Global Artificial Intelligence in Retail Market: USD 8.24 Billion in 2023, Expected to Reach USD 36.87 Billion by 2030 - Key Players Include SAP, Salesforce, ViSenze

The Artificial Intelligence (AI) in retail market has shown impressive growth, with a size valued at USD 8.24 billion in 2023. This growth trajectory is expected to continue, with the total AI in retail revenue projected to grow at a robust CAGR of 23.87% from 2024 to 2030, reaching nearly USD 36.87 billion by 2030. This expansion is driven by various factors, including the increasing adoption of AI-powered solutions by retailers to enhance customer experience, improve operational efficiency, and optimize pricing strategies. AI technologies such as machine learning, natural language processing, and computer vision are being leveraged to analyze vast amounts of data to provide personalized shopping experiences, optimize inventory management, and enable predictive analytics. As retailers continue to prioritize digital transformation, AI is expected to play a pivotal role in shaping the future of the retail industry.

Global Artificial Intelligence in Retail Market Overview:

Maximize Market Research's latest report on the Global Global Artificial Intelligence in Retail Market for the period 2024-2029 offers valuable insights into the competitive landscape of the market. The report presents a comprehensive and fundamental analysis, delving into both quantitative and qualitative aspects that could provide readers with crucial business insights. It offers a detailed market overview, outlining the value chain structure, geographical analysis, key applications, market size, and forecast for the specified period. This research is poised to facilitate a more precise assessment of the present and future state of the global Global Artificial Intelligence in Retail market, aiding businesses in strategic decision-making and market positioning.

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Global Artificial Intelligence in Retail Market Scope:

The report meticulously examines the major key drivers and restraints affecting key companies, alongside current competitive benchmarking and future development prospects. It offers insights into the latest trends and future outlook of the Global Artificial Intelligence in Retail market, encompassing aspects such as the demand chain, supply chain, sales, and recent market changes. The report also includes comprehensive company profiles, detailing product specifications, production capacity/sales, revenue, price, gross margin, and sales by product. In terms of competitive analysis, the report presents profiles of key market players, encompassing company overview, financial performance, product portfolio, and strategies. The research methodology employed a blend of quantitative and qualitative research methods, including SWOT and PESTLE analysis, to provide a holistic view of the market landscape.

Segmentation:

With a significant revenue share of 41.2% in 2022, the machine learning category emerged as the leader in the global artificial intelligence in retail market. Machine learning analyzes collected data quickly and thoroughly, which makes it very useful for providing customers with individualized experiences. Retail vendors benefit from its role in improving inventory efficiency as it helps them refine demand estimates and improve supply chain processes. One prominent example is Amazon Inc.'s Amazon SageMaker, which is unique in that it is a well-managed service that applies machine learning methods to a variety of applications, from improving customer experience to predictive analytics.

Key Players:

Artificial Intelligence in Retail Solution Providers in North America:
1. IBM Corporation
2. Microsoft Corporation
3. Amazon Web Services
4. Oracle
5. SAP
6. Google Inc.
7. NVIDIA Corporation
8. Intel Corporation
9. Sentient Technologies
10. Numenta Inc.
11. Salesforce
12. ViSenze
13. Inbenta Technologies
14. Interactions LLC
15. Lexalytics Inc.

Artificial Intelligence in Retail Solution Providers in Asia Pacific:
1. Baidu Inc.

Artificial Intelligence in Retail Solution Providers across the world:
1. BloomReach Inc.
2. CognitiveScale Inc.
3. NEXT IT Corp.
4. RetailNext Inc.
5. Salesforce.com Inc.

Regional Analysis:

The report extensively analyzes the growth trajectory of the global Global Artificial Intelligence in Retail Market, providing detailed insights into its development. It categorizes the market into five major regions, namely North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which collectively dominate the global Global Artificial Intelligence in Retail market. Each region's market dynamics, including drivers, restraints, opportunities, and challenges, are meticulously examined to provide a comprehensive understanding of the market landscape. This regional segmentation helps stakeholders and businesses in identifying lucrative opportunities and formulating effective strategies to capitalize on them.

Key Questions answered in the Global Artificial Intelligence in Retail Market Report are:

• What defines the Global Artificial Intelligence in Retail Market?
• What time frame does the Global Artificial Intelligence in Retail Market forecast cover?
• How does the competitive landscape of the Global Artificial Intelligence in Retail market appear?
• Which region dominated the Global Artificial Intelligence in Retail Market in terms of market share?
• What opportunities lie ahead for the Global Artificial Intelligence in Retail Market?
• What factors are hindering growth in the Global Artificial Intelligence in Retail market?
• Who are the major players in the Global Artificial Intelligence in Retail market?

Key offerings:

• How does Market Share, Size, and Forecast by Revenue look from 2022 to 2029?
• What are the Market Dynamics, including Growth drivers, Restraints, Investment Opportunities, and key trends?
• How is the Market Segmentation detailed by Global Artificial Intelligence in Retail ?
• Who are the Landscape leaders among key players, and who are the other prominent key players?

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About Maximize Market Research:

Maximize Market Research is a versatile market research and consulting firm comprising experts from various industries. Our coverage spans sectors such as science and engineering, electronic components, industrial equipment, technology, communication, automotive, chemicals, general merchandise, beverages, personal care, and automation systems, among others. We offer a range of services including market-verified industry estimations, technical trend analysis, vital market research, strategic advice, competition analysis, production and demand analysis, and client impact studies. Our goal is to provide comprehensive and reliable insights to help businesses make informed decisions and achieve their objectives in the market.

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