Smart and Mobile Supply Chain Solutions Market Forecasts to 2028 – Global Analysis By Solution (Warehouse Management Systems (WMS), Transportation Management Systems (TMS), Manufacturing Execution Systems (MES), Sourcing & Procurement, Supply Chain Planni

Smart and Mobile Supply Chain Solutions Market Forecasts to 2028 – Global Analysis By Solution (Warehouse Management Systems (WMS), Transportation Management Systems (TMS), Manufacturing Execution Systems (MES), Sourcing & Procurement, Supply Chain Planning (SCP) and Other Solutions), Enterprise Size (SMEs, Large Enterprises and Other Enterprise Sizes), End User (Manufacturing, Retail & Consumer Goods, Government, IT & Telecom, Energy & Utilities, Healthcare, Transportation & Logistics and Other End Users) and By Geography

According to Stratistics MRC, the Global Smart and Mobile Supply Chain Solutions Market is accounted for $38.63 billion in 2022 and is expected to reach $63.40 billion by 2028 growing at a CAGR of 8.60% during the forecast period. Smart and mobile Supply Chain Management (SCM) solutions integrates functions such as sourcing, procurement, manufacturing, storage, transportation, material, financial flows and sales by completely managing information. It improves services to offer an enhanced customer experience and optimize operational costs. These solutions come from deviations in the manufacturing environment such as increase in price of manufacturing, shortened product lifecycles and shrinking resources of manufacturing bases. Supply chain management software with mobile integration helps organizations in vehicle inspections, deliveries, customer surveys, route planning and task management. It enables businesses to improve productivity, customer experience and automate the delivery process.

According to a study conducted by Verizon, a US-based telecommunications company and Incisiv, a US-based consumer industry insights company, the overall 5G adoption stands at about 13%, which is expected to triple by 2024.

Market Dynamics:

Driver:

Rise in integration of robotic process automation

Robotic Process Automation (RPA) generates a sequence of actions, integrates with back-end systems such as ERP and CRM, and then automatically executes the repeatable tasks. It helps to improve supply chain efficiency and reduce cost by automating processes and eliminates human errors and anomalies. It helps to streamline various processes such as email automation, vendor selection, order processing, payments, inventory management and customer service which are fuelling the market demand.

Restraint:

Cost instability

Cost instability remains a major challenge in the field of mobile supply chain solutions. The majority of supply chain executives are focused on the cost-effectiveness of the operations. Rapid changes in internal costs such as spikes in commodity prices, rapid wage inflation, sudden credit freezes, long-term implementation and revaluation of distribution strategies, load sharing, and third-party engagement are hampering the market growth.

Opportunity:

Increase in demand for industrial automation

Industrial automation is driving the demand for mobile devices and applications for supply chain management. Growth in competitiveness has prompted enterprises to manufacture high-quality products and reduce production costs. It has led to increased productivity, enhanced product quality, improved efficiency and reliability. This offers complete business visibility, optimizes inventories and synchronizes supply with demand and manufacturing.

Threat:

Low visibility of information

Lack of information transparency is the main problem in the supply chain solutions market. Even though a vast amount of information is available, the service supply providers find it difficult to record and gather the information. Despite of having better network connectivity, getting feasible information and integration are hindering the market growth.

Covid-19 Impact

The COVID-19 pandemic had a major impact on the global smart and mobile supply chain solutions market. Companies had developed technologies such as contactless delivery, mobile payment solutions and automated customer service. The widespread adoption of these technologies has passed as businesses strive to become more efficient and cost-effective. All these factors have positively as well as negatively impacted the market.

The manufacturing execution system (MES) segment is expected to be the largest during the forecast period

The manufacturing execution system (MES) segment is estimated to have a lucrative growth, due to its monitoring, tracking, documenting and controlling factors. It improves quality control and increases uptime while reducing inventory and costs. It has the ability to manage workflows and generate valuable production data. It can make operations more efficient, productive and responsive and thus drives the market demand.

The IT & telecom segment is expected to have the highest CAGR during the forecast period

The IT & telecom segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its operational efficiency and raising customer demand. Telecommunication industry is growing drastically due to increase in the competitive environment for more cheap products with better quality service. Secure configurations, digital transformations, strategic cost management and sustainability are fuelling the market growth.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to the rapid expansion of the e-commerce sectors. This region is widely adopting software that provides easy access to customer information, real-time analytics, operation monitoring and improved internal production processes due to rise in demand for logistics management services. These aspects are anticipating to the huge share in the market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the increase in adoption of advanced technologies. Manufacturing and retail & consumer goods sectors in this region are adopting advanced GPS and RFID. This region is having the top most key players and they are strengthening their operations and driving the growth of the market significantly in this region.

Key players in the market

Some of the key players profiled in the Smart and Mobile Supply Chain Solutions Market include IBM Corporation, SAP SE, Oracle Corporation, Honeywell International Inc, Magaya Corporation, The Descartes Systems Group Inc, Dassault Systems, Blue Yonder Group Inc, Korber AG, Kewill Systems plc, GT Nexus Inc, JDA Software Group Inc, Infor Global Solutions Inc, Epicor Software Corporation, Verizon connect, Manhattan Associates Inc, WiseTech Global, Vanguard

Key Developments:

In November 2022, Honeywell launched its new operational technology (OT) cybersecurity solutions, designed to assist customers in defending the availability, reliability and safety of their industrial control systems and operations which include a new Advanced Monitoring and Incident Response (AMIR) dashboard and updated Cyber App Control.

In October 2022, Oracle announced Oracle Alloy, a new cloud infrastructure platform that enables service providers, integrators, independent software vendors (ISVs) and other organizations such as financial institutions or telecommunications providers to become cloud providers and roll out new cloud services to their customers.

Solutions Covered:
• Warehouse Management Systems (WMS)
• Transportation Management Systems (TMS)
• Manufacturing Execution Systems (MES)
• Sourcing & Procurement
• Supply Chain Planning (SCP)
• Other Solutions

Enterprise Sizes Covered:
• SMEs
• Large Enterprises
• Other Enterprise Sizes

End Users Covered:
• Manufacturing
• Retail & Consumer Goods
• Government
• IT & Telecom
• Energy & Utilities
• Healthcare
• Transportation & Logistics
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements