Future Artificial Intelligence in Supply Chain Market: Key Dynamics, Size & Share Analysis
The Global Artificial Intelligence in the Supply Chain market is anticipated to grow at a CAGR of around 37.89% during the forecast period, 2022-27. The factors responsible for the market growth are the increasing adoption of AI-based services in warehouse automation for improving accuracy & security, the rising count of AI-based technology start-ups, and the dire need for automating supply chain routes, among others. Additionally, the vast pool of data collected by the operational tasks in the warehouses has augmented the use of AI-driven tools which would help the facility owners to improve inventory management efficiency, thereby enhancing productivity.
Top Market Trends Impacting the Artificial Intelligence in Supply Chain Market Growth
Increasing Demand for Intelligent Business Processes & Automation to Escalate the Market Growth – Due to the rising need for a variety of warehouse automation operations, businesses, including IBM & Amazon Web Services (AWS), among others, have created a supply chain intelligence suite with an integrated suite that offers AI-based supply chain optimization & automation solutions. These solutions improve supply chain processes, increase agility, and optimize warehouse operations. Furthermore, an intelligent automation system is made to encourage cooperation by fusing disparate data sets to help you produce actionable insights, smarter workflows, and intelligent automation, which leads to quicker problem-solving & more effective supply chain operations. Therefore, the growing technological advancement globally would propel the demand for AI in the supply chain in the coming years.
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Understanding the Core Segments in the Artificial Intelligence in Supply Chain Market
Artificial Intelligence in Supply Chain Market Size, Share & Industry Trends Analysis- By Application (Fleet Management, Supply Chain Planning, Warehouse Management, Virtual Assistant, Machine Utilization, Others (Risk Management, Freight Brokerage, etc.)), By Technology (Machine Learning (Supervised Learning, Unsupervised Learning, Reinforcement), Natural Language Processing (NLP), Context-Aware Computing, Deep Learning, Computer Vision), By End User (Automotive, Aerospace, Retail, Food & Beverages, Others (Healthcare, Energy, etc.)), By Product Offering (Hardware (Processor, Networking, Memory), Software (AI Solutions, AI Platform), Services (Deployment & Integration, Support & Maintenance)), By Deployment Type (On-premise, Cloud).
Geographical Analysis of the Artificial Intelligence in Supply Chain Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific.
Who Dominates the Artificial Intelligence in Supply Chain Market Insights on Key Industry Players?
Companies are strengthening their presence in the Artificial Intelligence in Supply Chain market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- SAP SE
- SAS
- Amazon Web Services (AWS)
- Verizon Communications Inc.
- AT&T Inc.
- Cisco Systems
- Dell
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