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Artificial Intelligence In E-Commerce Market Overview - Market Size, Top Segments And Industry Forecast To 2024-2033
Artificial Intelligence In E-Commerce Market
The Business Research Company's Artificial Intelligence In E-Commerce Global Market Report 2024 identifies spike in online shoppingas the major driver for the Artificial Intelligence In E-Commerce market's growth in the forecast period. Online shopping refers to buying goods or services from a seller over the Internet using a web browser or a mobile app. Artificial intelligence in e-commerce is used in online shopping to enhance the customer experience and streamline business processes for pricing optimization and inventory management.
The artificial intelligence in e-commerce market size has grown rapidly in recent years. It will grow from $7.01 billion in 2024 to $8.06 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to demand for personalized shopping experiences, improved search and discovery, chatbots and virtual assistants, government support for ai development.
The artificial intelligence in e-commerce market size is expected to see rapid growth in the next few years. It will grow to $14.07 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%.
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Major competitors in the Artificial Intelligence In E-Commerce market are Apple Inc., Google LLC, Microsoft Corporation, Amazon Web Services Inc., Siemens AG, Intel Corporation.
A key trend in the Artificial Intelligence In E-Commerce market includes privacy concerns. It is important for e-commerce companies to address these privacy concerns to ensure the adoption and growth of AI technology in the industry. For instance, in October 2021, according to Commerce Times, a US-based journal, a study found that 70% of consumers abandon purchases due to privacy concerns. Therefore, privacy concerns related to using AI in e-commerce hindering the growth of artificial intelligence in the e-commerce products market going forward.
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The Artificial Intelligence In E-Commerce market is segmented -
• By Technology: Natural language processing (NLP), Deep Learning, Machine Learning
• By Deployment: Cloud, On-Premise
• By Application: Customer Relationship Management, Supply Chain Analysis, Fake Review Analysis, Warehouse Automation, Merchandizing, Product Recommendation, Customer Service, Other Applications
• By End User: Information Technology(IT) And Telecommunication, Retail And E-Commerce, Banking, Financial Services and Insurance (BFSI), Healthcare, Manufacturing, Automotive, Other End User
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Artificial Intelligence In E-Commerce market.
The Business Research Company's "Global Artificial Intelligence In E-Commerce Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Artificial Intelligence In E-Commerce Market Include:
1. Executive Summary
2. Artificial Intelligence In E-commerce Market Characteristics
3. Artificial Intelligence In E-commerce Market Trends And Strategies
4. Artificial Intelligence In E-commerce Market - Macro Economic Scenario
5. Global Artificial Intelligence In E-commerce Market Size and Growth
…………………………………………………………………………….
32. Global Artificial Intelligence In E-commerce Market Competitive Benchmarking
33. Global Artificial Intelligence In E-commerce Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence In E-commerce Market
35. Artificial Intelligence In E-commerce Market Future Outlook and Potential Analysis
36. Appendix
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