Artificial Intelligence in Retail Market Business Opportunities, Current Trends & Industry Analysis by Key Players like Sentient Technologies Holdings, Manthan Software Services, Focal Systems, Microsoft Corporation, ViSenze
A holistic overview of the new research report of the global Artificial Intelligence in Retail Market analyzes the earlier and the present performance of the market. This statistical report also estimates the key trends and other significant factors which are persuading the market’s growth, to captivate a clear understanding of this market.
Global artificial intelligence in retail market is expected to grow from US$ 712.6 million in 2016 to US$ 27,238.6 million by 2025 at a CAGR of 51.2% between 2017 and 2025.
Inception of exponential technologies such as sensors, robotics, virtual reality, and artificial intelligence in the retail industry has enabled the retailers to enhance their interactions with consumers and transformed the way retail operations were performed. This change in the industry is prominently driven by the seismic shift in the shopping pattern of the consumers, and their preferences backed by demographic dividend across regions.
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- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Artificial Intelligence in Retail Market.
- To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
Some of The Major Players In Global Market:
1. Sentient Technologies Holdings Limited
2. Manthan Software Services Pvt. Ltd
3. Focal Systems Inc
4. Microsoft Corporation
6. Tata Consultancy Services Limited
7. Salesforce.com, Inc
8. Plexure Ltd.
10. IBM Watson Group
The report focuses on an in-depth segmentation of this market based by retail format, technology, and application. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By application segment customer experience and management accounted for the largest share of the artificial intelligence in retail market in 2016; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.
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Artificial Intelligence in Retail Market – Global Analysis to 2025 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.
Key highlights of the global Artificial Intelligence in Retail Market for the forecast years 2019-2025:
- CAGR of the market during the forecast period 2019-2025
- Detailed information on factors that will accelerate the growth of the Artificial Intelligence in Retail Market during the next five years
- Precise estimation of the global Artificial Intelligence in Retail Market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the Artificial Intelligence in Retail industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of the Artificial Intelligence in Retail companies
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