Global Artificial Intelligence in Retail Market to Reach $36.87 Billion by 2030 Driven by Rising Adoption of Big Data Analytics and AI

Maximize Market Research Announces Global Artificial Intelligence in Retail Market to Reach $36.87 Billion by 2030

The global Artificial Intelligence (AI) in Retail market is poised for significant growth, reaching an estimated value of USD 36.87 billion by 2030. This translates to a Compound Annual Growth Rate (CAGR) of 23.87% from 2024, driven by the increasing adoption of big data analytics and AI in retail operations.

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Market on the Rise: AI in Retail Valued at $8.24 Billion in 2023

The AI in Retail market stood at USD 8.24 billion in 2023. The rising penetration of smart devices, coupled with advancements in cloud services and the Internet of Things (IoT), is fueling the market's expansion. These factors are enabling retailers to leverage AI for tasks like product recommendations, customer relationship management, and supply chain optimization.

AI Transforming Retail: Personalization, Optimization, and More

The report by Maximize Market Research delves into the market overview and dynamics, highlighting how AI is transforming the retail landscape. It explores the application of AI-powered analytics, natural language processing, computer vision, and robotics across various retail functions.

Unveiling Market Insights: Key Questions Answered

The report sheds light on critical questions like:

• Which product segment holds the dominant market share?
• What is the projected CAGR for the AI in Retail market?
• What are the key factors driving market growth?
• Which region is expected to lead the market?
• Who are the prominent players in the AI in Retail landscape?

Deep Dive into Market Segmentation: Unlocking Growth Potential

The report offers a comprehensive segmentation of the AI in Retail market, categorized by:

• Type: Online and Offline
• Solution: Product Recommendation & Planning, Customer Relationship Management, Visual Search, Virtual Assistant, Price Optimization, and more
• Technology: Machine Learning & Deep Learning, Natural Language Processing, and others
• Deployment Mode: Cloud and On-Premises
• Application: Predictive Merchandising, Programmatic Advertising, Market Forecasting, In-Store Visual Monitoring and Surveillance, Location-Based Marketing, and others

Geographical Analysis: Identifying Regional Trends

The report provides a geographical analysis, examining the AI in Retail market across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. This analysis helps understand the influence of political, regional, and consumer buying behaviors on market dynamics in each region.

Key Players Shaping the Future

The report identifies leading players in the AI in Retail market, including IBM Corporation, Microsoft Corporation, Amazon Web Services, Oracle, SAP, Google Inc., NVIDIA Corporation, Intel Corporation, Baidu Inc., BloomReach Inc., and others. It explores their growth strategies, product launches, and market contributions.

Table of Contents: Function as a Service Market

• Part 1: Overview of Function as a Service Market

• Part 2: Epigenetics Carts: Global Market Status and Forecast by Regions

• Part 3: Global Market Status and Forecast by Types

• Part 4: Global Market Status and Forecast by Downstream Industry

• Part 5: Market Driving Factor Analysis

• Part 6: Market Competition Status by Major Manufacturers

• Part 7: Major Manufacturers Introduction and Market Data

• Part 8: Upstream and Downstream Market Analysis

• Part 9: Cost and Gross Margin Analysis

• Part 10: Marketing Status Analysis

• Part 11: Market Report Conclusion

• Part 12: Epigenetics: Research Methodology and Reference 

Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Market” https://www.maximizemarketresearch.com/market-report/artificial-intelligence-ai-in-retail-market/1893/ 

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