The artificial intelligence in supply chain market is anticipated to grow at a CAGR of 45.55% during the forecast period to reach USD 10,110.2 million by 2025. Key players in the artificial intelligence in supply chain market include Intel (US), NVIDIA (US), IBM (US), Xilinx (US), Samsung Electronics (South Korea), Amazon (US), Micron Technology (US), IBM (US), and Microsoft (US).
Top two players in the artificial intelligence in supply chain market:
Intel is among the market leaders in the design and manufacture of advanced integrated digital technology platforms. The company has a robust market presence, especially in the PC and data center market, and invests significantly in R&D, which has resulted in its strong position in the AI market. Over the past 2 years, Intel has demonstrated its strong inorganic growth strategy. The acquisition of companies such as Saffron Technology, Altera, Nervana Systems, Movidius, and Mobileye has further improved its AI product portfolio. As a result of this, Intel has launched some major products catering to AI, ML, and DL (neural networking). Moreover, partnership with AI software solution and service providers is expected to remain a vital growth strategy of the company in the coming years.
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NVIDIA is among the world leaders in visual computing. The company has a well-established geographic footprint and mainly deals with major OEMs/ODMs worldwide. The company continues to lead in the development of new products for the artificial intelligence or deep learning market. Jetson TX-2 for edge AI devices was one of the most prominent product launches by the company. The company has significantly invested in R&D (18.5% of revenue in 2018). Till now, it has made an overall investment of over USD 13 billion in R&D investment. Moreover, it has more than 7,300 patents pertaining to modern computing, and more than 71% of the employees (8,191) are dealing with R&D. This has resulted in strong organic growth and robust market position in terms of hardware product development in the AI in supply chain market. Furthermore, the company focuses on developing enhanced GPUs and Tegra processors for high-performance computing and AI needs.
Artificial Intelligence in Supply Chain Market by Offering, Technology, Application (Fleet Management, Supply Chain Planning, Warehouse Management, Virtual Assistant, Freight Brokerage), End-User Industry, and Geography - Global Forecast to 2025
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