New report makes big predictions
The artificial intelligence (AI) supply chain market is forecasted to reach US$10 billion by 2025 at a compound annual growth rate (CAGR) of 45.5%, according to a new report by Report Linker.
The huge increase in this industry can largely be attributed to elements such as increasing big data, demand for greater visibility and transparency into supply chain data and processes, as well as the adoption of AI.
The industry for computer vision technology is anticipated to grow at the highest CAGR during the estimate period.
The increasing adoption of computer vision for autonomous or semi-autonomous applications in different industries, including manufacturing and automotive, is propelling the increase of this technology in the AI market.
North America is leading the charge with regard to AI in the supply chain, with big names including IBM, Google, Microsoft, NVIDIA, Intel, and Amazon all complementing or remodelling logistical processes.
The top players operating in the sector are Intel, NVIDIA, Xilinx, Samsung Electronics, Micron Technology, IBM (NYSE:IBM), Google, Microsoft, and Amazon.
The report offers a region by region breakdown with regard to the adoption of AI.
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