AI in Inventory Management Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033 | Walmart Inc., Amazon.com Inc., Microsoft Corporation, United Parcel Service Inc.

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

AI in Inventory Management Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $20.98 billion In 2028 At A CAGR Of 29.8% :

The AI in inventory management market size has grown exponentially in recent years. It will grow from $5.70 billion in 2023 to $7.38 billion in 2024 at a compound annual growth rate (CAGR) of 29.5%. The growth in the historic period can be attributed to enhanced customer experience, data-driven decision making, increased adoption of digital solutions, increased productivity, dynamic reorder point adjustments.

The AI in inventory management market size is expected to see exponential growth in the next few years. It will grow to $20.98 billion in 2028 at a compound annual growth rate (CAGR) of 29.8%. The growth in the forecast period can be attributed to rising number of retail stores, growing importance and potential impact of AI, growing business needs, increasing complexity and volatility of supply chains, increasing availability of data. Major trends in the forecast period include technological advancements, blockchain integration, integration of augmented reality, demand for AI-driven robots in warehouses, AI-based inventory forecasting.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=14977&type=smp

AI in Inventory Management Market Major Segments
The ai in inventory management market covered in this report is segmented -

1) By Offering: Solutions, Services
2) By Deployment: Cloud, On-premise
3) By Technology: Machine Learning, Natural Language Processing, Context Awareness, Computer Vision, Other Technologies
4) By Application: Intelligent Robotic Sorting Or Visual Inspection, Warehouse Management, Supply Chain Planning, Risk Management Or Network Management, Freight Brokerage, Fleet Management, Intelligent Route Optimization, Predictive Demand And Capacity Planning, Other Applications
5) By End-User Industries: Retail, Healthcare, Automotive, Oil And Gas, Aerospace And Defense, Other End-Use Industries

Key Driver - Rising Number Of Retail Stores Drives Growth In The AI Inventory Management Market

The rising number of retail stores is expected to propel the growth of the AI in inventory management market going forward. Retail stores refer to establishments where goods are sold to consumers directly in relatively small quantities for their consumption or use. The rising number of retail stores is due to online and offline shopping, economic conditions, consumer preferences, and strategic business decisions. AI in inventory management can significantly improve operational efficiency, reduce costs, and enhance the overall customer shopping experience with retail stores. For instance, in January 2024, according to the National Association of Convenience Stores, a US-based trade association, the number of convenience stores operating in the United States until 2024 had risen to 152,396, reflecting a 1.5% growth compared to the previous year's count. Therefore, the rising number of retail stores is driving the growth of the AI in inventory management market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=14977&type=smp

Prominent Trend - Cloud-Native AI-Powered Inventory Management Platforms Revolutionize Inventory Management

Major companies operating in the AI inventory management market are developing advanced systems, such as cloud-native AI-powered inventory management systems, to gain a competitive edge in the market. Cloud-native artificial intelligence-powered inventory management solutions are software solutions designed to operate in a cloud environment, leveraging cloud serverless computing technology to provide real-time access to inventory information. For instance, in January 2024, Predian, a US-based provider of AI-powered inventory management solutions, launched a cloud-native artificial intelligence-powered inventory management solution. This solution is designed to streamline stock control and optimize operational efficiency, making it a significant development in the field of AI-powered inventory management. These solutions can process vast amounts of data quickly, accurately, and without fatigue, making them invaluable tools for businesses looking to improve their inventory management processes.

AI in Inventory Management Market Players
Major companies operating in the AI in inventory management market report are Walmart Inc., Amazon.com Inc., Microsoft Corporation, United Parcel Service Inc., FedEx Corporation, A.P. Moller-Maersk Group, Siemens AG, Hitachi Ltd., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Deloitte Touche Tohmatsu Limited, Oracle Corporation, PricewaterhouseCoopers International Limited, Schneider Electric SE, Honeywell International Inc., KPMG International Cooperative, SAP SE , Tata Consultancy Services Limited, NVIDIA Corporation, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, Wipro Limited

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/ai-in-inventory-management-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the AI in inventory management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI in inventory management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. AI in Inventory Management Market Report Structure
3. AI in Inventory Management Market Trends And Strategies
4. AI in Inventory Management Market - Macro Economic Scenario
5. AI in Inventory Management Market Size And Growth
…..
27. AI in Inventory Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.