PUBLISHER: TechNavio | PRODUCT CODE: 1915390
PUBLISHER: TechNavio | PRODUCT CODE: 1915390
The global artificial intelligence (ai) market in retail sector is forecasted to grow by USD 51905.5 mn during 2024-2029, accelerating at a CAGR of 40.3% during the forecast period. The report on the global artificial intelligence (ai) market in retail sector provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in investments and research and development in AI startups, increased efficiency of operations, ease in handling customer-front operations.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 34.7% |
| CAGR | 40.3% |
| Incremental Value | $51905.5 mn |
Technavio's global artificial intelligence (ai) market in retail sector is segmented as below:
By Application
By Technology
By Deployment
Geography
This study identifies the increased applications in e-commerce as one of the prime reasons driving the global artificial intelligence (ai) market in retail sector growth during the next few years. Also, increased availability of cloud-based applications and bridging offline and online experiences will lead to sizable demand in the market.
The report on the global artificial intelligence (ai) market in retail sector covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global artificial intelligence (ai) market in retail sector vendors that include Accenture PLC, Amazon Web Services Inc., BloomReach Inc., Capgemini Service SAS, Daisy Intelligence Corp., Evolv Technology Solutions Inc., Inbenta Holdings Inc., Infosys Ltd., Intel Corp., IBM Corp., Mad Street Den Inc., Microsoft Corp., NVIDIA Corp., Oracle Corp., Punchh Inc., Salesforce Inc., SAP SE, Symphony Retail Solutions, Trax Technology Solutions Pte. Ltd.. Also, the global artificial intelligence (ai) market in retail sector analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.