PUBLISHER: The Business Research Company | PRODUCT CODE: 1392900
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392900
“Smart And Mobile Supply Chain Solutions Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on smart and mobile supply chain solutions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for smart and mobile supply chain solutions? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The smart and mobile supply chain solutions market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Smart and mobile supply chain solutions encompass intelligent supply chain management systems that are self-organizing and self-improving. These systems contribute to the development of comprehensive business visibility, supply synchronization, and inventory optimization in response to demand and manufacturing. Their purpose is to facilitate information flow and decision-making across various supply chain partners. Additionally, smart and mobile supply chain solutions involve the utilization of mobile applications and devices to enhance supply chain activities, resulting in cost savings, improved supply chain responsiveness, and a competitive advantage for businesses.
The primary categories of smart and mobile supply chain management solutions include transportation management systems (TMS), warehouse management systems (WMS), sourcing and procurement, supply chain planning (SCP), and manufacturing execution systems (MES). Transportation management systems are technology-based logistics platforms that aid businesses in organizing, executing, and optimizing the actual movement of products. The enterprise sizes catered to by smart and mobile supply chain management solutions include small and medium enterprises, as well as large enterprises. Various end-users of these solutions span across industries such as retail and consumer goods, IT and telecom, manufacturing, BFSI, government, energy and utilities, healthcare, transportation and logistics, along with other sectors.
The smart and mobile supply chain management solutions market research report is one of a series of new reports from The Business Research Company that provides smart and mobile supply chain management solutions market statistics, including smart and mobile supply chain management solutions industry global market size, regional shares, competitors with a smart and mobile supply chain management solutions market share, detailed smart and mobile supply chain management solutions market segments, market trends and opportunities, and any further data you may need to thrive in the smart and mobile supply chain management solutions industry. This smart and mobile supply chain management solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 expansion observed in the historical period can be attributed to factors such as globalization and the development of complex supply chains, the surge in e-commerce, the increasing demand for real-time visibility in operations, and the pursuit of 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 anticipated growth in the forecast period can be attributed to the adoption of blockchain technology, the integration of artificial intelligence (AI) and machine learning (ML), the emphasis on sustainability and green supply chains, resilience planning and risk management, and the integration with 5G networks. Key trends expected in the forecast period encompass advancements in Internet of Things (IoT) and sensor technologies, the proliferation of mobile technology, the utilization of data analytics and AI, the adoption of cloud computing, and the continued development of blockchain technology.
The smart and mobile supply chain solutions market is anticipated to experience growth driven by the increasing adoption of 5G networks. The deployment of 5G, the fifth-generation mobile network, offers enhanced wireless connectivity with higher speed, responsiveness, and improved supply chain connectivity. The expanded bandwidth and lower latency contribute to a more efficient and interconnected experience for stakeholders across the supply chain. A 2022 study by Verizon and Incisiv revealed that 5G adoption currently stands at around 13%, expected to triple by 2024. Hence, the rising adoption of 5G networks is a key factor propelling the smart and mobile supply chain solutions market.
The growth of the smart and mobile supply chain solutions market is further fueled by the surging e-commerce industry. E-commerce, involving the electronic purchase of products and services, relies significantly on smart and mobile supply chain solutions to enhance operational efficiency, streamline logistics, and improve overall customer experiences. As of the first quarter of 2023, the U. S. Census Bureau reported approximately $277. 6 billion in retail e-commerce sales, indicating a 2. 1% growth compared to the same period in 2022. This rapid expansion in the e-commerce sector is a driving force behind the smart and mobile supply chain solutions market.
A prominent trend in the smart and mobile supply chain solutions market is technological advancement. Companies in this sector are actively incorporating various technologies, including blockchain, into their solutions to boost transparency and efficiency. For example, in April 2021, Honeywell International Inc. launched an advanced supply chain software suite utilizing digital disruptors to enhance efficiency and customer experiences. The software is deployed on ruggedized mobile computers, offering real-time visibility to both managers and employees. This integration of technologies contributes to making informed decisions and addressing operational challenges swiftly.
Major companies in the smart and mobile supply chain solutions sector are committed to developing innovative products, such as the Plug-and-Play Export-Import Logistics Management Platform, to solidify their market positions and expand their customer base. This user-friendly and ready-to-use platform empowers businesses, particularly SMEs, to efficiently manage cross-border transportation and logistics operations. Shipsy, an India-based logistics software solutions provider, unveiled its Plug-and-Play Export-Import Logistics Management Platform in October 2022, catering to Indian SMEs. Leveraging advanced AI, automation, and predictive analytics, this platform enables businesses to access competitive freight rates, make real-time bookings, monitor container movements, and receive valuable insights.
In April 2022, the merger of MHS Global and Fortna resulted in a multinational company providing comprehensive services in parcel, warehouse and distribution, and lifecycle services. The combination of MHS's automation technology and Fortna's operational optimization software addresses the demand for end-to-end logistics solutions, offering industry-leading capabilities in parcel, cross-docking, conveyance, sortation solutions, and operational designs leveraging advanced automation for greater efficiencies and cost savings.
Major companies operating in the 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 Systemes, Korber 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.
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
The countries covered in the smart and mobile supply chain solutions market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The smart and mobile supply chain solutions market consists of revenues earned by entities by providing connected supply chain management and connected analytics. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.