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Smart and Mobile Supply Chain Solutions Market Expected to Reach US$ 16,540.5 Mn by 2020 Globally

According to a new market report published by Transparency Market Research “Smart and Mobile Supply Chain Solutions Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, the global smart and mobile supply chain solutions market was valued at US$ 7,095.3 Mn in 2013 and is estimated to grow at a CAGR of 13.2% during the forecast period from 2014 to 2020. Use of smart and mobile supply chain solutions facilitates its users with instrumented, intelligent, and interconnected information about the supply chain. This information plays a key role in decision making for supply chain executives. Further, it also enables product manufacturers in studying dynamic consumer behavior. In addition, rising demand from emerging markets and increasing demand for dynamic supply chain solutions are some of the most significant growth drivers for the smart and mobile supply chain solutions market. In 2013, North America was the largest market for smart and mobile supply chain solutions with a share of 37.2% in terms of revenue.

The market for smart and mobile supply chain solutions comprises software and services. Rising demand for integration services with the entry of various supply chain solution providers in the market is a major factor expected to drive the services segment over the forecast period. Further, connected sourcing and procurement, and connected supply chain planning (SCP) are the two major software segments for the smart and mobile supply chain solutions market accounting for around 50% share of the total smart and mobile supply chain software market. Rapid technological advancements, increasing e-tendering by governments across the world and increasing emphasis on cost and carbon emission control are some of the major factors driving the demand for connected sourcing and procurement, and connected SCP software segments.

Retail, IT and telecommunication, manufacturing, banking, financial services and insurance (BFSI), government, energy and utility, healthcare, logistics and transportation among others are the segments of the smart and mobile supply chain solutions on the basis of end-use applications. Among these segments, retail and manufacturing were the largest contributors to the smart and mobile supply chain solutions market in 2013, which accounted for 18.5% and 18.4% shares, respectively. Increasing demand for integrated supply chain solutions in retail and logistics sectors is anticipated to drive the demand for smart and mobile supply chain solutions during the forecast period. 

Key players in the global smart and mobile supply chain solutions market include SAP SE, Oracle Corporation, JDA Software Group, Inc., Manhattan Associates, Inc., Epicor Software Corporation, IBM Corporation, Descartes Systems Group, Inc., Infor Global Solutions, Inc., GT Nexus Inc., and Kewill Systems Plc. The market is witnessing entry of ERP solution vendors offering smart and mobile supply chain solutions. 

Browse the full Smart and Mobile Supply Chain Solutions Market (By Component Type – Software and Services; By End-use Application – Retail, IT and Telecommunication, Manufacturing, BFSI, Government, Energy and Utility, Healthcare, Logistics and Transportation, and Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020 report at http://www.transparencymarketresearch.com/smart-mobile-supply-chain-solutions-market.html

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