AI-Enabled E-Commerce Solutions Market | Size, Share and Scope Analysis to 2031

The newly published report titled "Global AI-Enabled E-Commerce Solutions Market- By Trends, Industry Competition/Company Profiles Analysis, Revenue (US$ Billions) and Forecast Till 2030." features in-depth industry analysis and an extensive market study, exploring its significant factors.

According to InsightAce Analytic's latest market intelligence research report, the global AI-Enabled E-Commerce Solutions Market size was valued at US$ 3.71 Billion in 2021, and it is expected to reach US$ 16.8 Billion in 2030, record a promising CAGR of 15.7% from 2021 to 2030.

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With ML and A.I. technologies, software development can be simplified, and predictive analytics can become more accurate. The AI-powered platform enables a retailer to achieve its sales quota by analysing collected data and targeting the appropriate consumer. E-commerce A.I. has transformed the online purchasing field with features such as image search, customer-focused search, re-identifying potential customers, visual assistants, and bid data analytics. Newly developed A.I. applications that analyse purchasing history, product searches, and customer demographics to predict future purchasing trends and make product recommendations based on perusing patterns are likely to drive market expansion.

The AI-enabled E-Commerce solutions market is anticipated to be driven by the rapid implementation of cloud-based platforms, reduced rate of manual errors in development processes, rising use of machine learning-based applications, cost-effective procedures, rapid adoption of advanced technologies, easy access to real-time data, prompt resolution of complaints through artificial intelligence-enabled chat boxes, and increasing government support for the R&D of AI-enabled platforms. Moreover, the recent emergence of Covid-19 has had a substantial impact on the market for AI-enabled E-Commerce solutions, as it has created a need for warehouse automation and management. However, factors such as complex and time-consuming development procedures, the high cost of A.I. solutions, and a paucity of qualified professionals may impede market growth in the coming years.

In the coming years, North America will dominate the market for E-Commerce solutions enabled by AI in terms of region. Due to the rapid adoption of advanced technologies, rising online purchasing trend, easy access to cloud applications or platforms, rising R&D investments, and the entry of new market participants, the market will continue its upward trajectory over the forecast period of 2023-2031. In contrast, in Europe, growing partnerships among key actors and rapid adoption of cloud-based platforms will contribute to the expansion of the market. In the coming years, the market in Asia-Pacific will expand more rapidly. This expansion is attributable to shifting lifestyles, technological advancements, particularly in Artificial Intelligence, and the rising rate of online purchasing as a result of digital transformations.

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Major players included in the AI-enabled E-Commerce solutions market are Riskified, Reflektion, Inc., Shelf.ai, Osaro, Sift, AntVoice SAS, Appier Inc, Eversight, Inc., Granify Inc., LivePerson, Inc., Manthan Software Services Pvt. Ltd., PayPal, Inc., Sidecar Interactive, Inc., Tinyclues SAS, Twiggle Ltd., Celect, Inc., Cortexica Vision Systems Ltd., Crobox B.V., Deepomatic SAS, Dynamic Yield Ltd., Emarsys eMarketing, Systems AG, Satisfi Labs, Inc., Staqu Technologies Pvt. Ltd., ViSenze Pte Ltd., and Other Prominent Players. Product innovations, acquisitions, collaborations, partnerships, and R&D activities are key strategies used by players in this market.

• In July 2021, LivePerson, Inc. acquired German conversational A.I. company e-bot7. The strategic acquisition propels LivePerson's self-service capabilities - empowering brands of all sizes to quickly launch AI-powered messaging experiences - as well as its continued growth across Europe.
• In February 2021, LivePerson, Inc. launched A.I. Annotator, a new tool automating brand-consumer conservations faster than ever by harnessing agents' expertise to improve Conversational A.I.
• In August 2019, Nike acquired Boston-based predictive analytics company Celect (A.I. platform), marking its latest acquisition in a string of deals to bolster its direct-to-consumer strategy. This acquisition allowed Nike to integrate their inventories with the website and app of the company.
• In August 2017, PayPal launched new Innovation Labs at the Chennai and Bangalore Tech centres. The lab is the first by PayPal in India and it is third after the USA and Singapore. The lab works as a platform to promote innovation which is a core value for PayPal globally. The labs support Machine Learning, A.I., Data Science, IoT, AR, V.R., and basic robotics projects.

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AI-Enabled E-Commerce Solutions Market Segments
AI-Enabled E-Commerce Solutions Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2022 to 2030 based on Technology
• Deep Learning
• Machine Learning
• NLP

AI-Enabled E-Commerce Solutions Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2022 to 2030 based on Applications
• Customer Relationship Management
• Supply Chain Analysis
• Fake Review Analysis
• Warehouse Automation
o Sorting and Placing
o Inventory Storage
• Merchandizing
o Facets and Filter Selection
o Multi Device Interaction
• Product Recommendation
• Customer Service
o Chatbots

AI-Enabled E-Commerce Solutions Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2022 to 2030 based on Deployment
• On-Premise
• Cloud

AI-Enabled E-Commerce Solutions Market Size (Value US$ Bn) & Forecasts and Trend Analyses, 2022 to 2030 based on Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America AI-enabled E-Commerce solutions market revenue (US$ Million) by Country, 2020 to 2030
• The U.S.
• Canada

Europe AI-enabled E-Commerce solutions market revenue (US$ Million) by Country, 2020 to 2030
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific AI-enabled E-Commerce solutions market revenue (US$ Million) by Country, 2020 to 2030
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America AI-enabled E-Commerce solutions market revenue (US$ Million) by Country, 2020 to 2030
• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa AI-enabled E-Commerce solutions market revenue (US$ Million) by Country, 2020 to 2030
• GCC Countries
• South Africa
• Rest of the Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global AI-enabled E-Commerce solutions market
 To receive an industry overview and future trends of the AI-enabled E-Commerce solutions market
 To analyze the AI-enabled E-Commerce solutions market drivers and challenges
 To get information on AI-enabled E-Commerce solutions market size value (US$ Mn) forecast till 2030
 Significant investments, mergers & acquisitions in the AI-enabled E-Commerce solutions market industry

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