Artificial Intelligence (AI) in Supply Chain Market Worth $21.8 billion by 2027- Exclusive Report by Meticulous Research

London, Dec. 10, 2019 (GLOBE NEWSWIRE) -- According to a new market research report "Artificial Intelligence in Supply Chain Market by Component (Platforms, Solutions), Technology (Machine Learning, Computer Vision, Natural Language Processing), Application (Warehouse, Fleet, Inventory Management), & End User - Global Forecast to 2027", published by Meticulous Research, the AI in Supply Chain Market is expected to grow at a CAGR of 39.4% from 2019 to reach $21.8 billion by 2027. Today supply chain networks are becoming more and more complex owing to progressive globalization. Various well-established supply chain organizations across the globe are increasingly struggling with rising cost of operations, dissatisfied customers, declining sales, and unidentified competition. Therefore, the adoption of artificial intelligence technologies in supply chain operations is on the rise in order to create new opportunities & enhance operational capabilities by leveraging new possibilities, fastening processes, and making organizations adaptable to changes in the future. Realizing the fact, various end-use industries are investing heavily in order to reap the profits in highly dynamic and competitive market environments.