Valued to be $13.5 Billion by 2026, Artificial Intelligence (AI) in Supply Chain Slated for Robust Growth Worldwide

SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Artificial Intelligence (AI) in Supply Chain - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 7; Released: May 2021
Executive Pool: 133779
Companies: 398 - Players covered include 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 and Others.
Coverage: All major geographies and key segments
Segments: Component (Hardware, Software, Services); Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision); Application (Supply Chain Planning, Fleet Management, Warehouse Management, Virtual Assistant, Other Applications); End-Use (Retail, Automotive, Aerospace, Manufacturing, Consumer-Packaged Goods, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Artificial Intelligence (AI) in Supply Chain Market to Reach $13.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) in Supply Chain estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$13.5 Billion by 2026, growing at a CAGR of 39.8% over the analysis period. Hardware, one of the segments analyzed in the report, is projected to record a 37.5% CAGR and reach US$6.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, 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 $704.1 Million in 2021, While China is Forecast to Reach $2 Billion by 2026
The Artificial Intelligence (AI) in Supply Chain market in the U.S. is estimated at US$704.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2026 trailing a CAGR of 37.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35.7% and 33.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 27.3% CAGR.

Services Segment to Reach US$2.5 Billion by the year 2026
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 38.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$238.3 Million in the year 2020 will reach a projected size of US$2.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.