Artificial Intelligence In Retail Market Scope And Analysis

Report Code : TIPTE100000703
Category : Technology, Media and Telecommunications

No. of Pages : 170

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Artificial Intelligence in Retail Market Analysis 2021-2031

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Artificial Intelligence in Retail Market Report Scope

Report Attribute	Details
Market size in 2024	US$ 11.07 Billion
Market Size by 2031	US$ 67.97 Billion
Global CAGR (2025 - 2031)	29.60%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Offering Solution and Services By Function Operation-Focused and Customer Facing By Type Online and Offline By Application Predictive Analysis In-Store Visual Monitoring & Surveillance Customer Relationship Management Market Forecasting Inventory Management
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Sentient Technologies Holdings Limited Manthan Software Services Pvt Ltd Focal Systems Inc Microsoft Corporation ViSenze Tata Consultancy Services Limited Salesforce com Inc Plexure Ltd Google Inc

Artificial Intelligence in Retail Market Key Player Analysis:

The Artificial Intelligence in Retail Market analysis consists of the players such as DataRobot, Inc.; IBM; OpenAI; Microsoft; Amazon; Google; Dataiku; Salesforce; Baidu; SAP are among the key Artificial Intelligence in Retail Market players profiled in the report.

Artificial Intelligence in Retail Market Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the Artificial Intelligence in Retail Market. A few recent key market developments are listed below:

In September 2023, Amazon has introduced generative artificial intelligence in retail market to assist vendors in creating product descriptions. Amazon sellers will find it easier to write more detailed and interesting product descriptions, names, and listing features thanks to a new set of generative AI capabilities. With the addition of these new features, vendors will be able to list new products more quickly and easily and enhance their current listings, giving buyers more assurance when making purchases.
In June 2023, Carrefour is implementing three cutting-edge technological solutions based on ChatGPT technology: a shopping assistant robot for carrefour.fr, product description sheets for Carrefour brand products on its website, and assistance for purchasing processes. The technology behind OpenAI, in particular GPT-4, constitute the foundation of these solutions.
In June 2023, Microsoft has unveiled new Bing and Edge shopping capabilities powered by artificial intelligence (AI) that will enable customers to shop and save money "with confidence." Utilizing the power of AI, the new features assist users in finding information, conducting research, and completing purchases all in one convenient location.
In Jan 2023, in order to give customers a more seamless online shopping experience and help merchants manage their in-store inventories, Google Cloud is releasing four new and upgraded AI capabilities.