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The Cognitive Supply Chain Market size was valued at USD 7.5 billion in 2022 and is anticipated to register a CAGR of over 16% between 2023 and 2032. The booming e-commerce industry with its increasing supply chain demands is fuelling the market growth. Companies across industries recognize the need for real-time visibility, data-driven insights, and agile decision-making in volatile environments. The COVID-19 pandemic highlighted the need for investments in predictive analytics, demand forecasting, and adaptive inventory management to enhance resilience and ensure consistent customer service. The high cost associated with developing and deploying cognitive supply chain solutions presents a significant challenge.
