Albany, NY, Jan. 20, 2016 (GLOBE NEWSWIRE) -- Transparency Market Research (TMR) has recently published report, detailing the present dynamics and growth opportunities for the global smart and mobile supply chain solutions market. It studies the prevalent demand and supply trends for smart and mobile supply chain solutions, and evaluates how the same is likely to impact the market in the near future. Based on in-depth findings, the analysts behind the report estimate that the global smart and mobile supply chain solutions market, which was valued at US$7,095.3 million in 2013, is likely to develop at a positive CAGR of 13.2% between 2014 and 2020.
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Smart and mobile supply solutions provide users intelligent, interconnected, and instrumented information about the supply chain. The information thus obtained is crucial for supply chain executives who participate in decision making. Furthermore, it also helps product managers in analyzing the dynamics of consumer behavior. The report has highlighted these as key factors fuelling demand from the global smart and mobile supply chain solutions market.On matters of the regional segmentation of the global market, a lead TMR analyst said, “Whilst North America held the largest share of the smart and mobile supply chain solutions market, accounting for 37.2% in 2013, the market is also anticipated to capitalize on the rising demand from the emerging economies around the world.”
The smart and mobile supply chain solutions market comprises both software and services. The entry of multiple supply chain solution providers in the market has augmented the demand for integration services, which the report identifies as a major factor expected to drive the market over the report’s forecast period. The two major software segments of the market – connected supply chain (SCP) and connected sourcing and procurement, collectively hold 50% of the global smart and mobile supply solutions market. Factors such as increasing e-tendering by governments from around the world, technological advances, and escalating emphasis on cost and carbon emission control drive the demand for the aforementioned software.
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Key end-use segments of the smart and mobile supply chain solutions market include IT and telecommunication, retail, banking, financial services and insurance (BFSI), energy and utility, logistics, manufacturing, government, healthcare, and transportation. Of these, retail and manufacturing held the two largest market shares in 2013, accounting for 18.5% and 18.4% of the market, respectively. Accelerating demand for integrated supply chain solutions from the logistics and retail sectors is expected to boost the smart and mobile supply chain solutions market further during the report’s forecast period. Some of the leading companies profiled in the report are JDA Software Group, Inc., SAP SE, Epicor Software Corporation, Manhattan Associates, Inc., Descartes Systems Group, Inc., GT Nexus Inc., Oracle Corporation, IBM Corporation, Infor Global Solutions, Inc., and Kewill Systems Plc.
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Smart and Mobile Supply Chain Solutions Market, by Component
- Connected TMS
- Connected WMS
- Connected Sourcing and Procurement
- Connected SCP
- Connected MES
- Connected Analytics
Smart and Mobile Supply Chain Solutions Market, by End-use Application
- IT and Telecommunication
- Energy and Utility
- Logistics and Transportation
- Others (Aerospace, Hospitality, etc)
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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Source:Transparency Market Research