World News: 14:29 GMT Wednesday 15th May 2019. [Acumen Research and Consulting via Globe Newswire via SPi World News]
LOS ANGELES, May 15, 2019 (GLOBE NEWSWIRE) -- The Global is estimated to grow at CAGR above 10% over the forecast time frame 2019-2026 and reach the market value around USD 30 billion by 2026.
Integrated software applications offering complete business visibility, inventory optimization, and supply synchronization with demand & manufacturing are smart and mobile supply chain solutions. Smart and mobile supply chain solutions incorporate functions including the supply, procurement, manufacturing, storage, transport and sale of information, materials and financial flows in full. Through enhanced client experience and cost optimization, the solutions aim to achieve a competitive edge. Smart and mobile solutions in the supply chain are important because effective solutions to the supply chain can improve service, reduce costs and boost revenues. The idea for smart and Mobile Supply Chain Solutions came from the pragmatic perspective of deviations from the manufacturing environment such as higher production prices, shorter product life cycles and reduced production base resource requirements.
Increasing industrial automation demand is a key factor which will drive the market for smart and mobile supply chain solutions. Furthermore, during the forecast period, the market will also benefit from a rapid increase in e-commerce activity. In addition, the smart & mobile supply chain solutions market is driven by growing storage demand, coupled with the need to cut order backlog and missing vessels. However, a lack of scalability of the infrastructure and system is a major impediment to the market.
Integrated software applications to provide complete business visibility, inventory optimization, and supply synchronization with demand & manufacture are smart & mobile supply chain solutions. Currently, competitive economic conditions impel industries to cost-effectively increase production. This leads to increased demand for smart and mobile supply chain solutions for process and supply chain optimization. Faster turnaround time and efficient resource utilization further drive the need for industry automation.
Increased industrial automation demand is therefore a crucial driver for boosting the worldwide smart & mobile solution supply chain market. In addition, growth in e-commerce, coupled with the need to deliver goods quickly, has boosted the demand for intelligent and mobile supply chain solutions. Producers use conventional solutions to respond to the demand-driven solutions in the smart & mobile market for e-commerce and omni-channel solutions.
Based in the region, North America, Asia Pacific, Europe, South America, and Middle East & Africa are the global market for smart & mobile provider solutions. North America has a significant share of the world's smart & mobile supply-chain solutions market in terms of sales among these areas. Rapid digitisation is a major driver in the region's market, boosting in the supply chain. Nevertheless, it is expected that Asia Pacific and Europe will also have significant global market share during the forecast period. Europe is a leading global supply chain management solution market for smart and mobile solutions because of an increased awareness of the benefits of intelligent solutions. The smart & mobile supply chain management solutions market in Europe is driven by evolving technologies combined with substantial cost reduction. The demand for smart & mobile supply chain solutions is also fueling in emerging countries such as Brazil, Russia, China, and India. In addition, the demand for supply chain administration supply sourcing and procurement services is also increasing worldwide.
JDA Software Group, Inc., Manhattan Associates, Inc., SAP SE, Oracle Corporation, Epicor Software Corp., GT Nexus Inc., Descartes Systems Group, Inc., IBM Corporation, and Kewill Systems Plc. are key players operating on the global Smart & Mobile Supplies chain solutions market.
Among third-party logistics (3PL) service providers, the scope of the intelligent supply chain solutions is high. Government authorities also support the development of automation and innovative systems by 3PL industries, encouraging them to adopt intelligent and portable supply chain management solutions.
Globe Newswire: 14:29 GMT Wednesday 15th May 2019
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.