Meticulous Research® – leading global market research company published a research report titled “Artificial Intelligence in Supply Chain Market by Component (Platforms, Solutions) Technology (Machine Learning, Computer Vision, Natural Language Processing), Application (Warehouse, Fleet, Inventory Management), & by End User – Global Forecast to 2027”.
The global artificial intelligence in supply chain market is expected to grow at a CAGR of 39.4% from 2019 to reach $21.8 billion by 2027; wherein, Asia-Pacific region is expected to register fastest CAGR throughout the forecast period.
In modern digital society, digital co-creation and artificial intelligence in supply chain are becoming a dynamic business norm. The adoption of artificial intelligence in supply chain is routing a new era or technological transformation, allowing the companies to track their operations, augment business strategies, enhance supply chain management productivity, and engage with customers in the digital world. The growth of the global AI in supply chain market is primarily driven by perpetually growing internet users & smart devices across the globe, increasing awareness about artificial intelligence & big data & analytics, government initiatives towards digitization, and adoption of computer vision technology across several vertical industries. However, the high procurement operating cost and lack of infrastructure pose the biggest hindrance to the market growth.
Incessantly growing number of IoT devices, rapidly increasing usage of internet, growing adoption of cloud services and AI-based business automation solutions are contributing to the growth of the market. Furthermore, technological transformation of the supply chain industry to enhance business visibility, risk management, inventory & warehouse management, supply chain planning, and automated quality inspections are also accelerating the demand for artificial intelligence. However, high procurement and operating costs coupled with the lack of internet infrastructure in some developing and underdeveloped countries is expected to hinder the market growth to a certain extent.
Scope of the Report:
AI in Supply Chain Market by Component
- AI Platforms
- AI Solutions
- Deployment & Integration
- Support & Maintenance
AI in Supply Chain Market by Technology
- Machine Learning
- Computer Vision
- Natural Language Processing
- Context-Aware Computing
AI in Supply Chain Market by Application
- Supply Chain Planning
- Warehouse Management
- Fleet Management
- Virtual Assistant
- Risk Management
- Inventory Management
- Planning & Logistics
AI in Supply Chain Market by End-User
- Food and Beverages
- Consumer-Packaged Goods
AI in Supply Chain Market by Geography:
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
The major players operating in global artificial intelligence in supply chain market are Intel Corporation (U.S.), Amazon.com, Inc. (U.S.), Google LLC (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), Oracle Corporation (U.S.), IBM Corporation (U.S.), Samsung (South Korea), LLamasoft Inc. (U.S.), SAP (Germany), General Electric (U.S.), Deutsche Post AG DHL (Germany), Xilinx (U.S.), Micron Technology, Inc. (U.S.), FedEx (U.S.), and ClearMetal, Inc. (U.S.), among others.
Key questions answered in the report-
- Which are the high growth market segments in terms of technology, application, end-use industry?
- What was the historical market for artificial intelligence in supply chain across the globe?
- What are the market forecasts and estimates for the period 2019-2027?
- What are the major drivers, restraints, opportunities, and challenges in the global artificial intelligence in the supply chain market?
- Who are the major players in the global artificial intelligence in supply chain market?
- How is the competitive landscape in the global artificial intelligence in supply chain market?
- What are the different strategies adopted by the major players in the global artificial intelligence in supply chain market?
Download Full Report with Facts and Figures of Artificial Intelligence (AI) in Supply Chain Market Report at https://www.meticulousresearch.com/download-sample-report/cp_id=5064
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This post was originally published on Journalism Trends