Artificial Intelligence In Retail Market Size, Share, Trends, Growth and Forecast 2032
Artificial Intelligence In Retail Market - By Deployment (Cloud and On-Premise), By Application (Supply Chain and Logistics, Product Optimization, In-Store Navigation, Payment and Pricing Analytics, Inventory Management, and Customer Relationship Management), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 9.27 Billion | USD 157.07 Billion | 32.7% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Artificial Intelligence in Retail Market, 2016–2026 (USD Billion)
- 2.2. Artificial Intelligence in Retail Market: Snapshot
- Chapter 3. Global Artificial Intelligence in Retail Market– Industry Analysis
- 3.1. Artificial Intelligence in Retail Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Artificial intelligence is evulving as a robust toul for retail brands in gaining competitive edge, thereby resulting in increment in scope of the use of artificial intelligence in retail market.
- 3.2.2. Some of the major benefits offered by AI to retail stores include automating of in-store functionalities and reduction of operational expenditure of retail units. AI also facilitates cashless transactions, offers real-time stock monitoring services, and digitize store displays. All these aspects are anticipated to steer the expansion of artificial intelligence in retail industry over the forecast period.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
- 3.4.1. Market attractiveness analysis By Application
- 3.4.2. Market attractiveness analysis By Deployment
- Chapter 4. Global Artificial Intelligence in Retail Market– Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Artificial Intelligence in Retail Market: company market share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Technology launches
- 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Artificial Intelligence in Retail Market– Application Analysis
- 5.1. Global Artificial Intelligence in Retail Market overview: By Application
- 5.1.1. Global Artificial Intelligence in Retail Market share, By Application , 2019 and 2026
- 5.2. Supply Chain and Logistics
- 5.2.1. Global Artificial Intelligence in Retail Market By Supply Chain and Logistics, 2016–2026 (USD Billion)
- 5.3. PRODUCT OPTIMIZATION
- 5.3.1. Global Artificial Intelligence in Retail Market By PRODUCT OPTIMIZATION, 2016–2026 (USD Billion)
- 5.4. In-Store Navigation
- 5.4.1. Global Artificial Intelligence in Retail Market By In-Store Navigation, 2016–2026 (USD Billion)
- 5.5. Payment and Pricing Analytics
- 5.5.1. Global Artificial Intelligence in Retail Market By Payment and Pricing Analytics, 2016–2026 (USD Billion)
- 5.6. Inventory Management
- 5.6.1. Global Artificial Intelligence in Retail Market By Inventory Management, 2016–2026 (USD Billion)
- 5.7. Customer Relationship Management
- 5.7.1. Global Artificial Intelligence in Retail Market By Customer Relationship Management, 2016–2026 (USD Billion)
- 5.1. Global Artificial Intelligence in Retail Market overview: By Application
- Chapter 6. Global Artificial Intelligence in Retail Market– Deployment Analysis
- 6.1. Global Artificial Intelligence in Retail Market overview: By Deployment
- 6.1.1. Global Artificial Intelligence in Retail Market share, By Deployment, 2019 and 2026
- 6.2. Cloud
- 6.2.1. Global Artificial Intelligence in Retail Market By Cloud , 2016–2026 (USD Billion)
- 6.3. On-Premise
- 6.3.1. Global Artificial Intelligence in Retail Market By On-Premise, 2016–2026 (USD Billion)
- 6.1. Global Artificial Intelligence in Retail Market overview: By Deployment
- Chapter 7. Company Profiles
- 7.1. NVIDIA Corporation
- 7.1.1. Overview
- 7.1.2. Financials
- 7.1.3. Technology Portfolio
- 7.1.4. Business Strategy
- 7.1.5. Recent Developments
- 7.2. Microsoft Corporation
- 7.2.1. Overview
- 7.2.2. Financials
- 7.2.3. Technology Portfolio
- 7.2.4. Business Strategy
- 7.2.5. Recent Developments
- 7.3. Intel Corporation
- 7.3.1. Overview
- 7.3.2. Financials
- 7.3.3. Technology Portfolio
- 7.3.4. Business Strategy
- 7.3.5. Recent Developments
- 7.4. Sentient Technulogies
- 7.4.1. Overview
- 7.4.2. Financials
- 7.4.3. Technology Portfolio
- 7.4.4. Business Strategy
- 7.4.5. Recent Developments
- 7.5. IBM Corporation
- 7.5.1. Overview
- 7.5.2. Financials
- 7.5.3. Technology Portfolio
- 7.5.4. Business Strategy
- 7.5.5. Recent Development
- 7.6. Google, Inc.
- 7.6.1. Overview
- 7.6.2. Financials
- 7.6.3. Technology Portfolio
- 7.6.4. Business Strategy
- 7.6.5. Recent Development
- 7.7. Salesforce
- 7.7.1. Overview
- 7.7.2. Financials
- 7.7.3. Technology Portfolio
- 7.7.4. Business Strategy
- 7.7.5. Recent Development
- 7.8. Amazon Web Services
- 7.8.1. Overview
- 7.8.2. Financials
- 7.8.3. Technology Portfolio
- 7.8.4. Business Strategy
- 7.8.5. Recent Development
- 7.1. NVIDIA Corporation
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Artificial Intelligence in Retail Market, 2016–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Artificial Intelligence in Retail Market attractiveness, By Application
6. Global Artificial Intelligence in Retail Market attractiveness, By Deployment
7. Global Artificial Intelligence in Retail Market Share by Application ,2019 and 2026 (USD Billion)
8. Global Artificial Intelligence in Retail Market by Supply Chain and Logistics,2016–2026 (USD Billion)
9. Global Artificial Intelligence in Retail Market by PRODUCT OPTIMIZATION,2016–2026 (USD Billion)
10. Global Artificial Intelligence in Retail Market by In-Store Navigation, 2016–2026 (USD Billion)
11. Global Artificial Intelligence in Retail Market by Payment and Pricing Analytics,2016–2026 (USD Billion)
12. Global Artificial Intelligence in Retail Market by Inventory Management,2016–2026 (USD Billion)
13. Global Artificial Intelligence in Retail Market by Customer Relationship Management, 2016–2026 (USD Billion)
14. Global Artificial Intelligence in Retail Market Share by Deployment ,2019 and 2026 (USD Billion)
15. Global Artificial Intelligence in Retail Market by Cloud , and,2016–2026 (USD Billion)
16. Global Artificial Intelligence in Retail Market by On-Premise,2016–2026 (USD Billion)
17. Global Artificial Intelligence in Retail Market share, by Region, 2019 and 2026
18. North America Artificial Intelligence in Retail Market, 2016–2026 (USD Billion)
19. Europe Artificial Intelligence in Retail Market, 2016–2026 (USD Billion)
20. Asia Pacific Artificial Intelligence in Retail Market, 2016–2026 (USD Billion)
21. Latin America Artificial Intelligence in Retail Market, 2016–2026 (USD Billion)
22. The Middle East and Africa Artificial Intelligence in Retail Market, 2016–2026 (USD Billion)
Table Of Tables
List of Tables
1. Global Artificial Intelligence in Retail Market: snapshot
2. Drivers of the Artificial Intelligence in Retail Market: impact analysis
3. North America Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
4. North America Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
5. The U.S. Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
6. The U.S. Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
7. Rest of North America Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
8. Rest of North America Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
9. Europe Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
10. Europe Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
11. UK Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
12. UK Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
13. France Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
14. France Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
15. Germany Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
16. Germany Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
17. Rest of Europe Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
18. Rest of Europe Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
19. Asia Pacific Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
20. Asia Pacific Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
21. China Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
22. China Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
23. Japan Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
24. Japan Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
25. India Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
26. India Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
27. Rest of Asia Pacific Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
28. Rest of Asia Pacific Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
29. Latin America Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
30. Latin America Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
31. Brazil Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
32. Brazil Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
33. Rest of Latin America Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
34. Rest of Latin America Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
35. The Middle East and Africa Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
36. The Middle East and Africa Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
37. Saudi Arabia Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
38. Saudi Arabia Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
39. South Africa Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
40. South Africa Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
41. Rest of the Middle East & Africa Artificial Intelligence in Retail Market revenue, By Application, 2016–2026 (USD Billion)
42. Rest of the Middle East & Africa Artificial Intelligence in Retail Market revenue, By Deployment, 2016–2026 (USD Billion)
Methodology
FrequentlyAsked Questions
Integration of advanced analytics and AI is likely to help the retail ecosystem expand by leaps & bounds over the assessment period. With online shopping replacing brick & mortar retail units, artificial intelligence in retail activities has become a key focus for enterprises. This will not only assist in creation of a strong platform for AI application in retail business, but will also help in laying strong foundations of growth for artificial intelligence in retail market. With customers consistently looking for personalized products & services, AI services in retail business are assisting retail stores in understanding the customer preferences, thereby offering new products aligning with customer requirements & tastes. Furthermore, disruptive effect of AI in retail industry is also experienced in value chain activities. In addition to this, artificial intelligence is evolving as a robust tool for retail brands in gaining competitive edge, thereby resulting in increment in scope of the use of artificial intelligence in retail market.
Moreover, some of the major benefits offered by AI to retail stores include automating of in-store functionalities and reduction of operational expenditure of retail units. AI also facilitates cashless transactions, offers real-time stock monitoring services, and digitize store displays. All these aspects are anticipated to steer the expansion of artificial intelligence in retail industry over the forecast period.
Artificial Intelligence In Retail Market size is set to expand from $ 9.27 Billion in 2023 to $ 157.07 Billion by 2032, with an anticipated CAGR of around 32.7% from 2024 to 2032.
North America is likely to make noteworthy contributions towards overall market revenue. The growth of the industry in the sub-continent over the estimated timespan is attributed to presence of online shopping such as Amazon, Inc. and retail firm like The Kroger Company in the U.S. Reportedly, Amazon introduced Amazon Go as well as Just Walk Out Shopping tools to reduce queues during payment. Apparently, Kroger, a retail firm based in the U.S., launched Kroger edge technology that helps in replacing conventional shelves in its retail stores with digital ones, thereby reducing down costs. With AI facilitating inventory planning as well as improving & easing logistics & supply chain management operations, the market in the sub-continent is anticipated to witness increment in growth over the forecast period.
The key players profiled in the report include are Microsoft Corporation, NVIDIA Corporation, IBM Corporation, Intel Corporation, Google Inc., Salesforce, Sentient Technologies, and Amazon Web Services.
Choose License Type
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed