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Artificial Intelligence (AI) In Retail Global Market Report 2025: Market Size, Growth Drivers, and Key Trends
Artificial Intelligence AI In Retail Market Outlook
What Is The Projected Market Size Of The Global Artificial Intelligence (AI) In Retail Global Market Report 2025 And Its Growth Rate?
• The AI in retail market size is projected to grow from $11.9 billion in 2024 to $15.51 billion in 2025, indicating a compound annual growth rate (CAGR) of 30.3%.
• The reasons for the growth in the historic period include the growth of AI in retail, the increased necessity for surveillance and monitoring, rapid implementation of AI solutions, advancements in computer vision, and growing demand for efficient operations.
• The market size is expected to further grow to $44.43 billion in 2029 at a CAGR of 30.1%.
• The projected growth can be attributed to market growth, AI's transformative power, demand-side trends, favorable global market outlook, and increasing competition.
What Is Driving The Growth In The Artificial Intelligence (AI) In Retail Global Market Report 2025?
The major driving forces observed in the AI in retail market growth include the adoption of digital transformation among retailers worldwide, which in turn fuelling the demand for AI solutions. This transformation ensures innovative automation tasks, personalized marketing, and trend prediction, thereby improving operational efficiency and providing customer behavior insights. For example, in January 2024, a survey by NVIDIA Corporation reported that 69% out of 400 retailers found a boost in revenue due to AI adoption. Additionally, 72% claimed a reduction in operating costs and over 60% planned to enhance AI investments in the next 18 months.
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Who Are the Key Players Driving Artificial Intelligence (AI) In Retail Global Market Report 2025 Growth?
• Google LLC
• Microsoft Corporation
• Amazon Web Services
• Intel Corporation
• International Business Machines Corporation
• Oracle Corporation
• SAP SE
• Presto
• NVIDIA Corporation
• Salesforce Inc.
• Baidu Inc.
• ViSenze
• Travelport
• Databricks
• DATAIKU
• Symbotic
• BloomReach Inc.
• Trax
• Interactions LLC
• Featurespace
• RetailNext Inc.
• Trigo
• Standard Cognition
• CognitiveScale Inc.
• BrainBox AI
• Inbenta Technologies
• Next IT Corp.
• Infinite Analytics
• Lexalytics Inc.
• Sentient Technologies
What Are The Key Trends In The Artificial Intelligence (AI) In Retail Global Market Report 2025?
• Machine learning adoption
• Growing demand for AI services
• Enhanced user experience and productivity
• Regional market expansion
What Are The Segments Of The Global Artificial Intelligence (AI) In Retail Global Market Report 2025?
• By Component: Solution, Service
• By Technology: Machine Learning, Natural Language Processing, Chatbots, Image And Video Analytics, Swarm Intelligence
• By Deployment: Cloud, On-Premise
• By Channel: Omnichannel, Brick And Mortar, Pure-Play Online Retailers
• By Application: Customer Relationship Management, Supply Chain And Logistics In-Store, Navigation Inventory Management, Product Optimization, Payment And Pricing Analytics
Which Region Leads The Artificial Intelligence (AI) In Retail Global Market Report 2025?
In 2024, North America constituted the largest region in the AI in retail market. Besides, Asia-Pacific is anticipated to be the fastest-growing region during the forecast period.
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What Is Covered In The Artificial Intelligence (AI) In Retail Global Market Report 2025?
- Market Size Analysis: Analyze the Artificial Intelligence (AI) In Retail Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artificial Intelligence (AI) In Retail Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Artificial Intelligence (AI) In Retail Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Artificial Intelligence (AI) In Retail Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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