AI Carving Huge Niche In Retail Markets - Sensors Daily

Researchers at Valuates Reports say the global use of artificial intelligence (AI) in retail markets is set to reach a market share of $14.7 Billion by 2026 from $2.7 Billion in 2020, at a CAGR of 32.7%. The versatility of the technology makes it valuable for optimizing the supply chain, using existing data to improve conversion, and customizing shopping experiences through predictive modeling and micro-targeting. The company's report, titled "Global Artificial Intelligence(AI) in Retail Market Size, Status and Forecast 2020-2026", points out several trends and factors influencing the use of AI in retail markets. Some major companies in the AI arena include IBM, Microsoft, Nvidia, Amazon Web Services, Oracle, SAP, Intel, Google, Sentient Technologies, Salesforce, and Visenze. For more details, ask for a sample of the "Global Artificial Intelligence(AI) in Retail Market Size, Status and Forecast 2020-2026" report.