The Artificial Intelligence In Supply Chain Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Artificial Intelligence In Supply Chain Global Market Report 2024, The artificial intelligence in supply chain market size has grown exponentially in recent years. It will grow from $3.39 billion in 2023 to $5 billion in 2024 at a compound annual growth rate (CAGR) of 47.6%. The growth in the historic period can be attributed to globalization, increasing complexity in supply chain networks, rising customer expectations, growth of e-commerce, demand for real-time information.
The artificial intelligence in supply chain market size is expected to see exponential growth in the next few years. It will grow to $21.35 billion in 2028 at a compound annual growth rate (CAGR) of 43.7%. The growth in the forecast period can be attributed to demand for predictive analytics in supply chain management, increasing focus on sustainability, growth of autonomous vehicles in logistics, rise in demand for real-time inventory visibility. Major trends in the forecast period include increasing use of machine learning for demand forecasting, rise of digital twins in supply chain optimization, growth in ai-powered robotic process automation, emphasis on supply chain resilience, adoption of ai-driven chatbots for customer service in logistics.
The surge in the rate of penetration of internet users is expected to propel the growth of artificial intelligence in the supply chain market going forward. Internet users have accessed the web in the past three months. With more people using the internet, information is collected and made accessible to all supply chain members online, allowing businesses to check inventory status, warehouse activity, and product movement much more quickly and easily. It enables the prediction of future consumer demand patterns while reducing the costs of overstocking unwanted inventory with the help of artificial intelligence (AI). For instance, in July 2023, according to Statistics Canada, a Canada-based government agency for national statistics, internet usage among Canadians aged 15 and older increased from 92% in 2020 to 95% in 2022. Further, Canadians 75 years of age and older experienced the biggest increase, with 72% in 2022. Therefore, the surge in the rate of penetration of internet users is driving the growth of artificial intelligence in the supply chain market.
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The artificial intelligence in supply chain market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision
3) By Application: Fleet Management, Supply Chain Planning, Warehouse Management, Virtual Assistant, Risk Management, Freight Brokerage, Other Applications
4) By End-User: Automotive, Aerospace, Manufacturing, Retail, Healthcare, Consumer-Packaged Goods, Food And Beverages
Technological advancements are a key trend gaining popularity in artificial intelligence in the supply chain market. Major companies operating in the artificial intelligence supply chain market are adopting advanced technologies to sustain their position in the market. For instance, in April 2023, project44, a US-based software development company, launched Movement GPT, the first-ever AI supply chain assistant. Movement GPT can change the supply chain and finally produce an autonomous, self-repairing supply chain by utilizing the abilities of generative AI. With this ground-breaking improvement, visibility into the supply chain now has a highly engaging, natural language interface that makes it simpler than ever for users to obtain crucial data and control their shipments.
The artificial intelligence in supply chain market report table of contents includes:
- Executive Summary
- Artificial Intelligence In Supply Chain Market Characteristics
- Artificial Intelligence In Supply Chain Market Trends And Strategies
- Artificial Intelligence In Supply Chain Market - Macro Economic Scenario
- Global Artificial Intelligence In Supply Chain Market Size and Growth
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- Global Artificial Intelligence In Supply Chain Market Competitive Benchmarking
- Global Artificial Intelligence In Supply Chain Market Competitive Dashboard
- Key Mergers And Acquisitions In Artificial Intelligence In Supply Chain Market
- Artificial Intelligence In Supply Chain Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- com Inc.
- Google LLC
- Samsung Electronics Co Ltd.
- Microsoft Corporation,
- DHL Group
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Artificial intelligence in supply chain market is a rise in demand for greater visibility and transparency in the supply chain and logistics data maintained by the companies and hence this factor will be the driving factor for the growth of the market.
Artificial Intelligence stores high amount of data and information and hence to avoid traditional data monitoring artificial intelligence in supply chain will be the opportunity factor for the market.The lack of workforce and the increasing cost for the same is one of the most important factor for driving the market towards adoption of artificial intelligence in the supply chain market.
The artificial intelligence requires coding which will be restraining factor for the market growth as the skilled workforce which are specialised in coding are required.Artificial intelligence in supply chain market is expected to reach USD 46.22 million by 2027 at a CAGR of 8.1% in the forecast period of 2020 to 2027.
Data Bridge Market Research report on artificial intelligence in supply chain market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.This Artificial Intelligence in Supply Chain Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market.
This Artificial Intelligence in Supply Chain Market report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in Healthcare industry.
Artificial Intelligence in Supply Chain Market stores high amount of data and information and hence to avoid traditional data monitoring artificial intelligence in supply chain will be the opportunity factor for the market.The lack of workforce and the increasing cost for the same is one of the most important factor for driving the market towards adoption of artificial intelligence in the supply chain market.
The artificial intelligence requires coding which will be restraining factor for the market growth as the skilled workforce which are specialised in coding are required.Artificial intelligence in supply chain market is expected to reach USD 46.22 million by 2027 at a CAGR of 8.1% in the forecast period of 2020 to 2027.
Data Bridge Market Research report on artificial intelligence in supply chain market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Click Here to Get Sample Report of Artificial Intelligence in Supply Chain Market @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-artificial-intelligence-in-supply-chain-marketMarket Drivers and Restraints:Based on technology, artificial intelligence in supply chain market has been segmented into machine learning, natural language processing, context-aware computing and computer vision.On the basis of application, artificial intelligence in supply chain market has been segmented fleet management, supply chain planning, risk management, warehouse management, virtual assistant, freight brokerage and others.On the basis of industry, artificial intelligence in supply chain market has been segmented automotive, aerospace, manufacturing, retail, healthcare, consumer-packaged goods and food & beverages.The major players covered in the Artificial Intelligence in Supply Chain MarketThe major players covered in the artificial intelligence in supply chain market report are Amazon, ClearMetal Inc., Deutsche Post AG DHL, FedEx, General Electric, Google LLC, IBM Corporation, Intel Corporation, LLamasoft Inc., Micron Technology, Microsoft Corporation, NVIDIA Corporation, Oracle Corporation, SAP, Samsung, Xilinx, Fraight AI, C.H.
Robinson, E2open, Relex Solution, Presenso, Cainiao Network, Splice Machine, Logility, among other domestic and global players.
Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
Artificial Intelligence in Supply Chain Market, By Component (Software, Network, Hardware, FPGA, GPU, ASIC), by End-Users (Automotive, Retail, Manufacturing), by Technology (Machine Learning, Natural Language Processing) – Global Forecast till 2023Market OverviewThe popularity of e-commerce solutions is estimated to enhance the AI in Supply Chain Market 2020.
The ICT industry reports are produced by Market Research Future, which highlights market options for expansion.
Based on the applications, the AI in Supply Chain Market is segmented into warehouse management, supplier relationship management, supply chain planning, fleet management, logistics & shipping, risk management, among others.
Based on the end-users, the AI in Supply Chain Market is segmented into food & beverage, automotive, retail, manufacturing, aerospace, consumer electronics, and others.
Based on the region, the AI in Supply Chain Market is segmented into Europe, Asia-Pacific, North America, and the rest of the world.Detailed Regional AnalysisThe regional analysis of the market finds that the North American region was the most important AI in Supply Chain Market in 2017, trailed by the regions such as Asia-Pacific and Europe, correspondingly.
The escalating market diffusion of E-commerce sustained by the rising trend of online purchase and creating network infrastructure & digital technology are some of the key factors motivating the market augmentation of the AI in supply chain in the region.Competitive AnalysisThe scope of development of the market shows a high growth potential that the market can achieve in the coming years.
