Artificial Intelligence (AI) in Supply Chain

Artificial Intelligence (AI) in Supply Chain

Global Artificial Intelligence (AI) in Supply Chain Market to Reach $33.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Artificial Intelligence (AI) in Supply Chain estimated at US$3.1 Billion in the year 2020, is projected to reach a revised size of US$33.2 Billion by 2027, growing at a CAGR of 40.2% over the analysis period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record a 37.3% CAGR and reach US$13.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 43.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $942.3 Million, While China is Forecast to Grow at 38.1% CAGR

The Artificial Intelligence (AI) in Supply Chain market in the U.S. is estimated at US$942.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.3 Billion by the year 2027 trailing a CAGR of 38.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 36.4% and 34.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 27.5% CAGR.

Services Segment to Record 41.3% CAGR

In the global Services segment, USA, Canada, Japan, China and Europe will drive the 41.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$480.4 Million in the year 2020 will reach a projected size of US$5.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 298 Featured) -

• Amazon
• C. H.Robinson
• Cainiao Network (Alibaba)
• ClearMetal
• Deutsche Post AG DHL
• E2open
• FedEx
• Fraight AI
• IBM
• Intel
• LLamasoft, Inc.
• Logility
• Micron Technology
• Microsoft
• NVIDIA
• Oracle
• Presenso
• Relex Solution
• Samsung Electronics
• SAP
• Splice Machine
• Teknowlogi
• Xilinx

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