According to a new market report
published by Transparency Market Research , the global smart &
mobile supply chain solutions market was valued at US$ 13,614.8 Mn in
2018 and is expected to reach US$ 31,612.0 Mn by 2027, expanding at a
CAGR 9.9% from 2019 to 2027. According to the report, North America was
the largest contributor in terms of revenue to the smart & mobile supply chain market
in 2018. This expansion is primarily attributed to the rising adoption
of smart and mobile supply chain solutions among small & medium
enterprises and large enterprises in order to efficiently manage the
flow of goods and services.
Increasing demand for industrial automation and growth in e-commerce.
Smart & mobile supply chain solutions
are integrated software applications aimed at providing complete
business visibility, optimization of inventories, and synchronization of
supply with demand & manufacturing. Currently, competitive economic
conditions are compelling industries to increase production in a
cost-effective manner. This, in turn, is leading to a rise in the demand
for smart & mobile supply chain solutions aimed at optimizing
processes and supply chain.
Need for quicker turnaround time and
efficient utilization of resources is further driving the need for
automation in industries. Therefore, increasing demand for industrial
automation is a crucial factor boosting the smart & mobile supply
chain solutions market across the world. Furthermore, growth in
e-commerce coupled with the need to deliver goods rapidly to gain
competitive advantage have boosted the demand for smart & mobile
supply chain solutions. Manufacturers are turning from traditional
solutions to demand-driven solutions in order to efficiently meet
e-commerce and omni-channel challenges in the smart & mobile supply
chain solutions market.
Smart & Mobile Supply Chain Solutions Market: Scope of the Report
The global market for smart & mobile
supply chain solutions has been segmented based on solution, enterprise
size, industry, and geographic regions. In terms of solution, the market
has been classified into Transportation Management Systems (TMS),
Warehouse Management Systems (WMS), sourcing & procurement, supply
chain planning, and manufacturing execution system. Based on enterprise
size, the market has been divided into small & medium enterprises
and large enterprises. In terms of industry, the market has been split
into third party logistics (3PL) and commercial. The commercial segment
has been further sub-segmented into retail & consumer goods, IT
& telecom, manufacturing, BFSI, government, energy & utilities,
healthcare, transportation & logistics, and others (food &
beverages and aerospace & defense).
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