Press release
America's AI in the Retail Market 2021 Business Scenario - Amazon Web Services Inc., Microsoft Corporation, SAP SE, Google LLC, IBM Corporation
The America's AI in the Retail Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.America's AI in the retail market is expected to register a CAGR of 30% during the forecast period, 2020-2025.
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Top Leading Companies of America's AI in the Retail Market are Amazon Web Services Inc., Microsoft Corporation, SAP SE, Google LLC, IBM Corporation, Salesforce.com Inc., Oracle Corporation, ViSenze Pte Ltd, Sentient Technologies Holdings Limited, Sophos Inc. (Thoma Bravo) and others.
Industry News and Updates
- March 2020 - Amazon.com Inc. announced a new business line to sell its proprietary technology behind its cashier-less convenience stores to other retailers. The highly anticipated business further underscores Amazon’s strategy of building internal capabilities like warehouses to help with package delivery and cloud technology to support its website - and then turning these into service offerings for others.
- January 2020 - SAS has enhanced its intelligent planning suite with AI and cloud agility to help companies localize assortments, optimize inventory, automate forecasting, and maximize profits. Leading companies, such as Carrefour and Nestle, rely on analytics leader SAS, and its proven portfolio of software and services to succeed despite fierce competition.
- December 2019 - The AWS Partner Network introduced the AWS Retail Competency that is expected to help retailers find top APN Partners with highly specialized solutions and consulting practices powered and vetted by AWS. The AWS Retail Competency validates industry leaders with proven customer success and technical proficiency in services, like artificial intelligence (AI), machine learning (ML), voice, Internet of Things (IoT), visual recognition, robotics, and more.
Key Market Trends
Machine Learning Technology is Expected to Grow Siginificantly
- Machine learning is one of the key technologies that is expected to create value for retailers as more and more businesses take advantage of Big Data. Retail companies are using advanced analytics to get insights into consumers buying behavior. Additionally, it also helps retailers in merchandise planning and size optimization.
- Moreover, AI is revolutionizing shopping experiences by making them more personalized, efficient, fruitful, and relevant. Amazon introduced the Amazon 4-star retail store that will showcase 4-star products rated based on its product recommendation engine that identifies trending products and customer's favorites.
- According to IBM, 62% (global) of retailers reported that the use of information (Big Data and analytics) is providing an edge for their organizations. Such non-relational databases are ideal for real-time applications that generate huge amounts of data, making them suitable for deploying machine learning algorithms.
- The US-based Prism Skylabs offers solution for retail outlets, that use the data from their existing surveillance cameras and use predictive analytics to enhance merchandising, store design, and inventory management. Camera data feeds into an algorithm which can, for example, analyze how customers move around the space to help retailers optimize the layout of their store, ensuring the best chance of making sales. The tool is ideal for small and medium enterprises.
Regional Outlook of America's AI in the Retail Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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https://www.marketinsightsreports.com/reports/07202153559/america-s-ai-in-the-retail-market-growth-trends-and-forecast-2020-2025?Mode=PD
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The America's AI in the Retail Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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