Artificial Intelligence (AI) Market In Retail Sector 2024-2028
The artificial intelligence (AI) market in retail sector is forecasted to grow by USD 42223.6 mn during 2023-2028, accelerating at a CAGR of 42% during the forecast period. The report on the artificial intelligence (AI) market in retail sector 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in investments and research and development in ai startups, increased efficiency of operations, and ease in handling customer-front operations.
Technavio's artificial intelligence (AI) market in retail sector 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 growth during the next few years. Also, increased availability of cloud-based applications and bridging offline and online experiences will lead to sizable demand in the market.
The report on the artificial intelligence (AI) market in retail sector covers the following areas:
- Artificial Intelligence (AI) Market In Retail Sector sizing
- Artificial Intelligence (AI) Market In Retail Sector forecast
- Artificial Intelligence (AI) Market In Retail Sector industry analysis
The 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 vendors that include Accenture PLC, Amazon.com Inc., BloomReach Inc., Capgemini Services SAS, Daisy Intelligence Corp., Element AI Inc., Evolv Technology Solutions Inc., Inbenta Holdings Inc., Infosys Ltd., Intel Corp., International Business Machines Corp., Mad Street Den Inc., Microsoft Corp., NVIDIA Corp., Oracle Corp., Salesforce Inc., SAP SE, Symphony Retail Solutions, and Trax Technology Solutions Pte. Ltd.. Also, the artificial intelligence (AI) market in retail sector 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.
The publisher 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 primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.