Press release
America's AI in the Retail Market Shares SWOT Analysis, Key Development Strategies and Forecasts Till 2026
The America's AI in the Retail Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the America's AI in the Retail market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the America's AI in the Retail market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the America's AI in the Retail market.America's AI in the retail market is expected to register a CAGR of 30% during the forecast period, 2021 - 2026.
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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.
Food and Grocery to Augment Significant Growth
- AI in the food and grocery retail market helps in the pricing and promotion of the products in the store. For instance, Harps Foods in Springdale, Ark., has been working with Daisy Intelligence, to improve pricing and promotions in its circular. Daisy analyzed two years of transactional information and pricing from Harps, with the goal of growing the retailer’s sales by 3%.
- Many foods and grocery retailers in the region have deployed AI-based solutions to optimize its supply chain operations and inventory. AI is helping the retailers in maintaining and managing their customers and understanding the buying patterns of them. AI technologies are adopted by both online and offline retail businesses to engage customers and improve sales turnover. For instance, Fresh Thyme, a grocery retailer in the region, adopted the technology for its 75 retail locations uses AI to fix the fresh supply chain of foods.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- America's AI in the Retail Market Size & Analysis (2016 - 2026)
- Market Share Analysis of America's AI in the Retail Market (%),2016 - 2026
- America's AI in the Retail Market Share, By Brand
- America's AI in the Retail Market Share, By Company
- America's AI in the Retail Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies America's AI in the Retail Market Value Analysis & Forecast
- Promising America's AI in the Retail Development by Major Companies
- Detailed America's AI in the Retail Portfolio of the Major Companies
- Major Deals in the America's AI in the Retail Market
- Major Companies Analysis
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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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