Press release
An Extensive Report On Global Artificial Intelligence in Retail Market Analysis By Key Players – AWS, Baidu, Google, Intel, Microsoft, IBM, Salesforce, Interactions, Lexalytics, NEXT, Nvidia, Oracle, RetailNext, SAP, Sentient and Visenze.
In recent times, artificial intelligence (AI) has become more frequent in everyday life, and adoption is increasing in several areas, including digital assistance and autonomous vehicles. Artificial intelligence has attracted a lot of attention in the retail sector, with brands and companies that quickly adopt this technology, realizing the benefits of automating their operations. Artificial intelligence has brought positive changes in the retail sector by improving overall functional and operational efficiency. The technology allows retailers to manage key issues related to knowledge retention, fraud detection and easier access to data. Through human-based decision-making processes, artificial intelligence provides important benefits to buyers and sellers in the retail sector.
Global Artificial Intelligence in Retail Market Size
According to our report, The Global Artificial Intelligence in Retail Market was Valued 983.4 million USD in 2017 and this value predicted to reach 4987 million USD by 2022 growing at a significant CAGR of 37.8% during 2017 to 2022.
Get Sample Brochure of the Report @ https://www.researchcosmos.com/request/global-artificial-intelligence-in-retail-market-analysis-and/5027844
Drivers and restrictions:
The growth of the market is attributed to the growth of the mobile commerce sector and the emergence of several start-ups in the retail sector. Advances in computer vision technology are also driving the growth of the artificial intelligence market in retail. The evolution of consumer demand and the development of new business models in the retail sector also favor artificial intelligence in the growth of the retail market. The gap between online and offline retailers continues to fade as organizations constantly evolve to meet the growing needs of customers. As new business models thrive in the online space, offline retailers also take advantage of their distribution channels to market products, process their purchases, transmit information to better serve consumers and develop the next frontier. However, the lack of public-private partnerships in the retail sector is directly hampering market growth. In addition, the privacy issues associated with the use of AI are the main limitations of artificial intelligence in the retail market.
Geographical segmentation:
Based on geography, artificial intelligence in retail has been divided into different areas, such as Europe, Asia-Pacific, Latin America, the Middle East and Africa and North America. North America is expected to grow rapidly with the increasing adoption of AI technology and growing awareness among merchants in the countries like Canada and the USA. Europe and the Asia Pacific are also expected to witness rapid growth in the coming years, along with North America.
AWS, Baidu, Google, Intel, Microsoft, IBM, Salesforce, Interactions, Lexalytics, NEXT, Nvidia, Oracle, RetailNext, SAP, Sentient and Visenze are among the main providers of artificial intelligence.
Browse report brief and TOC @ https://www.researchcosmos.com/reports/global-artificial-intelligence-in-retail-market-analysis-and-forecast-to-2022-growth-opportunity-a/5027844
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Inquire Before Buying @ https://www.researchcosmos.com/inquire/global-artificial-intelligence-in-retail-market-analysis-and/5027844
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
kevin@researchcosmos.com
+1 888 709 8757
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