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Smart & Mobile Supply Chain Solutions Market

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Smart & Mobile Supply Chain Solutions Market Expected to Reach US$ 31,612.0 Mn by 2027
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.
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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).
Based on region, the global smart & mobile supply chain solutions market has been segregated
into North America, Asia Pacific, Europe, South America, and Middle East & Africa. Among these
regions, North America accounts for a prominent share, in terms of revenue, of the global
smart & mobile supply chain solutions market. Rapid digitization in the field of supply chain is a
major factor boosting the market in the region. However, Asia Pacific and Europe are also
projected to hold significant share of the global market during the forecast period. Europe is a
prominent market for smart & mobile supply chain management solutions, globally, due to
rising awareness about the advantages of smart solutions. Evolving technologies coupled with
significant cost reduction is a major factor driving the smart & mobile supply chain
management solutions market in Europe. Emerging countries such as Brazil, Russia, China, and
India are also fueling the demand for the smart & mobile supply chain solutions. Moreover, a
rise in the demand for sourcing and procurement services for supply chain management is also
boosting the market across the globe.
Author
monaliraghu
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smart, solutions, chain, market, mobile, supply
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