SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Artificial Intelligence (AI) in Retail – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: May 2021
Executive Pool: 133779
Companies: 91 – Players covered include Amazon Web Services; Bloomreach, Inc.; Google LLC; IBM Corporation; intel Corporation; Microsoft Corporation; NVidia Corporation; Oracle Corporation; Salesforce.Com, Inc.; SAP SE; Sentient technologies; ViSenze and Others.
Coverage: All major geographies and key segments
Segments: Technology (Machine Learning & Deep Learning, Natural Language Processing, Other Technologies); Type (Online, Offline); Deployment (Cloud, On-Premise)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Artificial Intelligence (AI) in Retail Market to Reach $18.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) in Retail estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$18.5 Billion by 2026, growing at a CAGR of 35.8% over the analysis period. Machine Learning & Deep Learning, one of the segments analyzed in the report, is projected to record a 34.2% CAGR and reach US$10.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Natural Language Processing segment is readjusted to a revised 38% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $2.8 Billion by 2026
The Artificial Intelligence (AI) in Retail market in the U.S. is estimated at US$1.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2026 trailing a CAGR of 34.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 31.9% and 30.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 25.1% CAGR.

Online (Type) Segment to Reach US$12.3 Billion by the year 2026
In the global Online (Type) segment, USA, Canada, Japan, China and Europe will drive the 35.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$12 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.