Global Artificial Intelligence in Supply Chain Market Size To Exceed USD 238.5 Billion By 2035 | CAGR of 38.75%
Category: Information & TechnologyGlobal Artificial Intelligence in Supply Chain Market Size To Exceed USD 238.5 Billion By 2035
According to a research report published by Spherical Insights & Consulting, the Global Artificial Intelligence in Supply Chain Market is Expected to Grow from USD 6.5 Billion in 2024 to USD 238.5 Billion by 2035, at a CAGR of 38.75% during the forecast period 2025-2035.
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Browse key industry insights spread across 230 pages with 150 Market data tables and figures & charts from the report on the " Global Artificial Intelligence in Supply Chain Market Size, Share, and COVID-19 Impact Analysis, By Offering (Hardware, Software, and Services), By Application (Supply Chain Planning, Warehouse Management, Fleet Management, Virtual Assistant, Risk Management, Inventory Management, and Planning & Logistics), By End Use (Manufacturing, Food & Beverages, Healthcare, Automotive, Aerospace, Retail, Consumer-Packaged Goods, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035. "https://www.sphericalinsights.com/reports/artificial-intelligence-in-supply-chain-market
The artificial intelligence in the supply chain market refers to the market involves the application of artificial intelligence techniques for optimizing and managing diverse aspects of supply chain, from planning and procurement to logistics and delivery. It includes the prediction of demand, effective management of inventory, streamlining logistics, and improvement in decision-making. An increased complexity, rising customer expectations, and demand for real-time decision making are the factors that are promoting artificial intelligence in the supply chain market. Rapid technological advancements, including cloud computing, advanced algorithms, and AI platforms for enhancing cost-effectiveness and accessibility, are offering market opportunities. The rising demand and adoption of AI-driven automation & real-time monitoring solutions, as well as the implementation of big data are driving the market. However, the high implementation cost as well as the complexities associated with modern AI applications are hampering the market growth.
The software segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the offering, the artificial intelligence in supply chain market is divided into hardware, software, and services. Among these, the software segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period. AI software can be easily scaled up or down as per the size and complexity of the supply chain. The use of AI software for enhancing supply chain management is driving the market in the software segment.
The supply chain planning segment accounted for the largest revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the artificial intelligence in supply chain market is divided into supply chain planning, warehouse management, fleet management, virtual assistant, risk management, inventory management, and planning & logistics. Among these, the supply chain planning segment accounted for the largest revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The use of AI for improving forecasting accuracy, optimizing inventory levels, and enhancing overall efficiency in supply chain planning is propelling the market growth in the supply chain planning segment.
The automotive segment accounted for the largest revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the end use, the artificial intelligence in supply chain market is divided into manufacturing, food & beverages, healthcare, automotive, aerospace, retail, consumer-packaged goods, and others. Among these, the automotive segment accounted for the largest revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The growing advancements in AI-powered quality control systems for ensuring advanced vehicles meet strict safety and performance standards drive the market in the automotive segment.
North America is expected to hold the majority share of the global Artificial Intelligence in Supply Chain market during the forecast period.
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North America is expected to hold the majority share of the global Artificial Intelligence in Supply Chain market during the forecast period. The increasing adoption of AI in supply chain operations and demand for AI-based business automations, with a growing focus on visibility and transparency, are propelling the market growth. Further, companies' intense competition and pressure to reduce costs and maintain customer service aid in driving the regional market.
Asia Pacific is anticipated to grow at the fastest pace in the global Artificial Intelligence in Supply Chain market during the forecast period. The region’s economic landscape and technological advancements due to the adoption of AI in supply chain management contribute to driving the market demand. Factors including rapid digitalization, industry 4.0 adoption, and government support for AI and intelligent manufacturing are enhancing market growth.
Europe is anticipated to hold a substantial share of the artificial intelligence in supply chain market during the forecast period. The push towards digital transformation in supply chain planning is contributing to accelerating market growth. For instance, approximately 13.48% of EU enterprises reported using AI technologies, with large enterprises leading the way at 41.17% in the year 2024.
Major vendors in the global artificial intelligence in supply chain market are Advanced Micro Devices, Inc., Alibaba.com, Amazon.com, Inc., Deutsche Post DHL Group, FedEx, International Business Machines Corporation, Intel Corporation, Microsoft Corporation, NVIDIA Corporation, Oracle Corporation, Samsung, SAP SE, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In April 2024, SAP SE announced AI advancements in its supply chain solutions that would unleash a transformative wave of productivity, efficiency, and precision in manufacturing. AI-driven insights from real-time data will help companies optimise decisions across their supply chains, streamline product development and improve manufacturing efficiency.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the artificial intelligence in supply chain market based on the below-mentioned segments:
Global Artificial Intelligence in Supply Chain Market, By Offering
- Hardware
- Software
- Services
Global Artificial Intelligence in Supply Chain Market, By Application
- Supply Chain Planning
- Warehouse Management
- Fleet Management
- Virtual Assistant
- Risk Management
- Inventory Management
- Planning & Logistics
Global Artificial Intelligence in Supply Chain Market, By End Use
- Manufacturing
- Food & Beverages
- Healthcare
- Automotive
- Aerospace
- Retail
- Consumer-Packaged Goods
- Others
Global Artificial Intelligence in Supply Chain Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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