Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing study by Infinium Global Research on the AI in logistics market provides an in-depth analysis of segments and sub-segments in the MENA as well as regional AI in logistics market. The study also highlights the impact of drivers, restraints, and macro indicators on the MENA and regional AI in logistics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the MENA AI in logistics market. The MENA AI in logistics market was valued at nearly USD 104 million in 2022 and is expected to reach about USD 570 million, with a CAGR of over 33% during the forecast period.
Artificial intelligence is a set of technologies that work together to allow machines to sense, interpret, learn, and act at human-like levels. Perhaps this explains why everyone seems to have a distinct concept of artificial intelligence. AI is a broad term that encompasses several different concepts. Artificial Intelligence helps in digitalizing the logistics companies and their supply chain by bringing about a digital transformation by transitioning away from the legacy ERPS to analytics. Enhancement in automated systems, robotics, and mobile computing makes this transition easy.
AI in logistics is the use of AI-driven data analytics, organizations can account for variables such as fleet maintenance schedules, vehicle sensors, adverse weather, and fuel costs that drive the growth of the market. Additionally, the new technological advancement in AI in the logistics sector also boosts the growth of the market. This technological advancement reduces human efforts and at the same time increases the effective quality of the services. The high implementation costs hamper the growth of the market. The benefits such as increased warehouse delivery on-time delivery and accurate inventory management create growth opportunities for AI in logistics as well.
The UAE, Saudi Arabia, and Qatar, in particular, have demonstrated a strong commitment to the development and implementation of AI technologies in logistics. AI has the potential to fundamentally disrupt markets in the Middle East through the creation of innovative new services and entirely new business models in the logistics sector. In Saudi Arabia logistics companies become increasingly aware of the potential benefits that digitalizing operations have to offer, some companies have already embraced the shift to innovate and digitalize logistics operations with Artificial Intelligence.
| Report Coverage | Details |
|---|---|
| Market Size in 2021 | Nearly USD 104 Million |
| Market Size by 2028 | About USD 570 Million |
| Growth Rate from 2022 to 2028 | CAGR of Over 33% |
| Largest Market | Saudi Arabia |
| No. of Pages | 80 |
| Market Drivers |
|
| Market Segmentation | By Offering, By Technology, By Application, and By End-user |
| Regional Scope | Saudi Arabia, UAE, Qatar, Kuwait, Egypt, Sudan, and Rest of MENA |
The report on MENA AI in logistics market covers segments such as offering, technology, application, and end-user. On the basis of offering, the sub-markets include software, and services. On the basis of technology, the sub-markets include machine learning, natural language processing (nlp), computer vision, and others. On the basis of application, the sub-markets include asset tracking and management, logistics and supply chain management, fleet management, warehouse management, and others. On the basis of end-user, the sub-markets include automotive, retail, healthcare, oil and gas, and others.
The report provides profiles of the companies in the market such as IBM Corporation, Intel Corporation, Amazon.com, Inc., Alphabet Inc., Microsoft Corporation, Oracle Corporation, NVIDIA Corporation, Transportation Applied Intelligence, LLC, Pluto7, and Yojee.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the AI in logistics market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
Please Choose One of them.
