Artificial Intelligence (AI) in Retail Market Bigger Than Expected | Intel Corp., Microsoft Corp., NVIDIA Corp., Oracle Corp.
Research Reports
Apr 16, 2021
The ‘ Artificial Intelligence (AI) in Retail market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Artificial Intelligence (AI) in Retail derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in Artificial Intelligence (AI) in Retail market size forecast, Get report to understand the structure of the complete fine points (Including Full TOC, List of Tables & Figures, Chart).
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Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19.
We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets.
We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore : Market Behavior/ Level of Risk and Opportunity
End Industry Behavior/ Opportunity Assessment
Expected Industry Recovery Timeline
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape.
Global Artificial Intelligence (AI) in Retail Market is valued at approximately USD 3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 29.7% over the forecast period 2020-2027. The AI has become a key component in the digitalization of in-store retail through customizing the experience of consumer and creating a more involved business-to-consumer interaction. For retail businesses, AI create an prospect to bridge the gap amongst physical and virtual sales channels. AI is also becoming an integral part for retailers because of the efficiency it brings to the operations by replacing humans. As humans are prone to errors; however, the use of AI technology helps to eliminate the inefficiencies which humans bring into operations. Therefore, the advent of AI is become increasingly popular in online retailing, and even in traditional retail stores, which may contribute towards the higher market growth worldwide. Further, the increase in the artificial intelligence (AI) in retail market is significantly imputed to the fact that online retail companies for improving the customer experience is relentlessly expanding across the globe. For instance, PayPal are using AI to spot fraudulent charges, it utilizes a homegrown AI engine built open-source tools. Such initiative will foster the adoption for AI in retail market all over the world. Furthermore, the rise in number of e-commerce transactions, along with the growing demand of AI-driven chatbots are the few factors responsible for the high CAGR of the market during the forecast period. According to the United Nations Conference on Trade and Development (UNCTAD), the global e-commerce sales accounted for around USD 25.6 trillion in 2018, demonstrating an increase of 8% from 2017. Likewise, as per the Indian Brand Equity Foundation (IBEF), the e-commerce sector remained for USD 38.5 billion in 2017 and is likely to grow to almost USD 200 billion by 2024. This, in turn, is expected to strengthen the market growth all over the world. However, the lack of infrastructure, coupled with the higher implementation costs are the few major factors inhibiting the market growth over the forecast period of 2020-2027.
The regional analysis of the global Artificial Intelligence (AI) in Retail market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of new and emerging technologies in retail stores, along with the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in number of e-commerce sector and the increasing investments in Artificial Intelligence (AI) in developing countries, such as China and India, would create lucrative growth prospects for the Artificial Intelligence (AI) in Retail market across the Asia-Pacific region.
Major market player included in this report are:
Amazon Web Series LLC
Google LLC
IBM Corp.
Intel Corp.
Microsoft Corp.
NVIDIA Corp.
Oracle Corp.
SAP SE
Conversica Inc.
Baidu Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering:
Solution
Services
By Function:
Operation-Focused
Customer-Focusing
By Technology:
Computer Vision
Machine Learning
Natural Language Processing (NLP)
Others
Target Audience of the Global Artificial Intelligence (AI) in Retail Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
A systematic step framework for How to Tackle The Situation… “MITIGATE” | “SUSTAIN” | “GROW”: Business Strategy Recovery, Scenario and Planning
Key Segments Studied in the Global Artificial Intelligence (AI) in Retail Market
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Professional Key players: Amazon Web Series LLC Google LLC IBM Corp. Intel Corp. Microsoft Corp. NVIDIA Corp. Oracle Corp. SAP SE Conversica Inc. Baidu Inc. |
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Market Segmentation: |
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Global Artificial Intelligence (AI) in Retail Market Size study, by Offering (Solution, Services), by Function (Operation-Focused, Customer-Focusing), by Technology (Computer Vision, Machine Learning, Natural Language Processing (NLP), Others) and Regional Forecasts 2020-2027 |
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
In-Depth Qualitative Analyses Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Changing Forecasts in a Time of Crisis: explores key issues, including:
- The heavy economic impacts of social distancing measures
- Future changes in consumer behavior
- The urgent need for high-frequency economic data
- Mapping Out a Potential Recovery
- Business Strategies During COVID-19
- Near & Long Term Risk Outlook, Risk Assessment and Opportunities
Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster speed and why?
Q.3 Which regions will grow at a faster speed and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats of market?
Q.6 What are emerging trends in market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market?
Q.11 What M & A activities have taken place in the last five years in this market?
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Key Points Covered in Artificial Intelligence (AI) in Retail Market Report: COVID 19 Impact Analysis
Report Overview
- Study Scope
- Key Market Segments
- Regulatory Scenario by Region/Country
- Market Investment Scenario Strategic
Global Market Growth Trends
- Industry Trends
- SWOT Analysis
- Porter’s Five Forces Analysis
- Potential Market and Growth Potential Analysis
- Industry News and Policies by Regions
- Industry News
- Industry Policies
- Industry Trends Under COVID-19
Value Chain Artificial Intelligence (AI) in Retail Market
- Value Chain Status
- Artificial Intelligence (AI) in Retail Market Manufacturing Cost Structure Analysis
- Production Process Analysis
- Manufacturing Cost Structure of Artificial Intelligence (AI) in Retail Market
- Sales and Marketing Model Analysis
- Downstream Major Customer Analysis (by Region)
- Value Chain Status Under COVID-19
Artificial Intelligence (AI) in Retail Market Production, Revenue (Value), Price Trend by Type
- Production and Market Share by Type
- Revenue and Market Share by Type
- Price by Type
Artificial Intelligence (AI) in Retail Market Production, Consumption, Export, Import by Region
- Production, Consumption, Export, Import by Region
- Production, Consumption, Export, Import by Country
- Production, Revenue, Price and Gross Margin
Industrial Chain, Sourcing Strategy and Downstream Buyers
- Artificial Intelligence (AI) in Retail Market Industrial Chain Analysis
- Downstream Buyers
- Market Sales, Revenue and Growth Rate
- Market Production, Consumption, Export and Import Forecast by Region
- Artificial Intelligence (AI) in Retail Market Production, Revenue and Price Forecast by Type
- Artificial Intelligence (AI) in Retail Market Consumption Forecast by Application
- Artificial Intelligence (AI) in Retail Market Forecast Under COVID-19
Continued….
……..and view more in complete table of Contents
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