Artificial intelligence in the supply chain Market size worth $ 14.3 billion, worldwide, by 2028 at 20.17% CAGR: Verified Market Research®
JERSEY CITY, NJ, January 10, 2022 / PRNewswire / – Verified Market Research recently published a report, “Artificial intelligence in the supply chain market“By application (fleet management, supply chain planning, warehouse management, virtual assistant and others), by end user (automotive, retail, consumer goods, food and beverage, and others) and by geography. According to Verified Market Research, the global Artificial Intelligence in Supply Chain market size has been estimated to be $ 4.8 billion in 2020 and should reach $ 14.3 billion by 2028, with a CAGR of 20.17% from 2021 to 2028.
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202 – Pages
126 – Tables
37 – Figures
Overview of the Global Artificial Intelligence in Supply Chain Market
Artificial intelligence is developing at a rapid pace when it refers to global logistics and supply chain management. According to executives in the transportation industry, the estates are undergoing a major transformation. As evolution occurs in technologies such as artificial intelligence, machine learning and new technologies, they are said to have the potential to cause disruption and drive innovation within of these industries. Artificial intelligence has been equipped with computer techniques that support the selection of large amounts of logistics and supply chain data
AI has been used in several end-use applications where businesses can operate without human oversight. AI-enabled machines and equipment can operate efficiently by acquiring human capabilities. Supply chains in the manufacturing sector are rapidly adapting AI technologies as part of their digitization strategies. AI in supply chains helps organize and analyze data, which helps solve decision-making problems, ranging from logistics to warehousing. Such AI-based applications in the manufacturing industry are expected to improve efficiency and help save time. The use of computerized reasoning in supply chain management has shown more subtleties with Amazon’s common sense models and Amer Sports.
Amazon uses computerized reasoning procedures for shopping on the web and has automated its warehouse. As smart warehouses are more advanced in daily routine operations. Amazon has used artificial intelligence to better satisfy its customers. Amer Sports successfully uses machine learning to improve management and predictability of its supply chain. The automation process has taken a big step forward thanks to AI technologies.
The main players in the market are IBM Corporation (US), Microsoft Corporation (US), Google LLC (US), Amazon.com, Inc. (US), Intel Corporation (US), Nvidia Corporation (US), Oracle Corporation (United States -United), Samsung (South Korea), LLamasoft, Inc. (United States), SAP SE (Germany), General Electric (United States), Deutsche Post DHL Group (Germany), Xilinx, Inc. (United States).
Verified market research segmented the global artificial intelligence in supply chain market on the basis of application, end user, and geography.
- Artificial Intelligence In Supply Chain Market, By Application
- Fleet management
- Supply chain planning
- Warehouse management
- Virtual assistant
- Artificial intelligence in the supply chain market, by end user
- Consumer packaged goods
- Food and drinks
- Artificial intelligence in the supply chain market by geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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