Artificial Intelligence (AI) in Supply Chain Market Worth $21.8 billion by 2027 at a CAGR of 45.3%| Impact of COVID-19 on this Market

According to this latest publication from Meticulous Research, the global artificial intelligence in the supply chain market is expected to grow at a CAGR of 45.3% from 2019 to reach $21.8 billion by 2027. Substantial growth in the global artificial intelligence in supply chain market is mainly attributing to the rising awareness of advanced technologies such as artificial intelligence and big data & analytics; consistent technological advancements in supply chain industry; and implementation of computer vision technology in both autonomous & semi-autonomous applications.

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.
Browse key industry insights spread across 180 pages with 167 market data tables & 29 figures & charts from the market research report:

Scope of the Report:

AI in Supply Chain Market, by Component

  • Hardware
    • Processors
    • Networking
    • Memory
  • Software
    • AI Platforms
    • AI Solutions
  • Services
    • 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

  • Manufacturing
  • Food and Beverages
  • Healthcare
  • Automotive
  • Aerospace
  • Retail
  • Consumer-Packaged Goods

AI in Supply Chain Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • Japan
    • China
    • India
    • Rest of APAC (RoAPAC)
  • Latin America
  • Middle East & Africa

Have Any Query? Ask Our Expert

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?

Top 10 companies in global artificial intelligence in supply chain market:

Key Players:
The major players operating in global artificial intelligence in supply chain market are Intel Corporation (U.S.),, 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.

Asia Pacific: The Fastest Growing Market

The Asia-Pacific region is experiencing notable growth across all fronts including consumer electronics, internet infrastructure, economic growth, and spending capabilities. Government initiatives towards promotion and deployment of AI solutions, the growth of e-commerce sector in countries including China and India, growing investments in AI technology for productivity enhancement, the need for enhancing supply chain management, and surge in the volume of real-time inventory data are contributing to the growing of the AI technologies market in supply chain industry in this region.

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2.Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), End-use Industry (Semiconductors and Electronics, Energy and power, Pharmaceuticals, Chemical, Medical Devices, Automobile, Heavy Metal and Machine Manufacturing, Food and Beverages, Others), Technology (Machine Learning, NLP, Context-Aware Computing, and Computer Vision), Application (Predictive Maintenance, Material Movement, Production Planning, Field Services, Quality Management, Cybersecurity, Industrial Robotics, and Reclamation), and Region – Global Forecast to 2025

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