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Software suppliers for automotive logistics are progressively integrating AI and ML functionalities to enhance decision-making, optimize route planning, forecast demand, and mechanize monotonous activities. Improved visibility, efficiency, and cost reductions are made possible by these technologies in logistics operations.
For instance, in January 2023, Ceres Technology partnered with Boomi Technology. Through a specially designed Boomi connector, Nostradamus software from Ceres Technologies enhances Boomi solutions, enabling quick and simple integration of Nostradamus into its clients' current supply chain systems. Through the collaboration, Ceres has enhanced the partner ecosystem's services by providing enterprises aiming to optimize their logistics network with AI-driven supply chain risk management.
Moreover, predictive analytics and demand forecasting methods are being used by automotive logistics software to forecast future demand, optimize inventory levels, and enhance resource allocation. Businesses can make well-informed decisions and take proactive measures to address supply chain difficulties by examining historical data and industry patterns.
The market size of automotive logistics management software reached USD 7.8 billion in 2023 and is set to witness over 6.3% CAGR between 2024 and 2032, led by the increasing automobile manufacturing.
The cloud segment in the automotive logistics management software industry is expected to hold over 63% share in 2023, as automotive companies swiftly scale up or down in response to changing demand and business requirements.
North America market recorded over 32% share in 2023, attributed to technological innovation where automotive businesses are looking for innovative logistics management software.
SAP SE, Oracle Corporation, Blue Yonder, Bosch Service Solutions GmbH, Ceres Technology Inc., Infor Corporation, Kinaxis, inc., Manhattan Associates, Inc, and Basware Oy