openPR Logo
Press release

Artificial Intelligence (AI) in Retail Market: Key players are AWS, Baidu, BloomReach., CognitiveScale., Google, Inbenta Technologies

07-19-2018 09:59 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Artificial Intelligence (AI) in Retail Market: Key players

APAC AI in retail market is anticipated to grow at a CAGR of over 45% during the forecast period. The growth of the market is attributed to the growing investments in AI technology and increasing digitalization in the region. China is leading the investments and accounting for 17% of the global external investments in AI. Increasing investments by Chinese players also drive the AI in retail market growth in the region. For instance, Baidu has invested more than USD 1.5 billion in the AI research in the past two years, in addition to the USD 200 million investment by the company for the development of a new R&D facility.

Artificial Intelligence (AI) in Retail Market size is set to exceed USD 8 billion by 2024; according to a new research report by Global Market Insights, Inc. The AI in retail market is driven by the increasing investments in it across the globe. The growing investment in the technology is attributed to the wide applications of the AI technology along with advanced analytics, machine learning. AI is set to unleash the next phase of the digital disruption and the market participants are preparing themselves for it. The investment in the technology is growing rapidly, dominated by the tech giants such as Google, Microsoft, IBM, AWS, and Baidu.

Sample Copy of this Report @

In 2016, approximately USD 30 billion investment in the technology has been witnessed, with more than 90% on the R&D activities and remaining 10% on the merger & acquisition activities. Furthermore, private equity financing, seed investment, and venture capital investment also grew significantly amounting to a cumulative total of over USD 6 billion.

The technological advancement and the development of the advanced machine learning & deep learning algorithms are also the major driving forces for the AI in retail market. Machine learning is estimated to grow prominently at over 42% CAGR. The growth is driven by the increasing adoption of the technology by the retailers to provide enhanced customer experience and offer a personalized shopping experience to the customers.

The visual search solution market is assessed to grow at a CAGR of over 45% during the forecast timeline due to the increasing trend of online shopping and mobile commerce. The solution allows customers to search products using images instead of text or speech. It leverages the image recognition technology to analyze the image and recommend relevant products to improve the shopping experience of the customers. The demand for the solutions is estimated to grow significantly in the future due to the increasing popularity among the online retailers and shoppers.

Programmatic advertising is one of the most prominent applications of AI in retail market. As the competition among the retailers is increasing rapidly, companies are looking for new ways to gain customers by implementing advanced advertising strategies. The companies are focusing on “Precision Targeting” to deliver the right messages to the right audience to maximize the sales and reduce the advertising spend. Furthermore, the demand for the programmatic advertising is also driven by the increasing investments by the retailers on digital marketing.

Browse Full Report @

Some of the prominent vendors of the AI in retail market are AWS, Baidu, BloomReach., CognitiveScale., Google, Inbenta Technologies, Intel, Interactions, Lexalytics., Microsoft, NEXT IT., Nvidia, Oracle, RetailNext,, SAP, Sentient Technologies, and Visenze.

Partial Chapter of the Table of Content

Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope,
1.1.5. Definition
1.1.6. Methodology and research parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. AI in Retail industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Component trends
2.1.4. Solution trends
2.1.5. Service trends
2.1.6. Technology trends
2.1.7. Application trends
Chapter 3. AI in Retail Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2013-2024
3.4. Industry ecosystem analysis
3.5. Industry evolution
3.6. Market news
3.7. Technology & innovation landscape
3.7.1. Gesture recognition
3.7.2. Virtual mirrors
3.7.3. Chatbots
3.7.4. Video analytics
3.7.5. Robots
3.8. Regulatory landscape
3.8.1. Health Insurance Portability and Accountability Act (HIPAA)
3.8.2. Payment Card Industry Data Security Standard (PCI DSS)
3.8.3. North American Electric Reliability Corp. (NERC) Standards
3.8.4. Federal Information Security Management Act (FISMA)
3.8.5. The Gramma-Leach-Bliley Act (GLB) Act of 1999
3.8.6. Sarbanes-Oxley Act of 2002
3.8.7. General Data Protection Regulation (GDPR)
3.9. Use cases
3.9.1. Sales & CRM application
3.9.2. Customer recommendations
3.9.3. Logistics & delivery
3.9.4. Payment service
3.10. Industry impact forces
3.10.1. Growth drivers Growing investment in AI Increasingly empowered consumer Disruptive technologies Advent of new business models Advancement in data science
3.10.2. Industry pitfalls & challenges Limited public-private partnership to address social implications directly Privacy issues associated with the use of AI Growth potential analysis
3.11. Growth potential analysis
3.12. Porter's analysis
3.13. PESTEL analysis

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Artificial Intelligence (AI) in Retail Market: Key players are AWS, Baidu, BloomReach., CognitiveScale., Google, Inbenta Technologies here

News-ID: 1134641 • Views: 390

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases

More Releases for Industry

Global Trauma Product Industry
Global Trauma Product Industry Market Insights:  The Global Trauma Products market is expected to grow at a CAGR of 7.2% during 2017-2022. The products that are used for the physical injuries and wounds caused by the external sources are known as trauma products. Traumatic injuries sometimes lead to long term complications such as long-term disability, chronic pain and infections and so on. It includes the injuries causing severe damage to the body
Global Nutraceuticals Market By Application | Food Industry, Ink Industry, Medic …
Researchmoz added Most up-to-date research on "Global Nutraceuticals Market By Application | Food Industry, Ink Industry, Medicine Industry, Electronic Industry and Paint Industry" to its huge collection of research reports. This report studies Nutraceuticals in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers
Global Sport Jackets Industry
Global Sport Jackets Industry Latest Report on Sport Jackets Market Global Analysis & 2022 Forecast Research Study In this report, the global Sport Jackets market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Global Sport Jackets market competition by top manufacturers, with production, price, revenue (value) and market share for
Dish Washer Industry
In our aim to bring the best and complete information to our clients, we at Orbis Research present the 2017 Global Dish Washer Market market professional survey. The well curated survey by the leading research experts and domain knowledge professionals provides clients with the true picture of the Global Dish Washer Market. The survey is expected to push the understanding of the market and its trends for the clients and
Neurorehabilitation Devices Industry Drivers
Neurorehabilitation Devices Market: Snapshot The market for neurorehabilitation devices holds a lot of potential, analysts have found. Already well-established markets in North America and Europe, coupled with immense growth opportunities in the emerging economies of Asia Pacific and Latin America indicate the favorable pace at which the global neurorehabilitation devices market is likely to grow over the coming years. The introduction of wearable technology and robotics has been having a tremendous
Global Table Lamps Industry
In our aim to provide our erudite clients with the best research material with absolute in-depth information of the market, our new report on Global Table Lamps Market is confident in meeting their needs and expectations. The 2017 market research report on Global Table Lamps Market is an in-depth study and analysis of the market by our industry experts with unparalleled domain knowledge. The report will shed light on many