Press release
Massive Growth for Artificial Intelligence in Retail Market by 2019-2025 with Profiling Key Players Amazon,Google LLC,IBM,Intel,Microsoft
Artificial Intelligence in Retail Market
According to this latest publication from Meticulous Research, the global artificial intelligence in the retail market is expected to grow at a CAGR of 35.9% from 2019 to reach $15.3 billion by 2025. Substantial growth in the global artificial intelligence in retail market is mainly attributed to the advancements in big data for the retail sector, rapid adoption of advanced technology across retail chains, and increasing adoption of the multi-channel or omnichannel retailing strategy.
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The growing number of smart devices, proliferation of internet, enhanced end-user experience, and rising adoption of AI-powered voice-enabled devices to bridge the gap between online and offline retailing are contributing to the market growth. Furthermore, efforts from retail industry to attract more customers, enhance business visibility, and to build customer loyalty are also encouraging the demand for artificial intelligence; therefore, complimenting the overall growth of artificial intelligence in retail market. However, lack of infrastructure coupled with the high cost of procurement is expected to restrain the consistent growth of the overall artificial intelligence in retail market during the forecast period.
The global artificial intelligence in retail market study presents historical market data in terms of values (2017 & 2018), estimated current data (2019), and forecasts for 2025-by product offering (solutions (chatbot, customer behavior tracking, customer relationship management, inventory management, price optimization, recommendation engines, supply chain management, visual search, others) and services (managed, professional)), application (predictive merchandising, programmatic advertising, market forecasting, in-store visual monitoring & surveillance, location-based marketing, others), technology (machine learning, natural language processing, computer vision), end user (e-commerce (online market place, fashion & clothing, food & groceries, electronics & white goods, health & wellness), and direct retail (brick & mortar stores, supermarkets & hypermarkets, specialty stores)), and by deployment mode (cloud, on-premise). The study also evaluates industry competitors and analyzes the market at a country level.
Check complete table of contents with list of table and figures:https://www.meticulousresearch.com/product/artificial-intelligence-in-retail-market-4979/
Scope of the Report:
AI in Retail Market by Product
Solutions
Chatbot
Customer Behavior Tracking
Customer Relationship Management (CRM)
Inventory Management
Price Optimization
Recommendation Engines
Supply Chain Management
Visual Search
Services
Managed services
Professional services
AI in Retail Market by Application
Predictive Merchandising
Programmatic Advertising
Market Forecasting
In-Store Visual Monitoring and Surveillance
Location-Based Marketing
AI in Retail Market by Technology
Machine Learning
Natural Language Processing (NLP)
Computer Vision
AI in Retail Market by End User
E-commerce
Online Market Place
Fashion & Clothing
Food & Groceries
Electronics & White Goods
Health & Wellness
Direct Retail
Brick & Mortar Stores
Supermarkets & Hypermarkets
Specialty Stores
AI in Retail Market by Deployment Mode
Cloud
On-Premises
AI in Retail Market by Geography:
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Latin America
Middle East & Africa
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Key Players:
The major players operating in the global artificial intelligence in retail market are Amazon.com, Inc. (U.S.), Google LLC (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (GERMANY), Salesforce.com, Inc. (U.S.), and BloomReach, Inc. (U.S.), among others.
Key questions answered in the report-
1. What was the historical market growth for artificial intelligence technologies in retail across the globe?
2. Which are the high growth market segments in terms of product offering, application type, learning technology, retail type, deployment type, and countries?
3. What are the market forecasts and estimates for the period 2019-2025?
4. What are the major drivers, restraints, opportunities, and challenges in the global artificial intelligence in the retail market?
5. How is the competitive landscape in the global artificial intelligence in retail market?
6. Who are the major players in the global artificial intelligence in retail market?
7. What are the recent developments in global artificial intelligence in retail market?
8. What are the different strategies adopted by the major players in the global artificial intelligence in retail market?
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Meticulous Research
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Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
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