Global Artificial Intelligence in Retail Market Expected to Surge from USD 8.24 Billion in 2023 to USD 36.87 Billion by 2030"
Summary:
Maximize Market Research releases an insightful report analyzing the growth trajectory of the Global Artificial Intelligence in Retail Market. With a remarkable CAGR of 23.87% projected from 2024 to 2030, the market is set to expand substantially, driven by advancements in AI technology and increased application in the retail industry.
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Market Size
The Global Artificial Intelligence in Retail Market achieved a valuation of USD 8.24 Billion in 2023, with expectations to escalate to USD 36.87 Billion by 2030. This rapid growth is attributed to the rising adoption of AI solutions, enhancing retail operations and customer experiences through technologies like predictive merchandising and visual search.
Scope and Research Methodology
The report offers comprehensive insights into market dynamics, trends, and competitive landscapes. Combining qualitative and quantitative analysis, it identifies growth segments, competitive positioning, and region-specific opportunities that influence market trajectory.
Report Coverage
This extensive analysis includes strategic trends, pricing analysis, and both macro and micro market insights. The report addresses the short-term market environment and predicts long-term growth potential, assisting stakeholders in navigating the dynamic AI-driven retail landscape.
Overview
The Global Artificial Intelligence in Retail Market has witnessed rapid technological advancements, from customer relationship management and supply chain planning to virtual assistants and price optimization. With growing demand for AI-driven solutions, the retail sector is rapidly transforming, fueled by customer demands for personalized experiences.
Dynamics
The report highlights key market drivers, such as the increasing need for operational efficiency and personalized customer experiences. However, challenges such as data privacy concerns and high initial investments present potential market restraints.
Segmentation
By Type
- Online
- Offline
By Solution
- Product Recommendation & Planning
- Customer Relationship Management
- Visual Search
- Virtual Assistant
- Price Optimization
- Payment Services Management
- Supply Chain Management & Demand Planning
- Others
By Technology
- Machine Learning & Deep Learning
- Natural Language Processing
- Others
By Deployment Mode
- Cloud
- On-Premises
By Application
- Predictive Merchandising
- Programmatic Advertising
- Market Forecasting
- In-Store Visual Monitoring and Surveillance
- Location-Based Marketing
- Other
Key Players Include
Leading providers include IBM Corporation, Microsoft Corporation, Amazon Web Services, Oracle, SAP, Google Inc., NVIDIA Corporation, and Intel Corporation. Other players, like Baidu Inc. in Asia-Pacific and BloomReach Inc. globally, are driving innovations in retail AI solutions.
Key Offerings
- Detailed Market Overview
- Revenue Forecast and Market Size, 2024−2030
- Analysis of Market Dynamics, Growth Drivers, and Key Trends
- Segment-wise and Regional Analysis
- Comprehensive Competitive Landscape
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About Maximize Market Research:
Maximize Market Research is a global market research and business consulting firm. Specializing in diverse industries, we deliver practical insights that empower our clients, from Fortune 500 companies to innovative startups, to excel in competitive environments.
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