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  • 14 June 2019 22:06

Smart and Mobile Supply Chain Solutions Market Circling In On USD 30 billion

Recent Research Study, the global smart and mobile supply chain solutions market is poised to reach around US$ 30 billion by 2026 and expected to grow at noteworthy CAGR around 10 % throughout the forecast period.

On the basis of component type, software and services are the two major types of smart and mobile supply chain solutions. Software component include software such as connected transportation management systems (TMS), connected warehouse management systems (WMS), connected sourcing and procurement, connected supply chain planning (SCP), connected manufacturing execution systems (MES), and connected analytics. Whereas, consulting, management and integration are the three types of services considered under services segment.

Connected TMS and connected WMS are the two software segments expected to witness significant growth in the forecast period due to factors such as increasing trend for agile warehouse management and volatile fuel prices around the world. Moreover, retail, IT and telecommunication, manufacturing, banking, financial services and insurance (BFSI), government, energy and utility, healthcare, logistics and transportation among others are the different types of end-use application segments of smart and mobile supply chain solutions market.

Globalization and rising demand for advanced SCM solutions from emerging markets in the Asia Pacific and Middle East regions are some of the major factors driving the demand for smart supply chain solutions. However, cost volatility of the supply chain entities and low availability of integration solutions are some factors hindering the growth of smart and mobile supply chain solutions.

In 2013, North America and Europe were the largest markets for smart and mobile supply chain solutions in terms of revenue. These regions have experienced significant adoption of smart supply chain solutions due to the presence of better IT infrastructure and growing organized retail industry. Retail and manufacturing are expected to remain the major end-use application segments over the forecast period. This is mainly attributed to the high demand for efficient supply chain and logistics solutions in these sectors. Furthermore, the Asia Pacific region is anticipated to be the fastest growing geographical segment for the smart and mobile supply chain solutions market. Strong economic growth in the Asian countries such as India, China and Japan, coupled with modernization of the retail and manufacturing industries are expected to drive the demand for smart and mobile supply chain solutions in the forecast period.

Key Players & Strategies

JDA Software Group, Inc., Manhattan Associates, Inc., SAP SE, Oracle Corporation, Epicor Software Corp., GT Nexus Inc., Descartes Systems Group, Inc., IBM Corporation, and Kewill Systems Plc. are key players operating on the global Smart & Mobile Supplies chain solutions market.

Among third-party logistics (3PL) service providers, the scope of the intelligent supply chain solutions is high. Government authorities also support the development of automation and innovative systems by 3PL industries, encouraging them to adopt intelligent and portable supply chain management solutions.

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