The Digital supply chain market research by Frost & Sullivan analyses the global impact of Industrial IoT (IIoT) on traditional manufacturing supply chains. The research service aims to comprehensively analyze the attractiveness, business benefits, and various technical and economic mega trends that are shifting the view of enterprises toward adopting IoT in their supply chains.
This study provides a holistic view to readers by individually analyzing the impact of each IIoT concept such as robotics, Big Data, predictive analytics, block chain technology , augmented and virtual reality , 3D printing on individual supply chain elements beginning from raw material sourcing to retailing. By assessing the impact of IIoT on differing supply chain structures found in process, discrete and hybrid industries, this report enables the reader to understand the market from multiple business facets.
This research service also captures the evolution of supply chain by analyzing the technology advancements and shift in strategies that have driven the need for a digital supply chain. The study aims to quantify the impact of IIoT in fixing perennial supply chain bottlenecks and uncover innovative revenue streams from reverse supply chains. In addition, this research service analyses the market from a consumer point of view and identifies key selection criteria and needs that an industrial consumer looks for in a digital supply chain solution. Even though the global market is increasingly witnessing a trend of startup acquisitions and corporate collaborations, there is no single provider capable of providing an end-to end IoT solution for all supply chain needs. The trend of shifting focus of IT and OT companies toward offering IIoT products that address holistic supply chain challenges is also expected to be covered in the report by profiling large market players such as Bosch, Siemens, SAP, Cisco and so on. This study aims to analyze the paradigm shift caused by such other business and economic trends. It also aims to ascertain growth figures and identify new industries that will be impacted by digital supply chains in the future.
When utilized to its full potential, IIoT can tremendously improve in-house logistics, supply chain responsiveness, employee engagement, and customer satisfaction. With ground-breaking innovation in sensors and remote connectivity technology aided by simultaneous advancements in software, the extended factory environment is set to witness a massive transformation.
IIoT or Industry 4.0 has set the stage for the next global revolution. It envisions a connected world defined by ubiquitous connectivity, intelligent decision making, and real-time monitoring. An era of convergence is in the making, aimed to help humans attain new levels of efficiency with readily available actionable information. The advantages of digitizing supply chains are many; real time logistics management, Inventory tracking, improved risk mitigation to name a few. Technology is at the core of this revolution, providing users with the flexibility and the tools needed to develop application centric functions unique to each industry, to facilitate real time decision making.
This research service explores and analyses uprising startups experimenting in novel applications as well as new verticals and suggests potential growth strategies and competencies that market players should be focusing on during the forecast period.
Geographically, this research service analyses the competitive market scenario of digital supply chain offerings in major regions classified as North America, Europe, Asia-Pacific, and Rest of the world. The research service also studies the penetration of digital supply chains in developed economies such as North America and Europe. It also carries an in-depth analysis of the role of developed and emerging economies in the digital supply chain market. This study also discusses in detail the major economic and technological drivers and their regional impact over the forecast period.
With the global demand expected to rise during the forecast period, there has never been a better time to digitize your supply chain. More detailed and nuanced insights in our report that will be available in a few weeks from now.
