Artificial Intelligence in Retail Market Set to Surge, Predicted to Reach $19.9 Billion by 2027

[City, Date] - The global Artificial Intelligence (AI) in Retail Market is poised for remarkable growth, with projections indicating a staggering Compound Annual Growth Rate (CAGR) of 34.4% from 2020 to 2027, ultimately culminating in a market valuation of $19.9 billion. AI technology in the retail sector offers a plethora of advantages, including predictive merchandising, programmatic advertising, market forecasting, in-store visual monitoring & surveillance, and location-based marketing. Furthermore, the capacity of AI solutions to revolutionize personalization, provide tailored recommendations to customers, enhance retargeting strategies, and forecast consumer behavior serves as pivotal driving factors for the integration of AI in the retail industry.

Download Sample Copy: https://www.meticulousresearch.com/download-sample-report/cp_id=4979

Top 10 Trailblazing Companies Shaping the Artificial Intelligence in Retail Market

Amazon

Profile: Founded in 1994, Amazon is headquartered in Washington, D.C., U.S., focusing on advanced technologies such as AI, cloud computing, consumer electronics, and e-commerce. The company's Retail organization leads innovation with initiatives like Amazon Prime and Amazon Go, extending its geographical footprint across North America, Europe, Asia-Pacific, and beyond.

Google LLC

Profile: Established in 1998 in California, U.S., Google LLC pioneers internet-based products and services, boasting a diverse portfolio ranging from search engines to cloud computing. Google offers programs like Shopping ads and Shopping Actions, facilitating seamless retail experiences globally through its extensive network.

IBM

Profile: Founded in 1911 and headquartered in Armonk, New York, U.S., IBM operates through key segments such as Cognitive Solutions and Cloud Platforms. With a robust portfolio spanning AI, IoT, and cloud computing, IBM revolutionizes retail experiences with innovative solutions such as IBM Watson and IBM Cloud, fostering effective client engagement worldwide.

Intel Corporation

Profile: Established in 1968 in California, U.S., Intel Corporation designs and manufactures innovative products across segments like Client Computing and Data Center. Offering platforms for real-time inventory management and personalized marketing, Intel's AI capabilities extend to device and gateway levels, optimizing retail operations globally.

Microsoft Corporation

Profile: Founded in 1975 and headquartered in Redmond, Washington, U.S., Microsoft Corporation is a leading technology provider globally. Through solutions like Dynamics 365 Retail, Microsoft simplifies retail operations and enhances omnichannel commerce, fostering seamless integration across North America, Europe, Asia Pacific, and beyond.

Speak to Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=4979

Nvidia Corporation

Profile: Established in 1993 in Santa Clara, California, U.S., Nvidia Corporation designs graphics processing units (GPUs) and system on chip units (SoCs) for various markets. Offering AI-powered solutions for smart retail, Nvidia enables retailers to enhance customer experiences through intelligent video analytics and inventory management worldwide.

Oracle Corporation

Profile: Founded in 1977 and headquartered in Redwood Shores, California, U.S., Oracle Corporation develops tools for database management and enterprise software. With Oracle Retail Cloud services, Oracle simplifies inventory management and inspires business users across North America, Europe, Asia-Pacific, and beyond.

SAP SE

Profile: Established in 1847 and headquartered in Walldorf, Germany, SAP SE leads in enterprise application software, offering machine learning and IoT technologies. SAP SE's suite of applications and platforms enables retailers to deliver personalized customer experiences across North America, Europe, Asia-Pacific, and beyond.

BloomReach, Inc.

Profile: Founded in 2009 in Mountain View, California, U.S., BloomReach, Inc. empowers businesses to deliver seamless and personalized experiences. With AI-driven search and merchandising tools, BloomReach accelerates conversion rates and generates customer loyalty across North America, Europe, and Asia-Pacific.

Salesforce.com, Inc.

Profile: Established in 1999 and headquartered in San Francisco, California, U.S., Salesforce.com, Inc. offers cloud-based software focusing on enterprise applications. Salesforce CRM for retail helps retailers build personalized customer experiences across all channels, fostering customer-centricity globally.

Buy Now: https://www.meticulousresearch.com/Checkout/12690015

In-depth Insights from Meticulous Research®

Meticulous Research®'s latest publication on Artificial Intelligence in Retail Market forecasts a remarkable growth of 41% during the forecast period from 2023 to 2030, providing comprehensive insights into recent financial performances, key products, significant company strategies, partnerships, and acquisitions of the aforementioned companies. The comprehensive report offers estimations of global market size, revenue numbers, market share analysis, and coverage of key issues and trends.

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

About Us:

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

This release was published on openPR.