DeepSpatial Inc. announced that it had secured a purchase order with a large global frozen-food conglomerate, headquartered in North America. Deepspatial will provide the frozen-food organization with its Geospatial Artificial Intelligence (Geo-AI) Platform to plan, optimize, and govern the client's distribution network while enhancing its decision-making capability for market expansion. The global frozen food market in 2021 was valued at USD 290 billion, with a CAGR of around 6.34% from 2022 to 2030.

An increase in the retail landscape, high demand for convenience food, and technological advancement in the frozen-food sector are the main driving factors for the ever-growing market. Despite the rapid growth of the market, many companies are still facing expansion challenges due to multiple factors. In several jurisdictions, lack of proper infrastructure often results in a failure to supply safe, frozen food products in a timely manner.

Frozen food usually has a long shelf-life, however, if not stored well (rapid change in temperatures), the product is wasted easily. Distribution remains a pain point for the frozen food sector and companies are looking for solutions to these challenges.