Artificial Intelligence in Retail Market: Thriving Amid Global Challenges with Resilient Strategies

Emergen Research’s latest market research report focuses on the global Artificial Intelligence in Retail Market and the report provides in-depth analysis of each of its major segments. Reports about the global Artificial Intelligence in Retail Market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfolios. The report also highlights the most important factors influencing industry revenue growth, including drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, strict regulatory frameworks, and a multitude of micro-economic and macro-economic factors. Artificial Intelligence in Retail industry projections and qualitative and quantitative assessments have been provided by the report's authors.

The global artificial intelligence in retail market size is expected to reach USD 103.82 Billion in 2032 and register a revenue CAGR of 34.2% during the forecast period, according to the latest analysis by Emergen Research. Increasing awareness of Artificial Intelligence (AI) in the retail industry is a major factor driving the market revenue growth. AI enables retailers to provide a unified customer experience across numerous online, mobile, and in-store platforms. Retailers provide 24/7 customer assistance, answer customer questions, and provide personalized suggestions with AI-powered chatbots and virtual assistants. AI assists marketers in creating better consumer segmentation based on insights from audience data by sifting through massive amounts of data. Chatbots and virtual assistants powered by AI enable retailers to communicate with customers in real time, enhancing customer satisfaction and loyalty. Hence all these factors are driving the market revenue growth. AI helps retailers understand their customers' preferences, predict their behavior, and offer personalized deals.

The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.

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The report contains updated information about the ongoing COVID-19 pandemic and acts as an accurate analysis of the COVID-19 impact on the Artificial Intelligence in Retail market. The report draws attention to the COVID-19 impact on the market and its crucial segments. As per the report, the current pandemic is one of the major contributing elements for the potential decline of the market in the coming years. The business sector has been drastically affected by the pandemic, which has adversely altered the market dynamics and demand trends. Financial difficulties brought by the pandemic have delayed the progress rate of various businesses and disrupted the global supply chains. The report further provides a future impact assessment of the Artificial Intelligence in Retail market concerning COVID-19.

The report also discusses the key players involved in the market such as Amazon.com, Inc., Google, IBM, Intel Corporation, Microsoft, Salesforce, Inc., SAP, Oracle, Visenze, SymphonyAI

Additional information offered by the report:

Along with a complete overview of the global Artificial Intelligence in Retail Market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Artificial Intelligence in Retail Market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.

Major Geographies Analyzed in the Report:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Artificial Intelligence in Retail market expected to boost the growth of the industry in the coming years.

Artificial Intelligence in Retail Market Segmentation:

Solution Type Outlook (Revenue, USD Billion; 2019–2032)
- Customer Service Support
- Inventory Management
- Visual Search Recommendation
- Price Optimization
- Fraud Detection Prevention
- Supply Chain Management
- Virtual Assistants Chatbots
- Predictive Analytics

Deployment Mode Outlook (Revenue, USD Billion; 2019–2032)
- Cloud-based
- On-premises

Retail Segment Outlook (Revenue, USD Billion; 2019–2032)
- Fashion Apparel
- Electronics Gadgets
- Grocery Supermarkets
- Home Furniture
- Beauty Cosmetics
- Sports Fitness

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ToC of the report:

Chapter 1: Artificial Intelligence in Retail Market overview and scope

Chapter 2: Artificial Intelligence in Retail Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Artificial Intelligence in Retail Market segmentation based on type applications

Chapter 9: Current and Future Trends

Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.

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