Global Smart & Mobile Supply Chain Solutions Industry is further estimated to grow at a CAGR of 10.2% from 2018 to 2025 to reach USD 28 Billion. Integrated software applications offering complete business visibility, inventory optimization, and supply synchronization with demand & manufacturing are smart and mobile supply chain solutions. Smart and mobile supply chain solutions incorporate functions including the supply, procurement, manufacturing, storage, transport and sale of information, materials and financial flows in full. Through enhanced client experience and cost optimization, the solutions aim to achieve a competitive edge. Smart and mobile solutions in the supply chain are important because effective solutions to the supply chain can improve service, reduce costs and boost revenues. The idea for smart and Mobile Supply Chain Solutions came from the pragmatic perspective of deviations from the manufacturing environment such as higher production prices, shorter product life cycles and reduced production base resource requirements.
Global Smart & Mobile Supply Chain Solutions Industry Share by 2025
Increasing industrial automation demand is a key factor which will drive the Industry for smart and mobile supply chain solutions. Furthermore, during the forecast period, the Industry will also benefit from a rapid increase in e-commerce activity. In addition, the Smart & Mobile supply chain solutions Industry is driven by growing storage demand, coupled with the need to cut order backlog and missing vessels. However, a lack of scalability of the infrastructure and system is a major impediment to the Industry.
In 2018, North America contributed most to the smart & mobile Industry of the supply chain. This expansion is largely attributed to the increasing adoption of smart and mobile solutions between small-and medium-sized enterprises and large companies to manage goods and services flow in an efficient way. Europe is a leading global Industry for intelligent and mobile supply chain management solutions, due to increasing awareness of the advantages of intelligent solutions. The smart and mobile supply chain management solutions Industry in Europe is pushed by advancing technology coupled with significant cost reduction. In the European Industry of intelligent and mobile supply chain management solutions, it is estimated that the forecast period will grow by 10.3percent at CAGR. The SOP segment is expected to account for a major portion of the European Industry in smart and mobile supply chain solutions, whereas the MES segments are expected to grow at a remarkable pace of growth in the forecast period. The SOP segment is expected to represent an important part of the smart and mobile supply chain management solutions Industry.
Industry expansion in APAC will drive the world Industry. In the forecast period, China, Japan and India are expected to play a significant role in the global Industry with revenues from the region. In Asia Pacific, companies are currently implementing smart & mobile solutions for supply chain management. The region is worsening the adoption of devices like GPS and RFID. The Industry for intelligent supply chain solutions leads to improved efficiency and customer satisfaction. RFID is used for example to reduce the supply chain's surplus inventory and increase the visibility of the product.
Major market players in Smart & Mobile supply chain solutions IBM Corporation, JDA Software Group Inc., SAP SE, Manhattan Associates, Inc., Epicor Software Corp., GT Nexus Inc., Oracle Corporation, Descartes Systems Group, Inc., Kewill Systems Plc., and Other Company Profile is provided as per client requirement.
Smart & Mobile supply chain solutions Industry Segmentation:
Smart & Mobile supply chain solutions Industry Overview, By Solution
Smart & Mobile supply chain solutions Industry, By Enterprise Size
Smart & Mobile supply chain solutions Industry, By Industry
Smart & Mobile supply chain solutions Industry Overview, by Region