supply chain solutions are used to generate information flow and decision-making across various supply chain partners. It also relates to the use of mobile applications and devices to enhance supply chain activities and, as a result, help businesses save money, improve supply chain responsiveness, and gain a competitive advantage.
Sizing and Forecast
The smart and mobile supply chain solutions market size has grown rapidly in recent years. It will grow from $21.55 billion in 2023 to $23.74 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to globalization and complex supply chains, rise of e-commerce, demand for real-time visibility, cost reduction and operational efficiency.
The smart and mobile supply chain solutions market size is expected to see rapid growth in the next few years. It will grow to $37.02 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to blockchain technology adoption, artificial intelligence (ai) and machine learning (ml), sustainability and green supply chains,resilience planning and risk management, integration with 5g networks. Major trends in the forecast period include advancements in iot and sensor technologies, mobile technology proliferation, data analytics and ai, cloud computing, blockchain technology.
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Segmentation & Regional Insights
The smart and mobile supply chain solutions market covered in this report is segmented –
1) By Solution: Transportation Management Systems (TMS), Warehouse Management Systems (WMS), Sourcing and Procurement, Supply Chain Planning (SCP), Manufacturing Execution Systems (MES)
2) By Enterprise Size: Small and Medium Enterprises, Large Enterprises
3) By End-User: Retail and Consumer Goods, IT and Telecom, Manufacturing, BFSI, Government, Energy and Utilities, Healthcare, Transportation and Logistics, Other End-Users
North America was the largest region in the smart and mobile supply chain solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart and mobile supply chain solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing adoption of 5G networks is expected to drive the smart and mobile supply chain solutions market. 5G is the 5th generation mobile network for higher speed and responsiveness in wireless networks. With increased 5G network speed, bandwidth, and lower latency, there is better supply chain connectivity, and stakeholders have a quicker and better-connected experience across the supply chain. According to a 2022 study conducted by Verizon, a US-based telecommunications company, and Incisiv, a US-based consumer industry insights company, overall 5G adoption stands at about 13%, which is expected to triple by 2024. Therefore, the increasing adoption of 5G networks drives the market for smart and mobile supply chain solutions.
Key Industry Players
Major companies operating in the smart and mobile supply chain solutions market report are SAP SE, Oracle Corporation, JDA Software Group, Manhattan Associates Inc., Epicor Software Corporation, International Business Machines Corporation (IBM), The Descartes Systems Group Inc., Blue Yonder Group Inc., Infor, Magaya Corporation, Dassault Systèmes, Körber AG, Honeywell International Inc., Logility Inc., Kinaxis Inc., GT Nexus Inc., E2open LLC, BluJay Solutions, Elemica Inc., One Network Enterprises, Amber Road Inc., LeanLogistics Inc., MercuryGate International Inc., Transplace Inc., Freightgate Inc., Shipwell Inc., FourKites Inc., project44 Inc., Loadsmart Inc., Convoy Inc.
The smart and mobile supply chain solutions market report table of contents includes:
1. Executive Summary
2.Smart And Mobile Supply Chain Solutions Market Characteristics
3. Smart And Mobile Supply Chain Solutions Market Trends And Strategies
4. Smart And Mobile Supply Chain Solutions market analysis
5. Smart And Mobile Supply Chain Solutions Market Size And Growth
6. Smart And Mobile Supply Chain Solutions Segmentation
7. Smart And Mobile Supply Chain Solutions Regional And Country Analysis
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27.Smart And Mobile Supply Chain Solutions Competitive Landscape And Company Profiles
28. Smart And Mobile Supply Chain Solutions Key Mergers And Acquisitions
29. Smart And Mobile Supply Chain Solutions Future Outlook and Potential Analysis
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