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How Will The AI In Logistics Market Valuation Change Between Now And 2029?

The market size of AI in logistics has seen impressive growth recently. Its projected increase is expected from $18.01 billion in 2024 to $26.33 billion in 2025, boasting a compound annual growth rate (CAGR) of 46.2%. The substantial growth during the historic period is due to the escalating complexity of supply chain networks, growing need for instantaneous logistics solutions, progress in AI and machine learning technologies, expansion of the e-commerce sector, and the requirement for efficiency and cost reduction in logistics processes.

It is projected that the AI in logistics industry will experience significant expansion in the coming years, escalating to a market size of $122.78 billion by 2029, with a compound annual growth rate (CAGR) of 47.0%. The predicted growth during this timeframe stems from the increased utilization of autonomous vehicles and drones in logistics, the heightened demand for predictive analyses in managing supply chains, the expansion of intelligent warehouses and fulfillment centers, and the incorporation of blockchain for secure, transparent transactions. Added emphasis on eco-friendly, sustainable logistics also fuels this growth. Key trends to watch out for during this forecast period include adoption of AI-enabled route optimization for delivery fleets, the advent of AI chatbots for customer service and support, the rise of predictive maintenance solutions for logistics assets, the use of AI in demand forecasting and inventory management, and the introduction of AI-powered risk management systems for bolstering supply chain resilience.

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Which Factors Are Steering Growth In The AI In Logistics Market?

The AI in logistics market is expected to grow in tandem with the surging e-commerce sector. E-commerce, which involves the internet-based sale and purchase of services and goods, along with the requisite data transfer and payments, directly influences the AI in logistics market. The incorporation of AI in logistics boosts operational efficiency for e-commerce entities, optimizing delivery routes and supply chains, while also providing specialized shopping recommendations. For example, the U.S. Census Bureau reported in August 2024 that retail e-commerce sales in the U.S. rose to $291.6 billion in Q2 2024, showing a 1.3% increase from Q1 and a 6.7% YoY increase. Simultaneously, total retail sales climbed to $1,826.9 billion, marking a 0.5% QoQ increase and a 2.1% YoY increase. As a result, the e-commerce industry’s upswing is positively impacting the growth of the AI in logistics market.

How Does The AI In Logistics Market Differ By Segment?

The AI in logisticsmarket covered in this report is segmented –

1) By Offering: Software, Services

2) By Technology: Machine Learning, Natural Language Processing, Context Awareness Computing, Computer Vision

3) By Application: Self-driving Vehicles And Forklifts, Planning And Forecasting, Machine And Human Collaboration, Automation Of Ordering And Processing

4) By Industry Vertical: Automotive, Food And Beverages, Manufacturing, Healthcare, Retail

Subsegments:

1) By Software: Predictive Analytics Software, Route Optimization Software, Inventory Management Software, Warehouse Management Software

2) By Services: AI Integration Services, Consulting Services, Support And Maintenance Services

What New Opportunities Are Emerging From Trends In The AI In Logistics Market?

Leading corporations in the AI in logistics industry are concentrating on launching advanced tech solutions, such as AI-enabled supply chain management and orchestration systems, to boost their market profitability. These AI-enabled solutions utilize artificial intelligence to improve and streamline various elements of the supply chain. For instance, in December 2023, Indian-based company Blue Yonder, which specializes in digital supply chain management solutions, introduced Blue Yonder Orchestrator, an innovative AI tool designed to simplify supply chain management and orchestration. This novel feature merges large language models (LLMs), cloud data, and prompt engineering to suggest supply chain directions. This AI-enabled tool offers business users immediate access to advice, predictions, and intelligent decision-making, allowing them to make the most optimal decisions and positively influence their supply chain. Considering the difficulties many professionals face in retaining institutional knowledge in the current supply chain environment, Blue Yonder Orchestrator can serve as a beneficial supply chain aid that empowers businesses to amplify their intuition by harnessing data value for speedier and more efficient decision-making.

Which Firms Are Making The Biggest Impact In The AI In Logistics Market?

Major companies operating in the AI in logistics market report are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, DHL International GmbH, United Parcel Service, Inc., FedEx Corporation, CEVA Logistics AG, Intel Corporation, IBM Corporation, Oracle Corporation, Kuehne + Nagel International AG, NVIDIA Corporation, XPO Logistics, Inc., Zebra Technologies, HAVI, Infor, Echo Global Logistics, Symbotic, C3 AI, Turvo Inc., project44 Inc., Wise Systems, Inc., Covariant, Cognitivescale Inc., Slync.io Inc., Transportation Applied Intelligence LLC

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Which Region Is Leading Innovation In The AI In Logistics Market?

North America was the largest region in the AI in logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ai in logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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