Artificial Intelligence in Retail Market : Information by Type (Online, Offline), Component (Solution, Services), Technology (NLP, Machine Learning), Application and Region-Forecast Till 2026

Artificial Intelligence in retail market is expected to grow at CAGR of 38.5% during the forecast period, 2019–2026. AI has become a cardinal element across various industry verticals for digitalization, especially in the retail segment. According to the World Economic Forum, e-commerce is on the verge of becoming the most important retail channel, driving 42% of consumption growth and 90% of the growth from mobile e-commerce. Thus, implementing advanced technologies in e-commerce, such as artificial intelligence, would offer better prospects for the retail industry in the coming years. AI is predicted to unleash a digital disruption in retail with prominent industry players ramping-up their businesses. AI-powered solutions are increasingly becoming a priority for the food & beverage industry and retailers.