Global Artificial Intelligence (AI) Market in Retail Sector Market 2022-2026
Technavio has been monitoring the artificial intelligence (AI) market in retail sector market and it is poised to grow by $ 29.57 bn during 2022-2026 progressing at a CAGR of 35.69% during the forecast period. Our report on the artificial intelligence (AI) market in retail sector market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rise in investments and R&D in AI startups, increased efficiency of operations, and ease in handling customer-front operations.
The artificial intelligence (AI) market in retail sector market analysis includes the application segment and geographic landscape.
Technavio's artificial intelligence (AI) market in retail sector market is segmented as below:
By Application
- Sales and marketing
- In-store
- PPP
- Logistics management
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the increased applications in e-commerce as one of the prime reasons driving the artificial intelligence (AI) market in retail sector market growth during the next few years. Also, the increased availability of cloud-based applications and bridging offline and online experiences will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on artificial intelligence (AI) market in retail sector market covers the following areas:
- Artificial intelligence (AI) market in retail sector market sizing
- Artificial intelligence (AI) market in retail sector market forecast
- Artificial intelligence (AI) market in retail sector market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading artificial intelligence (AI) market in retail sector market vendors that include Accenture Plc, Amazon.com Inc., BloomReach Inc., Capgemini SE, Daisy Intelligence Corp., Element AI Inc., Evolv Technology Solutions Inc., Inbenta Technologies Inc., Infosys Ltd., Intel Corp., International Business Machines Corp., Mad Street Den Inc., Microsoft Corp., NVIDIA Corp., Oracle Corp., Plexure Group Ltd., Salesforce.com Inc., SAP SE, Symphony Retail Solutions, and Trax Technology Solutions Pte. Ltd. Also, the artificial intelligence (AI) market in retail sector market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Companies MentionedAccenture Plc, Amazon.com Inc., BloomReach Inc., Capgemini SE, Daisy Intelligence Corp., Element AI Inc., Evolv Technology Solutions Inc., Inbenta Technologies Inc., Infosys Ltd., Intel Corp., International Business Machines Corp., Mad Street Den Inc., Microsoft Corp., NVIDIA Corp., Oracle Corp., Plexure Group Ltd., Salesforce.com Inc., SAP SE, Symphony Retail Solutions, Trax Technology Solutions Pte. Ltd.