Dynamic 37.89% CAGR Charts Artificial Intelligence in Supply Chain Market’s Future in 2022-27

Market Overview: Artificial Intelligence in Supply Chain Market

MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Artificial Intelligence in Supply Chain Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Artificial Intelligence in Supply Chain Market Insights 2022-27

The Artificial Intelligence in Supply Chain Market is estimated to grow at a CAGR of around 37.89% during the forecast period 2022-27.

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Driving Innovation: Exploring the Artificial Intelligence in Supply Chain Market and its Key Drivers

Key Drivers: Increasing Demand for Warehouse Automation Solution

The increasing demand for warehouse automation for various applications such as robotics, computer vision, and language processing tools to streamline warehouse operations led to the increased demand for Artificial Intelligence (AI) in recent years. In addition, there are several benefits of using AI in warehouse automation such as to improve productivity, increase accuracy, and enhancement of security, which would result in increased demand for AI in warehouse operations in the coming years.

Furthermore, using AI solutions result in a reduction of errors in warehouse operations. AI robots can wisely understand the warehouse environment, thus improving the accuracy of placing items & recovering them when required. In addition, warehouses utilize various technologies such as IoT, computer vision, and AI that helps to improve the accuracy during warehouse operations. Hence, the rising demand for warehouse automation solutions resulted in escalating the demand for AI-based services in the supply chain.

Top Players in the Artificial Intelligence in Supply Chain Market:

Nvidia Corporation, Google LLC, SAP SE, SAS, Amazon Web Services (AWS), Verizon Communications Inc, AT&T Inc, Cisco Systems, Dell, Qlik, Others

Recent Developments by the Leading Companies

• In 2022, FedEx & Microsoft Corporation extended their partnership to offer ‘logistics as a service,’ to help businesses better fulfill, ship, and serve customer orders. In addition, the company started producing logistics solutions using data & AI in order to make deliveries more efficient.

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Segmentation Analysis of Artificial Intelligence in Supply Chain Market

Artificial Intelligence in Supply Chain Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

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.)

• Of them all, the rising investments in the Retail sector have emerged as the major demand generator for AI solutions in the supply chain.

By Product Offering

-Hardware

–Processor

—Graphics Processing Unit (GPU)

—Vision Processing Unit (VPU)

—Field-Programmable Gate Array (FPGA)

—Application-Specific Integrated Circuit (ASIC)

—Others (Tensor Processing Unit (TPU), Microprocessor (MPU)

–Networking

–Memory

-Software

–AI Solutions

–AI Platform

—Application Program Interface (API)

—Machine Learning Framework

-Services

–Deployment & Integration

–Support & Maintenance

By Deployment

-On-Premise

-Cloud

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A Comprehensive Geographical Analysis:

By Region

-North America

-South America

-Europe

-Middle East and Africa

-Asia-Pacific

• Of all the regions globally, North America witnessed a significant growth rate in the Global Artificial Intelligence in the Supply Chain market during the historical period.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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