Press release
AI In Logistics Global Market Projected to Reach $26.34 Billion by 2025: Impelled by Technological Advancements and E-commerce Growth
AI In Logistics Market
What Is The Projected Market Size Of The Global AI In Logistics Global Market Report 2025 And Its Growth Rate?
The exponential growth of the AI in logistics market will continue in the future:
• 2024 Market Size: $18.01 billion
• 2025 Market Size: $26.34 billion (CAGR of 46.2%)
• Forecast for 2029: $122.51 billion (CAGR of 46.9%)
The attributing factors for the market growth include rising complexity in supply chain networks, advancements in AI and machine learning technologies, the burgeoning e-commerce sector. The key trends in the future will be the expansion of autonomous vehicles in logistics and increased use of AI for demand forecasting and inventory management.
What Is Driving The Growth In The AI In Logistics Global Market Report 2025?
The escalating growth of the e-commerce sector is expected to bolster the growth of the AI in logistics market. The assimilation of AI in logistics provides novel avenues for e-commerce businesses to streamline their operations and amplify efficiency. This leads to significant benefits such as route optimization, supply chain optimization, and personalized shopping recommendations. For instance, in the US, retail e-commerce sales reached $291.6 billion in Q2 2024, up 1.3% from Q1 and 6.7% year-over-year. Hence, the flourishing growth of the e-commerce sector is a major driver for the AI in logistics market.
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Who Are The Key Players Driving AI In Logistics Global Market Report 2025 Growth?
Here are the key players in the AI in logistics market:
• Amazon.com Inc.
• Alphabet Inc.
• Microsoft Corporation
• DHL International GmbH
• United Parcel Service, Inc.
• FedEx Corporation
• CEVA Logistics AG
• Intel Corporation
• IBM Corporation
• Oracle Corporation
• Kuehne + Nagel International AG
• NVIDIA Corporation
• XPO Logistics, Inc.
• Zebra Technologies
• HAVI
• Infor
• Echo Global Logistics
• Symbotic
• C3 AI
• Turvo Inc.
• Project44 Inc.
• Wise Systems, Inc.
• Covariant
• Cognitivescale Inc.
• Slync.io Inc.
• Transportation Applied Intelligence LLC
What Are The Key Trends In The AI In Logistics Global Market Report 2025?
Key trends in the forecast period will be:
• Adoption of AI-powered route optimization for delivery fleets
• Development of AI chatbots for customer service and support
• Emergence of predictive maintenance solutions for logistics assets
• Utilization of AI for demand forecasting and inventory management
• Implementation of AI-enabled risk management systems for supply chain resilience
What Are The Segments Of The Global AI In Logistics Global Market Report 2025?
The AI in logistics market is segmented as follows:
• By Offering: Software, Services
• By Technology: Machine Learning, Natural Language Processing, Context Awareness Computing, Computer Vision
• By Application: Self-driving Vehicles And Forklifts, Planning And Forecasting, Machine And Human Collaboration, Automation Of Ordering And Processing
• Industry Vertical: Automotive, Food And Beverages, Manufacturing, Healthcare, Retail
Which Region Leads The AI In Logistics Global Market Report 2025?
North America was the largest region in the AI in logistics market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period.
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What Is Covered In The AI In Logistics Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the AI In Logistics Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the AI In Logistics Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall AI In Logistics Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the AI In Logistics Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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