Global Artificial Intelligence In Supply Chain Market Overview 2024, Forecast To 2033
8 Mar, 2024
The artificial intelligence in supply chain market expanded from $3.39 billion in 2023 to $5 billion in 2024, with a 47.6% CAGR, driven by demand forecasting and sustainability focus. Forecasts suggest growth to $21.35 billion by 2028, fueled by digital twins and RPA adoption, with trends in machine learning and supply chain resilience.
Global Artificial Intelligence In Supply Chain Market Key Driver
The surge in internet users is driving the growth of artificial intelligence in the supply chain market. Increased internet usage allows businesses to access information quickly, predict demand patterns, and reduce inventory costs using AI. For instance, in July 2023, Statistics Canada reported a rise in internet usage among Canadians, boosting AI adoption in supply chains.
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The artificial intelligence in supply chain market covered in this report is segmented –
1) Offering:Hardware, Software, Services
2) Technology:Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision
3) Application:Fleet Management, Supply Chain Planning, Warehouse Management, Virtual Assistant, Risk Management, Freight Brokerage, Other Applications
4) End-User:Automotive, Aerospace, Manufacturing, Retail, Healthcare, Consumer-Packaged Goods, Food And Beverages
By Geography: The countries covered in the artificial intelligence in supply chain market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the artificial intelligence in supply chain market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in supply chain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Artificial Intelligence In Supply Chain Industry Players
Amazon.com Inc.; Google LLC; Samsung Electronics Co Ltd.; Microsoft Corporation; DHL Group; FedEx Corporation; General Electric Company; Intel Corporation; The International Business Machines Corp; Oracle Corporation; SAP SE; Micron Technology Inc.; NVIDIA Corporation; C.H. Robinson Worldwide Inc.; Havi Logistics AS; Cainiao Smart Logistics Network Limited; Zebra Technologies Corporation; Flexport Inc.; Xilinx Inc.; Echo Global Logistics Inc.; Epicor Software Corporation; Blue Yonder Inc.; Symbotic LLC; E2open LLC.; C3.AI Inc; Relex Solutions Private Limited; DataRobot Inc; Splice Machine Inc.; Covariant Inc; Llamasoft Inc.
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Artificial Intelligence In Supply Chain Market Overview
Artificial intelligence in the supply chain refers to the simulation of human intelligence mechanisms to organize and analyze vast amounts of supply chain information, identify trends, and forecast future issues. It is used for inventory optimization and shortage management.