Press release
Booming Construction Activity Drives Growth of the Assortment Gap Analysis Artificial Intelligence Market by 2025
Assortment Gap Analysis Artificial Intelligence
The market for assortment gap analysis powered by artificial intelligence has seen rapid expansion lately; projections indicate a rise from $1.82 billion in 2024 to $2.20 billion in 2025, reflecting a steady compound annual growth rate (CAGR) of 21.3%. This historical period of expansion is strongly linked to greater capital infusion into AI innovations, a heightened emphasis on achieving precise demand forecasts, broader utilization of data analytics platforms, the escalating requirement for streamlined inventory handling, and intensifying rivalry across the retail and e-commerce industries.
What Is the Forecasted Global Size of the Assortment Gap Analysis Artificial Intelligence Market by 2029?
Anticipation suggests phenomenal expansion for the artificial intelligence market focused on assortment gap analysis over the coming years, reaching a valuation of $4.72 billion by 2029, underpinned by a cumulative annual growth rate (CAGR) of 21.0%; this upward trajectory is fueled by the increasing integration of AI within the retail sector, the escalating requirement for refining inventory levels, the surging desire for tailored product selections, continuous improvements in machine learning methodologies, and the broader implementation of data informed strategies throughout supply chain operations.Key developments shaping this period are characterized by progress in predictive analytical capabilities, the emergence of forecasting models based on current demand, novel applications of AI for streamlining inventory management, enhancements in using machine learning for planning product assortments, and the creation of sophisticated gap analysis instruments powered by artificial intelligence.
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Which Key Drivers Are Contributing to the Growth of the Assortment Gap Analysis Artificial Intelligence Market?
Anticipated forward momentum for the assortment gap analysis artificial intelligence market is primarily fueled by the escalating emphasis placed on tailoring shopping journeys for individual consumers. This customization encompasses tailoring product selections, making specific suggestions, and distributing promotional content aligned with unique customer tastes, observed actions, and past transactions, reflecting a growing consumer expectation that businesses recognize their distinct preferences and supply pertinent choices. Technology within assortment gap analysis artificial intelligence facilitates this by empowering retailers to pinpoint and close deficiencies in their product ranges, guaranteeing that suitable merchandise reaches the correct clientele precisely when needed. An illustrative example is provided by Etsy, a United States-based online marketplace, which reported in July 2024 that its gross merchandise sales for 2024 saw a 4.1% boost compared to the preceding year, a surge attributed to heightened customer desire for bespoke presents on their site; consequently, this heightened dedication to individualized retail experiences is directly boosting the expansion of the market for assortment gap analysis artificial intelligence.
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Which Market Trends Are Expected to Drive Assortment Gap Analysis Artificial Intelligence Market Expansion?
Leading enterprises within the assortment gap analysis artificial intelligence sector are concentrating efforts on innovations like AI-driven retail streamlining, aiming to boost how effectively merchandise is managed, how precisely demand is predicted, and how individually tailored shopping journeys are crafted for consumers worldwide. This deployment of artificial intelligence in retail optimization involves leveraging sophisticated AI techniques and machine learning models to make retail processes smoother, refine product selections, elevate forecasting capabilities, and offer customized shopper interactions, ultimately empowering retailers to base choices on solid data and achieve peak operational performance across various commercial landscapes. As a practical illustration, specifically in October 2025, Centric Software, an American firm specializing in retail planning and product lifecycle management tools, introduced substantial upgrades to its Centric Planning system, engineered to revolutionize retail functions using artificial intelligence; this upgraded platform incorporates AI forecasting for demand, smart planning for product assortments, and fluid linkage with Centric PLM and Centric Visual Boards, resulting in potential margin gains reaching 110 percent, a three-quarters decrease in time spent on planning cycles, fifty percent less stock holding, and budget setting periods reduced by half, proving exceedingly beneficial for retailers striving for decisions based on evidence, greater operational effectiveness, and the ability to compare performance against competitors using real-time market intelligence.
Which Emerging Segments Are Shaping the Future of the Assortment Gap Analysis Artificial Intelligence Market?
The assortment gap analysis artificial intelligence market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
4) By Application: Retail, E-commerce, Consumer Goods, Grocery, Fashion And Apparel
5) By End User:Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecom, Healthcare, Government, Retail, Other End-Users
Subsegments
1) By Software: Predictive Analytics, Machine Learning Platforms, Natural Language Processing, Computer Vision, Data Management Tools, Business Intelligence Tools
2) By Services: Consulting, Implementation, Training And Support, System Integration, Managed Services, Technical Assistance
Who Are the Major Players Driving Innovation in the Assortment Gap Analysis Artificial Intelligence Market?
Major companies operating in the assortment gap analysis artificial intelligence market are Microsoft Corporation; IBM Corporation; SAP SE; SAS Institute Inc.; Teradata Corporation; Mu Sigma Inc.; o9 Solutions; RELEX Solutions; Fractal Analytics; Domo Inc.; ParallelDots; Impact Analytics; Tredence Inc.; DataX.ai; Xbyte.io; Invent.ai; Intelligence Node; Quantzig; OptimiX; ClearDemand
What Are the Key Geographic Areas Fueling Growth in the Assortment Gap Analysis Artificial Intelligence Market?
North America was the largest region in the assortment gap analysis artificial intelligence market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the assortment gap analysis artificial intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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