According to the new research report "Artificial Intelligence in Supply Chain Market by Offering, Technology, Application
(Fleet Management, Supply Chain Planning, Warehouse Management, Virtual
Assistant, Freight Brokerage), End-User Industry, and Geography - Global
Forecast to 2025", The
artificial intelligence in supply chain market is expected to grow from USD
730.6 million in 2018 to USD 10,110.2 million by 2025, at a CAGR of 45.55%
between 2018 and 2025. Major drivers for the market are the growth of big data,
demand for greater visibility and transparency into supply chain data and
processes, and adoption of AI for improving consumer services and their
satisfaction. The major restraint for the market is the limited number of the
artificial intelligent technology experts.
Software market for artificial intelligence in
supply chain expected to grow at the highest CAGR during forecast period
The software market is expected to grow at the
highest CAGR for artificial intelligence in supply chain by 2025. The adoption
of AI-based software solutions is increasing as it has beginning to apply
machine learning capabilities that can automatically detect errors and make
course corrections while processing real-time data streams.
Retail end-user industry is expected to hold
the largest market during the forecast period
Of all the end-use industries, the retail
industry expected to hold the largest market share in the AI in supply chain,
as retail enterprises are focusing on the Omni Channel retail operation to
compete successfully in today’s retail environment driven by consumer behaviors
such as search anywhere, shop anywhere, and deliver anywhere.
North America expected to hold the largest
market share; APAC to witness the highest growth rate
North America is expected to hold the largest
share and dominate the artificial intelligence in supply chain market between
2018 and 2025. North America, being technologically advanced, is a leader in
the market. North America is the early adopter of the latest technology;
moreover, awareness on the benefits of artificial intelligence is high in the
region. In addition, the presence of prominent AI technology providers,
such as IBM (US), Google (US), Microsoft (US), NVIDIA (US), Intel (US),
MetaMind (US), Tute Genomics (US), and Amazon (US), is complementing the growth
of the market in this region.
The artificial intelligence in supply chain
market in Asia Pacific (APAC) is expected to grow at the highest CAGR during
the forecast period. The increasing adoption of deep learning and NLP
technologies for various major applications is driving the market in APAC.
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