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Artificial Intelligence In E-commerce Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Apple Inc., Google LLC, Microsoft Corporation, Amazon Web Services Inc., Siemens AG
Artificial Intelligence In E-commerce Market Share
The Business Research Company offers in-depth market insights through Artificial Intelligence In E-commerce Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The artificial intelligence in e-commerce market size has grown rapidly in recent years. It will grow from $7.01 billion in 2023 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%. The growth in the forecast period can be attributed to increasing focus on customer data analytics, increasing investments in the ai in e-commerce, growing demand for ai-powered product recommendations, increasing use of ai in supply chain management, increasing use of ai in fraud detection. Major trends in the forecast period include technological advancements in ai, voice commerce expansion, supply chain optimization, ai-enhanced customer support, conversational e-commerce.
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Market Segmentation:
The main technologies for artificial intelligence in e-commerce are natural language processing (NLP), deep learning and machine learning. Natural language processing (NLP) refers to a branch of artificial intelligence (AI) that focuses on how computers and human language interact. These are deployed through various deployments such as cloud and on-premise. These are used in various applications such as customer relationship management, supply chain analysis, fake review analysis, warehouse automation, merchandizing, product recommendation, customer service and others, by various end users such as information technology(it) and telecommunication, retail and e-commerce, banking, financial services and insurance (BFSI), healthcare, manufacturing, automotive, others.
Artificial Intelligence In E commerce Global Market Report 2023 provides data on the global artificial intelligence in e commerce market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The artificial intelligence in e commerce market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Rising Online Shopping Fuels Growth Of Artificial Intelligence In E-Commerce Market
The spike in online shopping is expected to propel the growth of artificial intelligence in the e-commerce market going forward. 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. For instance, in June 2023, according to the Adobe Digital Economy Index published by Adobe, a US-based software company, there were 40% online retail sales in the US for the first quarter of 2021, up from 36% in the same period of 2020. Therefore, the spike in online shopping is driving the growth of artificial intelligence in the e-commerce market.
Competitive Landscape:
Major players in the artificial intelligence in e-commerce market are Apple Inc., Google LLC, Microsoft Corporation, Amazon Web Services Inc., Siemens AG, Intel Corporation, The International Business Machines Corporation, Oracle Corporation, SAP SE, Nvidia Corporation, Sentient Technologies, Bloomreach, Aidaptive, Coveo, Dynamic Yield, Persado, Emarsys eMarketing Systems, Syte, Bluecore, Twiggle, Kindred AI, ViSenze, Gorgias, Layer 6 Inc., Nauto.
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Top Trend - Innovative Generative Ai E-Commerce Saas Platforms Drive Market Competitiveness
Major companies operating in artificial intelligence in the e-commerce market are developing new technologies, such as generative AI e-commerce SaaS to sustain their position in the market. Generative AI technology in e-commerce SaaS platforms allows users to experience personalized, automated inventory control, and innovative product discovery. For instance, in May 2023, Hype, an India-based e-commerce company, launched a generative AI e-commerce software-as-a-service (SaaS) platform. This platform aims to revolutionize online e-commerce by enabling merchants to create, optimize and manage online stores. This platform uses an advanced artificial intelligence and machine learning framework that continually learns and adapts to each store's unique data patterns.
The Table Of Content For The Market Report 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. Artificial Intelligence In E-commerce Market Size And Growth
…..
27. Artificial Intelligence In E-commerce Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of
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