Global Artificial Intelligence in Supply Chain Market is estimated to reach USD 4.8 Billion in 2024

Source: Artificial Intelligence on Medium

Artificial Intelligence in Supply Chain Market: Summary

The Global Artificial Intelligence in Supply Chain Market is estimated to reach USD 4.8 Billion in 2024 at a CAGR of 41.6%. Growing volumes of data in supply chain and adoption of AI to optimize supply chain is expected to drive the artificial intelligence in supply chain market during the forecast period. However, high initial capital cost is expected to restrain the market during the forecast period. Automate processes with AI is expected to become an opportunity for artificial intelligence in supply chain market.

Artificial intelligence is an imitation of human intelligence in programmed machines. Supply chain is a series of processes involved in the manufacturing and distribution of any commodity. Artificial intelligence mainly used in supply chain manahement for supporting end-to-end visibility, building better reaction time, and improving the efficiency of current system and delivering better outcomes. Some key players in artificial intelligence in supply chain market are NVIDIA Corporation, IBM Corporation, Amazon.com, Inc., Microsoft Corporation, and Intel Corporation among others.

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Artificial Intelligence in Supply Chain Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.

· On the basis of hardware, the market is segmented into hardware, software, and services.

· By technology, the market is segmented into machine learning, natural language processing, and computer vision.

· By application, the market is segmented into operational procurement, supply chain planning, warehouse management, supplier relationship management, demand planning and others.

· By end use industry, the market is segmented into consumer goods, industrial, energy and power, aerospace and others.

· The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, and the Middle East and Africa, with individual country-level analysis.

Artificial Intelligence in Supply Chain Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Artificial Intelligence in Supply Chain Market by Component

Hardware

· Memory

· Network

· Processor

· CPU

· GPU

· TPU

· FPGA

· VPUS

· ASIC

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Software

· Artificial Intelligence Platform

· Deep Learning Software

· Chatbots

· Machine Learning Software

Services

· Deployment and Integration

· On Cloud

· On Premise

· Maintenance and Support

Artificial Intelligence in Supply Chain Market by Technology

· Machine Learning

· Natural Language Processing

· Computer Vision

Artificial Intelligence in Supply Chain Market by Application

· Operational Procurement

· Supply Chain Planning

· Warehouse Management

· Supplier Relationship Management

· Demand Planning

· Others

Artificial Intelligence in Supply Chain Market by End Use Industry

· Consumer Goods

· Industrial

· Energy & Power

· Aerospace

· Others

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By Region

Asia-Pacific

· China

· India

· Japan

· South Korea

· Australia

· Rest of Asia-Pacific

North America

· US

· Canada

· Mexico

Europe

· Germany

· France

· Italy

· UK

· The Netherlands

· Rest of Europe

Middle East and Africa

· Saudi Arabia

· UAE

· Rest of Middle East & Africa

South America

· Brazil

· Argentina

· Rest of South America

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Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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