Artificial Intelligence in Retail Market Recent Research Report: Demand, Competition from Opponents, Opportunities, Dynamics, Challenge and Risk and Forecast to 2023

Global Artificial Intelligence in Retail Market Research Report 2023,” provides an in-depth analysis, focusing on the prime opportunities and trends in the market. In recent times, artificial intelligence (AI) has become more prevalent in everyday life, as its adoption has been increasing in several areas, including digital assistance and autonomous vehicles. Artificial intelligence has gained huge interest of retail sector as brands and companies have rapidly started adopting this technology, realizing the benefits of automating their operations. Artificial intelligence has brought positive shift in the retail sector by improving the overall functional and operational efficiency.

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The global Artificial Intelligence in retail market size is expected to grow from USD 993.6 million in 2017 to USD 5,034.0 million by 2022, at a Compound Annual Growth Rate (CAGR) of +37% during the forecast period.

The Top Key Players:

IBM (US), Microsoft (US), Amazon Web Services (US), Oracle (US), SAP (Germany), Intel (US), NVIDIA (US), Google (US), Sentient technologies (US), Salesforce (US), and ViSenze (Singapore). Other stakeholders of the AI in retail market include vendors, research organizations, network and system integrators, AI in retail managed service providers, Business Intelligence (BI) solution providers, marketing analytics executives, third-party providers, and technology providers.

Increasing necessity for superior surveillance and monitoring at a physical store, growing awareness and application of AI in the retail industry, enhanced user-experience, improved productivity, Return on Investment, mainlining inventory accuracy, and supply chain optimization are some of the key factors fueling the growth of this market.

The major factor driving the demand for artificial intelligence in retail market sector has been the rapid emergence of e-commerce worldwide. This has been encouraging the companies to offer enhanced customer experience. Retailers are reaching out to their customers at personal level, while engaging with them through deeper interactions and enhancing their brand value. Personalized online shopping, demand for greater digital customer experience, optimization of the supply chain, and improvement in inventory management are some of the factors driving the global artificial intelligence market in retail.

North America is expected to hold the largest market share and dominate the Artificial Intelligence in Retail market during the forecast period. The regional analysis has been done to precisely formulate data of the geographical sectors such as Japan, China, North America, Europe, Southeast Asia, and India to understand super markets and hyper markets, on-trade, independent retailers, and convenience stores. The report also provides a segmented analysis of production rates further segregated under volume and value, along with the sale pricings.

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Table of Content:

Artificial Intelligence in Retail Market Research Report 2018-2023

Chapter 1: Artificial Intelligence in Retail Market Overview

Chapter 2: Global Economic Impact on Industry

Chapter 3: Market Competition by Manufacturers

Chapter 4: Production, Revenue (Value) by Region

Chapter 5: Supply (Production), Consumption, Export, Import by Regions

Chapter 6: Production, Revenue (Value), Price Trend by Type

Chapter 7: Artificial Intelligence in Retail Market Analysis by Application

Chapter 8: Manufacturing Cost Analysis

Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

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About Company:
We at IT Intelligence Markets conduct intensive market research and generate detailed reports about the products and services offered in the IT domain. Our team is devoted to providing custom reports that are taylor-made to suit the customer’s requirements. We make sure to keep our customers updated with the latest market dynamics as IT industry is undergoing sea change intrinsically & extrinsically by forces such as regulatory fluctuations, rapidly evolving consumer preferences, and newer technologies. Not only do our market research analysts scrutinize market requirements but also track competitors relentlessly for obtaining the most updated scenario of the market.

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