Exploring the Role of AI in Modernizing the Supply Chain Market

[Redding,California ], [01-12-23] — The Artificial Intelligence (AI) in Supply Chain Market has witnessed a phenomenal journey over the past year, and on its 1-year birthday, it continues to pave the way for unparalleled growth. According to the latest insights from Meticulous Research, the market is projected to reach a staggering $41.23 billion by 2030, boasting an impressive Compound Annual Growth Rate (CAGR) of 38.8% during the forecast period from 2023 to 2030.

The surge in the AI in supply chain market is attributed to the escalating integration of artificial intelligence in supply chain operations, addressing the ever-growing need for enhanced visibility and transparency in supply chain processes. This transformative growth, however, is not without its challenges, as high procurement and operating costs, coupled with infrastructure limitations, pose restraints.


🚀 Key Drivers Fueling Market Expansion

The growing demand for AI-based business automation solutions stands out as a prominent driver, creating lucrative growth opportunities for industry players. Organizations are increasingly recognizing the potential of AI to streamline operations and elevate decision-making processes through advanced analytics capabilities.

Despite the optimism, challenges loom in the form of performance issues in integrating data from multiple sources and concerns related to data privacy and security. Nevertheless, the industry remains dynamic, with the rising demand for cloud-based supply chain solutions emerging as a trend that continues to shape the AI in supply chain landscape.

🌐 Top 10 Companies Leading the Charge:         https://meticulousblog.org/top-10-companies-in-artificial-intelligence-ai-in-supply-chain-market/

As the AI in supply chain market propels towards its projected heights, key industry players are at the forefront of this transformative journey. Here are the top 10 companies contributing significantly to the market's growth:

  1. Intel Corporation: Providing end-to-end solutions with a focus on AI hardware, streamlining projects with advanced software tools for improved decision-making.

 

  1. Microsoft Corporation: Offering cloud-based business solutions, leveraging AI capabilities in supply chain management for enhanced visibility and actionable insights.

  2. Google LLC: Infusing machine learning into a cloud platform, enabling businesses to achieve end-to-end visibility in logistics and supply chain operations.

  3. IBM Corporation: Utilizing AI, IoT, and automation to customize workflows and address complex supply chain challenges for digital transformation.

  4. Amazon Web Services, Inc.: Providing purpose-built tools for machine learning operations, unifying data for ML-powered actionable insights in supply chain applications.

  5. NVIDIA Corporation: Using GPU-powered AI solutions for automating inventory processes, optimizing package handling, and enhancing warehouse operations.

  6. Oracle Corporation: Offering cloud-based solutions like Oracle Fusion Cloud Supply Chain to digitize and optimize supply chains with advanced technologies.

  7. SAP SE: Integrating predictive analytics, AI, and machine learning technologies to assist customers in supply chain planning.

  8. Advanced Micro Devices, Inc.: Providing processors, GPUs, and storage devices to support AI-based supply chain solutions through adaptable hardware.

  9. FedEx Corporation: Leveraging technology for enhanced visibility and predictive capabilities in supply chain logistics, making supply chains smarter.

📊 Market Projections and In-Depth Analysis

Meticulous Research's latest publication on the Artificial Intelligence in Supply Chain Market predicts a remarkable growth of 38.8% during the forecast year 2023-2030. The comprehensive report delves into the recent financial performance, key products, significant company strategies, partnerships, and acquisitions of each company, offering global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.

For more information on this groundbreaking report : https://meticulousblog.org/top-10-companies-in-artificial-intelligence-ai-in-supply-chain-market/

 

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

 

 

 

Comments

Post a Comment

Popular posts from this blog

A Comprehensive Guide to Waste Management

Image
  Redding, California, Sept. 12, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled,  ‘ Waste Management Market  by Waste Type (Hazardous Waste, Industrial Waste, E-waste), Waste Management Method (Landfilling, Recycling, Incineration), and Source (Residential, Commercial, Municipal, and Industrial)—Global Forecast to 2030’,  the waste management market is projected to reach $703.9 billion by 2030, at a CAGR of 4.9% during the forecast period. A waste management system or waste disposal is a streamlined process that organizations use to dispose, reduce, reuse, and prevent waste. It is also an approach where companies implement comprehensive strategies to manage wastes from their origin until their final disposal. Waste management involves various interventions in the generation, prevention, characterization, monitoring, treatment, handling, reuse, and ultimate residual disposal of solid wastes. Possible waste disposal methods are recycling, c...
Read more

The Best Alternative to Chloride Containing Fertilizers

Image
The modernization of  agriculture along with the “ 𝐆𝐫𝐞𝐞𝐧 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 ” transforms the agriculture practices in a new dimension where the traditional knowledge and techniques were replaced by the new  technology  to increase the productivity to feed the growing population. 𝑬𝒙𝒑𝒍𝒐𝒓𝒆 𝑴𝒐𝒓𝒆 𝑯𝒆𝒓𝒆 : https://www.meticulousresearch.com/download-sample-report/cp_id=5135 This green revolution  changed the country status from importer to self-sufficient. Traditional source of nutrients was replaced by the synthetic and  chemical fertilizer . Undoubtedly the  inorganic  fertilizers are keys behind the increasing productivity to a greater scale. However, inappropriate use of these chemical/synthetic fertilizers, unscientific management, over-utilization, etc. lead to soil and environmental pollution as well as deterioration of the soil quality. To reduce or minimize these ill effects, it is high time...
Read more

Plastic Processing Auxiliary Equipment Market to be Worth $9 Billion by 2030

  Meticulous Research®—a leading global market research company, published a research report titled, ‘ Plastic Processing Auxiliary Equipment Market by Type (Batch Blenders, Extrusion Controllers, Chillers, Granulators, Robots), Molding Technique (Injection, Blow), Sector (Automotive, Food & Beverage, Packaging, Construction) - Global Forecast to 2030.’     According to this latest publication from Meticulous Research®, the Plastic Processing Auxiliary Equipment Market is projected to reach $9 billion by 2030, at a CAGR of 3.5% from 2023 to 2030. The growth of this market is driven by the high demand for plastics across industries and economic growth and improving living standards. However, the rising awareness regarding plastic pollution and the growing emphasis on reusing plastics restrain the growth of this market. The proliferation of advanced plastic recycling techniques is expected to create growth opportunities for the players operating in this mar...
Read more