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Artificial Intelligence (AI) Market in Retail Sector Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 152
  • SKU: IRTNTR72402
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The artificial intelligence (AI) market share in retail sector is expected to increase by USD 29.57 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 35.69%.

This AI market in retail sector research report extensively covers the market segmentation in retail sector by application (sales and marketing, in-store, PPP, and logistics management) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The artificial intelligence (AI) market in retail sector report also offers information on several market vendors, including Accenture Plc, Amazon.com Inc., BloomReach Inc., Capgemini SE, Daisy Intelligence Corp., Element AI Inc., Evolv Technology Solutions Inc., Inbenta Technologies Inc., Infosys Ltd., Intel Corp., International Business Machines Corp., Mad Street Den Inc., Microsoft Corp., NVIDIA Corp., Oracle Corp., Plexure Group Ltd., Salesforce.com Inc., SAP SE, Symphony Retail Solutions, and Trax Technology Solutions Pte. Ltd. among others.

What will the Artificial Intelligence (AI) Market Size in Retail Sector be During the Forecast Period?

Artificial Intelligence (AI) Market Size

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Artificial Intelligence (AI) Market in Retail Sector: Key Drivers, Trends, and Challenges

The rise in investments and R&D in ai startups is notably driving the artificial intelligence (AI) market growth in retail sector, although factors such as privacy issues associated with ai deployment may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the artificial intelligence (AI) industry in retail sector. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Artificial Intelligence (AI) Market Driver in Retail Sector 

One of the key factors driving the global artificial intelligence (AI) market growth in retail sector is the rise in investments and R&D in AI startups. Many governments have come up with formal AI frameworks and strategies, such as the US executive order on American leadership in AI, China's Next Generation Artificial Intelligence Development Plan, and AI Made in Germany, all of which are aimed at driving economic and technological growth. In addition, some major vendors such as SoftBank made investments in many firms, including biotech firm Zymergen (USD 400 million) and Automation Anywhere (USD 300 million), a robotics process automation (RPA) company. Microsoft invested approximately USD 33 million to develop an AI R and D hub in Taiwan. Many companies, such as Google, increased their RD workforce to expand their research in AI. Such factors will drive artificial intelligence (AI) in retail market during the forecast period.

Key Artificial Intelligence (AI) Market Trend in Retail Sector

Increased applications in e-commerce is one of the key artificial intelligence (AI) market trends that is expected to impact the industry positively in the forecast period. E-commerce providers and retailers are integrating AI with various applications, such as planning and procurement, supply chain management, in-store operations, CRM, and marketing. Amazon is using AI/ML algorithms, which can handle statistical programming, deep learning, and predictive analysis of a huge volume of data to forecast demand and drive stock efficiencies across the warehouses for dynamic pricing by analyzing how much consumers are willing to spend on certain products. Such factors are expected to further support the market growth  

Key Artificial Intelligence (AI) Market Challenge in Retail Sector

One of the key challenges to the global artificial intelligence market growth in retail sector is the privacy issues associated with AI deployment. By using advanced data mining techniques, data is gathered on several parameters such as the customer's buying habits, customers' online behavior, and payment information. E-commerce giants like Amazon use ML in a combination of collaborative filtering and next-in-sequence models to make predictions on the customer buying behavior and recommend products to the individual based on their previous purchases. Amazon is privy to a huge database of consumer purchase behavior to optimize its predictions. The probable impact of AI on individual privacy is huge, which is why privacy issues are expected to challenge artificial intelligence in retail market in the coming years.

This artificial intelligence (AI) market in retail sector market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global artificial intelligence (AI) market in the retail sector as a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the artificial intelligence (AI) market in the retail sector during the forecast period.

Who are the Major Artificial Intelligence (AI) Market Vendors in Retail Sector?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Accenture Plc
  • Amazon.com Inc.
  • BloomReach Inc.
  • Capgemini SE
  • Daisy Intelligence Corp.
  • Element AI Inc.
  • Evolv Technology Solutions Inc.
  • Inbenta Technologies Inc.
  • Infosys Ltd.
  • Intel Corp.
  • International Business Machines Corp.
  • Mad Street Den Inc.
  • Microsoft Corp.
  • NVIDIA Corp.
  • Oracle Corp.
  • Plexure Group Ltd.
  • Salesforce.com Inc.
  • SAP SE
  • Symphony Retail Solutions
  • Trax Technology Solutions Pte. Ltd.

 

This statistical study of the artificial intelligence (AI) market in retail sector market encompasses successful business strategies deployed by the key vendors. The artificial intelligence (AI) market in retail sector market is fragmented and the vendors are deploying growth strategies such as pricing and marketing strategies and product differentiation to compete in the market.

Product Insights and News

  • Accenture Plc - The company offers retail Artificial Intelligence solutions for customer profit and revenue, dynamic merchandising and assortment, supply network, analytics, and profitability. 
  • Accenture Plc -  In 2021, the company acquired Wolox, a leading Argentinean cloud-native and agile development company that provides digital solutions to help clients achieve successful business outcomes. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The artificial intelligence (AI) market in retail sector market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Artificial Intelligence (AI) Market in Retail Sector Value Chain Analysis

Our report provides extensive information on the value chain analysis for the artificial intelligence (AI) market in retail sector, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Artificial Intelligence (AI) Market in Retail Sector?

Artificial Intelligence (AI) Market Market segmentation by region

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40% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for artificial intelligence (AI) in retail sector in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.

The significant increase in the investments in the technology and the early adoption of AI will facilitate the artificial intelligence (AI) market growth in retail sector in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic had a devastating effect on the regional economy, as well as on large enterprises and SMEs, in 2020 and early 2021. The revenues of SMEs declined, and many employees were laid off due to the losses incurred. The investments by large and small enterprises in the retail and e-commerce sector for adopting new technologies were low, which hampered the demand for AI solutions in 2020. Furthermore, the closure of stores and companies led to the increasing adoption of remote working, and employees were asked to work from home. Such factors led to the increased adoption of cloud-based analytics platform solutions, such as AI-based CRM, in the retail and e-commerce sector. In addition, the implementation of vaccination drives in the US and other North American countries has led to a decline in the number of COVID-19 cases and the resumption of retail stores, which is expected to significantly drive the demand for AI in retail market during the forecast period.

What are the Revenue-generating Application Segments in the Artificial Intelligence (AI) Market in Retail Sector?

Artificial Intelligence (AI) Market Segmentation

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The artificial intelligence (AI) market share growth in retail sector by the sales and marketing segment will be significant during the forecast period. The increase in focus on customer preferences and personalization is leading to the adoption of AI-powered CRM to drive sales and marketing through better product recommendations.

This report provides an accurate prediction of the contribution of all the segments to the growth of the artificial intelligence (AI) market size in retail sector and actionable market insights on post COVID-19 impact on each segment.

 

Artificial Intelligence (AI) Market Scope in Retail Sector

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 35.69%

Market growth 2022-2026

$ 29.57 billion

Market structure

Fragmented

YoY growth (%)

31.45

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 40%

Key consumer countries

US, Canada, China, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accenture Plc, Amazon.com Inc., BloomReach Inc., Capgemini SE, Daisy Intelligence Corp., Element AI Inc., Evolv Technology Solutions Inc., Inbenta Technologies Inc., Infosys Ltd., Intel Corp., International Business Machines Corp., Mad Street Den Inc., Microsoft Corp., NVIDIA Corp., Oracle Corp., Plexure Group Ltd., Salesforce.com Inc., SAP SE, Symphony Retail Solutions, and Trax Technology Solutions Pte. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data Covered in this Artificial Intelligence (AI) Market in Retail Sector Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive artificial intelligence (AI) market growth in retail sector during the next five years
  • Precise estimation of the artificial intelligence (AI) market size in retail sector and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the artificial intelligence (AI) industry in retail sector across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of artificial intelligence (AI) market vendors in retail sector  

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Sales and marketing - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Sales and marketing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Sales and marketing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Sales and marketing - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Sales and marketing - Year-over-year growth 2021-2026 (%)
    • 5.4 In-store - Market size and forecast 2021-2026
      • Exhibit 32: Chart on In-store - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on In-store - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on In-store - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on In-store - Year-over-year growth 2021-2026 (%)
    • 5.5 PPP - Market size and forecast 2021-2026
      • Exhibit 36: Chart on PPP - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on PPP - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on PPP - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on PPP - Year-over-year growth 2021-2026 (%)
    • 5.6 Logistics management - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Logistics management - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Logistics management - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Logistics management - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Logistics management - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 44: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Accenture Plc
              • Exhibit 97: Accenture Plc - Overview
              • Exhibit 98: Accenture Plc - Business segments
              • Exhibit 99: Accenture Plc - Key news
              • Exhibit 100: Accenture Plc - Key offerings
              • Exhibit 101: Accenture Plc - Segment focus
            • 10.4 Amazon.com Inc.
              • Exhibit 102: Amazon.com Inc. - Overview
              • Exhibit 103: Amazon.com Inc. - Business segments
              • Exhibit 104: Amazon.com Inc. - Key news
              • Exhibit 105: Amazon.com Inc. - Key offerings
              • Exhibit 106: Amazon.com Inc. - Segment focus
            • 10.5 BloomReach Inc.
              • Exhibit 107: BloomReach Inc. - Overview
              • Exhibit 108: BloomReach Inc. - Product / Service
              • Exhibit 109: BloomReach Inc. - Key offerings
            • 10.6 Capgemini SE
              • Exhibit 110: Capgemini SE - Overview
              • Exhibit 111: Capgemini SE - Business segments
              • Exhibit 112: Capgemini SE - Key news
              • Exhibit 113: Capgemini SE - Key offerings
              • Exhibit 114: Capgemini SE - Segment focus
            • 10.7 Infosys Ltd.
              • Exhibit 115: Infosys Ltd. - Overview
              • Exhibit 116: Infosys Ltd. - Business segments
              • Exhibit 117: Infosys Ltd. - Key news
              • Exhibit 118: Infosys Ltd. - Key offerings
              • Exhibit 119: Infosys Ltd. - Segment focus
            • 10.8 Intel Corp.
              • Exhibit 120: Intel Corp. - Overview
              • Exhibit 121: Intel Corp. - Business segments
              • Exhibit 122: Intel Corp. - Key news
              • Exhibit 123: Intel Corp. - Key offerings
              • Exhibit 124: Intel Corp. - Segment focus
            • 10.9 International Business Machines Corp.
              • Exhibit 125: International Business Machines Corp. - Overview
              • Exhibit 126: International Business Machines Corp. - Business segments
              • Exhibit 127: International Business Machines Corp. - Key offerings
              • Exhibit 128: International Business Machines Corp. - Segment focus
            • 10.10 Microsoft Corp.
              • Exhibit 129: Microsoft Corp. - Overview
              • Exhibit 130: Microsoft Corp. - Business segments
              • Exhibit 131: Microsoft Corp. - Key news
              • Exhibit 132: Microsoft Corp. - Key offerings
              • Exhibit 133: Microsoft Corp. - Segment focus
            • 10.11 NVIDIA Corp.
              • Exhibit 134: NVIDIA Corp. - Overview
              • Exhibit 135: NVIDIA Corp. - Business segments
              • Exhibit 136: NVIDIA Corp. - Key news
              • Exhibit 137: NVIDIA Corp. - Key offerings
              • Exhibit 138: NVIDIA Corp. - Segment focus
            • 10.12 Oracle Corp.
              • Exhibit 139: Oracle Corp. - Overview
              • Exhibit 140: Oracle Corp. - Business segments
              • Exhibit 141: Oracle Corp. - Key news
              • Exhibit 142: Oracle Corp. - Key offerings
              • Exhibit 143: Oracle Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 144: Inclusions checklist
                • Exhibit 145: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 146: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 147: Research methodology
                • Exhibit 148: Validation techniques employed for market sizing
                • Exhibit 149: Information sources
              • 11.5 List of abbreviations
                • Exhibit 150: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Artificial Intelligence (AI) Market in Retail Sector Market market growth will increase by $29.57 bn during 2022-2026.
              The artificial intelligence (ai) market in retail sector market market is expected to grow at a CAGR of 35.69% during 2022-2026.
              Technavio has segmented the artificial intelligence (ai) market in retail sector market market by application (Sales and marketing, In-store, PPP, and Logistics management) and geography (North America, APAC, Europe, Middle East and Africa, and South America).
              Accenture Plc, Amazon.com Inc., BloomReach Inc., Capgemini SE, Daisy Intelligence Corp., Element AI Inc., Evolv Technology Solutions Inc., Inbenta Technologies Inc., Infosys Ltd., Intel Corp., International Business Machines Corp., Mad Street Den Inc., Microsoft Corp., NVIDIA Corp., Oracle Corp., Plexure Group Ltd., Salesforce.com Inc., SAP SE, Symphony Retail Solutions, Trax Technology Solutions Pte. Ltd. are a few of the key vendors in the artificial intelligence (ai) market in retail sector market market.
              North America will register the highest growth rate of 40% among the other regions. Therefore, the artificial intelligence (ai) market in retail sector market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the artificial intelligence (ai) market in retail sector market market growth are:
              • rise in investments and R&D in AI startups
              • increased applications in e-commerce
              The artificial intelligence (ai) market in retail sector market market vendors should focus on grabbing business opportunities from the sales and marketing segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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