A new market research report on Global Artificial Intelligence (AI) in Retail Market has been recently published by Reports and Data that offers a comprehensive evaluation of market report. The study provides a comprehensive qualitative and quantitative analysis of the factors affecting the market with an aim to provide an in-depth analysis of the growth trend of the market. The report aims to provide an accurate insight into the current and emerging trends of the market. In addition, the report covers technological developments, market value analysis, volume, micro and macro-economic factors affecting the growth of the market.
The research study comprises of vital information focusing on major market trends and estimated revenue growth rate. Additionally, the report highlights the market competition including the portfolios and strategic alliances and endeavors of the key competitors. It focuses on the mergers and acquisitions, joint ventures, partnerships, collaborations, product launches, brand promotions, and agreements, among others. The report also offers key insights about top companies in the market along with their company overview, business expansion plans, financial standing, production and manufacturing capacity, and global position.
Key companies operating in the market include: Amazon Web Services, IBM, Google, Microsoft, Intel, ViSenze, Oracle, Nvidia, SAP, and Salesforce, among others..
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The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. The report also provides an extensive analysis of key regions where the market has established its presence. The report covers major geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. A country-wise analysis is also included to offer better insights into regional spread of the Artificial Intelligence (AI) in Retail market.
Based on types, the Artificial Intelligence (AI) in Retail market has been segmented into: Online Retail, Offline Retail, Technology Outlook, Machine and Deep learning, Natural Language Processing, Others
Based on application, the Artificial Intelligence (AI) in Retail market has been segmented into: Programmatic Advertising, Market Forecasting, Predictive Merchandising, Location-based marketing, In-Store Visual Monitoring and Surveillance, Others.
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Key Points Addressed in the Report:
- Market revenue shares by major business players, by type, by application, and market scope of global Artificial Intelligence (AI) in Retail market
- Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis
- Strategic recommendation to key players and new entrants to overcome barriers in the global market
- 8-year forecast of Artificial Intelligence (AI) in Retail market along with analysis of global trends, economic scenario, and key opportunities
- In-depth analysis of major challenges, restraints, limitations, along with drivers, growth prospects, and opportunities
- Regional analysis and country-wise analysis to provide better understanding of the global market
- Extensive study of key product types and applications offered by the industry
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Artificial Intelligence (AI) in Retail Market is valued at USD 658.2 Million in 2018 and expected to reach USD 5723.0 Million by 2025 with a CAGR of 36.2% over the forecast period.Global Artificial Intelligence (AI) in Retail Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- The increasing need in retail enterprises to provide enhanced customer experience and maintain their inventory accuracy and also to improve productivity are the major factors driving the market growth.Get Sample Copy of The Activated Alumina Market Report 2020@ https://brandessenceresearch.com/requestSample/PostId/553*The sample pages of this report is immediately accessible on-demand.
** Artificial Intelligence (AI) in Retail Market Top PlayersWSBaiduBloomReachCognitive ScaleGoogleInbenta TechnologiesIntelInteractionsLexalyticsMicrosoftNEXT IT.NVidiaOracleRetailNextSalesforce.com.
Actions like learning, logic, reasoning, perception, creativity, that were once considered unique to humans, is now being replicated by technology and used in every industry.
Approaches like machine learning and neural networks, companies globally are investing in teaching machines to ‘think’ more like humans.
In turn, this helps to build efficient business plans, reduces the time on report compilations, forecasts sales figures, set-up customer profiles, and understand customers’ shopping preferences.Global artificial intelligence (AI) in retail market report is segmented on the basis of component, technology, application and region & country level.
These are some tools that act as the barrier for the growth of the global artificial intelligence (AI) in retail market.Moreover, the growing execution of AI-based chatbots is one of the growth opportunities for the players operating in the market.
With the rise of the organized retail sector, the use of AI has to increase in this sector.
The global artificial intelligence in the retail market, as published in a report by Market Research Future (MRFR), claims that this market could anticipate aggrandizement at 34% CAGR between 2017 and 2023.
In terms of money, the market can be worth USD 7 Bn by the end of the forecast period.One of the major market driving factors for the global artificial intelligence in retail market growth is the advancement in big data due to which adoption of artificial intelligence-enabled devices and services is increasing across different domains.
Other important markets driving factors include the expansion of human-aware artificial intelligence systems, effective logistics & product delivery, low-cost operations, growing need for surveillance & monitoring at a brick & mortar store, high productivity, higher return on investment (RoI), improved user experience, and the growing scope of AI technologies.
As per the technology-based segmentation, the artificial intelligence in retail market covers deep learning, facial recognition, natural language processing, neural networks, and voice assistance.Regarding components, the artificial intelligence in retail market has been segmented into services and solution.
The services segment has been sub-segmented into managed services, professional services, installation services, and maintenance services.
Artificial Intelligence (AI) In Retail MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Artificial Intelligence (AI) In Retail Market.
The growth sectors of the Artificial Intelligence (AI) In Retail Market are identified with precision for a better growth perspective.Artificial Intelligence is expected to disrupt every business and enterprises across the world.
One of the major factors that drive the growth of artificial intelligence market is the growing advancement in big data, and adoption of artificial intelligence enabled devices and services across various different domains.
The artificial intelligence in retail is used for applications like sales and customer relationship management, customer recommendations and experience, manufacturing, logistics, supply chain and delivery, payments and payment services.Key playersThe artificial intelligence is one of the most trending technologies across all industrial verticals and its wide spread applications are making the companies to adopt and implement artificial intelligence services in their particular domain.
Some of the prominent players in the artificial intelligence space in retail market include NVIDIA Corporation (U.S.), Intel Corporation (U.S.), Salesforce (U.S.), Sentient Technologies (U.S.), Microsoft Corporation (U.S.), Google Inc (U.S.), IBM Corporation (U.S.), Amazon Web Services (U.S.), Oracle corporation (U.S.), SAP SE (Germany) among others.While the competition in the market is high, many startups are also getting into the artificial intelligence market to serve the high demand marketRegional AnalysisThe integration of artificial intelligence in retail sector is start of new era in the space of advertising, analytics and customer experience.
Many retailers in this region have deployed AI-based solutions to optimize their supply chain operations and inventory.
