Smart Mobile Supply Chain Solutions Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
Smart Mobile Supply Chain Solutions Market: Overview and Definition
Smart mobile supply chain solutions refer to the use of mobile and smart technologies to optimize and automate the management and monitoring of supply chain processes. These solutions typically involve the use of mobile devices, wireless communication, and cloud-based software platforms to improve supply chain visibility, streamline workflows, and increase efficiency.
The smart mobile supply chain solutions market refers to the industry involved in the development, production, and distribution of these technologies and related services. This market includes a variety of hardware, software, and services, including mobile devices, supply chain management software, logistics and inventory management solutions, and other related technologies.
The smart mobile supply chain solutions market is driven by the increasing demand for real-time supply chain visibility, the need for more efficient and responsive supply chain processes, and the growing adoption of mobile and smart technologies in the logistics industry. As the market continues to evolve and new technologies emerge, smart mobile supply chain solutions are expected to play an increasingly important role in the management and optimization of global supply chains, enabling companies to better manage their inventories, reduce costs, and improve customer satisfaction.
The smart and mobile supply chain solution provides application-based tools for business solutions relating to supply chain management. Companies have utilized smart mobile supply chain management principles and practices as instruments to realize an advantage in competition between business networks. It helps the businesses to use the Information and Communication Technologies to make supply chains much smarter and sustainable. It involves the design and control of the forward and reverses flows and storage of products, services and related information within the smart supply chain so as to satisfy customer requirements. Smart Mobile Supply Chain includes the coordination with suppliers, intermediaries, third-party service providers, and customers. It integrates optimizing inventories and synchronizing the smart supply chain with demand and manufacturing.
Smart Mobile Supply Chain is leveraging the power of Data and Digital Technology to achieve world class performance in terms of costs, cash, and customer satisfaction, creating competitive advantage and seizing new business opportunities
Smart Mobile Supply Chain is connecting customers, companies and suppliers in order to create transparency, reliability and efficiency by intelligent use of information throughout the Value Chain from Demand to Supply
Growing Demand for Industrial Automation and Expansion in E-Commerce.
Increasing demand for industrial advancement is the key factor that is likely to drive the smart & mobile supply chain solutions market. The growing market in e-commerce activities is also expected to offer considerable opportunities to the market during the forecast period.
Competitive economic conditions are pushing 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.
The smart and mobile supply chain solutions market is segmented on the basis of components, enterprise size, and industry vertical. Based on components, the market is segmented as transportation management systems (TMS), warehouse management systems (WMS), sourcing and procurement, supply chain planning (SCP), and manufacturing execution systems (MES). On the basis of the enterprise size, the market is segmented as small and medium enterprises and large enterprises. The market on the basis of the industry vertical is classified as BFSI, IT & telecom, transportation & logistics, healthcare, manufacturing, retail & consumer goods, and others.
• Transport Management System
• Warehouse Management System
• Sourcing and Procurement
• Supply Chain Planning
• Manufacturing Execution System
By Enterprise Size
• Small and Medium Enterprises
• Large Enterprises
By Industry Vertical
• IT & Telecom
• Transportation & Logistics
• Retail & Consumer Goods
Based on the region, the market is segregated into North America, Europe, South America, Asia-Pacific and Middle East and Africa. Among them, North America accounts for a significant share in the market owing to rapid digitization. Europe is a prominent market for smart mobile supply chain management solutions, globally, due to increasing awareness regarding the advantages of smart solutions. Evolving technologies coupled with significant cost reduction is a major factor propelling the smart & mobile supply chain management solutions market in Europe.
The major players operating in the smart and mobile supply chain solutions market include
• JDA Software Group, Inc.,
• Manhattan Associates, Inc.,
• SAP SE, Oracle Corporation,
• Epicor Software Corp.,
• GT Nexus, Inc.,
• Descartes Systems Group, Inc.,
• IBM Corporation, Kewill Systems Plc. And
• Infor Global Solutions.
Major companies are developing advanced technologies in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions.