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Artificial Intelligence in Supply Chain Market Size to Grow at a CAGR of 37% till 2023 | with Nvidia Corporation, IBM, Intel, Xilinx, Samsung Electronics, Microsoft, Micron Technology, SAP SE, Oracle, Logility, Amazon, Llama soft

02-20-2019 08:55 AM CET | IT, New Media & Software

Press release from: Market Research Future

Artificial Intelligence in Supply Chain Market

Artificial Intelligence in Supply Chain Market

According to MRFR analysis, global AI in supply chain market was valued at USD 545 million in 2017 and is estimated to reach market value of USD 3-4 billion by 2023 growing with 37 % CAGR during forecast period 2018-2023. Increasing adoption of cloud-based software modules by supply chain industry, rising trend of deploying automation solutions by industries into their operations, and growth in industry 4.0 are some of the trends which are creating high potential opportunities for the market in coming years. Whereas, data privacy and lack of connected systems in sectors such as retail and logistics are some of the key challenges faced by the market.

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Prominent Players:

Nvidia Corporation, IBM corporation, Intel Corporation, Xilinx, Inc., Samsung Electronics, Microsoft Corporation, Micron Technology, SAP SE, Oracle Corporation, Logility, Inc., Amazon, and LLamasoft, Inc. among others are some of the key players in Artificial intelligence (AI) in supply chain market.

Market Highlights

• October 2018, IBM coporation introduced new version of Watson AI platform for supply chain management. This tool can provide alerts regarding data retreival from the most relevant database, published data and past records of the supply chain operations.
• July 2018, Centiro, a cloud based transportation and delivery management solution provider, annonuced to invest in new technologies such as artificial intelligence and machine learning to strengthen its supply chain network.

Intended Audience

• Technology, service, and solution providers
• Information Technology management
• Government
• Research Institutes
• Consultants/advisory firms
• AI system integrators
• Value-Added Resellers (VARs)
• Strategic business partners

Artificial Intelligence in Supply Chain Market Segmentation:

The global AI in Supply Chain Market is segmented into component, technology, deployment, application, end-users and region.
By component, the market is segmented into hardware, and software. Hardware segment is further classified into processors, memory, and network. Processors segment is further sub-segmented into CPU, GPU, FPGA, and ASIC.
By technology, the market is segmented into machine learning, natural language processing, context-aware computing, and computer vision.
By deployment, the market is sub-categorized into on-premise, on-cloud, and hybrid.
By application, the market is classified into fleet management, warehouse management, supply chain planning, logistics & shipping, supplier relationship management, risk management among others.
By end-users, the market is sub-divided into aerospace, automotive, retail, manufacturing, food & beverage, consumer electronics, and others.
By region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the world.

Regional analysis

Market Research Future (MRFR) has covered following countries in regional analysis - U.S, Canada and Mexico AI in Supply Chain Market in North America. Germany, U.K, France, Spain, and Italy AI in Supply Chain Market in Europe. China, Japan, India, and Singapore, in Asia-Pacific. The Middle East & Africa and South America AI in Supply Chain Market in the Rest of the world.

North America is leading the AI in Supply Chain Market in 2017, followed by Asia-Pacific and Europe, respectively. Technological advancement, highly developed infrastructure, and growing technical expertise in artificial intelligence technology are some key factors fueling the integration of AI based solutions in supply chain of the industries in the region. US is the leading market among Canada and Mexico. Developing market of e-commerce and increasing market growth of retail industry is developing a demand for advanced solutions for logistics and warehouse management. Further, presence of key players such as Amazon, IBM Corporation, and Microsoft corporation among others are increasing the market potential of AI based supply chain in North America.
Continued….

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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