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AI in Logistics And Supply Chain Management Market Size Forecasted To Achieve $23.54 Billion By 2029 With Steady Growth
AI in Logistics And Supply Chain Management Market Size
What Is the AI in Logistics And Supply Chain Management Market Size and Projected Growth Rate?
The AI in logistics and supply chain management market has grown quickly, forecasted to increase from $4.03 billion in 2024 to $5.75 billion in 2025 at a CAGR of 42.6%, driven by cost and efficiency needs, talent gaps, just-in-time logistics, regulatory shifts, and global trade changes.
The AI in logistics and supply chain management market is set to increase sharply to $23.54 billion by 2029 at a CAGR of 42.2%, backed by VR/AR use, blockchain, multi-modal logistics, NLP tools, and hybrid workforce models. Key trends will include IoT and big data convergence, predictive logistics, cloud AI, green logistics, and R&D investment.
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What Are the Major Segments in the AI in Logistics And Supply Chain Management Market?
The AI in logistics and supply chain management market covered in this report is segmented -
1) By Offering: Solution, Services
2) By Type: Artificial Intelligence (AI), Machine Learning, Robotics Process Automation (RPA), Natural Language Processing (NLP)
3) By Deployment: Cloud-Based, On-Premise
4) By Application: Warehouse Management, Transportation Management, Order Fulfillment, Demand Forecasting, Inventory Optimization, Supply Chain Planning, Other Applications
5) By End User: Automotive, Aerospace, Manufacturing, Retail, Healthcare, Other End Users
Subsegments:
1) By Solution: AI Software, AI Platforms, AI Tools For Automation, AI-Based Analytics
2) By Services: Consulting Services, Integration And Implementation Services, Managed Services, Support And Maintenance Services
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What Are The Driving AI in Logistics And Supply Chain Management Market Evolution?
Growth in e-commerce is driving demand in the AI in logistics and supply chain management market, with AI technologies enhancing efficiency in inventory, delivery, and customer service. In February 2024, the U.S. Census Bureau reported e-commerce sales in 2023 totaled $1,118.7 billion, a 7.6% increase over 2022, making up 15.4% of total sales.
Which Firms Dominate The AI in Logistics And Supply Chain Management Market Segments?
Major companies operating in the AI in logistics and supply chain management market are Google LLC, Microsoft Corporation, Amazon Web Services Inc., General Electric Company, International Business Machines Corporation, Oracle Corporation, SAP SE, Zebra Technologies Corp., Databricks Inc., Manhattan Associates Inc., o9 Solutions Inc., Locus, Trax Technologies Ltd., SenseTime, Project44, FourKites Inc., Turvo Inc., Everstream Analytics, GreyOrange Pte. Ltd., Elementum Ltd., Ambi Robotics, ClearMetal Inc., Aurrigo International Plc, Nexocode
What Trends Are Expected to Dominate the AI in Logistics And Supply Chain Management Market in the Next 5 Years?
Companies in the AI in logistics and supply chain management markets are advancing AI tools to improve operational sustainability and effectiveness. In December 2023, Blue Yonder Group Inc., a US-based supply chain firm, rolled out Blue Yonder Orchestrator. This platform leverages AI and large language models to deliver real-time decision-making support, helping users make intelligent supply chain choices efficiently.
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Which Is The Largest Region In The AI in Logistics And Supply Chain Management Market?
North America was the largest region in the AI in logistics and supply chain management market in 2023. The regions covered in the AI in logistics and supply chain management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the AI in Logistics And Supply Chain Management Market?
2. What is the CAGR expected in the AI in Logistics And Supply Chain Management Market?
3. What Are the Key Innovations Transforming the AI in Logistics And Supply Chain Management Industry?
4. Which Region Is Leading the AI in Logistics And Supply Chain Management Market?
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