Artificial Intelligence in Retail Market 2022 Growth Outlook - Amazon Web Services Inc., Style.ai, Google LLC, Daisy Intelligence, IBM Corporation, Microsoft Corporation

The Artificial Intelligence in 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.

The Artificial Intelligence in Retail Market was valued at USD 1.80 billion in 2020 and is expected to reach USD 10.90 billion by 2026, at a CAGR of 35% over the forecast period 2021 - 2026.

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Top Leading Companies of Artificial Intelligence in Retail Market are Amazon Web Services Inc., Style.ai, Google LLC, Daisy Intelligence, IBM Corporation, Microsoft Corporation, Plexure Ltd, Versium Analytics Inc., Findmine Inc., SAP  SE, Salesforce.com Inc., Conversica Inc., BloomReach Inc., Sentient Technologies Holdings Limited, Focal Systems Inc., ViSenze Pte Ltd and others.

Industry News and Updates

May 2019 - SAP SE announced a series of innovations to SAP S/4HANA to make it easier to add artificial intelligence (AI) and robotics and to customize apps. This will help companies improve business results, automate business processes, and make accurate predictions for better decisions.

- April 2019 - Amazon Web Services Inc. allows developers to create applications that speak in Arabic and build speech-enabled products and services, including cars, internet of things devices, appliances, automated contact centers, language learning platforms, translation apps, and newsreaders. The artificial intelligence-powered Polly uses deep-learning technologies to synthesize speech that sounds like a human voice.

Key Market Trends

North America Accounts for the Largest Share

- North America is expected to dominate the market with the largest market share mainly because of the presence of several developed economies, such as the United States and Canada, focusing on enhancing the existing solutions in the retail space. North America hosts the primary AI solution providers and is an early adopter of AI technology.

- Many retailers in this region have deployed AI-based solutions to optimize their supply chain operations and inventory. AI is helping the retailers in managing and maintaining their customers and understanding the buying patterns of the consumers. To engage customers and improve sales turnover, AI technologies are being adopted by both online and offline retail businesses.

- Many US-based companies like NVIDIA Corporation, Intel Corporation, Salesforce, Sentient Technologies, Microsoft Corporation, Google Inc., IBM Corporation, Amazon Web Services, are extensively involving themselves in the product innovation and optimization.

Regional Outlook of Artificial Intelligence in Retail Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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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 Artificial Intelligence in 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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