Press release
Smart And Mobile Supply Chain Solutions Market Trends, Market Share, Size, Growth Status And Forecast To 2033
Smart And Mobile Supply Chain Solutions Market Analysis
The Business Research Company offers in-depth market insights through Smart And Mobile Supply Chain Solutions Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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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Market Segmentation:
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
Major Driver - 5G Network Adoption Accelerating Growth In The Smart And Mobile Supply Chain Solutions Market
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.
Competitive Landscape:
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.
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Top Trend - Technology Advancements Transforming The Smart And Mobile Supply Chain Solutions Market
The advancement in technology is the key trend gaining popularity in the smart and mobile supply chain solutions market. Companies in the market are focusing on integrating different technologies, such as blockchain, into smart and mobile supply chain solutions to increase transparency and improve efficiency. For instance, in April 2021, Honeywell International Inc., a technology and engineering company, launched a suite of improved supply chain software incorporating digital disruptors to offer a strong solution to assist businesses in achieving their need for increased efficiencies and better customer experiences. The software is installed on ruggedized mobile computers from Honeywell, including the Mobility Edge platform's Honeywell CT40, CT40XP, CT60, CT60XP, CN80, CN80G, CK65, RT10A, and Thor VM1A and VM3A. Both managers and employees can see the entire operation in real time. Managers can make automated data-driven decisions on the fly using machine learning insights to help solve and keep problematic situations from happening. The suite includes Fareye, Honeywell Operational Intelligence, and Honeywell Smart Talk.
The Table Of Content For The Market Report Include:
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 - Macro Economic Scenario
5. Smart And Mobile Supply Chain Solutions Market Size And Growth
…..
27. Smart And Mobile Supply Chain Solutions Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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