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.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114588383
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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