Artificial Intelligence in Supply Chain Market: Current Analysis and Forecast (2022-2028)

Global Artificial Intelligence in Supply Chain Market is expected to grow at a significant rate of around 46% during the forecast period. AI in supply chains is helping to deliver the powerful optimization capabilities required for more accurate capacity planning, improved productivity, high quality, lower costs, and greater output, all while fostering safer working conditions. The growing adoption of artificial intelligence in the supply chain can be attributed to the growing adoption of AI. For instance, as per the press research, AI investments reached USD 881 mn in the year 2020, globally. Furthermore, AI has been applied in a variety of end-use applications that allow businesses to function without the need for human supervision. AI-enabled machinery and equipment can work successfully by acquiring human abilities.

IBM Corporation, Microsoft Corporation, Google LLC, Amazon.com Inc., Intel Corporation, Nvidia Corporation, Oracle Corporation, Samsung, LLamasoft Inc., and SAP SE, are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst application, the supply chain planning category to witness higher CAGR during the forecast period"

Based on application, the market is segmented into fleet management, supply chain planning, warehouse management, virtual assistant, and others. The supply chain planning segment is expected to achieve a significant CAGR during the forecast. The growing adoption of data-based decision-making and the increasing number of operations in a company requires proper management, scheduling, and planning to manage the operations. AI helps in the decision-making and optimization of the resources within the industry.

"Amongst end-users, the automotive segment is expected to hold a significant share in the market in 2020"

Based on end-users, the market is segmented into automotive, retail, consumer-packaged goods, food and beverages, and others. The automotive segment is expected to grow significantly during the forecast period. The growing size of the automotive industry and the introduction of electric vehicles is expected to drive the market. Furthermore, the growing prominence of electric vehicles and big data in the automobile industry is expected to Proliferate the artificial intelligence in the supply chain market

"North America to hold a significant share in the market"

The North American region is expected to dominate the artificial intelligence supply chain market. The growing adoption of artificial intelligence in the supply chain can be attributed to growing government initiatives toward the promotion and deployment of AI solutions. Furthermore, the growth of the e-commerce sector in countries including the U.S.A and Canada, growing investments in AI technology for productivity enhancement, the need for enhancing supply chain management, and a surge in the volume of real-time inventory data are contributing to the growth of the AI technologies market in supply chain industry in this region.  

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Deep dive regional level Analytics of the industry.

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