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AI In Retail And E-Commerce System Market Report 2017: Rising Impressive Business Opportunities Analysis Forecast By 2025 - Top Key Players IBM, SAP, Microsoft, AWS, SAS, JDA Software, Salesforce, Symphony RetailAI and Others
Kenneth Research has evaluated the current market opportunities in ‘AI in Retail and E-Commerce Market’ for the period of 2017-2025 including the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players along with worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa has been provided in the report.Globally, the retail industry has become more competitive than ever as customers have plenty of choices while buying any product. The retail sector has become much more diverse because every customer has different and customized needs, which makes it tough for retailers to target a group. AI is now being used by retailers to get real-time and in-depth insights to attract diverse shoppers.
The revolution of AI is changing the customer shopping experience. AI in retail offers several opportunities in the retail space, as retailers have massive customer data available with them.
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Retailers can now understand their customers better and provide personalized recommendations, which help in retaining the customers and open new revenue streams for retailers. Brick and mortar retailers are spending in AI-based solutions to understand their customers better and enhance their shopping experience. The e-commerce industry is using AI to focus on applications such as product recommendations, search analysis, analyzing consumer sentiments, and promotions.
Key Players: IBM, SAP, Microsoft, AWS, SAS, JDA Software, Salesforce, Symphony RetailAI, Visenze, and Infinite Analytics among many others.
Global AI in retail and e-commerce market is expected to grow at a CAGR of 42.8% during the forecast period 2019–2025 to reach revenue of 19.37 billion by 2025. Various retail and e-commerce companies are investing in digital technologies such as IoT, AI, and big data to stay ahead of the competition. AI-based solutions are being adopted by retail and e-commerce companies to enhance the performance and to achieve higher profits & business growth. These solutions are also used for critical decision making around sales and merchandising planning, pricing strategies, and product promotions.
Report deals with present fundamental actualities of AI In Retail And E-Commerce market which plays a vital role in boosting this market. In the conclusion of the study, a thorough assessment on the spirited backdrop of market is added. Prominent players along with their marketing strategy, key developments and business overview are mentioned in this report. The study also investigates the market in terms of volume and revenue.
Market Event Factors Analysis:
Market driver:
• Increasing market invasion of new technologies
• For a full detailed, view our report
Market challenge:
• Stringent regulatory challenges in AI In Retail And E-Commerce applications
• For a full detailed, view our report
Market trend:
• Rising demand for AI In Retail And E-Commerce in the market
• For a full detailed, view our report
The report additionally wraps the boosters responsible for the growth of this market. It also adds the restrainers that can hamper the growth of this market. Further, report discusses on the lucrative opportunities that can show growth in the market during the forecast period. The thorough segmentation of the AI in Retail and E-Commerce market is also included as the subsequent part of this market research study.
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About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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