Information Technology
AI in Supply Chain Market worth $40.53 billion by 2030 - Exclusive Report by MarketsandMarkets™
Services segment is expected to witness a higher CAGR during the forecast period in the AI in supply chain market. AI-based supply chain solutions are maintained and updated on a real-time basis for efficiency. A support package offered by value-added service providers ensures proper operation of the deployed AI systems and addresses technical issues that may emerge. The end-user is now more focused on measurable benefits from their investments in AI. Service providers can help define key performance indicators and track return on investment (ROI) in AI implementations to articulate value in AI for the supply chain.
Demand planning & forecasting segment is a leader primarily because of the critical function it plays in enhancing the forecast accuracy for future demands for a product, which in turn means optimized levels of inventory and reduced costs.
By leveraging sophisticated algorithms and machine learning methods for analysing historical sales data, market trends, consumer behavior, and external factors such as economic changes or seasonal patterns, companies can make sound decisions regarding the production and distribution of their goods. This therefore leads to reduced overproduction and other supply chain costly shortages.
The retail segment is projected to hold the largest market share during the forecast period. AI uses historical sales data, customer trend, and external factors for better predictions of demand. This will make them carry the right amount of inventory, eliminating frustration to the customer and overstocking wastefully valued storage and this might cause possible markdowns. Also, AI lets inventory management be seamless through the online and brick-and-mortar stores, and this ensures that every order can be fulfilled crisply across every medium. Through real-time tracking of goods throughout the supply chain, this also allows for further transparency and control over their operations.
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=114588383
The growth in AI adoption is rapid in the Asia Pacific region, driven by a combination of regional economic factors and technological advancements. In the world's fastest-growing e-commerce market, the Asia Pacific region is using AI to streamline order fulfillment and delivery processes and enhance personalized customer experiences. China's "Made in China 2025" focuses on automation and intelligent manufacturing. AI has the vital contribution to be made in efficient and optimized production processes. China has the world's biggest e-commerce market and there is an ever-increasing demand for speed and reliability in delivery. AI solutions can be deployed in Intelligent Warehousing and Order Fulfillment.
Leading players in the AI in Supply Chain companies include SAP SE ( Germany ), Oracle (US), Blue Yonder Group, Inc. (US), Kinaxis Inc. ( Canada ), Manhattan Associates (US), IBM (US), Microsoft (US), Anaplan, Inc. (US), ServiceNow (US), e2open, LLC (US) are few other key companies operating in the AI in supply chain market.
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=114588383
Semiconductor and Electronics Market Research Reports &Consulting
AI Chip Market Size, Share & Industry Trends Growth Analysis Report by Offerings (GPU, CPU, FPGA, NPU, TPU, Trainium, Inferentia, T-head, Athena ASIC, MTIA, LPU, Memory (DRAM (HBM, DDR)), Network (NIC/Network Adapters, Interconnects)), Function (Training, Inference) & Region – Global Forecast to 2029
Artificial Intelligence in Marketing Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Context-Aware Computing, NLP, Computer Vision), Deployment Type, Application, End-User Industry, and Geography - Global Forecast to 2025
MarketsandMarkets™ has been recognized as one of , as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight:
https://www.marketsandmarkets.com/ResearchInsight/ai-in-supply-chain-market.asp
Content Source:
https://www.marketsandmarkets.com/PressReleases/ai-in-supply-chain.asp
View original content: https://www.prnewswire.co.uk/news-releases/ai-in-supply-chain-market-worth-40-53-billion-by-2030---exclusive-report-by-marketsandmarkets-302303775.html