The global Artificial Intelligence (AI) in Supply Chain Market is poised to achieve remarkable growth, projected to reach $41.23 billion by 2030, at a staggering Compound Annual Growth Rate (CAGR) of 38.8% during the forecast period (2023–2030). This insight comes from a comprehensive analysis by Meticulous Research®, highlighting the increasing integration of AI in supply chain operations and the growing demand for enhanced visibility and transparency in supply chain processes as the key drivers for market expansion.
Despite the promising outlook, challenges such as high procurement and operating costs, and infrastructure limitations are hindering the market's full potential.
Key Market Drivers and Challenges:
• Drivers:
• Increasing incorporation of artificial intelligence in supply chain operations.
• Rising need for greater visibility and transparency in supply chain processes.
• Challenges:
• High procurement and operating costs.
• Lack of infrastructure.
Growth Opportunities and Challenges:
The market presents opportunities driven by the growing demand for AI-based business automation solutions. However, challenges such as performance issues in integrating data from multiple sources and data privacy & security concerns are expected to pose significant obstacles to market growth. The rising demand for cloud-based supply chain solutions emerges as a prominent trend in the AI in supply chain market.
Top 10 Companies in the AI in Supply Chain Market:https://meticulousblog.org/top-10-companies-in-artificial-intelligence-ai-in-supply-chain-market/
1. Intel Corporation (U.S.):
• CPU and related solutions covering edge computing to 5G networks, cloud, AI, and autonomous driving.
• AI hardware portfolio for data science, machine learning, and deployment.
• AI solution streamlining projects and tasks in the supply chain.
2. Microsoft Corporation (U.S.):
• Offers cloud-based solutions, operating systems, productivity applications, and consulting services.
• Cloud and on-premise AI capabilities in supply chain management solutions.
• Focus on maximizing asset performance and overcoming supply chain disruptions.
3. Google LLC (U.S.):
• Provides leading technology in cybersecurity, data analytics, AI, and machine learning.
• Infuses machine learning into cloud platforms for intelligent logistics operations.
• Aims for end-to-end visibility in logistics and supply chain operations.
4. IBM Corporation (U.S.):
• Information technology products and services across Software, Consulting, and Infrastructure.
• Hybrid Platform & Solutions segment using AI, IoT, and automation in supply chain challenges.
• Facilitates digital supply chain transformation with AI, improving resiliency and sustainability.
5. Amazon Web Services, Inc. (U.S.):
• Offers on-demand technology services including computing, storage, analytics, and machine learning.
• Provides purpose-built tools for machine learning operations in supply chain.
• Cloud-based applications for unified data, ML-powered insights, and demand planning.
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6. NVIDIA Corporation (U.S.):
• Leading provider of AI platforms.
• Uses AI-at-the-edge technologies for inventory processes and package handling.
• GPU-powered AI solutions enhance warehouse visibility and accuracy.
7. Oracle Corporation (U.S.):
• Global leader in enterprise information technology.
• Cloud Software-as-a-Service (SaaS) offerings in supply chain management.
• Natively incorporates advanced technologies like IoT, AI, machine learning, and blockchain.
8. SAP SE (Germany):
• Enterprise application software and software-related services.
• Supply chain management offering integrates predictive analytics, AI, and machine learning.
• Helps customers optimize and digitize their supply chains.
9. Advanced Micro Devices, Inc. (U.S.):
• Global semiconductor company offering server microprocessors and graphics processing units.
• Vitis AI unified software platform for AI development and deployment on FPGAs and Adaptive SoCs.
• Provides processors and GPUs supporting AI-based supply chain solutions.
10. FedEx Corporation (U.S.):
• Offers transportation, e-commerce, and business services.
• Utilizes sensor-based technologies for enhanced visibility and predictive capabilities.
• FedEx Supply Chain provides integrated logistics services with digital capabilities.
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Meticulous Research® Projections:
Meticulous Research®'s latest report on the Artificial Intelligence in Supply Chain Market predicts an extraordinary growth rate of 38.8% during the forecast period of 2023-2030.
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