Cognitive Supply Chain Market Boom: Projected to Reach USD 32.58 Billion by 2032

The Cognitive Supply Chain Market is on the rise, valued at USD 8.14 billion in 2023 and projected to reach USD 32.58 billion by 2032, growing at a CAGR of 16.70%. The U.S. market alone is expected to reach USD 7.13 billion by 2032, with early adoption of AI and a need for supply chain transparency driving growth.

Major players in the market include IBM, Oracle, Amazon Web Services, and Accenture, among others. These companies offer a range of solutions for intelligent supply chain management and optimization.

The market is segmented by deployment, enterprise size, automation used, and industry verticals. IoT dominates automation with 45% revenue share, while manufacturing leads in industry verticals. North America currently dominates the market, but Asia-Pacific is poised for the fastest growth.

Recent developments in the market include IBM’s AI-enhanced cognitive supply chain suite, Oracle’s updated SCM Cloud, and SAP’s partnership with NVIDIA for integrating cognitive AI models into supply chain systems.

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