Business Science Technology

Artificial Intelligence (AI) in Supply Chain Market – Global Opportunity Analysis and Industry Forecast (2019-2027)

Meticulous Research® – leading global market research company published a research report titled “Artificial Intelligence in Supply Chain Market by Component (Platforms, Solutions) Technology (Machine Learning, Computer Vision, Natural Language Processing), Application (Warehouse, Fleet, Inventory Management), & by End User – Global Forecast to 2027”.

The global artificial intelligence in supply chain market is expected to grow at a CAGR of 39.4% from 2019 to reach $21.8 billion by 2027; wherein, Asia-Pacific region is expected to register fastest CAGR throughout the forecast period.

Incessantly growing number of IoT devices, rapidly increasing usage of internet, growing adoption of cloud services and AI-based business automation solutions are contributing to the growth of the market. Furthermore, technological transformation of the supply chain industry to enhance business visibility, risk management, inventory & warehouse management, supply chain planning, and automated quality inspections are also accelerating the demand for artificial intelligence. However, high procurement and operating costs coupled with the lack of internet infrastructure in some developing and underdeveloped countries is expected to hinder the market growth to a certain extent.

Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/artificial-intelligence-ai-in-supply-chain-market-5064/

Global artificial intelligence in supply chain market study presents historical market data in terms of values (2017 & 2018), estimated current data (2019), and forecasts for 2027- by component (hardware, software, and services), by technology (machine learning, computer vision, natural language processing, cognitive computing, and context-aware computing), by application (supply chain planning, warehouse management, fleet management, virtual assistant, risk management, inventory management, and planning & logistics), and by end-user (manufacturing, food and beverages, healthcare, automotive, aerospace, retail, and consumer-packaged goods), and region. The study also evaluates industry competitors and analyzes the market country level.

Computer vision technology is spearheading the growth of AI in the supply chain industry. Consistently increasing labor costs and steadily decreasing costs of robotics or automation are supporting the growth of the computer vision technologies market in the supply chain industry.

Based on geography, the global artificial intelligence in the supply chain market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2018, North America dominated the AI market for supply chain industry. This is majorly attributed to the higher awareness and adoption of AI technologies among different industries in the region and increasing dedication of business enterprises towards enhancing the applications & solutions in their existing supply chain systems. However, Asia-Pacific is slated to grow at highest CAGR during the forecasted period. The growth is majorly attributed to the growing demand for AI-based business solutions for automation across several operational areas including supply chain management. Furthermore, increasing adoption of modern technologies including machine learning and natural language processing, government initiatives towards adoption of advanced technologies, and rapid digitalization are also contributing to the fastest growth in the Asia Pacific region.

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Key questions answered in the AI in supply chain market report:

Large scale implementation of computer vision in both autonomous & semi-autonomous applications across the different end-use industry will propel the global artificial intelligence in supply chain market

  • How does the implementation of computer vision in both autonomous & semi-autonomous applications will propel AI in supply chain market?
  • Which are the high growth market segments in terms of technology, applications, and countries?
  • What impact does this have on the adoption of computer vision in both autonomous & semiautonomous applications in comparison to others?
  • What are the geographical trends and high growth regions/ countries?

Machine Learning is witnessing strong growth across global artificial intelligence in supply chain market

  • What factors contribute to the high growth of machine learning in supply chain?
  • Which geographic segment is expected to experience the fastest growth in machine learning?

Global artificial intelligence in supply chain market favours both manufacturing and consumer-packaged goods in end-user segment

  • Which are the key application areas within end-user markets that showcase high revenue growth opportunities?
  • Which market segments have the most potential for revenue expansion over the forecast period?
  • What are the major drivers, restraints, and opportunities in the global AI in supply chain market?
  • What are the geographical trends and high growth regions/ countries?

Recent partnerships, acquisitions, and expansions have taken place in the global artificial intelligence in supply chain market

  • What companies have recently merged/acquired and how will these unions affect the competitive landscape of the global AI in the supply chain market?
  • What companies have created partnerships and how will these partnerships promote a competitive advantage?
  • Who are the major players in the global AI in the supply chain market and what share of the market do they hold?

Download Full Report with Facts and Figures of Artificial Intelligence (AI) in Supply Chain Market Report at  https://www.meticulousresearch.com/download-sample-report/cp_id=5064

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