Artificial Intelligence in Retail Market Industry Analysis, Size, Share, Growth, Trends and Forecast - forecast year 2025 (SARS-CoV-2, Covid-19 Analysis)
Artificial Intelligence in Retail Market
A new market study, titled “Artificial Intelligence in Retail Market” has been featured on Market Research Future.
According to Market Research Future Analysis, the global Artificial Intelligence in Retail market is anticipated to grow at a CAGR of 34% over the forecast period, 2017-2023.
According to Market Research Future, the global Artificial Intelligence in Retail market has been segmented into component, technology, application, deployment and region.
Several internet and technology giants like Google, Facebook, Microsoft, Amazon, and Baidu are enabling and capitalizing in a wide range of technologies and applications that can enable the artificial intelligence and can drive the market of retail AI headfirst. The artificial intelligence in retail sector has aided companies majorly adopting the organized retail practices. These companies, rely on artificial intelligence for surveillance, security, identifying customer behavior and moods to optimize the real time advertising and merchandizing. Many retail organizations have implemented a virtual assistant and a digital monitor that guides the customer through different products located in different locations. The artificial intelligence also helps in marketing of similar products. If a customer picks up a shampoo from the store, the artificial intelligence enabled virtual assistant will depict all the necessary information related to that product and will also show other products that can be used as an alternative or in combination to that product.
More INformation@ https://www.marketresearchfuture.com/reports/artificial-intelligence-in-retail-market-5009
The market of artificial intelligence in retail is segmented into application, component, technology and deployment.
On the basis of application, the market is segmented into advertising, merchandizing, market forecast, surveillance and analytics. Among these, advertising and surveillance holds the largest market share across all of the regions. However, the analytics and merchandizing is expected to grow at fast rate during the forecast period. This growth is accounted for the increase in big data technology and faster adoption of cloud based services.
On the basis of technology, the market is segmented into deep learning, neural networks, natural language processing, and facial recognition. Among these, the natural language processing (NLP) is having the largest market share. This is majorly due to the increasing application of natural language processing for the improvement of consumer services in the retail sector.
On the basis of components, the market is segmented into solution and services. Solution is further bifurcated as product planning, customer relationship management, visual search, and virtual assistant, supply chain management among others. Services is further bifurcated as professional, managed, installation and maintenance services
Key Players
The artificial intelligence is one of the most trending technologies across all industrial verticals and its wide spread applications are making the companies to adopt and implement artificial intelligence services in their particular domain. Some of the prominent players in the artificial intelligence space in retail market include NVIDIA Corporation (U.S.), Intel Corporation (U.S.), Salesforce (U.S.), Sentient Technologies (U.S.), Microsoft Corporation (U.S.), Google Inc (U.S.), IBM Corporation (U.S.), Amazon Web Services (U.S.), Oracle corporation (U.S.), SAP SE (Germany) among others.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
Comments
Post a Comment