Smart and Mobile Supply Chain Solution Market Size Zooming 2.6X at Robust CAGR of 14.7% Touching USD 102.55 Billion by 2029
Smart and mobile supply chain solution market is flourishing due to the growing need for real-time visibility and efficiency in supply chain operations, increasing adoption of IoT and mobile technologies
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global smart and mobile supply chain solution market size at USD 39.24 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global smart and mobile supply chain solution market size to grow at a CAGR of 14.7% reaching a value of USD 102.55 billion by 2029. Global smart and mobile supply chain solution market is primarily driven by several key factors. The increasing demand for real-time visibility and transparency in supply chain operations has spurred the adoption of smart solutions. Also, the growing e-commerce sector necessitates efficient logistics and inventory management, fueling the need for smart supply chain technologies. The proliferation of IoT devices and advanced analytics tools enables data-driven decision-making. Further, the need to optimize supply chain processes, reduce costs, and enhance overall efficiency is propelling the market's growth. The COVID-19 pandemic has underscored the importance of resilient supply chains, further boosting the adoption of these solutions.
Smart and Mobile Supply Chain Solution - Overview
A smart and mobile supply chain solution is a technology-driven approach to streamline and optimize the management of goods and materials throughout the supply chain. It leverages mobile devices, IoT (Internet of Things), and data analytics to provide real-time visibility, tracking, and control over inventory, shipments, and logistics. This solution enables businesses to make data-informed decisions, improve operational efficiency, reduce costs, and enhance customer satisfaction. It offers the flexibility to adapt to changing market conditions and ensures a more agile, responsive, and connected supply chain ecosystem.
Impact of COVID-19 on Global Smart and Mobile Supply Chain Solution Market
Global smart and mobile supply chain solution market experienced a mixed impact due to the COVID-19 pandemic. While the increased demand for single-use plastics like packaging materials boosted the market, disruptions in supply chains, reduced production capacities, and a decline in overall economic activity hindered growth. Manufacturers faced challenges in sourcing raw materials and meeting production targets. As consumer preferences shifted towards eco-friendly alternatives, the market also saw increased interest in sustainable nucleating and clarifying agents. Overall, the market's performance was a mixed bag, with COVID-19-related fluctuations in demand and supply dynamics shaping its trajectory.
Global Smart and Mobile Supply Chain Solution Market – By Organization Size
By organization size, the global smart and mobile supply chain solution market is divided into Small and Medium-sized Enterprises (SMEs) and Large Enterprises segments. The large enterprises segment is a larger organization size segment in the global smart and mobile supply chain solution market. Large corporations, with their expansive operations and resources, often prioritize the implementation of advanced supply chain solutions to enhance efficiency, reduce costs, and improve overall performance. These companies can invest in comprehensive, sophisticated systems that integrate IoT, AI, and mobile technologies. SMEs also adopt such solutions, but they may face budget constraints and resource limitations, which can make the large enterprise segment dominant in terms of market share and overall investment in cutting-edge supply chain technologies.
Global smart and mobile supply chain solution market is fiercely competitive. Major companies in the market include Blur Yonder Group, Inc, Manhattan Associates, Inc, SAP SE, Orcale, Epicor Software Corporation, IBM, THE DESCARTES SYSTEMS GROUP INC, Infor, Kewill Systems plc, Salesforce, and New Market Solutions, LLC. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the global smart and mobile supply chain solution market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Smart and Mobile Supply Chain Solution Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Global Smart and Mobile Supply Chain Solution Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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