PUBLISHER: The Business Research Company | PRODUCT CODE: 1750983
PUBLISHER: The Business Research Company | PRODUCT CODE: 1750983
Edge artificial intelligence (AI) in retail refers to the deployment of AI technologies directly on local devices within retail environments, allowing for real-time data processing and analysis at the network's edge. This approach improves operational efficiency, enables immediate decision-making, and supports personalized customer experiences without depending on cloud connectivity.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The main components of edge artificial intelligence (AI) in retail include solutions and services. Edge AI solutions are integrated software and hardware systems that facilitate real-time data processing at the device or store level, boosting speed, privacy, and operational efficiency. The key technologies utilized in edge AI for retail include machine learning, natural language processing, chatbots, image and video analytics, and swarm intelligence. These technologies are applied across a range of retail functions such as customer relationship management (CRM), supply chain and logistics, inventory management, product optimization, in-store navigation, payment and pricing analytics, virtual assistants, and other applications. The primary sales channels for edge AI in retail encompass brick-and-mortar stores, omnichannel retailers, and pure-play online retailers.
The edge artificial intelligence (AI) in retail market research report is one of a series of new reports from The Business Research Company that provides edge artificial intelligence (AI) in retail market statistics, including the edge artificial intelligence (AI) in retail industry global market size, regional shares, competitors with the edge artificial intelligence (AI) in retail market share, detailed edge artificial intelligence (AI) in retail market segments, market trends, and opportunities, and any further data you may need to thrive in the edge artificial intelligence (AI) in retail industry. This edge artificial intelligence (AI) in retail market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The edge artificial intelligence (AI) in retail market size has grown exponentially in recent years. It will grow from$16.76 billion in 2024 to $21.99 billion in 2025 at a compound annual growth rate (CAGR) of 31.2%. The growth observed in the historic period can be attributed to the increasing adoption of IoT devices, the rising demand for real-time analytics, the growth in AI-powered customer engagement, the emergence of autonomous store concepts, and the increasing need for supply chain optimization.
The edge artificial intelligence (AI) in retail market size is expected to see exponential growth in the next few years. It will grow to$64.29 billion in 2029 at a compound annual growth rate (CAGR) of 30.8%. The growth projected for the forecast period can be attributed to the increasing deployment of 5G networks, the rising focus on personalized shopping experiences, the growth of computer vision applications, the growing demand for AI-driven inventory management, and the increasing integration of edge AI with robotics. Key trends during this period include advancements in edge computing capabilities, the development of advanced AI-driven checkout solutions, the creation of smart shelves and pricing systems, innovations in real-time customer behavior analysis, and the advanced integration of edge AI with AR/VR technologies.
The growing number of connected devices is expected to fuel the growth of the edge artificial intelligence (AI) in retail market in the near future. Connected devices refer to electronic devices that communicate with each other or a central system via a network, typically the internet, to share data and perform remote tasks. The increase in connected devices is primarily driven by the widespread adoption of Internet of Things (IoT) technologies, with both businesses and consumers integrating smart devices to enhance efficiency, automation, and real-time data exchange across various applications. Edge artificial intelligence (AI) in retail improves the performance of these connected devices by enabling real-time data processing and decision-making directly at the device level, which reduces latency and boosts operational efficiency. For example, in April 2024, according to ConsumerAffairs, a US-based customer review and news platform, the average number of connected devices in US households rose from 21 in 2022 to 25 in 2023. Consequently, the growing number of connected devices is driving the expansion of edge artificial intelligence (AI) in the retail market.
Leading companies in the edge artificial intelligence (AI) in retail market are focusing on incorporating cutting-edge technologies such as advanced on-device AI processing to enhance real-time decision-making and customer experiences. On-device AI processing refers to the ability of smart devices to perform complex AI tasks locally, without the need for cloud connectivity. This technology helps retail businesses by enabling real-time analysis of customer behavior, personalized recommendations, and inventory management directly at the store level, resulting in faster service and improved customer satisfaction. For instance, in September 2024, IndoAI Technologies Pvt. Ltd., an India-based software company, launched the IndoAI Edge AI Camera, integrated with its innovative Appization platform. This next-generation smart camera is designed for real-time AI processing at the edge, enabling instant analytics and decision-making without relying on cloud infrastructure. The camera is suitable for security, retail, healthcare, and industrial automation sectors, offering low latency, reduced bandwidth usage, and enhanced data privacy.
In November 2024, Nuqleous Inc., a US-based developer of intelligent technology solutions, acquired Interactive Edge for an undisclosed amount. With this acquisition, Nuqleous aims to bolster its retail analytics capabilities by integrating Interactive Edge's XP3 BI Cloud platform. This integration will enable category management and sales teams to automate and scale the creation of customized, data-driven insights and presentations, improving productivity and decision-making across the retail value chain. Interactive Edge is a US-based software company specializing in automated retail analytics.
Major players in the edge artificial intelligence (ai) in retail market are Samsung Electronics Co. Ltd., Microsoft Corporation, Alibaba Group Holding Limited, Amazon Web Services Inc., Intel Corporation, Panasonic Holdings Corporation, IBM Corporation, Cisco Systems Inc., Oracle Corporation, Qualcomm Incorporated, Honeywell International Inc., SAP SE, Hewlett Packard Enterprise Company, NVIDIA Corporation, Advanced Micro Devices Inc. (AMD), Zebra Technologies Corporation, SoundHound AI Inc., Mashgin Inc., Syntiant Corp., ClearBlade Inc.
North America was the largest region in the edge artificial intelligence (AI) in retail market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in edge artificial intelligence (AI) in retail report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the edge artificial intelligence (AI) in retail market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The edge artificial intelligence (AI) in retail market consists of revenues earned by entities providing services such as autonomous checkout and self-scanning, real-time inventory management, customer behavior analytics, personalized marketing and recommendations, and fraud detection and loss Prevention. The market value includes the value of related goods sold by the service provider or included within the service offering. The edge artificial intelligence (AI) in retail market also includes sales of edge AI hardware, AI-powered software and platforms, IoT devices and smart systems AI-driven robotics and cloud-edge integration solutions. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Edge Artificial Intelligence (AI) In Retail Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on edge artificial intelligence (ai) in retail market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for edge artificial intelligence (ai) in retail ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The edge artificial intelligence (ai) in retail market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.