Global Smart and Mobile Supply Chain Solutions Market: Overview
Supply chain management is administering the flow of goods as well as services, including the entire processes of transforming raw materials into finished products. A major part of SCM (supply chain management) is the supply and distributing of products. Supply chain processes continue to play crucial roles in the generation of information and gathering data & information from manufacturers, retailers, and wholesalers. The flow of information from suppliers and retailers has been rising because there can be observed a surge in compliance mandates. This makes the supply chain more expensive, complex, and vulnerable.’
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Global Smart and Mobile Supply Chain Solutions Market: Growth Factors
As several next-gen digital services have been accelerating the delivery of improved supply chain process innovations as well as technology solutions, the global smart and mobile supply chain solutions market size is predicted to expand considerably. Optimization of the entire ecosystem is gaining a rising amount of attention from the end-users due to which these solutions are gaining value in terms of revenue. Due to the negative economic impact of the COVID-19 outbreak, capacity shortages as well as trade tensions have obstructed the supply chains. This has created a spiraling demand for visibility solutions that enable supply chain professionals to actively manage operations, at the same time ensuring on-time delivery of shipments.
Third-party logistics service providers as well as the e-commerce industry have been exhibiting a surging demand for these solutions due to which the global smart and mobile supply chain solutions market is certain to soar. The emerging trend of industrial automation has been instrumental in favoring the market outlook.
The expansion of the market can be hampered due to the slower rate of adoption of these solutions owing to their high costs through the forecast timeline. Also, cost volatility in terms of these solutions might prove to hamper the overall smart and mobile supply chain solutions market expansion. Furthermore, low visibility of information will also impede the growth of this market. However, the global smart and mobile supply chain solutions market is expected to ascend owing to the implementation of SaaS (Software as a Service) model with a view to achieve a competitive edge.
Global Smart and Mobile Supply Chain Solutions Market: Segmentation
The global smart and mobile supply chain solutions market has been differentiated by component, by services, by end-use industry, and by region. On the basis of component, the market can be segregated into software and services. Software is further divided into connected WMS, connected TMS, connected SCP, connected sourcing & procurement, connected analysis, and connected MES. The services segment can be categorized into management & integration and consulting.
By end-use industry, the global smart and mobile supply chain solutions market has been classified into retail, banking, financial services & insurance (BFSI), government, IT and telecommunication, energy & utility, logistics & transportation, healthcare, and others.
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Global Smart and Mobile Supply Chain Solutions Market: Regional Analysis
Asia Pacific is expected to witness a significant volume of demand for these solutions through 2026, owing to the presence of a robust manufacturing sector across countries such as India and China. The rapid penetration of globalization, alongside the increasing frequency of research & development activities in the region has been scooping out more demand across the global smart and mobile supply chain solutions market.
North America has been witnessing significant rise in demand for these technologies owing to the emerging trend of greener supply chain seeking to reduce carbon footprints as well as supply chain waste. The degree of consumer awareness associated with the recyclability and reusability of products that are used in packaging and transportation have been pushing the green SCM initiatives across this region. Reduction in delivery time and enhanced efficiency of green SCM solutions has been a primary factor aiding the progress of the global smart and mobile supply chain solutions market.
Global Smart and Mobile Supply Chain Solutions Market: Competitive Players
Kewill Systems, GT Nexus Inc., Infor Global Solutions, Inc., Descartes Systems Group, Inc., IBM Corporation, SAP SE, Oracle Corporation, JDA Software Group, Inc., Manhattan Associates, Inc., and Epicor Software Corporation are some of the prominent industry names leading the global smart and mobile supply chain solutions market.
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Global Smart and Mobile Supply Chain Solutions Market: Regional Segment Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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