What Has Driven the Growth of the Artificial Intelligence In Supply Chain Market in Recent Years?
The artificial intelligence in supply chain market has seen considerable growth due to a variety of factors.
•The market size for artificial intelligence in supply chain has seen exponential growth in the past few years. It is projected to rise from $4.92 billion in 2024 to $7.19 billion in 2025, resulting in a compound annual growth rate (CAGR) of 46.2%.
Factors contributing to this significant growth during the historic period include globalization, the increasing complexity of supply chain networks, growing customer expectations, the rise of e-commerce, and the demand for real-time information.
What is the Market Size Forecast for the Artificial Intelligence In Supply Chain Market?
The artificial intelligence in supply chain market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the artificial intelligence in supply chain market is predicted to witness significant growth, escalating to $30.81 billion in 2029 with a compound annual growth rate (CAGR) of 43.9%.
This growth in the forecast period can be credited to the increasing need for predictive analytics in supply chain management, a heightened focus on sustainability, the surge of autonomous vehicles in logistics, and the growing demand for real-time inventory visibility. Some of the prominent trends in the forecast period involve the amplified use of machine learning for demand forecasting, the rise of digital twins for supply chain optimization, expansion in AI-driven robotic process automation, focus on supply chain resilience, and the uptake of AI-enabled chatbots for customer service in logistics.
Which Factors Are Boosting Growth In The Artificial Intelligence In Supply Chain Market?
The rise in the number of people using the internet is projected to stimulate the expansion of artificial intelligence within the supply chain market. The increased internet accessibility by users in the recent three months implicates more data collection and availability for all supply chain participants online—this means businesses can readily monitor their inventory condition, the operations inside their warehouses, and the movement of their products. This helps forecast the potential demand of consumers while also minimizing the expense of holding excess unwanted inventory, thanks to the artificial intelligence (AI). For instance, as reported by Statistics Canada, a Canada-based government statistical agency, the rate of internet usage among Canadians 15 years old and above increased from 92% in 2020 to 95% in 2022. Furthermore, the most impactful increase was seen by those who are 75 years and older, with 72% in 2022. Hence, the rising internet user penetration rate is accelerating the expansion of artificial intelligence in the supply chain market.
What Key Areas Define The Segmentation Of The Global Artificial Intelligence In Supply Chain Market?
The artificial intelligence in supply chain market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision
3) By Application: Fleet Management, Supply Chain Planning, Warehouse Management, Virtual Assistant, Risk Management, Freight Brokerage, Other Applications
4) By End-User: Automotive, Aerospace, Manufacturing, Retail, Healthcare, Consumer-Packaged Goods, Food And Beverages
Subsegments:
1) By Hardware: Sensors And IoT Devices, Edge Computing Devices, Robotics And Automation Equipment
2) By Software: AI-Powered Analytics Platforms, Supply Chain Management Software, Predictive Maintenance Software
3) By Services: Consulting Services, Integration Services, Managed Services And Support
Pre-Book The Artificial Intelligence In Supply Chain Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Artificial Intelligence In Supply Chain Market?
The emergence of technological innovations is a significant trend gaining traction in the artificial intelligence supply chain market. To maintain their market positions, major businesses in this sector are embracing cutting-edge technology. For example, in April 2023, project44, a software development firm based in the US, debuted Movement GPT, the first AI supply chain assistant of its kind. By leveraging the power of generative AI, Movement GPT has the potential to transform the supply chain into an autonomous, self-healing entity. This revolutionary development provides a supply chain visibility with a user-friendly, natural language interface, making it easier than before for users to access important data and manage their shipments.
Who Are the Key Players in the Artificial Intelligence In Supply Chain Market?
Major companies operating in the artificial intelligence in supply chain market include:
• Amazon.com Inc.
• Google LLC
• Samsung Electronics Co Ltd.
• Microsoft Corporation
• DHL Group
• FedEx Corporation
• General Electric Company
• Intel Corporation
• The International Business Machines Corp
• Oracle Corporation
• SAP SE
• Micron Technology Inc.
• NVIDIA Corporation
• C.H. Robinson Worldwide Inc.
• Havi Logistics AS
• Cainiao Smart Logistics Network Limited
• Zebra Technologies Corporation
• Flexport Inc.
• Xilinx Inc.
• Echo Global Logistics Inc.
• Epicor Software Corporation
• Blue Yonder Inc.
• Symbotic LLC
• E2open LLC.
• C3.AI Inc
• Relex Solutions Private Limited
• DataRobot Inc
• Splice Machine Inc.
• Covariant Inc
• Llamasoft Inc.
What Is The Most Dominant Region In The Artificial Intelligence In Supply Chain Market?
North America was the largest region in the artificial intelligence in supply chain market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in supply chain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
