AI In Logistics And Supply Chain Management Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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What Is the Expected CAGR for the AI In Logistics And Supply Chain Management Market Through 2025?
The market size of AI in logistics and supply chain management has seen exponential expansion in the past few years. It is expected to increase from $4.03 billion in 2024 to $5.72 billion in 2025, with a CAGR of 41.7%. Factors which have contributed to this growth in the historic period include pressures to cut costs and increase efficiency, a deficiency in talent and skillsets, the emerging trend of just-in-time inventory management, modifications in regulations and trade contracts, and geopolitical instability.

What's the Projected Size of the Global AI In Logistics And Supply Chain Management Market by 2029?
There is anticipated to be a significant surge in the size of the artificial intelligence in logistics and supply chain management market, with predictions suggesting it could reach $21.06 billion by 2029. This growth, which is forecasted at a compound annual growth rate (CAGR) of 38.5%, is due to aspects such as augmented and virtual reality integration, blockchain contributing to supply chain transparency, optimization of multi-modal transportation, natural language processing delivering supply chain insights, along with the collaboration of a hybrid workforce. The period of growth is also expected to see trends such as the combination of AI with Internet of Things and big data, a focus on predictive analytics and forecasting, an increased demand for AI solutions based in the cloud, efforts towards sustainability and green logistics, and a rise in investments in research and development.

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Top Growth Drivers in the AI In Logistics And Supply Chain Management Industry: What's Accelerating the Market?
The expansion of the e-commerce sector is predicted to fuel the rise of the AI in logistics and supply chain management market in the future. E-commerce, primarily done via electronic means such as the internet, mobile apps, or other digital platforms, involves businesses that perform transactions of goods and services. Factors such as convenience, widespread internet access, and a shift in consumer behavior towards online shopping contribute to the growth of the e-commerce industry. AI boosts e-commerce logistics and supply chain management by predicting demand, refining inventory management, streamlining delivery paths, cutting costs, and boosting customer satisfaction. For instance, the United States Census Bureau, a US government agency, reported in February 2024 that e-commerce sales shot up to $1,118.7 billion in 2023, a rise of 7.6% (±1.2%) from 2022. Moreover, in 2023, e-commerce sales made up 15.4% of total sales, compared to 14.7% in 2022. As such, the burgeoning e-commerce sector is propelling the growth of the AI in logistics and supply chain management market.

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What Trends Will Shape the AI In Logistics And Supply Chain Management Market Through 2029 and Beyond?
Leading businesses in the AI in logistics and supply chain management sectors are introducing highly advanced products such as AI-driven supply chain management tools. These tools aim to improve operational efficiency and sustainability by using artificial intelligence to fine-tune several aspects of the supply chain process, from forecasting and planning to logistics and customer service. For instance, in December 2023, Blue Yonder Group Inc., an American supply chain management company, unveiled the Blue Yonder Orchestrator. This cutting-edge tool uses AI to enhance decision-making and streamline supply chain coordination. A unique feature of the tool is its ability to equip business users with immediate access to intelligent decisions, predictive insights, and recommendations, thereby ensuring optimal outcomes for their supply chain. The novelty of this tool arises from the integration of large language models (LLMs), cloud data, and swift engineering to develop custom recommendations for supply chain decisions.

What Are the Main Segments in the AI In Logistics And Supply Chain Management Market?
The ai in logistics and supply chain managementmarket 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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Which Top Companies are Driving Growth in the AI In Logistics And Supply Chain Management Market?
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

Which Regions Will Dominate the AI In Logistics And Supply Chain Management Market Through 2029?
North America was the largest region in the AI in logistics and supply chain management market in 2024. 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.

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