Press release
AI Enabled E-Commerce Solutions Market Dynamics Shaped by Rising Demand for Secure Transactions and Tailored Online Retail Experiences
The AI-Enabled E-Commerce Solutions Market Size is valued at USD 6.90 Billion in 2024 and is predicted to reach USD 31.43 Billion by the year 2034 at a 16.5% CAGR during the forecast period for 2025-2034.Global AI Enabled E-Commerce Solutions Market 2025-2034 full Research Repot latest version is now available.
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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global AI enabled e-commerce solutions market are:
• Rise in fraud detection and prevention
• Growth of individualized purchasing experiences
• Improved client support with AI chatbots
The following are the primary obstacles to the AI enabled e-commerce solutions market's expansion:
• Substantial initial outlay
• Issues with data privacy
• Insufficiently skilled workforce
Future expansion opportunities for the global AI enabled e-commerce solutions market include:
• Enhanced mechanisms for recommending products
• Expansion of visual search capabilities driven by AI
• Growing use of technologies for voice recognition
Key Industry Insights & Findings from the report:
• The market for AI enabled e-commerce solutions is expected to grow due to the expected rise in fraud detection and prevention.
• Integration with IoT and big data for improved customer experiences is one of the main prospects for the global AI enabled e-commerce solutions market.
• North America dominated the market and accounted for a revenue share of global revenue in 2023.
• The main obstacles to the expansion of the AI enabled e-commerce solutions market are a shortage of experienced labour and expensive initial investment needs.
Market Analysis:
Artificial intelligence (AI)-driven e-commerce solutions are transforming various facets of online retail operations through the application of advanced AI algorithms and data analytics. These AI-enabled systems enhance productivity and drive sales growth by facilitating fraud detection, optimizing inventory management, executing targeted marketing campaigns, delivering personalized shopping experiences, and improving customer service. Key factors contributing to the anticipated market growth include the increasing adoption of AI for fraud prevention, the expansion of voice commerce interfaces, the integration of augmented reality to enrich the shopping experience, the advancement of AI-powered visual search technologies, and the utilization of predictive analytics to implement dynamic pricing strategies.
List of Prominent Players in the AI Enabled E-Commerce Solutions Market:
• Riskified
• Eversight, Inc.
• Granify Inc.
• Sift
• AntVoice SAS
• Appier Inc
• LivePerson, Inc.
• Manthan Software Services Pvt. Ltd.
• Reflektion, Inc.
• Shelf ai
• Osaro
• PayPal, Inc.
• Staqu Technologies Pvt. Ltd.
• ViSenze Pte Ltd.
• Sidecar Interactive, Inc.
• Cortexica Vision Systems Ltd.
• Crobox B.V.
• Deepomatic SAS
• Dynamic Yield Ltd.
• Emarsys eMarketing
• Tinyclues SAS
• Twiggle Ltd.
• Celect, Inc.
• Systems AG
• Satisfi Labs, Inc.
• Others
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Recent Developments:
• May 2023: A software-as-a-service (SaaS) platform for generative AI e-commerce was introduced by Hype, an e-commerce business located in India. This platform gives merchants the ability to design, operate, and run online stores with the goal of revolutionizing online e-commerce. An innovative architecture for machine learning and artificial intelligence is used by this platform, which continuously learns and adjusts to the distinct data patterns of each shop.
• April 2023: For an unknown sum, Nextiva Inc., a cloud-based communication and collaboration platform based in the United States, purchased Simplify360 Inc. Through this acquisition, Nextiva Inc. hopes to improve its collaboration platform's customer support capabilities by integrating Simplify360's suite of features, such as helpdesk CRM, live chat, social media management, and reputation management, into its communications and collaboration platform.
• February 2023: 3PM Shield LLC was purchased by eBay Inc., a US-based artificial intelligence e-commerce corporation, for an unknown sum. Through this acquisition, eBay hopes to provide merchants and consumers with a technologically backed, safe platform while accelerating the impact of their state-of-the-art technologies to fight illegal, dangerous, and counterfeit goods. A US-based software startup called 3PM Shield LLC uses artificial intelligence to improve clients' e-commerce experiences by providing market compliance solutions.
AI Enabled E-Commerce Solutions Market Dynamics:
Market Drivers: Enhanced Fraud Detection and Prevention Initiatives
The AI-enabled e-commerce solutions market is expected to experience significant growth driven by heightened efforts in fraud detection and prevention. Fraud detection and prevention encompass the use of advanced technologies and proactive strategies to identify, mitigate, and halt fraudulent activities. The increasing complexity of interconnected digital systems, coupled with the surge in digital transactions, has heightened the need to safeguard assets and maintain trust in financial operations.
AI-powered e-commerce platforms enhance the security, efficiency, and reliability of online transactions by deploying sophisticated tools designed to detect and prevent fraudulent behavior. For example, a survey by Cybersource, a U.S.-based payment gateway provider, involving 1,072 merchants, reported that global fraud incidents-including phishing, pharming, and whaling attacks-increased from 35% in 2022 to 43% in 2023. Furthermore, there was a 30% rise in abuse related to coupons, discounts, and refunds in 2023. These trends underscore the expanding demand for AI-enabled solutions aimed at fraud mitigation.
Challenges: Escalating Concerns Regarding Data Security and Privacy
One of the primary challenges confronting the global AI-enabled e-commerce solutions market is the growing concern over data security and privacy. The vast amounts of data processed by AI systems to deliver personalized recommendations and targeted advertising raise issues related to the collection, storage, sharing, and use of consumer information. Heightened consumer apprehension regarding potential privacy breaches and misuse of personal data poses a risk to trust in online retailers and their brands. Data breaches or security incidents compromising sensitive customer information can significantly damage consumer confidence. To address these concerns, e-commerce companies must enforce stringent privacy policies and uphold rigorous data protection standards. Additionally, providing consumers with meaningful control over their personal data and maintaining transparency about data utilization are imperative. Effectively managing privacy issues will be critical for e-commerce businesses seeking to fully leverage AI technologies while fostering long-term customer loyalty.
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North America Is Expected To Grow With The Highest CAGR During The Forecast Period
The North American market for AI-enabled e-commerce solutions is projected to capture a substantial revenue share and exhibit strong compound annual growth in the near future. This growth is primarily driven by the region's early adoption of advanced technologies and the presence of major e-commerce players such as Amazon, Walmart, and Shopify, which actively leverage artificial intelligence to enhance customer experiences and streamline operations. North America benefits from high internet penetration, a well-developed digital infrastructure, and widespread implementation of AI-powered tools-including chatbots for customer service, computer vision for product categorization, and machine learning for personalized shopping recommendations. In addition, the region's comprehensive regulatory framework, which emphasizes data protection and ethical AI usage, further supports the integration of AI technologies in e-commerce. Collectively, these factors position North America as a key contributor to the global AI-enabled e-commerce market.
Segmentation of AI Enabled E-Commerce Solutions Market-
By Deployment
• On-Premise
• Cloud
By Technology-
• Deep Learning
• Machine Learning
• NLP
By Applications-
• Customer Relationship Management
• Supply Chain Analysis
• Fake Review Analysis
• Warehouse Automation
o Sorting and Placing
o Inventory Storage
• Merchandizing
o Facets and Filter Selection
o Multi Device Interaction
• Product Recommendation
• Customer Service
o Chatbots
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/global-ai-enabled-e-commerce-solutions-market/1198
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
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