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Artificial Intelligence in Retail Market 2018 Competitive Analysis and Forecasts by Key Players- Holdings Limited, Manthan Software Services Pvt. Ltd, Focal Systems Inc, Microsoft Corporation

04-26-2018 06:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
The Insight Partners

The Insight Partners

World Artificial Intelligence in Retail Market Report 2018-2025” is a professional and in-depth study on the current state of the Artificial Intelligence in Retail Market. This report studies Artificial Intelligence in Retail in Global market, especially North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).

Latest market study on “Artificial Intelligence in Retail to 2025 by Retail Format (E-Commerce and, Brick & Mortar), Technology (Chat-Bot, Recommendation Engine and Audio – Visual Analytics, and Others), Application (Sales & Marketing, Supply Chain & Logistics, Shelf Analytics, Pricing, In-Store Navigation, and Auto-Checkout) – Global Analysis and Forecast”, the artificial intelligence in retail market is estimated to reach US$ 27,238.6 million by 2025 from US$ 712.6 million in 2016. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

FREE | Request Sample is Available at http://www.theinsightpartners.com/sample/TIPTE100000703

Artificial intelligence in retail market by application is segmented into Sales & Marketing, Supply Chain & Logistics, Shelf Analytics, Pricing, In-Store Navigation, Auto-Checkouts, and others (staffing and product mix optimization). Customer experience and management segment is projected to acquire majority share in the market. Digital convergence in retail is considered to bring glowing opportunity for retailers to retail the customer and set themselves apart. In the coming few years, interaction with a variety of technologies such as bots is expected to reinvent the customer experience.

The transformation in the retail industry has been accelerated by advent of new competitors and the immense global digital transformation in past few years. In past two year, a large number of start-ups have come up in the artificial intelligence ecosystem that are also catering to the retail industry. This has resulted in dramatic increase in competition and relentless innovation. Some of the key startups disrupting the retail industry includes Focul Systems, DigitalBridge, MapD, Face Media, Maxerience, and Gofind.ai among others.

There has been constant development in retail industry with respect to artificial intelligence. Recently, Manthan launched its new Intelligent In-Store personalization for retailers. With this app the retailers can send personalized offers and notifications to customers during their shopping time to meet their requirements. Also, the company developed a mobile application best suitable for retail industry, Engage247. The application facilitates in increasing day to day access to critical metrics such as sales metrics, purchase trends, and walk in shopper preference. It also helps in better decision making by evaluating daily, weekly and monthly reports, resulting in optimizing customer experience.

Some of the leading artificial intelligence in retail market players are Sentient Technologies Holdings Limited, Manthan Software Services Pvt. Ltd, Focal Systems Inc, Microsoft Corporation, ViSenze, Tata Consultancy Services Limited, Salesforce.com, Inc., Plexure Ltd., Google,Inc, and IBM Watson Group, among others.

The report segments the global Artificial Intelligence in Retail market as follows:

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Global Artificial Intelligence in Retail Market – By Retail Format

E-commerce

Brick ‘n’ Mortar

Global Artificial Intelligence in Retail Market – By Technology

Chat-Bot

Recommendation Engine

Audio – Visual Search Analytics

Others

Global Artificial Intelligence in Retail Market – By Application

Sales & Marketing

Supply Chain & Logistics

Customer Experience & Management

Shelf Analytics

Pricing

In-Store Navigation

Auto-Checkout

Others

Global Artificial Intelligence in Retail Market – By Geography

North America

U.S.

Canada

Mexico

Europe

France

Germany

Italy

Spain

U.K.

Rest of Europe

Asia Pacific (APAC)

Japan

China

India

Australia

Rest of APAC



Middle East & Africa (MEA)

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

South America (SA)

Brazil

Rest of SA

Complete Report is Available at http://www.theinsightpartners.com/reports/artificial-intelligence-in-retail-market

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

Contact Us:

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Amanora Chambers, East Block, Amanora Township,
Kharadi Road, Hadapsar, Pune-411028

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