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Artificial Intelligence in Retail Market Analysis 2018 by Key Vendors (International Business Machines Corporation, Microsoft Corporation, ViSenze, Oracle and Others ) Trends explores Growth, 2025 Development Challenges and Opportunities For Global Region

06-01-2018 08:30 AM CET | IT, New Media & Software

Press release from: ReportsWeb

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ReportsWeb.com added, Artificial Intelligence in Retail Industry Report providing Global (United States, Europe, Japan, Germany, Brazil, China and Others) Market Landscape and its Growth Prospects over the coming years till 2025

Artificial Intelligence in Retail Market is a technology which collects data and processed by using algorithms and then gives a model through which they can get useful and worthy information which can later on be used for making customer related decisions, and store related such as operational decisions, logistics, more productivity etc. Major driver for this market is retailers can learn about the requirements and needs of the customer when they link the data with the actual productivity. It also depicts in creating strategies related to monitoring, productivity, better relationship with customer and many more.

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Artificial intelligence in retail market is estimated to be US$ 27,238.6 million by 2025 from US$ 712.6 million in 2016. The growth in market revenue is attributed to proliferating adoption of game changing technologies, growth in mobile market and emergence of various AI based start-ups catering to retail industry. Proliferation of enhanced technological awareness and varied product choices among the consumers have resulted into a noteworthy shift in global retail industry landscape. This has further foisted pressure on the traditional retailers to reimagine the strategies for creating and capturing value in order to explore the optimal usage of their assets. Public policy liberalization is also one of the key factors supporting the flow of knowledge, information and resources, further generating pressure on the brick ‘n’ mortar retailers to tackle with the lowered entry barriers to the online retailers in the market. 

Global Artificial Intelligence in Retail Market Players:

International Business Machines Corporation
Microsoft Corporation
ViSenze
Oracle
Amazon Web Services, Inc.
Intel Corporation
NVIDIA Corporation
Sentient Technologies Holdings Limited
Salesforce.com, Inc.
Google Inc.
The "Global Artificial Intelligence in Retail Market Analysis to 2025" is a specialized and in-depth study of the Artificial Intelligence in Retail industry with a focus on the global market trend. The report aims to provide an overview of global Artificial Intelligence in Retail market with detailed market segmentation by deployment type, retail type, technology, application and geography. The global Artificial Intelligence in Retail market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

Artificial intelligence in retail market by application is segmented into Sales & Marketing, Supply-chain & Logistics, Shelf Analytics, Pricing, In-Store Navigation, Auto-checkout and others (staffing and product mix optimization). Customer experience and management 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.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Artificial Intelligence in Retail market based on deployment type, retail type, technology and application. It also provides market size and forecast till 2025 for overall Artificial Intelligence in Retail market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.

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