PUBLISHER: TechNavio | PRODUCT CODE: 1916058
PUBLISHER: TechNavio | PRODUCT CODE: 1916058
The global AI in retail and consumer products market is forecasted to grow by USD 34863.3 mn during 2024-2029, accelerating at a CAGR of 29.6% during the forecast period. The report on the global AI in retail and consumer products market 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 imperative for hyper-personalization and enhanced customer experience, urgent need for operational efficiency and supply chain optimization, proliferation of data and democratization of AI tools.
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 | 25.8% |
| CAGR | 29.6% |
| Incremental Value | $34863.3 mn |
Technavio's global AI in retail and consumer products market is segmented as below:
By Component
By Technology
By Application
Geography
This study identifies the proliferation of generative AI in conversational commerce and content creation as one of the prime reasons driving the global AI in retail and consumer products market growth during the next few years. Also, convergence of AI and computer vision to create intelligent physical environments and rise of AI in product innovation and assortment optimization will lead to sizable demand in the market.
The report on the global AI in retail and consumer products market 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 AI in retail and consumer products market vendors that include Accenture PLC, Amazon.com Inc., BigCommerce Holdings Inc., C3.ai Inc., Capgemini Service SAS, Cognizant Technology Solution, Google LLC, Infosys Ltd., Intel Corp., IBM Corp., Microsoft Corp., NVIDIA Corp., Oracle Corp., Salesforce Inc., SAP SE, SAS Institute Inc., Shopify Inc., Symphony Innovation LLC. Also, the global AI in retail and consumer products market 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.