Cognitive Supply Chain Market Report Analysis, Research Studies, Key Players And Forecast 2033

The new report published by The Business Research Company, titled ""Cognitive Supply Chain Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the cognitive supply chain market size has grown rapidly in recent years. It will grow from $7.42 billion in 2023 to $8.64 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The cognitive supply chain market size is expected to see rapid growth in the next few years. It will grow to $14.91 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%.

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E-commerce Growth Fuels Expansion Of The Cognitive Supply Chain Market
The growing e-commerce industry is expected to propel the growth of the cognitive supply chain market moving forward. E-commerce involves the exchange of goods and services conducted electronically, primarily over the Internet or through digital platforms. The e-commerce sector is experiencing rapid growth due to the proliferation of smartphones, increased internet penetration, and increasing demand for seamless payment and delivery options. The cognitive supply chain enhances efficiency and decision-making in the e-commerce industry by leveraging advanced technologies such as artificial intelligence (AI) and machine learning for intelligent data analysis and optimization. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, e-commerce sales for the fourth quarter of 2023 were $285.2 billion, which is a 0.8% increase from the third quarter of 2023. The estimated e-commerce sales for the fourth quarter of 2023 have increased by 7.5% (±1.2%) from the fourth quarter of 2022. Additionally, E-commerce sales accounted for 15.6% of the total sales in the fourth quarter of 2023. Therefore, the growing e-commerce industry is driving the growth of the cognitive supply chain market.

Advancements In Cognitive Supply Chain Management With The Emergence Of AI Tools
Major companies operating in the cognitive supply chain market are increasing their focus on developing advanced solutions, such as AI (artificial intelligence) supply chain management tools, to gain a competitive edge in the market. An AI-based supply chain management tool is a software solution leveraging artificial intelligence (AI) technologies to optimize and streamline various aspects of the supply chain. For instance, in December 2023, Blue Yonder, a US-based supply chain management company, launched Blue Yonder Orchestrator, a new AI supply chain management tool as part of its Luminate Cognitive Platform. The tool combines large language models, cloud data, and prompt engineering to provide supply chain recommendations. Blue Yonder Orchestrator enables companies to derive value from their data, allowing business users to access recommendations, predictive insights, and intelligent decisions quickly to ensure the best outcomes for their supply chain.

The cognitive supply chain market covered in this report is segmented -

1) By Offering: Solutions, Forecasting, Analytics, Inventory Management, Risk Management, Other Offerings
2) By Deployment: Cloud, On-Premise
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By End Use: Healthcare, Food And Beverages, Transportation And Logistics, Retail And E-commerce, Other End-uses

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Major companies operating in the cognitive supply chain market are Amazon.com Inc., Microsoft Corporation, Siemens AG, Intel Corporation, Accentur*e plc, International Business Machines Corporation, Oracle Corporation, Honeywell International Inc., SAP SE, NVIDIA Corporation, C.H. Robinson Worldwide Inc., SAS Institute Inc., Panasonic Corporation, Coupa Software Inc., JDA Software Group Inc., WiseTech Global Limited, E2open LLC, Kinaxis Inc., Relex Solutions Ltd., Logility Inc., FourKites Inc., Savi Technology Inc., TransVoyant LLC, Terra Technology LLC, ClearMetal Inc., Llamasoft Inc.

Contents of the report:
1. Executive Summary
2. Cognitive Supply Chain Market Report Structure
3. Cognitive Supply Chain Market Trends And Strategies
4. Cognitive Supply Chain Market - Macro Economic Scenario
5. Cognitive Supply Chain Market Size And Growth
…..
27. Cognitive Supply Chain Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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