How Has The Smart And Mobile Supply Chain Solutions Market Size Evolved In Recent Years?
The smart and mobile supply chain solutions market has seen considerable growth due to a variety of factors.
• The market for smart and mobile supply chain solutions has seen significant growth in the past years. Its size is projected to increase from $23.21 billion in 2024 to $25.3 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%.
Factors contributing to this growth during the historic period include the expansion of globalization and intricate supply chains, the escalation of e-commerce, the necessity for real-time visibility, and the drive for cost reduction and operational efficiency.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Smart And Mobile Supply Chain Solutions Market?
The smart and mobile supply chain solutions market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, a rapid expansion is predicted for the smart and mobile supply chain solutions market, which is expected to reach a value of $42.74 billion in 2029, growing at a compound annual growth rate (CAGR) of 14.0%.
The predicted growth within this timeframe can be credited to the uptake of blockchain technology, artificial intelligence (A) and machine learning (ML), along with factors like sustainability and green supply chains, risk management, and resilience planning, as well as 5G network integration. The forward-looking trends that will be pivotal in this period encompass improvements in IoT and sensor technologies, the spread of mobile technology, data analytics and AI, cloud computing, and blockchain technology.
Which Drivers Are Accelerating Growth In The Smart And Mobile Supply Chain Solutions Market?
The smart and mobile supply chain solutions market is poised to benefit from the rising acceptance of 5G networks. As the 5th generation of mobile networks, 5G elevates speeds and wireless network responsiveness. This acceleration in 5G network speed, alongside broader bandwidth and reduced latency, enhances supply chain connectivity. Consequently, all stakeholders involved can enjoy a faster, more connected experience throughout the supply chain. A 2022 research by Verizon, a telecommunication enterprise in the US, along with Incisiv, a US-based firm providing consumer industry insights, reveals that the overall 5G adoption rate is around 13%. This rate is projected to triple by 2024. Hence, the burgeoning adoption of 5G networks fuels the demand for smart and mobile supply chain solutions.
What Are The Core Segments Of The Global Smart And Mobile Supply Chain Solutions Market?
The smart and mobile supply chain solutions market covered in this report is segmented –
1) By Solution: Transportation Management Systems (TMS), Warehouse Management Systems (WMS), Sourcing and Procurement, Supply Chain Planning (SCP), Manufacturing Execution Systems (MES)
2) By Enterprise Size: Small and Medium Enterprises, Large Enterprises
3) By End-User: Retail and Consumer Goods, IT and Telecom, Manufacturing, BFSI, Government, Energy and Utilities, Healthcare, Transportation and Logistics, Other End-Users
Subsegments:
1) By Transportation Management Systems (TMS): Fleet Management, Route Optimization, Carrier Management
2) By Warehouse Management Systems (WMS): Inventory Management, Order Fulfillment, Labor Management
3) By Sourcing And Procurement: Supplier Management, eProcurement Solutions, Spend Analysis
4) By Supply Chain Planning (SCP): Demand Forecasting, Supply Planning, Sales And Operations Planning (S AndOP)
5) By Manufacturing Execution Systems (MES): Production Monitoring, Quality Management, Resource Management
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Which Emerging Trends Are Reshaping The Smart And Mobile Supply Chain Solutions Market Size?
Technological progress is a key emerging trend in the smart and mobile supply chain solutions market. Firms in this market are keen on incorporating various technologies, including blockchain, into their smart and mobile supply chain solutions to enhance efficiency and reinforce transparency. GEP, a US-based company, for example, introduced its AI-Driven Total Orchestration Solution, aimed at transforming enterprise procurement and supply chain operations in May 2024. By utilizing AI, machine learning, and data analytics, it plans to overhaul enterprise procurement and supply chain operations. The solution integrates GEP's proprietary platforms, GEP SMART for procurement and GEP NEXXE for supply chain management, creating a unified ecosystem that provides comprehensive visibility, flexibility, and optimization throughout the entire supply chain.
Who Are the Key Players in the Smart And Mobile Supply Chain Solutions Market?
Major companies operating in the smart and mobile supply chain solutions market include:
• SAP SE
• Oracle Corporation
• JDA Software Group
• Manhattan Associates Inc.
• Epicor Software Corporation
• International Business Machines Corporation (IBM)
• The Descartes Systems Group Inc.
• Blue Yonder Group Inc.
• Infor
• Magaya Corporation
• Dassault Systèmes
• Körber AG
• Honeywell International Inc.
• Logility Inc.
• Kinaxis Inc.
• GT Nexus Inc.
• E2open LLC
• BluJay Solutions
• Elemica Inc.
• One Network Enterprises
• Amber Road Inc.
• LeanLogistics Inc.
• MercuryGate International Inc.
• Transplace Inc.
• Freightgate Inc.
• Shipwell Inc.
• FourKites Inc.
• project44 Inc.
• Loadsmart Inc.
• Convoy Inc.
What are the Regional Insights into the Smart And Mobile Supply Chain Solutions Market?
North America was the largest region in the smart and mobile supply chain solutions market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart and mobile supply chain solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
