Global Artificial Intelligence in Retail Market Expected to Reach USD 36.87 Billion by 2030, Growing at a CAGR of 23.87%
Artificial Intelligence in Retail Market Forecasted to Surge to USD 36.87 Billion by 2030
Summary:
The Global Artificial Intelligence (AI) in Retail Market, valued at USD 8.24 billion in 2023, is set to experience substantial growth, with projections indicating it will reach approximately USD 36.87 billion by 2030. This robust expansion, reflecting a CAGR of 23.87% from 2024 to 2030, underscores the increasing integration of AI technologies in retail operations. This press release provides a comprehensive overview of the market, including key trends, segmentation, major players, and the impact of the COVID-19 pandemic.
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A) Market Size:
The Artificial Intelligence in Retail Market was valued at USD 8.24 billion in 2023. With the accelerating adoption of AI technologies across the retail sector, the market is projected to grow significantly, reaching an estimated USD 36.87 billion by 2030. This growth reflects a compound annual growth rate (CAGR) of 23.87% from 2024 to 2030.
B) Overview:
AI in retail encompasses a range of technologies designed to enhance customer experiences, streamline operations, and optimize decision-making processes. These technologies include machine learning, natural language processing, and predictive analytics, which collectively drive efficiencies and innovation in retail environments.
C) Market Scope:
This report provides an in-depth analysis of the Global Artificial Intelligence in Retail Market, focusing on the latest trends, market dynamics, and growth opportunities. The data presented is derived from reputable sources such as industry reports, company annual reports, and academic journals, and has been validated by industry experts to ensure accuracy.
D) Segmentation:
The market is segmented based on type, solution, technology, deployment mode, and application:
- 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
E) Major Manufacturers:
Key players in the AI in Retail Market include:
- North America:
- IBM Corporation
- Microsoft Corporation
- Amazon Web Services
- Oracle
- SAP
- Google Inc.
- NVIDIA Corporation
- Intel Corporation
- Sentient Technologies
- Numenta Inc.
- Salesforce
- ViSenze
- Inbenta Technologies
- Interactions LLC
- Lexalytics Inc.
- Asia Pacific:
- Baidu Inc.
- Global:
- BloomReach Inc.
- CognitiveScale Inc.
- NEXT IT Corp.
- RetailNext Inc.
- Salesforce.com Inc.
F) Regional Analysis:
The report provides detailed insights into the market dynamics across various global regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. It examines the market size, growth prospects, and competitive landscape in each region.
G) COVID-19 Impact Analysis:
The COVID-19 pandemic has had a significant impact on the Global Artificial Intelligence in Retail Market. The report discusses how the pandemic has influenced market trends, disrupted supply chains, and accelerated the adoption of AI technologies as retailers adapt to new consumer behaviors and operational challenges.
H) Key Questions Answered:
- What roles does AI play in the retail sector?
- What is the expected revenue growth of the AI in Retail Market?
- At what CAGR is the AI in Retail Market projected to grow?
- Who are the leading companies in the AI in Retail Market?
I) Table of Contents:
- Introduction
- Market Dynamics
- Market Segmentation
- Regional Analysis
- Competitive Landscape
- Impact of COVID-19
- Key Questions Answered
- Conclusion
For further details, feel free to reach out to us at any time: https://www.maximizemarketresearch.com/market-report/artificial-intelligence-ai-in-retail-market/1893/
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