Smart & Mobile Supply Chain Solutions Market Size, Share, Growth, and Industry Analysis by Type (Transportation Management Systems (TMS), Warehouse Management Systems (WMS), Sourcing and Procurement, Supply Chain Planning (SCP), Manufacturing Execution Systems (MES)), by Application (SMEs, Large Enterprises), Regional Insights and Forecast to 2031

Updated On: 15 April 2024

SMART & MOBILE SUPPLY CHAIN SOLUTIONS MARKET REPORT OVERVIEW

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The global smart & mobile supply chain solutions market size was USD 16151.39 million in 2021 and the market is projected to touch USD 30149.17 million by 2027, exhibiting a CAGR of 10.96% during the forecast period.

Smart & mobile supply chain solutions refer to an intelligent supply chain management system which is self-organizing and self-improving and is employed in the development of systems that enable total business visibility, supply synchronization, and inventory optimization in response to demand and manufacturing. The smart and mobile supply chain solutions market comprises of the sales of smart and mobile supply chain solutions by entities that are used to create information flow and decision-making through various supply chain partners. It also relates to the use of mobile uses and devices to enhance supply chain activities and as an outcome, help businesses save money, improve supply chain awareness, and gain a competitive advantage.

The different end-users of smart and mobile supply chain management solutions include retail and consumer goods, IT and telecom, manufacturing, BFSI, government, energy and utilities, healthcare, transportation and logistics and other end-users. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

SMART & MOBILE SUPPLY CHAIN SOLUTIONS MARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into transportation management systems (TMS), warehouse management systems (WMS), sourcing and procurement, supply chain planning (SCP), manufacturing execution systems (MES).

Supply chain planning (SCP) will capture the maximum market share through forecast period.  It is used to accurately forecast demand, plan inventory and production in response to that demand, and manage supply chain activities. These systems are essential for optimizing the balance between supply and demand, managing resources, and ensuring efficient operation of the supply chain.

• By Application Analysis

According to application, the market can be segmented into SMEs, large enterprises.

Smart & mobile supply chain solutions market players cover segment as SMEs will dominate the market share during forecast period. SMEs may have limited IT resources, so solutions that are easy to implement and use, with minimal training, are preferred. It can be tailored to their specific needs, they often don't need the complex customization that larger enterprises might.

DRIVING FACTORS

"Increasing Adoption Of 5G Networks To Boost The Market Growth"

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 of 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.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the smart & mobile supply chain solutions market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices. The advancement in technology is the key development gaining fame in the smart and mobile supply chain solutions market. Companies in the market are focusing on integrating different technologies such as block chain into smart and mobile supply chain solutions to upsurge transparency and progress productivity.

RESTRAINING FACTOR

"Lack Of Information Transparency To Hamper The Market Growth"

Lack of information transparency is hampering development of the market. Enormous amount of information is available throughout the supply chain, the majority of service providers find it challenging to record and gather this information. Technical difficulties will reduce the industry revenue.

SMART & MOBILE SUPPLY CHAIN SOLUTIONS MARKET REGIONAL INSIGHTS

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"North America to Dominate the Region Due To Acceptance of advanced technology"

North America is further expected to witness growth in the smart & mobile supply chain solutions market share. The region is dominating the market due to increase in acceptance of advanced technologies. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Manhattan Associates, Inc. (U.S.)
• Blue Yonder Group, Inc. (U.S.)
• Oracle Corporation (U.S.)
• IBM Corporation (U.S.)
• Honeywell International Inc. (U.S.)

INDUSTRIAL DEVELOPMENT

June 2022: Lineage Logistics LLC, a provider of industrial REIT and logistics solutions, acquired Turvo Inc, which offers supply chain management, collaboration, and visibility software.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.