09-13-2017 04:40 PM CET - IT, New Media & Software

Smart Mobile Supply Chain Solutions Market : Advanced Technologies & Growth Opportunities in Global Industry

Press release from: Transparency Market Research Technology

Supply chain management is defined as the management of flow of goods within the supply chain. It majorly includes the storage and movement of raw materials, inventory management, and management of finished goods from point of production to consumption point. Interlinked and interconnected channels, networks, and node business are involved in the management of products and services which are required by the end customers in the supply chains.

The global smart and mobile supply chain solutions market was valued at US$ 7,095.3 Mn in 2013 and is expected to grow at a CAGR of 13.2% during the forecast period 2014 – 2020.

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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.

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.

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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.

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.

The global smart and mobile supply chain solutions market is led by players such as SAP SE, Oracle Corporation, JDA Software Group, Inc., Manhattan Associates, Inc., Epicor Software Corporation, IBM Corporation, Descartes Systems Group, Inc., Infor Global Solutions, Inc., GT Nexus Inc., and Kewill Systems Plc.

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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