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Global Artificial Intelligence in Retail Market Size by Type, by Technology (Machine Learning and Deep Learning, Natural Language Processing, Others ) By Application, and Regional Forecasts 2021-2027

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Global Artificial Intelligence in Retail Market Size by Type, by Technology (Machine Learning and Deep Learning, Natural Language Processing, Others ) By Application, and Regional Forecasts 2021-2027
Published: June 5, 2021 Content info:
Description

Global Artificial Intelligence in Retail Market is valued approximately at USD 1.80 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 35% over the forecast period 2021-2027. Artificial intelligence has the capacity to handle certain operations in the retail sector without human intervention, thus eliminating human error. AI drives faster decision making in marketing, e-commerce and other areas of business. Growing investment in AI technology in order to develop innovative market to improve customer experience in retail sector is the driving factor for the market. The COVID-19 pandemic has let the shutdown of many retail sectors all over the world and consumer preference has shifted towards online platforms. The retail sector has integrated AI in their shopping portals to improve customer experience, driving the growth of the market. Currently over 28% of retailers are using AI and machine learning. But increased cases of risk with security issues in AI is the major restraint for the market. Also, small and medium sized retailers lack the implementation of AI because of lack of infrastructure and skilled workers. But technological developments including chatbots, recommending engines, voice search etc. help in analyzing customer behavior and patterns and provide personalized solutions, thus leading the adoption of AI in the retail sector. For instance, image recognition technology from Cortexica promises close to 95% accuracy. Chatbots helps the customers to interact via virtual assistance. Companies such as Walmart use Google and Amazon's AI technology to provide voice search. 27% of the users use voice search and 52% prefer using it on mobile apps. All these advancement gives the opportunity to the sector to flourish in the forecasted period.

The global Artificial Intelligence in Retail market is segmented into key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World for regional analysis. North America holds the largest share of the AI in retail market. Asia Pacific is also expected to witness rapid growth during the forecast period because of increase in supporting industries such as IT, e-commerce, economic growth and increased purchasing power of the customers.

Major market player included in this report are

IBM

Microsoft

Amazon Web Services

Oracle

SAP

Intel

NVIDIA

Google

Sentient technologies

Salesforce

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 Type:

Online

Offline

By Technology:

Machine Learning and Deep Learning

Natural Language Processing

Others (Analytics and Process Automation)

By Application:

Automated Merchandising

Programmatic Advertising

Market Forecasting

In-Store AI & Location Optimization

Data Science

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019

Base year - 2020

Forecast period - 2021 to 2027.

Target Audience of the Global Artificial Intelligence 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

Table of Contents

Table of Contents

Chapter 1.Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
    • 1.2.1. Artificial Intelligence in Retail Market , by Region, 2019-2027 (USD Billion)
    • 1.2.2. Artificial Intelligence in Retail Market , by Type, 2019-2027 (USD Billion)
    • 1.2.3. Artificial Intelligence in Retail Market , by Technology , 2019-2027 (USD Billion)
    • 1.2.4. Artificial Intelligence in Retail Market , by Application, 2019-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Artificial Intelligence in Retail Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Artificial Intelligence in Retail Market Dynamics

  • 3.1. Artificial Intelligence in Retail Market Impact Analysis (2019-2027)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Impact of COVID-19
      • 3.1.1.2. Investment in AI technology
    • 3.1.2. Market Restraint
      • 3.1.2.1. Security issues faced in AI
      • 3.1.2.2. Limited public-private partnership to address social implications
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Chatbots, Recommending engines, Voice search etc.

Chapter 4. Global Artificial Intelligence in Retail Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Artificial Intelligence in Retail Market, by Type

  • 5.1. Market Snapshot
  • 5.2. Global Artificial Intelligence in Retail Market by Type, Performance - Potential Analysis
  • 5.3. Global Artificial Intelligence in Retail Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
  • 5.4. Artificial Intelligence in Retail Market , Sub Segment Analysis
    • 5.4.1. Online
    • 5.4.2. Offline

Chapter 6. Global Artificial Intelligence in Retail Market, by Technology

a. Market Snapshot

  • 6.1. Global Artificial Intelligence in Retail Market by Technology, Performance - Potential Analysis
  • 6.2. Global Artificial Intelligence in Retail Market Estimates & Forecasts by Technology 2018-2027 (USD Billion)
  • 6.3. Artificial Intelligence in Retail Market , Sub Segment Analysis
    • 6.3.1. Machine Learning and Deep Learning
    • 6.3.2. Natural Language Processing
    • 6.3.3. Others (Analytics and Process Automation)

Chapter 7. Global Artificial Intelligence in Retail Market, by Application

b. Market Snapshot

  • 7.1. Global Artificial Intelligence in Retail Market by Application, Performance - Potential Analysis
  • 7.2. Global Artificial Intelligence in Retail Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
  • 7.3. Artificial Intelligence in Retail Market , Sub Segment Analysis
    • 7.3.1. Automated Merchandising
    • 7.3.2. Programmatic Advertising
    • 7.3.3. Market Forecasting
    • 7.3.4. In-Store AI & Location Optimization
    • 7.3.5. Data Science

Chapter 8. Global Artificial Intelligence in Retail Market, Regional Analysis

  • 8.1. Artificial Intelligence in Retail Market , Regional Market Snapshot
  • 8.2. North America Artificial Intelligence in Retail Market
    • 8.2.1. U.S. Artificial Intelligence in Retail Market
      • 8.2.1.1. Type breakdown estimates & forecasts, 2018-2027
      • 8.2.1.2. Technology breakdown estimates & forecasts, 2018-2027
      • 8.2.1.3. Application breakdown estimates & forecasts, 2018-2027
    • 8.2.2. Canada Artificial Intelligence in Retail Market
  • 8.3. Europe Artificial Intelligence in Retail Market Snapshot
    • 8.3.1. U.K. Artificial Intelligence in Retail Market
    • 8.3.2. Germany Artificial Intelligence in Retail Market
    • 8.3.3. France Artificial Intelligence in Retail Market
    • 8.3.4. Spain Artificial Intelligence in Retail Market
    • 8.3.5. Italy Artificial Intelligence in Retail Market
    • 8.3.6. Rest of Europe Artificial Intelligence in Retail Market
  • 8.4. Asia-Pacific Artificial Intelligence in Retail Market Snapshot
    • 8.4.1. China Artificial Intelligence in Retail Market
    • 8.4.2. India Artificial Intelligence in Retail Market
    • 8.4.3. Japan Artificial Intelligence in Retail Market
    • 8.4.4. Australia Artificial Intelligence in Retail Market
    • 8.4.5. South Korea Artificial Intelligence in Retail Market
    • 8.4.6. Rest of Asia Pacific Artificial Intelligence in Retail Market
  • 8.5. Latin America Artificial Intelligence in Retail Market Snapshot
    • 8.5.1. Brazil Artificial Intelligence in Retail Market
    • 8.5.2. Mexico Artificial Intelligence in Retail Market
  • 8.6. Rest of The World Artificial Intelligence in Retail Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. IBM
      • 9.2.1.1. Key Information
      • 9.2.1.2. Overview
      • 9.2.1.3. Financial (Subject to Data Availability)
      • 9.2.1.4. Product Summary
      • 9.2.1.5. Recent Developments
    • 9.2.2. Microsoft
    • 9.2.3. Amazon Web Services
    • 9.2.4. Oracle
    • 9.2.5. SAP
    • 9.2.6. Intel
    • 9.2.7. NVIDIA
    • 9.2.8. Google
    • 9.2.9. Sentient technologies
    • 9.2.10. Salesforce

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
  • 10.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Artificial Intelligence in Retail Market , report scope
  • TABLE 2. Global Artificial Intelligence in Retail Market estimates & forecasts by region 2018-2027 (USD Billion)
  • TABLE 3. Global Artificial Intelligence in Retail Market estimates & forecasts by Type 2018-2027 (USD Billion)
  • TABLE 4. Global Artificial Intelligence in Retail Market estimates & forecasts by Technology 2018-2027 (USD Billion)
  • TABLE 5. Global Artificial Intelligence in Retail Market estimates & forecasts by Application 2018-2027 (USD Billion)
  • TABLE 6. Global Artificial Intelligence in Retail Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 7. Global Artificial Intelligence in Retail Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 8. Global Artificial Intelligence in Retail Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 9. Global Artificial Intelligence in Retail Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 10. Global Artificial Intelligence in Retail Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 11. Global Artificial Intelligence in Retail Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 12. Global Artificial Intelligence in Retail Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 13. Global Artificial Intelligence in Retail Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 14. Global Artificial Intelligence in Retail Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 15. Global Artificial Intelligence in Retail Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 16. Global Artificial Intelligence in Retail Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 17. Global Artificial Intelligence in Retail Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 18. Global Artificial Intelligence in Retail Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 19. Global Artificial Intelligence in Retail Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 20. Global Artificial Intelligence in Retail Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 21. Global Artificial Intelligence in Retail Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 22. U.S. Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 23. U.S. Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 24. U.S. Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 25. Canada Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 26. Canada Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 27. Canada Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 28. UK Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 29. UK Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 30. UK Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 31. Germany Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 32. Germany Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 33. Germany Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 34. France Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 35. France Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 36. France Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 37. Spain Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 1. Spain Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 2. Spain Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 3. Italy Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 4. Italy Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 5. Italy Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 6. ROE Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 7. ROE Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 8. ROE Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 9. China Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 10. China Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 11. China Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 12. India Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 13. India Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 14. India Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 15. Japan Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 16. Japan Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 17. Japan Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 18. Australia Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 19. Australia Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 20. Australia Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 21. South Korea Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 22. South Korea Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 23. South Korea Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 24. ROPAC Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 25. ROPAC Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 26. ROPAC Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 27. Brazil Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 28. Brazil Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 29. Brazil Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 30. Mexico Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 31. Mexico Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 32. Mexico Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 33. ROLA Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 34. ROLA Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 35. ROLA Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 36. ROW Artificial Intelligence in Retail Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 37. ROW Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 38. ROW Artificial Intelligence in Retail Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 39. List of secondary sources used in the study of global Artificial Intelligence in Retail Market .
  • TABLE 40. List of primary sources used in the study of global Artificial Intelligence in Retail Market .
  • TABLE 41. Years considered for the study.
  • TABLE 42. Exchange rates considered.

LIST OF FIGURES

List of figures

  • FIG 1. Global Artificial Intelligence in Retail Market , research methodology
  • FIG 2. Global Artificial Intelligence in Retail Market , market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Artificial Intelligence in Retail Market , key trends 2020
  • FIG 5. Global Artificial Intelligence in Retail Market , growth prospects 2021-2027
  • FIG 6. Global Artificial Intelligence in Retail Market , porters 5 force model
  • FIG 7. Global Artificial Intelligence in Retail Market , pest analysis
  • FIG 8. Global Artificial Intelligence in Retail Market , value chain analysis
  • FIG 9. Global Artificial Intelligence in Retail Market by segment, 2018 & 2027 (USD Billion)
  • FIG 10. Global Artificial Intelligence in Retail Market by segment, 2018 & 2027 (USD Billion)
  • FIG 11. Global Artificial Intelligence in Retail Market by segment, 2018 & 2027 (USD Billion)
  • FIG 12. Global Artificial Intelligence in Retail Market by segment, 2018 & 2027 (USD Billion)
  • FIG 13. Global Artificial Intelligence in Retail Market by segment, 2018 & 2027 (USD Billion)
  • FIG 14. Global Artificial Intelligence in Retail Market by segment, 2018 & 2027 (USD Billion)
  • FIG 15. Global Artificial Intelligence in Retail Market by segment, 2018 & 2027 (USD Billion)
  • FIG 16. Global Artificial Intelligence in Retail Market by segment, 2018 & 2027 (USD Billion)
  • FIG 17. Global Artificial Intelligence in Retail Market , regional snapshot 2018 & 2027
  • FIG 18. North America Artificial Intelligence in Retail Market 2018 & 2027 (USD Billion)
  • FIG 19. Europe Artificial Intelligence in Retail Market 2018 & 2027 (USD Billion)
  • FIG 20. Asia-Pacific Artificial Intelligence in Retail Market 2018 & 2027 (USD Billion)
  • FIG 21. Latin America Artificial Intelligence in Retail Market 2018 & 2027 (USD Billion)
  • FIG 22. Global Artificial Intelligence in Retail Market , company market share analysis (2020)
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