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Global Artificial Intelligence in Retail Market Size study, by Offering, by Function, by Technology (Computer Vision, Machine Learning, Natural Language Processing, Others) and Regional Forecasts 2020-2027

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Global Artificial Intelligence in Retail Market Size study, by Offering, by Function, by Technology (Computer Vision, Machine Learning, Natural Language Processing, Others) and Regional Forecasts 2020-2027
Published: February 15, 2021 Content info:
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Title:
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.

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

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 - 2017, 2018

Base year - 2019

Forecast period - 2020 to 2027

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

Table of Contents

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
    • 1.2.1. Artificial Intelligence (AI) in Retail Market, by Region, 2018-2027 (USD Billion)
    • 1.2.2. Artificial Intelligence (AI) in Retail Market, by Offering, 2018-2027 (USD Billion)
    • 1.2.3. Artificial Intelligence (AI) in Retail Market, by Function, 2018-2027 (USD Billion)
    • 1.2.4. Artificial Intelligence (AI) in Retail Market, by Technology, 2018-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Artificial Intelligence (AI) 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 (AI) in Retail Market Dynamics

  • 3.1. Artificial Intelligence (AI) in Retail Market Impact Analysis (2018-2027)
    • 3.1.1. Market Drivers
    • 3.1.2. Market Challenges
    • 3.1.3. Market Opportunities

Chapter 4. Global Artificial Intelligence (AI) 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 (2017-2027)
  • 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 (AI) in Retail Market, by Offering

  • 5.1. Market Snapshot
  • 5.2. Global Artificial Intelligence (AI) in Retail Market by Offering, Performance - Potential Analysis
  • 5.3. Global Artificial Intelligence (AI) in Retail Market Estimates & Forecasts by Offering 2017-2027 (USD Billion)
  • 5.4. Artificial Intelligence (AI) in Retail Market, Sub Segment Analysis
    • 5.4.1. Solution
    • 5.4.2. Services

Chapter 6. Global Artificial Intelligence (AI) in Retail Market, by Function

  • 6.1. Market Snapshot
  • 6.2. Global Artificial Intelligence (AI) in Retail Market by Function, Performance - Potential Analysis
  • 6.3. Global Artificial Intelligence (AI) in Retail Market Estimates & Forecasts by Function 2017-2027 (USD Billion)
  • 6.4. Artificial Intelligence (AI) in Retail Market, Sub Segment Analysis
    • 6.4.1. Operation-Focused
    • 6.4.2. Customer-Focusing

Chapter 7. Global Artificial Intelligence (AI) in Retail Market, by Technology

  • 7.1. Market Snapshot
  • 7.2. Global Artificial Intelligence (AI) in Retail Market by Technology - Potential Analysis
  • 7.3. Global Artificial Intelligence (AI) in Retail Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)
  • 7.4. Artificial Intelligence (AI) in Retail Market, Sub Segment Analysis
    • 7.4.1. Computer Vision
    • 7.4.2. Machine Learning
    • 7.4.3. Natural Language Processing (NLP)
    • 7.4.4. Others

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

  • 8.1. Artificial Intelligence (AI) in Retail Market, Regional Market Snapshot
  • 8.2. North America Artificial Intelligence (AI) in Retail Market
    • 8.2.1. U.S. Artificial Intelligence (AI) in Retail Market
      • 8.2.1.1. Offering breakdown estimates & forecasts, 2017-2027
      • 8.2.1.2. Function breakdown estimates & forecasts, 2017-2027
      • 8.2.1.3. Technology breakdown estimates & forecasts, 2017-2027
    • 8.2.2. Canada Artificial Intelligence (AI) in Retail Market
  • 8.3. Europe Artificial Intelligence (AI) in Retail Market Snapshot
    • 8.3.1. U.K. Artificial Intelligence (AI) in Retail Market
    • 8.3.2. Germany Artificial Intelligence (AI) in Retail Market
    • 8.3.3. France Artificial Intelligence (AI) in Retail Market
    • 8.3.4. Spain Artificial Intelligence (AI) in Retail Market
    • 8.3.5. Italy Artificial Intelligence (AI) in Retail Market
    • 8.3.6. Rest of Europe Artificial Intelligence (AI) in Retail Market
  • 8.4. Asia-Pacific Artificial Intelligence (AI) in Retail Market Snapshot
    • 8.4.1. China Artificial Intelligence (AI) in Retail Market
    • 8.4.2. India Artificial Intelligence (AI) in Retail Market
    • 8.4.3. Japan Artificial Intelligence (AI) in Retail Market
    • 8.4.4. Australia Artificial Intelligence (AI) in Retail Market
    • 8.4.5. South Korea Artificial Intelligence (AI) in Retail Market
    • 8.4.6. Rest of Asia Pacific Artificial Intelligence (AI) in Retail Market
  • 8.5. Latin America Artificial Intelligence (AI) in Retail Market Snapshot
    • 8.5.1. Brazil Artificial Intelligence (AI) in Retail Market
    • 8.5.2. Mexico Artificial Intelligence (AI) in Retail Market
  • 8.6. Rest of The World Artificial Intelligence (AI) in Retail Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. Amazon Web Series LLC
      • 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. Google LLC
    • 9.2.3. IBM Corp.
    • 9.2.4. Intel Corp.
    • 9.2.5. Microsoft Corp.
    • 9.2.6. NVIDIA Corp.
    • 9.2.7. Oracle Corp.
    • 9.2.8. SAP SE
    • 9.2.9. Conversica Inc.
    • 9.2.10. Baidu Inc.

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 (AI) in Retail market, report scope
  • TABLE 2. Global Artificial Intelligence (AI) in Retail market estimates & forecasts by region 2017-2027 (USD Billion)
  • TABLE 3. Global Artificial Intelligence (AI) in Retail market estimates & forecasts by Offering 2017-2027 (USD Billion)
  • TABLE 4. Global Artificial Intelligence (AI) in Retail market estimates & forecasts by Function 2017-2027 (USD Billion)
  • TABLE 5. Global Artificial Intelligence (AI) in Retail market estimates & forecasts by Technology 2017-2027 (USD Billion)
  • TABLE 6. Global Artificial Intelligence (AI) in Retail market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 7. Global Artificial Intelligence (AI) in Retail market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 8. Global Artificial Intelligence (AI) in Retail market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 9. Global Artificial Intelligence (AI) in Retail market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 10. Global Artificial Intelligence (AI) in Retail market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 11. Global Artificial Intelligence (AI) in Retail market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 12. Global Artificial Intelligence (AI) in Retail market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 13. Global Artificial Intelligence (AI) in Retail market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 14. Global Artificial Intelligence (AI) in Retail market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 15. Global Artificial Intelligence (AI) in Retail market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 16. Global Artificial Intelligence (AI) in Retail market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 17. Global Artificial Intelligence (AI) in Retail market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 18. Global Artificial Intelligence (AI) in Retail market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 19. Global Artificial Intelligence (AI) in Retail market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 20. Global Artificial Intelligence (AI) in Retail market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 21. Global Artificial Intelligence (AI) in Retail market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 22. U.S. Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 23. U.S. Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 24. U.S. Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 25. Canada Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 26. Canada Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 27. Canada Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 28. UK Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 29. UK Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 30. UK Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 31. Germany Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 32. Germany Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 33. Germany Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 34. France Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 35. France Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 36. France Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 37. Spain Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 38. Spain Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 39. Spain Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 40. Italy Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 41. Italy Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 42. Italy Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 43. ROE Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 44. ROE Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 45. ROE Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 46. China Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 47. China Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 48. China Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 49. India Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 50. India Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 51. India Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 52. Japan Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 53. Japan Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 54. Japan Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 55. Australia Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 56. Australia Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 57. Australia Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 58. South Korea Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 59. South Korea Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 60. South Korea Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 61. ROPAC Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 62. ROPAC Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 63. ROPAC Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 64. Brazil Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 65. Brazil Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 66. Brazil Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 67. Mexico Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 68. Mexico Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 69. Mexico Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 70. ROLA Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 71. ROLA Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 72. ROLA Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 73. ROW Artificial Intelligence (AI) in Retail market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 74. ROW Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 75. ROW Artificial Intelligence (AI) in Retail market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 76. List of secondary sources, used in the study of global Artificial Intelligence (AI) in Retail market
  • TABLE 77. List of primary sources, used in the study of global Artificial Intelligence (AI) in Retail market
  • TABLE 78. Years considered for the study
  • TABLE 79. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. Global Artificial Intelligence (AI) in Retail market, research methodology
  • FIG 2. Global Artificial Intelligence (AI) in Retail market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Artificial Intelligence (AI) in Retail market, key trends 2019
  • FIG 5. Global Artificial Intelligence (AI) in Retail market, growth prospects 2020-2027
  • FIG 6. Global Artificial Intelligence (AI) in Retail market, porters 5 force Model
  • FIG 7. Global Artificial Intelligence (AI) in Retail market, pest analysis
  • FIG 8. Global Artificial Intelligence (AI) in Retail market, value chain analysis
  • FIG 9. Global Artificial Intelligence (AI) in Retail market by segment, 2017 & 2027 (USD Billion)
  • FIG 10. Global Artificial Intelligence (AI) in Retail market by segment, 2017 & 2027 (USD Billion)
  • FIG 11. Global Artificial Intelligence (AI) in Retail market by segment, 2017 & 2027 (USD Billion)
  • FIG 12. Global Artificial Intelligence (AI) in Retail market by segment, 2017 & 2027 (USD Billion)
  • FIG 13. Global Artificial Intelligence (AI) in Retail market by segment, 2017 & 2027 (USD Billion)
  • FIG 14. Global Artificial Intelligence (AI) in Retail market by segment, 2017 & 2027 (USD Billion)
  • FIG 15. Global Artificial Intelligence (AI) in Retail market by segment, 2017 & 2027 (USD Billion)
  • FIG 16. Global Artificial Intelligence (AI) in Retail market by segment, 2017 & 2027 (USD Billion)
  • FIG 17. Global Artificial Intelligence (AI) in Retail market, regional snapshot 2017 & 2027
  • FIG 18. North America Artificial Intelligence (AI) in Retail market 2017 & 2027 (USD Billion)
  • FIG 19. Europe Artificial Intelligence (AI) in Retail market 2017 & 2027 (USD Billion)
  • FIG 20. Asia-Pacific Artificial Intelligence (AI) in Retail market 2017 & 2027 (USD Billion)
  • FIG 21. Latin America Artificial Intelligence (AI) in Retail market 2017 & 2027 (USD Billion)
  • FIG 22. Global Artificial Intelligence (AI) in Retail market, company market share analysis (2019)
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