PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550713
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550713
Global smart and mobile supply chain solutions market is estimated to be valued at US$ 47.02 Bn in 2024 and is expected to reach US$ 102.13 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 47.02 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 11.70% | 2031 Value Projection: | US$ 102.13 Bn |
Global smart and mobile supply chain solutions market growth is driven by rapid digitization of logistics and transportation sector. Smart supply chain solutions such as transportation management system, warehouse management system and supply chain planning uses IoT, cloud computing and big data analytics to provide real-time inventory visibility, advanced planning and forecasting. These help businesses to improve operational efficiency, reduce costs and optimize resource utilization across the supply chain network. With growing e-commerce industry and demand for faster delivery of goods, smart supply chain management is becoming indispensible for supply chain visibility and increased agility. The market is expected to witness growth as supply chain operators look to gain competitive advantage through adoption of advanced digital technologies.
Global smart and mobile supply chain solutions market growth is driven by growing need for operational efficiency and real-time supply chain visibility among enterprises. Rising complexities in supply chain networks coupled with demand for faster delivery of goods has compelled businesses to implement smart logistics solutions for optimized resource planning and enhanced decision making. Furthermore, proliferation of IoT sensors and connectivity technologies enable tracking of shipments and assets in real-time. This boosts adoption of smart supply chain solutions for end-to-end transparency and improved inventory management. However, high initial investments for deployment and integration of these solutions can pose major challenge for small and medium enterprises. Issues pertaining to data security and privacy amid growing incidents of cyberattacks can hamper the market growth. Block chain-based solutions offering decentralized and immutable logistics records can provide growth opportunities.
This report provides in-depth analysis of the global smart and mobile supply chain solutions market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players such as Accenture PLC, Amazon Web Services, Blue Yonder (formerly JDA Software), Cisco Systems, Inc., Dassault Systemes, DHL Supply Chain, FedEx Corporation, Google LLC, Honeywell International Inc., IBM Corporation, Infosys Limited, Infor, Inc., Intel Corporation, Manhattan Associates, Inc., Microsoft Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global smart and mobile supply chain solutions market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart and mobile supply chain solutions market