๐€๐ˆ ๐ˆ๐ง ๐’๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐‚๐ก๐š๐ข๐ง: Building Towards an AI-Enabled Supply Chain

The global artificial intelligence in supply chain market is expected to grow at a CAGR of 45.3% from 2019 to reach $21.8 billion by 2027; wherein, Asia-Pacific region is expected to register fastest CAGR throughout the forecast period. In modern digital society, digital co-creation and artificial intelligence in supply chain are becoming a dynamic business norm. The adoption of artificial intelligence in supply chain is routing a new era or technological transformation, allowing the companies to track their operations, augment business strategies, enhance supply chain management productivity, and engage with customers in the digital world. 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.

Promising Government Initiatives & Policies in Developing Nations Fuels the Growth of the Global Artificial Intelligence in Supply Chain Market

At present, an ever-growing set of government regulations is impacting almost every stakeholder in the supply chain industry including public companies as well as individual suppliers. However, in developing nations, there are a variety of limitations that affect the adoption of efficient supply chain information solutions. Therefore, the governments are taking several initiatives and are making significant investments towards creating awareness for and incorporation of advanced technologies in business operations. Such investments enable business organizations to achieve designated digital transformation objectives while serving their customers efficiently. For instance, in 2018, the Government of Quรฉbec invested $60 million in order to support AI-Powered Supply Chains Supercluster (SCALE.AI). Similar investments were also made by the Government of Canada investing up to nearly $230 million for the AI-Powered Supply Chains Supercluster in 2018. Such initiatives are bringing the manufacturing, retail, and information & communications technology sectors on the same platform to create intelligent solutions for supply chain management through incorporation of robotics and artificial intelligence. Thus, government initiatives towards adoption of technologies & policies promoting digitization, especially in developing nations, is one of the key factors fueling the growth of the global AI in supply chain market in the coming years.

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Key Findings in the Global AI in Supply Chain Market Study:

Computer vision ready to create an impact on the global artificial intelligence in supply chain market with a high growth rate

The adoption of computer vision technologies is increasing rapidly in the supply chain processes of different industry verticals. This segment is poised to register the fastest growth during the forecast period. Many of the end-use industries across the globe have started to adopt computer vision as one of the transformational technologies in their respective businesses. Soaring labor costs, growing awareness about benefits of AI solutions, growing need for anti-theft solutions, availability of affordable robotics/automation are some of the key factors contributing to the fastest growth of the computer vision technologies segment.

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. With increasing need to digitize businesses, companies in this region are increasingly considering digital supply chain technologies to be disruptive and extremely important for future viability of their businesses. All these factors are slated to drive the AI in supply chain market growth during the forecast period.

Key Players

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

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Scope of the Report:

AI in Supply Chain Market by Component

  • Processors
  • Networking
  • Memory
  • AI Platforms
  • AI Solutions
  • 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:

  • U.S.
  • Canada
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • China
  • India
  • Japan
  • Rest of Asia-Pacific

๐’๐ฉ๐ž๐š๐ค ๐ญ๐จ ๐จ๐ฎ๐ซ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ๐ฌ ๐ญ๐จ ๐”๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ญ๐ก๐ž ๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ ๐จ๐Ÿ ๐‚๐Ž๐•๐ˆ๐ƒ-๐Ÿ๐Ÿ— ๐จ๐ง ๐˜๐จ๐ฎ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5064

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?

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