The Artificial Intelligence (AI) in Retail market report published by Stratview Research offers wide-ranging analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape, etc. This detailed study is a useful source of information for prominent market players, new entrants, investors, and stakeholders to gain a thorough understanding of the market and determine measures to be taken to gain a competitive advantage.

Market Insights

The artificial intelligence in retail market is estimated to grow from USD 5.79 billion in 2022 to USD 20.46 billion by 2028 at a CAGR of 23.20% during the forecast period.

Artificial Intelligence (AI) in Retail Market by Application Trends

The market has been classified into supply chain and logistics, product optimization, in-store navigation, payment and pricing analytics, inventory management, and Customer Relationship Management (CRM).

Under these, the customer relationship management (CRM) segment held a significant market share of more than 15% in 2022 & is expected to maintain its dominance during the forecast period.

Artificial Intelligence (AI) in Retail market by Technology Trends

The market has been classified into Machine Learning, Natural Language Processing, Chatbots, Image and Video Analytics, and Swarm Intelligence.

Under these, the machine Learning segment accounted for a market share of more than 25% IN 2022 & is likely to dominate the market during the forecast period.

Regional Insights                                            

The North American market held the highest revenue share of more than 35% in 2022 and is projected to grow at the fastest CAGR in the coming years.

 

Key Players

The following are the key players in the Artificial Intelligence (AI) in Retail market- 

  • IBM Corporation (US)
  • Microsoft Corporation (US)
  • Google LLC (US)
  • Amazon Web Services Inc. (US)
  • SAP SE (Germany)
  • ViSenze Pte Ltd (Singapore)
  • BloomReach, Inc. (US)

 

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