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At 39% CAGR, Growing Demand and Trends in Artificial Intelligence (AI) in Retail Market Share Will Hit USD 20.05 Billion Revenues by 2026, According to Facts & Factors

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New York, NY, May 26, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled "Artificial Intelligence in Retail Market By Type (Offline, and Online), By Technology (Natural Language Processing, Machine Learning, and Deep Learning, and Others), By Solution (Customer Relationship Management, Payment Services management, Price Optimization, Product Recommendation, and Planning, Supply chain management and Demand Planning, Virtual Assistant, Visual Search, Others) By Service (Managed Services, and Professional Services), By Deployment Model (On-Premises, and Cloud), and By Application (In-Store Visual Monitoring and Surveillance, Location-Based Marketing, Market Forecasting, Predictive Merchandising, Programmatic Advertising, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026". "According to the research report, the global Artificial Intelligence in Retail Market was estimated at USD 2.7 Billion in 2019 and is expected to reach USD 20.05 Billion by 2026. The global Artificial Intelligence in Retail Market is expected to grow at a compound annual growth rate (CAGR) of 39% from 2020 to 2026". Digitalization in retail is much more than just linking objects. It's about turning data into observations that guide decisions that produce better market results.


10 Applications of AI That Are Proving to Be Game Changers for Retail

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Retail is a highly data driven industry. Retailers have been using traditional analytics over the years. However, the advent of Artificial Intelligence (AI) and Machine Learning (ML) has opened up a whole lot of new possibilities to gain deeper insights with data processing. The artificial intelligence in retail market is expected to grow at a CAGR of 35.9% from 2019 to 2025 to reach $15.3 billion by 2025. The growth in the artificial intelligence services in retail market is driven by several factors such as the rising number of internet users, increasing adoption of smart devices, rapid adoption of advances in technology across retail chain, and increasing adoption of the multi-channel or omnichannel retailing strategy.


Artificial Intelligence

#artificialintelligence

Retail is a powerful data-driven industry. Retailers use traditional analysis over the years. However, the advent of artificial intelligence (AI) and machine learning (ML) has opened many new opportunities to gain a deeper understanding of data processing. The artificial intelligence retail market is expected to grow at a CAGR of 35.9% from 2019 to 2025 to reach $ 15.3 billion by 2025. The growth of artificial intelligence services on the retail market is driven by several factors such as the growing number of Internet users, the increasing adoption of smart devices, the rapid adoption of technological advances across the retail chain, and the increasing adoption of multi-channel or Omni retail strategy.


Artificial Intelligence in Retail Market 2020-2026

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Artificial Intelligence in Retail Market Research Report is a Proficient and In-Depth Study on the Existing State of Artificial Intelligence in Retail Industry.


AI Carving Huge Niche In Retail Markets - Sensors Daily

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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.


Artificial Intelligence(AI) in Retail Market: Worldwide Survey On Product Need 2026 – 3w Market News Reports

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The recent report on "Global Artificial Intelligence(AI) in Retail Market Size, Status and Forecast 2020-2026" offered by Researchmoz.us, Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the "Artificial Intelligence(AI) in Retail market". This is the most recent report inclusive of the COVID-19 effects on the functioning of the market. It is well known that some changes, for the worse, were administered by the pandemic on all industries. The current scenario of the business sector and pandemic's impact on the past and future of the industry are covered in this report.


Artificial Intelligence in Retail Market Share, Scope, Trends, Drivers, Challenges – Forecast 2023 – Latest Herald

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Artificial Intelligence is anticipated to disrupt every business and enterprises across the world. One of the major factors that drive the growth of artificial intelligence market in retail is the advancement in big data, and adoption of artificial intelligence enabled devices and services across various different domains. Additionally, the expansion of human-aware artificial intelligence systems and the wide scope of AI technologies are the opportunities in retail market that exist at present. Further, artificial intelligence technologies are the future for many industries that are determined for effective, low-cost operations and high productivity in their respective business segments and markets. The factors that drive the market growth comprise of growing need for surveillance and monitoring at a brick and mortar store, rising responsiveness and application of artificial intelligence in the retail industry for effective logistics and product delivery, improved user-experience, amended productivity, and higher return on investment (RoI).


Artificial Intelligence in Retail Market Share, Scope, Trends, Drivers, Challenges - Forecast 2023

#artificialintelligence

Artificial Intelligence is anticipated to disrupt every business and enterprises across the world. One of the major factors that drive the growth of artificial intelligence market in retail is the advancement in big data, and adoption of artificial intelligence enabled devices and services across various different domains. Additionally, the expansion of human-aware artificial intelligence systems and the wide scope of AI technologies are the opportunities in retail market that exist at present. Further, artificial intelligence technologies are the future for many industries that are determined for effective, low-cost operations and high productivity in their respective business segments and markets. The factors that drive the market growth comprise of growing need for surveillance and monitoring at a brick and mortar store, rising responsiveness and application of artificial intelligence in the retail industry for effective logistics and product delivery, improved user-experience, amended productivity, and higher return on investment (RoI).


AI in Retail Market is driven by increasing adoption of ai for multi-channel marketing

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The AI in retail market is anticipated to reach $4,337.1 million by 2024, registering a CAGR of 35.4% during the forecast period. The retail e-commerce industry is predicted to value $4.8 trillion by 2021, witnessing a massive surge in its revenue from $2.3 million in 2017. The credit of the impressive growth of this industry is mainly due to the popularity of the internet and its easy access to virtually every individual on this planet. Further, technological advancements in various fields have led to the development of smarter devices, easy payment methods and gateways, and connected logistics network; all of these have been major contributors in the popularity of retail e-commerce websites. During 2014–2018, machine learning was most extensively used in the retail e-commerce domain.


Machine Learning in Retail Market Study Report (2019-2027), Competitive Analysis, Proposal Strategy, Potential Targets, Assessment And Recommendations

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Market Expertz has recently published a new study in its database that highlights the in-depth market analysis with the future prospects of the Machine Learning in Retail market. The study covers significant data which makes the research document a handy resource for the managers, industry executives and other key people. It provides them with a ready-to-access and self analyzed study along with the graphs and tables that will help them understand the market trends, drivers, restraints and the market challenges. The research report covers the current market size of the Global Machine Learning in Retail market and its growth rates based on historical analysis. This study also contains company profiling, product picture and specifications, sales, market share, and contact information of the various international, regional, and local vendors Machine Learning in Retail Market.