ALBANY, N.Y.--(BUSINESS WIRE)--The traditional supply chain is witnessing a paradigm shift and this has paved the way for smart and mobile supply chain solutions. In a recent report, Transparency Market Research forecasts that global smart and mobile supply chain solutions will be US$ 16,540.5 million market by 2020. The report, “Smart and Mobile Supply Chain Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, states that the market will register 13.2% CAGR through the forecast period.
The competitive landscape of the smart and mobile supply chain solutions market is witnessing a new trend with the entry of numerous ERP solution vendors with specialized suites of smart and mobile supply chain solutions. The report also notes that users are increasingly looking for intelligent, instrumented and interconnected information about every stage of the supply chain, which has furthered the smart and mobile supply chain solutions market.
The TMR report observes that over the past few years, there has been an incremental rise in the demand for dynamic mobile supply chain solutions from emerging markets. The North America smart and mobile supply chain solutions market was the leader in 2013, with a sizable 37.2% share in global revenues. Europe occupied the second position and was trailed by Asia Pacific.
TMR analysts forecast that the rise of the connected SCP software segments and connected sourcing and procurement segments is inevitable thanks to governments resorting to e-tendering, coupled with a strong emphasis on carbon emission control.
By end-use applications, the retail (18.5%) and manufacturing (18.4%) segments were the single largest contributors to this market in 2013. By 2020, however, the logistics sector will drive a significant share of demand.
- Smart/Intelligent Sensors Market: http://www.transparencymarketresearch.com/smart-intelligent-sensor-market.html
- Home Audio Equipment Market: http://www.transparencymarketresearch.com/home-audio-equipments-market.html
About Transparency Market Research
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.