Press release
Artificial Intelligence Accelerates E-commerce Market Growth, Projected to Reach $16.42 Billion by 2029
Artificial Intelligence In E commerce Market
What Is The Projected Market Size Of The Global Artificial Intelligence In E-commerce Market And Its Growth Rate?
The global artificial intelligence in e-commerce market has demonstrated rapid growth in recent years and this upward trajectory is expected to continue. Key statistics include:
•The market size grew from $8.06 billion in 2024 to $9.19 billion in 2025, marking a compound annual growth rate (CAGR) of 14.0%.
•Growth in the historic period was driven by factors such as demand for personalized shopping experiences, improved search and discovery, government support for AI development, chatbots, and virtual assistants.
•The market size is projected to reach $16.42 billion by 2029, growing at a CAGR of 15.6%. This forecasted growth 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, and increasing use of AI in supply chain management and fraud detection.
What Is Driving The Growth In The Artificial Intelligence In E-commerce Market?
Predicted growth in the artificial intelligence in e-commerce market is majorly driven by the dramatic surge in online shopping, which is expanding the demand for artificial intelligence to enhance customer experience and streamline business processes for online retailers. For instance, the global e-commerce market is projected to reach $4.8 trillion by 2025 and by 2027, approximately 23% of total retail sales are predicted to occur online.
Further, the rise in internet penetration augments this growth by providing more data, expanding the customer base and optimizing the shopping experience, operations and competitiveness, there propelling the global artificial intelligence in e-commerce market forward.
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Who Are the Key Players Driving Artificial Intelligence In E-commerce Market Growth?
The growth of the artificial intelligence in e-commerce market is backed by prominent companies including:
•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
What Are The Key Trends In The Artificial Intelligence In E-commerce Market?
Major trends shaping the artificial intelligence in e-commerce market include:
•Tech advancements in artificial intelligence
•Expansion of voice commerce
•Supply chain optimization
•AI-enhanced customer support
•Conversational e-commerce
What Are The Segments Of The Global Artificial Intelligence In E-commerce Market?
The artificial intelligence in e-commerce market is segmented by:
•Technology: Natural language processing (NLP), Deep Learning, Machine Learning
•Deployment: Cloud, On-Premise
•Application: Customer Relationship Management, Supply Chain Analysis, Fake Review Analysis, Warehouse Automation, Merchandizing, Product Recommendation, Customer Service
•End User: Information Technology (IT) And Telecommunication, Retail And E-Commerce, Banking, Financial Services And Insurance (BFSI), Healthcare, Manufacturing, Automotive
Which Region Leads The Artificial Intelligence In E-commerce Market?
With the largest market share in 2024, North America leads the artificial intelligence in e-commerce market. Other regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East and Africa.
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What Is Covered In The Artificial Intelligence In E-commerce Global Market Report?
- Market Size Analysis: Analyze the Artificial Intelligence In E-commerce size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various sub-segments within the Artificial Intelligence In E-commerce for effective categorisation.
- 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 In E-commerce growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyse challenges and risks affecting the Artificial Intelligence In E-commerce.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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