Global Artificial Intelligence in Supply Chain Market
Artificial intelligence in supply chain is the integration of artificial intelligence technology in supply chain/logistics operations helping optimize the process and ensuring that the components designed for supply chain work in a smarter mode. Although, currently AI in supply chain has been accepted on a very low-scale but with increasing awareness regarding the significant benefits of this technology, the market will experience a number of revenue generating opportunities in the forecasted period.
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The main factors boosting the market are:
The market is segmented on the basis of offering as hardware, software, services; technology as machine learning, NLP, context-aware computing, computer vision; application as fleet management, supply chain planning, warehouse management, virtual assistant, risk management, freight brokerage, others; industry as automotive, aerospace, manufacturing, retail, healthcare, consumer-packaged goods, food & beverages, others.
Some of the recent market developments are as follows:
“According to Data Bridge Market Research, global artificial intelligence in supply chain market is expected to reach USD 10,787.2 million by 2025, growing at a substantial CAGR during the forecast period of 2018 to 2025”
Some of the major players operating in the market are NVIDIA, IBM, Intel, Xilinx, Samsung Electronics, Micron Technology, Microsoft, Amazon, SAP, Oracle, Logility, LLamasoft, Inc., ClearMetal, Splice Machine, Cainiao Network (Alibaba), FedEx, Deutsche Post AG DHL Fraight AI, C.H.Robinson, E2open, Relex Solution, Teknowlogi, Presenso and many more.
Adoption of cloud-based computing from a number of industries has paved the way for emergence of artificial intelligence technology in these industry verticals. Cloud computing is being focused as the most widely-accepted mode of delivery for artificial intelligence technology as the combination of both these services results in consistent and efficient operations of various business models.
Global Artificial Intelligence in Supply Chain Market – Industry Trends and Forecast to 2027