Artificial Intelligence in Supply Chain Market Size To Expand at a Notable CAGR Of 37% During 2018 - 2023 :

Pune, India, January 21st, 2019, MRFR Press Release/- Market Research Future published a half-cooked research report on the global Artificial intelligence (AI) in supply chain market.

Market Highlights

  • October 2018, IBM coporation introduced new version of Watson AI platform for supply chain management. This tool can provide alerts regarding data retreival from the most relevant database, published data and past records of the supply chain operations.
  • July 2018, Centiro, a cloud based transportation and delivery management solution provider, annonuced to invest in new technologies such as artificial intelligence and machine learning to strengthen its supply chain network.

Regional Analysis

The market for Artificial intelligence (AI) in supply chain market is estimated to grow at a significant rate during the forecast period 2018 to 2023. The geographical analysis of Artificial intelligence (AI) in supply chain market is studied for North America (U.S, Canada, and Mexico), Europe (Germany, U.K, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Singapore and Rest of Asia-Pacifc), and the Rest Of The World (including the Middle East, Africa, and South America).

North America is expected to dominate the Artificial intelligence (AI) in supply chain market during the forecast period. North America is an established region in terms of advanced infrastructure and is widely known as an early adopter of new technologies. USA is the leading market in AI in supply chain due to high adoption rate of AI based solutions by supply chain industry and retailers for warehouse management, and supply chain planning to satisfy the increasing consumer demand efficiently.

Asia-Pacific Artificial intelligence (AI) in supply chain market is the second dominant market and is also projected to grow with fastest growing CAGR during forecast period. Increasing trend of online shopping, increasing dominance of e-commerce companies such as Amazon, and Flipkart, positive approach towards adopting new technologies, and on-going development of digital and networking with full support of the respective government are some key factors driving the market in Asia-Pacific region. China is leading the market, whereas, India is projected to witness high growth in coming years.

Europe is expected to be witness high growth in coming years owing to increasing usage of AI-enabled software and cognitive computing algorithms & techniques by the industries such as automotive and manufacturing. Further, rising trend of online purchase in European countries such as Germany, France and Spain, are projected to fuel the market growth of AI based supply chain in the region during the forecast period. 

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Key players

Nvidia Corporation, IBM corporation, Intel Corporation, Xilinx, Inc., Samsung Electronics, Microsoft Corporation, Micron Technology, SAP SE, Oracle Corporation, Logility, Inc., Amazon, and LLamasoft, Inc. among others are some of the key players in Artificial intelligence (AI) in supply chain market.