Feb 20, 2023

Global Artificial Intelligence in Retail Market: Competitive Landscape and Key Developments IBM Watson, Amazon, Google Inc., Plexure, Focal Systems, Sentient Technologies Holdings Limited, ViSenze, Salesforce, Microsoft Corporation, and Tata Consultancy Services are among the leading players profiled in the market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed artificial intelligence in retail market insights, which help key players strategize their growth. A few developments are mentioned below: In April 2021, IBM announced the launch of new Watson capabilities to help businesses build trustworthy AI. The newly launched capabilities include data privacy management module, planning analytics, federated learning, and time series capabilities. In February 2021, Microsoft Corporation announced the availability of Microsoft cloud for retailers to bring together stores, products, and marketing systems. Microsoft Cloud for retail businesses connects experiences across the shopper journey to deliver more relevant personalized experiences and operational excellence. Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPTE100000703 Rising Investments in Speech Analytics Technology to Provide Lucrative Opportunities for Global Artificial Intelligence in Retail Market Growth During (2022-2028): As the hardware systems gradually get replaced by software solutions, various operations have become less expensive and easier to operate. Lately, analytics have turned out to be a key opportunity for retailers to cost-saving adjustments to their sales and customer services processes. Analytics allows retailers to identify sales opportunities, like cross-selling and upselling, to assess and upgrade their performance. In terms of customer management, speech analytics is anticipated to attain significant traction in the coming years as communication is a key to retail customers in the field of retail. The artificial intelligence in retail market in Asia Pacific is projected to witness impressive growth during 2022–2028. The presence of developing economies with steady growth and a rise in the adoption of innovative and advanced technologies make APAC the world's fastest-growing region. Australia, China, Japan, India, South Korea, and the Rest of APAC are the major contributors to the growth of artificial intelligence in retail market in this region. Swift advancements in technologies, digitalization of economies, and government support are among the factors contributing to the smooth evolution of these economies from a developing to a developed stage. Rising penetration of smartphones, strengthening internet infrastructure, and immense government support are some of the other factors that are expected to bolster the growth of AI in retail market in APAC during the forecast period. Alibaba is among the most proficient retailers in APAC and a key contributor to the revenue growth of the artificial intelligence in retail market. Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPTE100000703 Global Artificial Intelligence in Retail Market: Industry Overview The artificial intelligence in retail market is segmented based on retail format, technology, application, and geography. Based on the retail format, the artificial intelligence in retail market is bifurcated into e-commerce and brick and mortar. In terms of technology, the artificial intelligence in retail market is categorized into chat-bot, recommendation engines, and audio-visual analytics. Based on application, the artificial intelligence in retail market is segmented into sales & marketing, consumer experience & management, supply chain & logistics, shelf analytics, pricing, in-store navigation, and auto-checkout. Geographically, the artificial intelligence in retail market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The artificial intelligence in retail market in Europe is growing significantly. Europe comprises developed economies such as Germany, France, and the UK. The governments of these countries have been taking various initiatives to integrate advanced technologies into retailing. Retail companies in European provinces have become far more advanced in facilitating their customers with coherent point-of-sales experiences. This is majorly attributed to the consistent application of innovative ideas in the European retail industry, which has promoted sales and attracted novel customers in inventive and pioneering new ways, resulting in robust growth of the retail sector in Europe. Buy Premium Copy of Artificial Intelligence in Retail Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPTE100000703 Browse other research published by The Insight Partners: Global Artificial Intelligence Market Size Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Hardware, Software, Services); Technology (Computer Vision, Machine Learning, Natural Language Processing, Others); Industry Vertical (Automotive, Healthcare, Manufacturing, Retail, BFSI, Others) and Geography Global Artificial Intelligence Software Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Natural Language Processing (NLP), Computer Vision, Machine Learning); End Users (Automotive, BFSI, IT and Telecom, Media and Entertainment, Healthcare, Retail, Manufacturing, Government, Others) and Geography Global Artificial Intelligence Chip Market Size to 2027 - Global Analysis and Forecasts by Segment (Data Center, Edge); Type (CPU, GPU, ASIC, FPGA, and Others); and Industry Vertical (BFSI, Retail, IT & Telecom, Automotive & Transportation, Healthcare, Media & Entertainment, and Others) Global Artificial Intelligence in Healthcare Diagnosis Market Size – Forecast to 2027 – Covid-19 Impact and Global Analysis – By Diagnostic Tool (Medical Imaging Tool, Automated Detection System, Others); Application (Eye Care, Oncology, Radiology, Cardiovascular, Others); End User (Hospital and Clinic, Diagnostic Laboratory, Home Care); and Service (Tele-Consultation, Tele Monitoring, Others) Global Artificial Intelligence in Aviation Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering (Software, Service); Technology (Machine Learning, Natural Language Processing (NlP), Context Awareness Computing, Computer Vision); End User (Smart Maintenance, Flight Operations, Training, Surveillance, Others) and Geography Global Artificial Intelligence (AI) in Healthcare Market Size Forecast to 2027 - COVID-19 Impact and Global Analysis By Component (Software Solution, Hardware, and Services), Application (Robot Assisted Surgery, Virtual Assistants, Administrative Workflow Assistants, Connected Machines, Diagnosis, Clinical Trials, Fraud Detection, Cybersecurity, Dosage Error Reduction, and Others), End User (Hospitals & Healthcare Providers, Patients, Pharma & Biotech Companies, Healthcare Payers, and Others), and Geography Global Artificial Intelligence in Defense Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Software, and Services), Technology (Advanced Computing, AI Systems, and Learning and Intelligence), Platform (Land, Air, and Naval), and Application (Cyber Security, Battlefield Healthcare, Logistics and Transportation, Warfare Platform, and Others) Global Artificial Intelligence (AI) in Robotics Market Size Forecast to 2028 - Covid-19 Impact and Global Analysis - by Technology (Machine Learning, Computer Vision, Context Awareness, and Natural Language Processing); Robot Type (Service Robots and Industrial Robots); End-User (Military & Defense, Law Enforcement, Healthcare & Pharmaceutical, Public Relations, Education & Entertainment , Research & Exploration, Agriculture, and Industrial) Global Artificial Intelligence in Supply Chain Market Size Forecast to 2028 - Covid-19 Impact and Global Analysis - by Components (Processors, Memory, AI Platforms, Services); Technology (Natural Language Processing (NLP), Machine Learning, Cognitive Computing); Application (Warehouse Management, Fleet Management, Freight Brokerage, Virtual Assistant, Others); Industry Vertical (Pharmaceutical, Manufacturing, Automotive, Food and Beverages, Aerospace, Others) and Geography Global Artificial Intelligence in Telecommunication Market Size Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment Model (On-Premises, Cloud); Component (Solutions, Services); Technology (Natural Learning Processing, Machine Learning and Deep learning, Others); Application (Self Diagnostics, Virtual Assistance, Network Optimization, Customer Analytics, Network Security, Others) and Geography About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. 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