Press release
Artificial Intelligence in Retail Market to grow at 7.03% CAGR by 2022 | Global Key Players like IBM , Microsoft , Amazon Web Services, Oracle , SAP , Intel , NVIDIA , Google and Others.
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The Global Artificial Intelligence in Retail Market size is expected to grow from US$ 993.6 Million in 2017 to US$ 5,034.0 Million by 2022, ata Compound Annual Growth Rate (CAGR) of 38.3%. This report spread across 138 pages, profiling 11 companies and supported with 61 tables and 32 figures is now available in this research.
Top Vendors in the Artificial Intelligence in Retail Market include are IBM (US), Microsoft (US), Amazon Web Services (US), Oracle (US), SAP (Germany), Intel (US), NVIDIA (US), Google (US), Sentient technologies (US), Sales force (US), ViSenze (Singapore).
“Predictive merchandising application is expected to hold the largest market size during the forecast period”
The Predictive merchandising application has numerous added benefits resulting in one of the highest rated application in the retail industry. It is also known as personalized product recommendations or automated merchandising. This application is beneficial for both e Commerce and stores for optimizing purchase, provide allocation, and product assortment.
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“North America is expected to have the largest market size during the forecast period”
Among Regions, North America is the highest contributor in the adoption and implementation of Artificial Intelligence in retail. The region, including the US and Canada, has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. In the present-day situation, diverse organizations in the retail and e Commerce in North America are extensively implementing AI solutions. Moreover, many retailers in the region are technically advanced and are evolving to increase revenue and sales at the same time to decrease operational expenses.
Breakdown of Primary Participants’ Profile:
• By Company: Tier 1:18%, Tier 2: 48%, and Tier 3:34%
• By Designation: C-level: 22%, Director level:43%, and Others:35%
• By Region: North America: 23%, Europe:48%, APAC:16%,andMEA: 13%
Report Highlights:
The Main Objective of the report is to define, describe, and forecast the global Artificial Intelligence in retail market on the basis of types (online and offline), technologies, solutions, services, deployment modes, applications, and regions. The report provides detailed information regarding the major factors influencing the growth of the AI in retail market (drivers, restraints, opportunities, and industry-specific challenges). The report aims to strategically analyze micro markets with respect to individual growth trends, future prospects, and contributions to the total market. The report attempts to forecast the market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
Target Audience for Artificial Intelligence in Retail Market: Artificial Intelligence in retail solutions, platforms, and service providers, Research organizations and consulting companies, Information security directors/managers, Government organizations, Consultants/advisory firms, Managed service providers, AI system providers, Venture capitalists, private equity firms, and startup companies, AI in retail application builders.
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List of Tables
Table 1 Currency Exchange Rate
Table 2 Artificial Intelligence in Retail Market Size, By Type, 2015–2022 (USD Million)
Table 3 Online: AI in Retail Market Size, By Region, 2015–2022 (USD Million)
Table 4 Offline: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Artificial Intelligence in Retail Market Size, By Technology, 2015–2022 (USD Million)
Table 6 Machine Learning and Deep Learning: AI in Retail Market Size, By Region, 2015–2022 (USD Million)
Table 7 Natural Language Processing: Market Size, By Region, 2015–2022 (USD Million)
Table 8 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 9 Artificial Intelligence in Retail Market Size, By Solution, 2015–2022 (USD Million)
Table 10 Product Recommendation and Planning: Market Size, By Region, 2015–2022 (USD Million)
….and More
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