The artificial
intelligence in supply chain market is expected to reach USD 10,110.2
million by 2025 from USD 730.6 million in 2018, at a CAGR of 45.55% during the
forecast period. Growth in this market is mainly driven by factors such as
growing big data, demand for greater visibility and transparency into supply
chain data and processes, and adoption of AI for improving consumer services
and satisfaction. The major restraint for the market is the limited number of
the artificial intelligence technology experts.
In
this report, the size of the artificial intelligence in supply chain market has
been arrived at based on segments such as offerings, technology, application,
end-user industry, and region. The market, by offering, is segmented into
hardware, software, and services. The software segment is growing at a
significant rate. The adoption of AI is increasing rapidly for various
applications. Continuous developments have been witnessed in AI and related
software development kits. Also, AI software is capable of behaving
intelligently. Creating intelligent software involves simulating a number of
capabilities, which include reasoning, learning, problem-solving, perception,
and knowledge representation.
Depending
on the technology, artificial intelligence in supply chain can
be segmented into machine learning (ML), natural language processing (NLP), and
context-aware computing, and computer vision. The market for computer vision is
expected to grow at a higher rate. The growing adoption of computer vision for
autonomous or semiautonomous applications in various industries, such as
manufacturing and automotive, is propelling the growth of this technology in
the artificial intelligence in supply chain market.
Moreover,
the market has been segmented, on the basis of end-user industry, into
automotive, aerospace, manufacturing, retail, healthcare, consumer-packaged
goods, food & beverages, and others. Among all end-user industries, the
market for consumer-packaged goods is expected to grow at the highest CAGR
during the forecast period. The adoption of AI in consumer goods is increasing
as it has ability to collect data, interact with customers, capture images, and
more many of these changes are creating a permanent impact on customers’
expectations.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114588383
However,
the limited number of industry experts for artificial intelligence in supply
chain is a major restraint for the market. Key players in this market focus on
organic strategies, such as product launches, to expand their business and
related offerings. Some of the players are Intel (US), NVIDIA (US),
Xilinx (US), Samsung Electronics (South Korea), Micron Technology (US), IBM
(US), Microsoft (US), and Amazon (US).
About
MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Our
850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high
growth markets following the “Growth Engagement Model – GEM”. The GEM aims at
proactive collaboration with the clients to identify new opportunities,
identify most important customers, write “Attack, avoid and defend” strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform,
“Knowledgestore” connects over 200,000 markets and entire value chains for
deeper understanding of the unmet insights along with market sizing and
forecasts of niche markets.
Contact:
Mr.
Sanjay Gupta
MarketsandMarkets™
INC.
630
Dundee Road
Suite
430
Northbrook,
IL 60062
USA:
1-888-600-6441
newsletter@marketsandmarkets.com
No comments:
Post a Comment