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 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of 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. It places the market within the context of the wider Artificial Intelligence (AI) in Retail market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Artificial Intelligence (AI) in Retail market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis
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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:
- Computer Vision
- Machine Learning
- Natural Language Processing (NLP)
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
Market Behavior/ Level of Risk and Opportunity
End Industry Behavior/ Opportunity Assessment
Expected Industry Recovery Timeline
Business Impact Horizon
Opening of Economy by Q3 2020
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster speed and why?
Q.3 Which regions will grow at a faster speed and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats of market?
Q.6 What are emerging trends in market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market?
Q.11 What M & A activities have taken place in the last five years in this market?
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Artificial Intelligence (AI) in Retail Market Report:
Chapter 1 COVID-19 Outbreak-Global Artificial Intelligence (AI) in Retail Market Business Overview
Chapter 2 Major Breakdown by Type
Chapter 3 Major Application Wise Breakdown (Revenue & Volume)
Chapter 4 Manufacture Market Breakdown
Chapter 5 Sales & Estimates Market Study
Chapter 6 Key Manufacturers Production and Sales Market Comparison Breakdown
Chapter 8 Manufacturers, Deals and Closings Market Evaluation & Aggressiveness
Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type
Chapter 11 Business / Industry Chain (Value & Supply Chain Analysis)
Chapter 12 Conclusions & Appendix
……..and view more in complete table of Contents
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