reports artificial intelligence
Published on : Nov 11, 2022
Artificial Intelligence In Retail Market is expected to reach US$ 49.09 Billion in 2028, growing at a CAGR of 38.05% during 2022-2028, reports Stratview Research.
Stratview Research, a leading market research firm has launched a report on the Artificial Intelligence In Retail Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
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How is the Report Helpful?
The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.
Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.
What are the Top Market Drivers?
According to the report, the artificial intelligence In retail market is driven by a host of factors, some of which are noted below:
The report also includes growth rate estimates based upon the intensity of drivers and constraints and provides the users with several graphical illustrations of the key insights.
Artificial Intelligence (AI) in Retail Market Segmentation:
Stratview Research has segmented the market in the following ways which fulfil the market data needs of multiple stakeholders across the industry value chain.
Artificial Intelligence (AI) in Retail Market Insights
Market Trends by Application Type
The AI in retail market has been classified into supply chain and logistics, product optimization, in-store navigation, payment and pricing analytics, inventory management, and Customer Relationship Management (CRM). Under these, the product optimization segment held a significant market share in 2021.
Market Trends by Technology Type
The AI in retail market has been classified into Machine Learning, Natural Language Processing, Chatbots, Image and Video Analytics, Swarm Intelligence. Under these, Natural language processing segment is expected to grow at a rapid pace whereas, Machine Learning segment is likely to dominate the market during the forecast period.
Which region offers the best opportunity and growth?
The North American market held the highest market share in 2021 and is projected to grow at a fastest CAGR in the coming years. This is ascribed to large presence of major players, early adoption of new and emerging technologies such as Big Data and AI, surging need for intelligent business processes, and increasing adoption of digital technologies, which bolsters the regional market growth during the review period.
COVID-19 Impact on the artificial intelligence in retail market
COVID-19 has put an instant halt to many industries across the globe. Lockdown norms in several countries have swiftly affected the global economy by affecting the supply chain, production, and demand in the market. Both direct, as well as indirect impacts of the pandemic, have been incorporated in this report.
To know more about the covid-19 impact, get a free sample report, here:
Who are the Top Market Players?
After a thorough analysis of the market, the experts have listed a few key players and discussed company profiles of the below-given players -
What deliverables will you get in this report?