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Growth Opportunities in the Internet of Things–enabled Supply Chain Management Market, Forecast to 2024

Growth Opportunities in the Internet of Things–enabled Supply Chain Management Market, Forecast to 2024

End-to-end Visibility, Predictive Analysis, and Real-time Insights will Drive Adoption of IoT

RELEASE DATE
13-Jun-2019
REGION
Global
Research Code: ME6C-01-00-00-00
SKU: TE03883-GL-MT_23254
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Description

Supply chain in any organization is literally its backbone. Cutting across a range of functions, it traverses across the life cycle of a product. Even a slight impediment can affect the entire value chain, run schedules off track, and significantly hamper productivity and efficiency. As companies struggle with visibility and transparency in the traditional supply chain, corrective actions are usually reactive. Data received after an incident are unable to prevent any damages.

Digital supply chain has emerged as an alternative to the traditional methods. As technology enhances organizational performance, we believe that the impact of cutting-edge Internet of Things (IoT)-enabled solutions is especially significant. The comprehensive IoT ecosystem comprising of hardware, middleware, connectivity, software, and advanced technologies has pioneered the launch of some extremely innovative SCM solutions. The benefits of access to data-driven and predictive insights impact all stakeholders’ performance and efficiency.

Supply chain industry is primarily segmented into asset tracking and management, fleet management, inventory management, warehouse management, and connected factories. The smooth movement of goods from raw materials right up to customers requires a range of functions, departments, and providers to work in tandem and efficiently. Supply chain solutions are relevant across industries. Some of the interesting case studies that are included in the research are from verticals such as mining, retail, and food and pharmaceutical. Each vertical has a specific set of challenges, and solution providers must work closely with their customers to understand their needs and provide a suitable solution.

Use of advanced technologies such as artificial intelligence (AI), machine learning (ML), Big Data Analytics (BDA) and emerging technologies such as blockchains and robotics are able to meet customer expectations. The technology-enabled solutions introduce automation and insights that are expected to greatly enhance the supply chain industry performance. As different stakeholders have access to almost real-time data, timely corrective actions are initiated. This reduces disruptions, losses, and damages to a great extent.

Some of the challenges faced by companies that are planning to implement IoT to manage SCM include optimizing and merging existing and new data, siloes in the current systems, presence of multiple stakeholders across the value chain, and data security and privacy risks. However, the interest is high and many pilots and initial implementation of technologies are underway. As companies identify benefits, a multitude of growth opportunities for providers are emerging, ranging from hardware and software to emerging technology solutions such as robotics and blockchain.

Research Scope

This analysis will cover some of the solution providers, their innovative solutions, and the impact of these solutions on the industry. Based on the existing trends and the developments in technology, we have identified some growth opportunities that are expected to significantly impact the industry in the near future.

This research broadly covers the following: 

  • Existing challenges in supply chain 
  • Technology-enabled ecosystem 
  • Impact of advanced technologies and specifically of IoT on SCM 
  • IoT-enabled services and different solution providers 
  • Growth opportunities across the industry 
  • Market and technology trends 

Key Issues Addressed 

  • What are the challenges faced by supply chain industry? 
  • What are the different technologies impacting the supply chain industry? 
  • What are the drivers and restraints in implementing IoT in SCM? 
  • What are the top growth opportunities for providers of IoT-enabled SCM solutions? 
  • What are some of the innovations and companies making news?

Author: Deepali Sathe

Table of Contents

Purpose of This Experiential Study

5 Step Process to Transformational Growth

Strategic Imperatives for Providers

Growth Opportunities for Suppliers

Growth Opportunities for Suppliers (continued)

Market Definitions

Research Focus—IoT in SCM

Digitalization of SCM

SCM—Components Contributing to Decisions

Digital SCM—Impact Areas in an Organization

Digital SCM—Benefits and Challenges Post-implementation

Digital SCM—Current Trends

Digital SCM—Technology Trends

Digital SCM—Technology Trends (continued)

IoT-enabled SCM Market—Enabling Ecosystem

IoT in Supply Chain—Vendors

IoT-enabled SCM Market—Hardware

IoT-enabled SCM Market—Hardware (continued)

IoT-enabled SCM Market—Networks

IoT-enabled SCM Market—Networks (continued)

IoT-enabled SCM Market—Advanced Technologies

IoT-enabled SCM Market—Advanced Technologies (continued)

IoT-enabled SCM Market—Dashboards

IoT-enabled SCM Market—Dashboards (continued)

IoT-enabled SCM Market—Emerging Technologies

IoT-enabled SCM Market—Emerging Technologies (continued)

IoT-enabled SCM Market—Implications Across Multiple Functions

IoT-enabled SCM Market—Drivers and Restraints Overview

IoT-enabled SCM Market—Drivers Discussion

IoT-enabled SCM Market—Drivers Discussion (continued)

IoT-enabled SCM Market—Restraints Discussion

IoT-enabled SCM Market—Restraints Discussion (continued)

IoT-enabled SCM Market—Features and Pricing Trends

IoT and SCM—Forecasts

IoT and SCM—Market Segments

IoT and SCM—Asset Tracking and Management

IoT and SCM—Asset Tracking and Management Use Cases

IoT and SCM—Fleet Management

IoT and SCM—Fleet Management Use Cases

IoT and SCM—Warehouse Management

IoT and SCM—Warehouse Management Use Cases

IoT and SCM—Inventory Management

IoT and SCM—Inventory Management Use Cases

IoT and SCM—Connected Factory

IoT and SCM—Connected Factory Use Cases

IoT-enabled SCM Market—Innovations in Retail Reflect Possibilities

IoT-enabled SCM Market—Application Reflects Impact on Efficiency and Accuracy

Macro to Micro Visioning

Trends/Factors Impacting IoT-enabled SCM

Trends/Factors Impacting IoT-enabled SCM (continued)

Trends/Factors Impacting IoT-enabled SCM (continued)

Trends/Factors Impacting IoT-enabled SCM (continued)

Trends/Factors Impacting IoT-enabled SCM (continued)

Top Predictions for the IoT-enabled SCM Market

Levers for Growth

Growth Opportunity 1—IoT-enabled Robots/Cobots

Growth Opportunity 2—Blockchain

Growth Opportunity 3—Predictive Analytics

Growth Opportunity 4—Edge and Fog Computing

Growth Opportunity 5—Last-mile Shipping

Growth Opportunity 6—IoT-as-a-service for SCM

Growth Opportunity 1—Integrating Software

Growth Opportunity 2—Cybersecurity

Growth Opportunity 3—Hardware

Growth Opportunity 4—Virtual Assistants

Key Takeaways

Identifying Your Company’s Growth Zone

Growth Opportunities 1—6:Vision and Strategy

Growth Opportunities 6—10:Brand and Demand

Growth Opportunities Matrix

Growth Strategies for Your Company

Prioritized Opportunities Through Implementation

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

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Supply chain in any organization is literally its backbone. Cutting across a range of functions, it traverses across the life cycle of a product. Even a slight impediment can affect the entire value chain, run schedules off track, and significantly hamper productivity and efficiency. As companies struggle with visibility and transparency in the traditional supply chain, corrective actions are usually reactive. Data received after an incident are unable to prevent any damages. Digital supply chain has emerged as an alternative to the traditional methods. As technology enhances organizational performance, we believe that the impact of cutting-edge Internet of Things (IoT)-enabled solutions is especially significant. The comprehensive IoT ecosystem comprising of hardware, middleware, connectivity, software, and advanced technologies has pioneered the launch of some extremely innovative SCM solutions. The benefits of access to data-driven and predictive insights impact all stakeholders’ performance and efficiency. Supply chain industry is primarily segmented into asset tracking and management, fleet management, inventory management, warehouse management, and connected factories. The smooth movement of goods from raw materials right up to customers requires a range of functions, departments, and providers to work in tandem and efficiently. Supply chain solutions are relevant across industries. Some of the interesting case studies that are included in the research are from verticals such as mining, retail, and food and pharmaceutical. Each vertical has a specific set of challenges, and solution providers must work closely with their customers to understand their needs and provide a suitable solution. Use of advanced technologies such as artificial intelligence (AI), machine learning (ML), Big Data Analytics (BDA) and emerging technologies such as blockchains and robotics are able to meet customer expectations. The technology-enabled solutions introduce automation and insights that are expected to greatly enhance the supply chain industry performance. As different stakeholders have access to almost real-time data, timely corrective actions are initiated. This reduces disruptions, losses, and damages to a great extent. Some of the challenges faced by companies that are planning to implement IoT to manage SCM include optimizing and merging existing and new data, siloes in the current systems, presence of multiple stakeholders across the value chain, and data security and privacy risks. However, the interest is high and many pilots and initial implementation of technologies are underway. As companies identify benefits, a multitude of growth opportunities for providers are emerging, ranging from hardware and software to emerging technology solutions such as robotics and blockchain.--BEGIN PROMO--

Research Scope

This analysis will cover some of the solution providers, their innovative solutions, and the impact of these solutions on the industry. Based on the existing trends and the developments in technology, we have identified some growth opportunities that are expected to significantly impact the industry in the near future.

This research broadly covers the following: 

  • Existing challenges in supply chain 
  • Technology-enabled ecosystem 
  • Impact of advanced technologies and specifically of IoT on SCM 
  • IoT-enabled services and different solution providers 
  • Growth opportunities across the industry 
  • Market and technology trends 

Key Issues Addressed 

  • What are the challenges faced by supply chain industry? 
  • What are the different technologies impacting the supply chain industry? 
  • What are the drivers and restraints in implementing IoT in SCM? 
  • What are the top growth opportunities for providers of IoT-enabled
More Information
No Index No
Podcast No
Author Deepali Sathe
Industries Telecom
WIP Number ME6C-01-00-00-00
Is Prebook No
GPS Codes 9705-C1,9AA5-C1,9B07-C1