Market Overview:

Generative AI in Logistics Market Size Was Valued at USD 525 Million in 2023 and is Projected to Reach USD 3,951.73 Million by 2030, Growing at a CAGR of 28.70% From 2023-2030.

Generative AI is revolutionizing logistics by improving demand forecasting, inventory management, route planning, and warehouse operations. It uses algorithms and machine learning to optimize supply chains, improve predictability, and increase industrial precision. Generative AI can significantly improve logistics by accurately predicting customer demand, optimizing route planning and delivery logistics, and aiding in inventory management. It analyzes historical data on orders and usage patterns, allowing logistics companies to stock needed products proactively, reduce costs, and improve efficiency. Additionally, it can improve pricing strategies by considering factors like customer data, inventory, transportation costs, and competition, ensuring market competitiveness and maximizing profit, generative AI offers numerous benefits in the logistics industry.

Top Key Players Covered in The Generative AI in Logistics Market:

• • IBM Corporation (US)
  • Google LLC (US)
  • Amazon Web Services Inc. (US)
  • Microsoft Corporation (US)
  • Oracle Corporation (US)
  • Intel Corporation (US)
  • Nvidia Corporation (US)
  • Cognizant Technology Solutions Corp. (US)
  • SAP SE (Germany)
  • Accenture PLC (Ireland), and Other Major Players

Market Dynamics and Factors:           

Logistics companies use Generative AI to access and analyze real-time data, providing a comprehensive view of market conditions, customer demands, and supply chain disruptions. Advanced algorithms and machine learning techniques identify patterns, correlations, and trends, enabling proactive logistics decisions, optimizing operations, simplifying processes, and improving customer experience. This transforms data into actionable intelligence, ensuring competitiveness and flexibility in logistics.

Smooth inventory management involves optimizing operations and processing, minimizing waste, and improving inventory accuracy. Techniques like warehouse management systems (WMS) and barcode or RFID tracking systems can streamline operations, reduce errors, and speed up order fulfillment. Stock replenishment is crucial, monitoring levels, forecasting demand, and ensuring timely replenishment to avoid stockouts or overstocking. Data analytics and demand forecasting tools can optimize inventory levels, minimize costs, and maintain an uninterrupted supply of products to meet customer needs.

Additionally, integrating AI systems with existing infrastructure and processes requires investments in technology, training, and change management. overcoming these challenges can lead to long-term sustainability and resilience in an increasingly digitized and competitive logistics landscape.

The Generative AI in Logistics Market Report Highlight:

• • By Application, Route Optimization segment is expected to dominate the market during the forecast period. Generative AI route optimization in logistics utilizes algorithms and machine learning to identify efficient transport and delivery routes, thereby reducing costs, increasing customer satisfaction, and improving operational efficiency.
  • By Deployment Mode, Cloud-based segment held the largest share of the market. Cloud-based Generative AI dominates the Logistics Market due to its scalability, cost-effectiveness, and ease of implementation, enhancing operational efficiency and decision-making in the logistics sector.
  • By Region, North America is Expected to Dominate the Market Over the Forecast Period. The North American logistics generative AI market is thriving due to robust technology companies, advanced infrastructure, and a robust logistics industry, utilizing AI for supply chain optimization and customer satisfaction.

Key Industry Development:

In May 2023, Intel and SAP SE collaborated to deliver more efficient and sustainable SAP® software landscapes in the cloud. Designed to help customers improve the scalability, flexibility, and consolidation of their current SAP software environments. The collaboration deepens Intel's focus on delivering highly efficient and secure SAP instances with 4th generation Intel® Xeon® Scalable processors.

In June 2023, IBM expanded its long-standing partnership with Adobe to help brands successfully accelerate their content supply chains by deploying next-generation artificial intelligence, including Adobe Sensei GenAI services and Adobe Firefly (currently in beta), Adobe's family of creative AI models.

The Generative AI in Logistics Market Segmentation:

By Type

• • Predictive Analytics
  • Prescriptive Analytics
  • Cognitive Computing

By Component

• • Software
  • Hardware
  • Services

By Deployment Mode

• • On-Premises
  • Cloud-based

By Application

• • Route Optimization
  • Inventory Management
  • Warehouse Management
  • Supply Chain Analytics
  • Last-Mile Delivery Optimization

For this report, AkVis Intelligence has segmented the Generative AI in Logistics Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

 North America

• • The U.S.
  • Canada
  • Mexico

Eastern Europe

• • Russia
  • Bulgaria
  • The Czech Republic
  • Hungary
  • Poland
  • Romania
  • Rest of Eastern Europe

Western Europe

• • Germany
  • UK
  • France
  • Netherlands
  • Italy
  • Spain
  • Rest of Western Europe

Asia Pacific

• • China
  • India
  • Japan
  • Singapore
  • Australia
  • New-Zealand
  • Rest of APAC

Middle East & Africa

• • Turkey
  • Saudi Arabia
  • Qatar
  • UAE
  • Israel
  • South Africa

South America

• • Brazil
  • Argentina
  • Rest of SA