Latest News- Artificial Intelligence In Supply Chain Market in China: Hardware is expected to lead the Component segment during 2024-2028

The Artificial Intelligence In Supply Chain Market in China is being driven by Adoption of AI for enhancing consumer services and satisfaction

The Artificial Intelligence In Supply Chain Market in China is expected to grow at a CAGR of 45.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7659.8 million. Artificial Intelligence (AI) in China's supply chain market is driven by advanced technologies such as Machine Learning (ML) and deep-learning neural networks. These foundational technologies enable the creation of cloud-based AI software and services, including Natural Language Processing (NLP), computer vision, and data-handling capabilities for precise demand forecasting. Companies are increasingly utilizing AI for various applications, such as recommendation engines, pricing optimization, lead generation, and chatbots, to streamline supply chain operations. However, implementing AI technologies in on-premises data centers necessitates substantial computing power and data storage capacity for efficient data processing. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Hardware
  • Software
  • Services
• End-user
  • Automotive
  • Retail
  • Consumer-packaged goods
  • Food and beverages
  • Others
• Geography
  • China

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Adoption of AI for enhancing consumer services and satisfaction
• Rise in investments and research and development in AI startups
• Demand for greater visibility and transparency into supply chain data and processes

However, the market also witnesses some limitations, which are as follows:

• Shortage of AI technology experts
• Issues related to data security
• Complexity in deploying AI technology in supply chain operations

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Market Scope in Artificial Intelligence In Supply Chain Market in China Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Artificial Intelligence (AI) is revolutionizing China's supply chain sector through advanced applications in warehousing and transportation, supply chain analytics, and demand planning. AI-driven solutions include predictive maintenance, process mining techniques, and smart contracts on blockchain for supply chain visibility and risk assessment. Shipment tracking, warehouse optimization, and inventory control are enhanced with AI-powered delivery, order fulfillment, and last mile delivery. Autonomous delivery robots and supply chain security are ensured with data security measures on cloud computing platforms. Big data analytics, AI algorithm development, and model training datasets drive network optimization, resource allocation, capacity planning, production scheduling, quality control systems, supplier relationships, and customer relationships.

Market Research Overview

In the dynamic business landscape of China, Artificial Intelligence (AI) is revolutionizing the Supply Chain sector. AI-driven logistics optimizes transportation and inventory management, ensuring efficient delivery and reducing operational costs. Predictive Maintenance AI minimizes equipment downtime by predicting failures, enhancing productivity. Demand Forecasting models using AI accurately anticipate consumer trends, enabling effective inventory planning. Supply Chain Optimization, facilitated by AI, streamlines processes, reducing lead times and improving overall performance. These advanced technologies are transforming the IT software market in China, contributing significantly to the Application Software sector within the broader Global IT Software Market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/