BANGALORE, India, July 15, 2024 /PRNewswire/ — Artificial intelligence (AI) in Supply Chain and Logistics Market is Segmented by Type (Artificial neural networks, Machine Learning), by Application (Inventory control and planning, Transportation network design, Purchasing and supply management, Demand planning and forecasting): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Artificial intelligence (AI) in Supply Chain and Logistics Market was valued at USD 1713 Million in 2023 and is anticipated to reach USD 3377.2 Million by 2030, witnessing a CAGR of 10.1% during the forecast period 2024-2030.
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Major Factors Driving the Growth of AI in Supply Chain and Logistics Market: 
The market for supply chain and logistics artificial intelligence (AI) is expanding quickly due to the growing demand for operational efficiency and cost reduction. Artificial Intelligence (AI) technology, including robots, machine learning, and predictive analytics, are transforming supply chain operations through improved demand forecasting, inventory management, and decision-making skills. Businesses are using AI to lower operational risks, increase consumer happiness, and obtain real-time insights. Innovations in cloud computing, big data, and IoT are driving this market rise by facilitating real-time data exchange and seamless integration among supply chain networks. Because of this, the application of AI in supply chain and logistics has the potential to revolutionize current paradigms and greatly increase productivity and competitiveness.
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TRENDS INFLUENCING THE GROWTH OF THE AI IN SUPPLY CHAIN AND LOGISTICS MARKET:
Demand planning and forecasting are undergoing a revolution thanks to machine learning algorithms, which analyze enormous datasets to find trends and make very accurate predictions about future demand. Numerous elements are taken into account by these algorithms, including past sales data, market patterns, seasonal variations, and outside variables like economic indicators. Machine learning helps organizations optimize inventory levels, minimize stockouts and overstock situations, and improve production planning by offering accurate demand projections. This promotes the acceptance and expansion of AI in the supply chain and logistics industry by resulting in more effective supply chain operations, cost savings, and increased customer satisfaction.
Because artificial neural networks (ANNs) can interpret complicated and nonlinear relationships inside data, they are a key factor in the evolution of AI in supply chain and logistics. Because they can learn from past data and constantly improve their accuracy, artificial neural networks (ANNs) are excellent at jobs like demand forecasting, route optimization, and anomaly detection. Their capacity to manage substantial information and provide instantaneous insights enables organizations to promptly arrive at well-informed judgments. In the supply chain and logistics industry, the application of ANNs promotes the wider use of AI technologies by increasing operating efficiency, lowering costs, and improving service standards.
Advanced algorithms are used by AI-driven inventory control and planning systems to optimize stock levels and expedite inventory management procedures. To manage ideal inventory levels, these systems evaluate data from a variety of sources, such as lead times, supplier performance, and sales patterns. AI decreases excess inventory, lowers carrying costs, and avoids stockouts by ensuring that the appropriate quantity of stock is accessible at the correct time. The supply chain and logistics industry is seeing a surge in the usage of artificial intelligence (AI) due to the effective inventory management that lowers operating costs and improves supply chain responsiveness.
AI provides data-driven insights and predictive analytics to improve supply chain and logistics decision-making processes. Large-scale data is analyzed by machine learning algorithms in order to spot trends, predict demand, and improve inventory control. Businesses may use AI to make well-informed decisions that lower costs, increase productivity, and improve customer happiness. Predictive analytics minimizes stockouts, reduces surplus inventory, and helps predict swings in demand. This results in more effective supply chain operations, which in turn propels the market for AI-enabled logistics and supply chains to rise.
Automation powered by AI greatly increases productivity and efficiency in supply chain management. Autonomous cars and robotic process automation (RPA) eliminate human error, expedite operations, and simplify repetitive jobs. For example, AI-driven sorting systems and self-governing warehouses facilitate expedited and more precise order fulfillment. The performance of the supply chain as a whole is improved by the greater efficiency, which also results in cost savings and faster reaction times. The increasing use of AI technology in supply chain and logistics is fueling industry development as companies aim for increased efficiency.
Significant cost savings in supply chain and logistics operations are made possible by AI technology. Predictive analytics and automation maximize resource use, cut down on waste, and save operating costs. For instance, production plans may be more accurately aligned with real demand thanks to AI-driven demand forecasting, which also lowers the cost of retaining extra inventory. AI-enabled route optimization for transportation also reduces the amount of fuel used and the cost of transportation. The cost-saving potential of AI in supply chain and logistics becomes an attractive driver for adoption, driving market growth, as businesses want to enhance their bottom line.
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AI IN SUPPLY CHAIN AND LOGISTICS MARKET SHARE ANALYSIS:
Large expenditures in AI research and development, together with early adoption of cutting-edge technologies, are driving the AI supply chain and logistics market in North America. The fast integration of AI solutions in supply chain management is facilitated by the existence of both cutting-edge startups and large IT businesses. The adoption of AI is fueled by the region’s strong focus on increasing operational efficiency, cutting costs, and improving customer experience.
Furthermore, the deployment of AI-driven systems is facilitated by the reliable internet access and well-established infrastructure. The market for artificial intelligence in supply chain and logistics in North America is expected to develop significantly as companies strive to maintain their competitiveness and satisfy the increasing need for quicker and more dependable services.
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CHICAGO, July 15, 2024 /PRNewswire/ — The border security market is projected to reach USD 34.4 billion by 2029, from USD 26.8 billion in 2024, at a CAGR of 5.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. The market growth can be attributed to the rising geopolitical instability and growing adoption of new technologies for border security. The border security market includes major players Lockheed Martin Corporation (US), General Dynamics Corporation (US), Northrop Grumman (US), BAE Systems (UK), and Thales (France). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Middle East.

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Browse in-depth TOC on “Border Security Market” 253 – Tables84 – Figures302 – Pages
Border Security Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 26.8 billion
Estimated Value by 2029
$ 34.4 billion
Growth Rate
Poised to grow at a CAGR of 5.1%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Domain, Vertical, System, Installation & Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High Cost of R&D and requirement of critical infrastructure for testing border security systems
Key Market Opportunities
Infrastructure modernization of border security systems
Key Market Drivers
Public safety concerns near border areas
Based on system, the surveillance system segment is estimated to lead the market during the forecast period.
The surveillance system segment of the border security market is expected to lead due to the increasing need for advanced monitoring solutions to address rising security threats. With advancements in technology, these systems offer enhanced capabilities such as real-time monitoring, and improved accuracy. Governments and border control agencies are investing heavily in these systems to ensure comprehensive security, efficient threat detection, and rapid response, making surveillance systems a critical component of modern border security infrastructure.
Based on Installation, the upgradation segment is forecasted to be the fastest growing segment during the forecast period.
Based on installation, the market is segmented into new installation and upgradation. Upgradations in border security are expected to grow significantly as nations respond to emerging threats and technological advancements. With the increasing sophistication of criminal and terrorist activities, traditional border security measures are becoming insufficient, prompting the need for enhanced and modernized systems. Upgrades such as the integration of advanced surveillance technologies, including drones, high-resolution cameras, and thermal imaging, provide more comprehensive monitoring and detection capabilities.
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The North America region is estimated to lead the market in 2024.
The border security industry is expected to be dominated by North America, with a projected market share of 58.5% in 2024. This is caused by a number of important elements, including as the geopolitical environment, the economic potential of the North American nations, and the existence of numerous significant players in the area.
Strong security measures are required since North America, and especially the United States, has a large area of land and sea boundaries. The region has made significant expenditures in advanced border security technologies as a result of its focus on stopping drug trafficking, illegal immigration, and possible terrorist activity. Furthermore, the financial resources of North American nations enable the widespread acquisition and implementation of advanced security measures. The defense and security budgets of the governments in this region are substantial, allowing them to invest in state-of-the-art technologies such as unmanned aerial vehicles, biometrics, and surveillance systems.
Key Players
The major players in border security companies include Lockheed Martin Corporation (US), General Dynamics Corporation (US), Northrop Grumman (US), BAE Systems (UK), Thales (France), RTX Corporation (US), Leonardo S.p.A. (Italy), Elbit Systems Ltd. (Israel), L3Harris Technologies, Inc. (US) and Israel Aerospace Industries (Israel).
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PausePoint, a new mindfulness and wellbeing app designed to help professionals reclaim time, launches officially.
FORT MYERS, Fla., July 15, 2024 /PRNewswire/ — PausePoint is dedicated to seamlessly integrating mindfulness and well-being into daily life, providing users with the means to intentionally schedule breaks into their days.

Committed to helping modern workers avoid burnout and boost productivity, Pause Point integrates directly into daily calendars that often drive the rhythm and intensity of the modern workday. PausePoint serves as an integrated prompt that ensures that mental health is scheduled in the flow of scheduled 
Recognizing the challenges of maintaining balance amidst busy schedules, PausePoint is designed to smartly sync with your calendar, empowering individuals to rejuvenate and refocus with ease.
Making mindfulness an effortless part of everyday life, PausePoint allows users to select their desired break durations from options of 5, 10, or 15 minutes, and choose the frequency of these breaks, whether once or twice daily, from Monday to Friday.
Felisa Wiley, Founder and CEO at PausePoint noticed the need for intentional break scheduling during a wellness workshop during a company event: “The insistence on discussing the need for breaks, rather than directly integrating them into the day’s schedule, led me to envision a solution that could seamlessly incorporate mindfulness into our calendars. This moment of insight laid the groundwork for PausePoint, bridging the gap between the need for wellness and the potential for technology to facilitate it effortlessly.”
PausePoint Basic is available at zero cost to the user, and organizes bi-weekly breaks into your calendar free of charge. PausePoint Premium offers users monthly break planning, alongside exclusive features such as weekly well-being tracking, participation in mindfulness challenges, a referral program, and upcoming features such as multi-calendar integration and a community forum.
PausePoint follows in the steps of meditation and mindfulness apps such as Calm, Headspace, and Insight Timer, but with a focus on intentional break scheduling as a means to reclaim energy, time, and independence.
About PausePoint
PausePoint is on a mission to empower individuals to rejuvenate and refocus with ease, making mindfulness an effortless part of their day. PausePoint intelligently syncs with your calendar to identify optimal times for mindfulness breaks. Learn more at www.pausepoint.io
For media inquiries, please contact Matthew Workman: [email protected]

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