Global Artificial Intelligence in Supply Chain Market Deep Analysis Forecast 2027

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 Global Artificial Intelligence in Supply Chain Market size was valued at US$ 1.58 Bn. in 2020 and the total revenue is expected to grow at 45.5 % through 2021 to 2027, reaching nearly US$ 21.80 Bn.

Market Overview:

The Artificial Intelligence in Supply Chain Market research evaluates the market's major characteristics using a variety of factors such as supply, demand, feasibility, and current trends. The Artificial Intelligence in Supply Chain Market research also provides forecasts for the years 2022-2027. The Artificial Intelligence in Supply Chain report estimates and forecasts potential growth in the worldwide Artificial Intelligence in Supply Chain market at each point in time, based on statistical data and in-depth research that takes into account both qualitative and quantitative values of significant elements such as historical, current, and future trends. The study also looks at the current Artificial Intelligence in Supply Chain market as well as the global market's prospects. A thorough examination of business execution, market share, and cost analysis data is also included in the study.

Technology known as artificial intelligence (AI) enables systems, software, and computers to compete with human intelligence and behaviour in some domains. A system that analyses data and employs complex algorithms to carry out various tasks is in charge of managing the AI. The supply chain can benefit from the deployment of artificial intelligence in a number of ways, including data extraction, analysis, supply and demand forecasting, and autonomous vehicle management. In order to enhance product shipping, receiving, storing, picking, and management, it may also access warehouse procedures. By maximising warehouse operations and distribution, logistics can be improved. Businesses can utilise AI-based solutions to raise the efficiency and effectiveness of their supply chains.

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In this research, we discuss all market aspects. Positive aspects, constraints, possibilities, and problems are all discussed in depth in the paper, and all data is gathered from press releases and yearly reports. The goal of the study is to propose a patent-based strategy for finding possible technology partners as a tool for encouraging open innovation. The report's market share research and comparison of the leading players allow users to take additional steps in their organization's growth or improvement.

Key Players:

• Intel Corporation
• Amazon.com, Inc.
• Google LLC
• Microsoft Corporation
• Nvidia Corporation
• Oracle Corporation
• IBM Corporation
• Samsung (South Korea)
• Lamasoft Inc.
• SAP
• General Electric
• Deutsche Post AG DHL
• Xilinx
• Micron Technology, Inc.
• FedEx
• ClearMetalInc
• C.H. Robinson
• E2open
• Relex Solution
• Presenso
• Cainiao Network
• Splice Machine
• Logility
• LLamasoft Inc.
• Micron Technology

Market Segmentation:

Machine learning, computer vision, natural language processing, and context-aware computing are subsectors of the artificial intelligence in supply chain business. In 2020, the Machine Learning market sector had the biggest percent market share. Increased government activity, growing demand for AI-based intelligent solutions, and the capacity of AI solutions to manage and analyse massive amounts of data efficiently as well as quickly scan for, process, and respond to abnormalities could all be contributing factors to this increase. In 2020, Computer Vision had the second-largest market share, accounting for percent. The use of computer vision technology in supply chain operations is rising quickly across a range of industrial sectors. An improved understanding of AI's advantages as well as the availability of automation are driving the segment's growth.

Regional Trends:

  • North America (U.S., Canada)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, India, Japan, Singapore, Malaysia, South Korea )
  • Latin America (Brazil, Mexico, Argentina, Chile)
  • Middle East & Africa (South Africa, Egypt, and Saudi Arabia)

COVID-19 Impact on Artificial Intelligence in Supply Chain Market:

Our team is analyzing the influence of COVID 19 on various industry verticals and providing authenticated data to our clients. This information is useful in determining market conditions. To comprehend the impact and factors of COVID 19 on the worldwide Artificial Intelligence in Supply Chain market, consult our expert monitoring, which explains all the influencing elements and COVID impact on each key player.

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