Artificial Intelligence in Retail Market by Product, Application (Predictive Merchandizing, Programmatic Advertising), Technology (Machine Learning, Natural Language Processing), Deployment (Cloud, On-Premises), and Geography - Global Forecast to 2027

  • Report ID:MRICT - 104227
  • Pages: 232
  • Jul 2020
  • Formats*: PDF
  • Category: Information & Communications Technology
  • Delivery: 2 to 4 Hours

1. Introduction 
    1.1. Market Definition 
    1.2. Market Ecosystem 
    1.3. Currency and Limitations 
           1.3.1. Currency 
           1.3.2. Limitations 
    1.4. Key Stakeholders 

2. Research Methodology 
    2.1. Research Approach 
    2.2. Data Collection & Validation 
           2.2.1. Secondary Research 
           2.2.2. Primary Research 
    2.3. Market Assessment 
           2.3.1. Market Size Estimation 
           2.3.2. Bottom-Up Approach 
           2.3.3. Top-Down Approach 
           2.3.4. Growth forecast 
    2.4. Assumptions for the Study 

3. Executive Summary 
    3.1. Overview 
    3.2. Market Analysis, by Product Offering 
    3.3. Market Analysis, by Application 
    3.4. Market Analysis, by Learning Technology 
    3.5. Market Analysis, by Type 
    3.6. Market Analysis, by End User 
    3.7. Market Analysis, by Deployment Type 
    3.8. Market Analysis, by Geography 
    3.9. Competitive Analysis

4. Market Insights 
    4.1. Introduction 
    4.2. Market Dynamics 
           4.2.1. Drivers 
                    4.2.1.1. Growing Awareness about AI and Big Data & Analytics 
                    4.2.1.2. Adoption of Multichannel or Omni channel Retailing Strategy 
                    4.2.1.3. Need to Enhance the End-User Experience and Improve Productivity 
           4.2.2. Restraints 
                    4.2.2.1. High Cost of Procurement 
                    4.2.2.2. Lack of infrastructure 
           4.2.3. Opportunities 
                    4.2.3.1. Increased Adoption of AI-Powered Voice Enabled Devices 
                    4.2.3.2. Growing Number of Smartphones 
           4.2.4. Challenges 
                    4.2.4.1. Concerns over Privacy and Identity of individuals 
                    4.2.4.2. Lack of Awareness about AI Technology 
           4.2.5. Trends 
                    4.2.5.1. Rising Focus on Blockchain 
                    4.2.5.1. Adoption of 5G Technology 
    4.3. Impact of COVID-19 on the AI in Retail Market 

5. Artificial Intelligence in Retail Market, by Product Type 
    5.1. Introduction 
    5.2. Solutions 
           5.2.1. Chatbot 
           5.2.2. Recommendation Engines 
           5.2.3. Customer Behavior Tracking 
           5.2.4. Visual Search 
           5.2.5. Customer Relationship Management 
           5.2.6. Price Optimization 
           5.2.7. Supply Chain Management 
           5.2.8. inventory Management 
    5.3. Services 
           5.3.1. Managed Services 
           5.3.2. Professional Services
 
6. Artificial Intelligence in Retail Market, by Application 
    6.1. Introduction 
    6.2. Predictive Merchandising 
    6.3. Programmatic Advertising 
    6.4. In-Store Visual Monitoring & Surveillance 
    6.5. Market forecasting 
    6.6. Location-Based Marketing     

7. Artificial Intelligence in Retail Market, by Learning Technology 
    7.1. Introduction 
    7.2. Machine Learning 
    7.3. Natural Language Processing 
    7.4. Computer Vision     

8. Artificial Intelligence in Retail Market, by Type 
    8.1. Introduction 
    8.2. Online Retail 
    8.3. Offline Retail 
           8.3.1. Brick & Mortar Stores 
           8.3.2. Supermarkets& Hypermarkets 
           8.3.3. Specialty Stores 

9. Artificial Intelligence in Retail Market, by End-User 
    9.1. Introduction 
    9.2. Food &Groceries 
    9.3. Health & Wellness 
    9.4. Automotive 
    9.5. Electronics & White Goods 
    9.6. Fashion & Clothing 
    9.7. Others 

10. Artificial Intelligence in Retail Market, by Deployment Type 
      10.1. Introduction 
      10.2. Cloud 
      10.3. On-Premise 

11. Global Artificial Intelligence in Retail Market, by Geography 
      11.1. Introduction 
      11.2. North America 
               11.2.1. U.S. 
               11.2.2. Canada 
      11.3. Europe 
               11.3.1. Germany 
               11.3.2. France 
               11.3.3. U.K. 
               11.3.4. Italy 
               11.3.5. Spain 
               11.3.6. Rest of Europe 
      11.4. Asia-Pacific 
               11.4.1. Japan 
               11.4.2. China                
               11.4.3. India 
               11.4.4. Rest of the Asia-Pacific 
      11.5. Latin America 
      11.6. Middle East & Africa 

12. Competitive Landscape 
      12.1. Competitive Growth Strategies 
               12.1.1. New Product Launches 
               12.1.2. Mergers and Acquisitions 
               12.1.3. Partnerships, Agreements, and Collaborations 
               12.1.4. Expansions 
      12.2. Market Share Analysis 
      12.3. Competitive Benchmarking 

13. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
      13.1. Amazon 
      13.2. Google LLC 
      13.3. IBM Corporation 
      13.4. intel Corporation 
      13.5. Microsoft Corporation 
      13.6. NVidia Corporation 
      13.7. Oracle Corporation 
      13.8. SAP SE 
      13.9. Bloomreach, Inc. 
      13.10. Salesforce.Com, Inc. 

14. Appendix 
      14.1. Questionnaire 
      14.2. Available Customization 

List of Table 

Table 1  Key Secondary Sources 
Table 2  Artificial Intelligence in Retail Market Drivers: Impact Analysis (2019-2027) 
Table 3  Artificial Intelligence in Retail Market Restraints: Impact Analysis (2019-2027) 
Table 4  Artificial Intelligence in Retail Market Opportunities: Impact Analysis (2019-2027)
Table 5  Artificial Intelligence in Retail Market Challenges: Impact Analysis (2019-2027) 
Table 6  Artificial Intelligence in Retail Market Trends: Impact Analysis (2019-2027) 
Table 7  Impact Assessment of Covid-19 on AI in Online Retail Market ($Million) 
Table 8  Impact Assessment of Covid-19 on AI in Offline Retail Market ($Million) 
Table 9 Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million) 
Table 10 Artificial Intelligence in Retail Solutions Market Size, by Type, 2018-2027 ($Million) 
Table 11 Artificial Intelligence in Retail Solutions Market Size, by Country/Region, 2018-2027 ($Million) 
Table 12 Chatbots in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 13 Recommendation Engine in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 14 Customer Behavior Tracking in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 15 Visual Search in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 16 Customer Relationship Management in Retail Market Size, by Country/Region, 2018-2027 ($Million)
Table 17 Price Optimization in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 18 Supply Chain Management in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 19 Inventory Management in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 20 Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 21 Artificial Intelligence Services in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 22 Artificial Intelligence Managed Services in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 23 Artificial Intelligence Professional Services in Retail Market Size, by Country/Region, 2018-2027 ($Million)
Table 24 Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 25 AI in Retail Market Size for Predictive Merchandising, by Country/Region, 2018-2027 ($Million) 
Table 26 AI in Retail Market Size for Programmatic Advertising, by Country/Region, 2018-2027 ($Million) 
Table 27 AI in Retail Market Size for in-Store Visual Monitoring & Surveillance, by Country/Region, 2018-2027 ($Million) 
Table 28 AI in Retail Market Size for Market forecasting, by Country/Region, 2018-2027 ($Million)
Table 29 AI in Retail Market Size for Location-Based Marketing, by Country/Region, 2018-2027 ($Million) 
Table 30 Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million) 
Table 31 Machine Learning AI in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 32 Natural Language Processing AI in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 33 Computer Vision AI in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 34 Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 35 Artificial Intelligence Market Size for Online Retail, by Country/Region, 2018-2027 ($Million) 
Table 36 Artificial Intelligence Market Size for Offline Retail, by Type, 2018-2027 ($Million) 
Table 37 Artificial Intelligence Market Size for Offline Retail, by Country/Region,  2018-2027 ($Million)
Table 38 Artificial Intelligence Market Size for Brick & Mortar Stores, by Country/Region, 2018-2027 ($Million) 
Table 39 Artificial Intelligence Market Size for Supermarkets & Hypermarkets, by Country/Region, 2018-2027 ($Million)
Table 40 Artificial Intelligence Market Size for Specialty Stores, by Country/Region, 2018-2027 ($Million) 
Table 41 Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 42 Artificial Intelligence Market Size for Food & Groceries Industry, by Country/Region, 2018-2027 ($Million)
Table 43 Artificial Intelligence Market Size for Health & Wellness Industry, by Country/Region, 2018-2027 ($Million) 
Table 44 AI in Retail Market Size for Automotive Industry, by Country/Region, 2018-2027 ($Million) 
Table 45 Artificial Intelligence Market Size for Electronics & White Goods Industry, by Country/Region, 2018-2027 ($Million) 
Table 46 Artificial Intelligence Market Size for Fashion & Clothing Industry, by Country/Region, 2018-2027 ($Million) 
Table 47 AI in Retail Market Size for Other Industry, by Country/Region, 2018-2027 ($Million) 
Table 48 Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million)
Table 49 Cloud Artificial Intelligence in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 50 On-Premise Artificial Intelligence in Retail Market Size, by Country/Region, 2018-2027 ($Million)
Table 51 Artificial Intelligence in Retail Market, by Country/Region, 2018-2027 ($Million) 
Table 52 North America: Artificial Intelligence in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 53 North America: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million) 
Table 54 North America: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million)
Table 55 North America: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million)
Table 56 North America: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 57 North America: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million) 
Table 58 North America: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 59 North America: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million)
Table 60 North America: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 61 North America: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million)
Table 62 U.S.: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million) 
Table 63 U.S.: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 64 U.S.: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 65 U.S.: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 66 U.S.: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million)
Table 67 U.S.: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 68 U.S.: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million) 
Table 69 U.S.: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 70 U.S.: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million)
Table 71 Canada: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million)
Table 72 Canada: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 73 Canada: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 74 Canada: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 75 Canada: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million) 
Table 76 Canada: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 77 Canada: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million) 
Table 78 Canada: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 79 Canada: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million) 
Table 80 Europe: Artificial Intelligence in Retail Market Size, by Country/Region, 2018-2027 ($Million)
Table 81 Europe: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million)
Table 82 Europe: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 83 Europe: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 84 Europe: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 85 Europe: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million) 
Table 86 Europe: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 87 Europe: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million) 
Table 88 Europe: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 89 Europe: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million)
Table 90 Germany: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million)
Table 91 Germany: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 92 Germany: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 93 Germany: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million)
Table 94 Germany: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million) 
Table 95 Germany: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 96 Germany: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million) 
Table 97 Germany: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 98 Germany: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million) 
Table 99 France: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million)
Table 100 France: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 101 France: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 102 France: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 103 France: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million) 
Table 104 France: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 105 France: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million) 
Table 106 France: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 107 France: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million)
Table 108 U.K.: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million)
Table 109 U.K.: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 110 U.K.: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 111 U.K.: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 112 U.K.: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million)
Table 113 U.K.: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 114 U.K.: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million) 
Table 115 U.K.: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 116 U.K.: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million)
Table 117 Italy: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million)
Table 118 Italy: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 119 Italy: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 120 Italy: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 121 Italy: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million) 
Table 122 Italy: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 123 Italy: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million) 
Table 124 Italy: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 125 Italy: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million) 
Table 126 Spain: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million)
Table 127 Spain: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 128 Spain: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 129 Spain: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 130 Spain: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million)
Table 131 Spain: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 132 Spain: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million) 
Table 133 Spain: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 134 Spain: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million) 
Table 135 Rest of Europe: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million) 
Table 136 Rest of Europe: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million)
Table 137 Rest of Europe: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million)
Table 138 Rest of Europe: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 139 Rest of Europe: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million) 
Table 140 Rest of Europe: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 141 Rest of Europe: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million)
Table 142 Rest of Europe: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 143 Rest of Europe: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million)
Table 144 Asia Pacific: Artificial Intelligence in Retail Market Size, by Country/Region, 2018-2027 ($Million) 
Table 145 Asia Pacific: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million) 
Table 146 Asia Pacific: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million)
Table 147 Asia Pacific: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million)
Table 148 Asia Pacific: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 149 Asia Pacific: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million) 
Table 150 Asia Pacific: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 151 Asia Pacific: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million)
Table 152 Asia Pacific: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 153 Asia Pacific: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million) 
Table 154 Japan: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million) 
Table 155 Japan: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 156 Japan: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 157 Japan: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 158 Japan: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million)
Table 159 Japan: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 160 Japan: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million) 
Table 161 Japan: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 162 Japan: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million)
Table 163 China: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million) 
Table 164 China: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 165 China: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 166 China: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 167 China: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million)
Table 168 China: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 169 China: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million) 
Table 170 China: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 171 China: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million)
Table 172 India: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million)
Table 173 India: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 174 India: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 175 India: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 176 India: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million) 
Table 177 India: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 178 India: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million) 
Table 179 India: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 180 India: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million)
Table 181 RoAPAC: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million)
Table 182 RoAPAC: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 183 RoAPAC: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 184 RoAPAC: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 185 RoAPAC: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million) 
Table 186 RoAPAC: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 187 RoAPAC: Artificial Intelligence in Retail Offline Market Size, by Type, 2018-2027 ($Million) 
Table 188 RoAPAC: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 189 RoAPAC: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million)
Table 190 Latin America: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million) 
Table 191 Latin America: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 192 Latin America: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 193 Latin America: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million)
Table 194 Latin America: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million) 
Table 195 Latin America: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 196 Latin America: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million)
Table 197 Latin America: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 198 Latin America: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million) 
Table 199 MEA: Artificial Intelligence in Retail Market Size, by Product Offering, 2018-2027 ($Million) 
Table 200 MEA: Artificial Intelligence in Retail Market Size, by Solution, 2018-2027 ($Million) 
Table 201 MEA: Artificial Intelligence in Retail Market Size, by Service, 2018-2027 ($Million) 
Table 202 MEA: Artificial Intelligence in Retail Market Size, by Application, 2018-2027 ($Million) 
Table 203 MEA: Artificial Intelligence in Retail Market Size, by Learning Technology, 2018-2027 ($Million)
Table 204 MEA: Artificial Intelligence in Retail Market Size, by Type, 2018-2027 ($Million) 
Table 205 MEA: Artificial Intelligence in Offline Retail Market Size, by Type, 2018-2027 ($Million) 
Table 206 MEA: Artificial Intelligence in Retail Market Size, by End-User, 2018-2027 ($Million) 
Table 207 MEA: Artificial Intelligence in Retail Market Size, by Deployment Type, 2018-2027 ($Million)
Table 208 Recent Developments by the Major Players During 2016-2020 
Table 209 New Product Launches 
Table 210 Mergers and Acquisitions 
Table 211 Partnerships, Agreements, & Collaborations 
Table 212 Expansions, 2016-2020 

List of Figures

Figure1  Research Process 
Figure 2  Primary Research Techniques 
Figure 3  Key Executives Interviewed 
Figure 4  Breakdown of Primary Interviews (Supply Side & Demand Side) 
Figure 5  Market Sizing and Growth forecast Approach 
Figure 6  Global Artificial Intelligence in Retail Market, by Product Offering, 2020 Vs. 2027 30 
Figure 7  Chatbots to Account for the Largest Share of the AI Solutions in Retail Market in 2020
Figure 8  Predictive Learning to Dominate the Global Artificial Intelligence in Retail Market in 2020 
Figure 9  Machine Learning to Dominate the Global Artificial Intelligence in Retail Market in 2020 
Figure 10 Online Retail to Dominate the Global Artificial Intelligence in Retail Market in 2020 
Figure 11 Food & Groceries to Dominate the Global Artificial Intelligence in Retail Market in 2020 
Figure 12 Cloud-Based Solutions to Dominate the Global Artificial Intelligence in Retail Market in 2020
Figure 13 Artificial Intelligence in Retail Market Overview: 2020-2027 
Figure 14 Global Artificial Intelligence in Retail Market, by Product Offering, 2020-2027 ($Million)
Figure 15 Global Artificial Intelligence in Retail Market, by Application, 2020-2027($Million)
Figure 16 Global Artificial Intelligence in Retail Market, by Learning Technology, 2020–2027 ($Million) 
Figure 17 Global Artificial Intelligence in Retail Market, by Type, 2020-2027 ($Million) 
Figure 18 Global Artificial Intelligence in Retail Market, by End-User, 2020-2027 ($Million) 
Figure 19 Global Artificial Intelligence in Retail Market, by Deployment Type, 2020-2027 ($Million)
Figure 20 Global Artificial Intelligence in Retail Market, by Region, 2020-2027 ($Million) 
Figure 21 North America: Artificial Intelligence in Retail Market: Snapshot 
Figure 22 Europe: Artificial Intelligence in Retail Market: Snapshot 
Figure 23 Asia-Pacific: Artificial Intelligence in Retail Market: Snapshot 
Figure 24 Growth Strategies Adopted by the Key Player, 2016-2020
Figure 25 Global Artificial Intelligence in Retail Market Share, by Key Player, 2019
Figure 26 Artificial Intelligence in Retail: Competitive Benchmarking 
Figure 27 Amazon: Financial Overview (2017-2019) 
Figure 28 Google LLC: Financial Overview (2017-2019) 
Figure 29 IBM Corporation: Financial Overview (2017-2019) 
Figure 30 Intel Corporation: Financial Overview (2017-2019) 
Figure 31 Microsoft Corporation: Financial Overview (2017-2019) 
Figure 32 NVidia Corporation: Financial Overview (2017-2019) 
Figure 33 Oracle Corporation: Financial Overview (2017-2019) 
Figure 34 SAP SE: Financial Overview (2017-2019) 
Figure 35 Salesforce.Com, Inc.: Financial Overview (2017-2019) 

COVID-19

This report provides pre & post COVID-19 market estimates

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The artificial intelligence in retail market is expected to grow at a CAGR of 34.4% from 2020 to reach $19.9 billion by 2027. The adoption of artificial intelligence in retail is transforming the industry in a new era of how companies track their operations to augment business strategies, provide better outcomes, and engage with customers in the digital world. The growth in the global artificial intelligence in retail market is driven by factors such as perpetually growing internet users and smart devices, increasing awareness about AI and big data & analytics, and government initiatives towards digitization. Furthermore, the adoption of multichannel or omnichannel retailing strategy, untapped opportunities to increase sales efficiency, enterprises' demands for streamlining business process, and growing need to enhance end-user experience and to take advantage of market dynamics are also contributing to the growth of the global artificial intelligence in retail market.

Impact of COVID-19 on the Artificial Intelligence in Retail Market

The COVID-19 pandemic has adversely hit many economies around the globe. Due to this, governments across the world are forced to shut retail plants, retail stores, and import-export operations, which has disrupted the overall supply chains. With the COVID-19 pandemic, there have been significant impacts on consumer behavior; product demand; and retail store, factory, and logistics services. Many countries have imposed temporary closures to non-necessity stores, bars, and venues except food & grocery stores and pharmacies, which have greatly affected the retail business, especially brick-mortar retail stores. The COVID-19 outbreak has accelerated the significance of online shopping channels, as consumers are considering online platforms as their primary shopping channel. This has given retailers and consumer good organizations a great opportunity to adopt sustainability initiatives that integrate with their digital presence. Therefore, retailers are using the e-commerce platform and online marketplaces to capitalize on this changing trend.

Owing to increased customer preference for online retailing, organizations working in the retail segment are progressively adopting AI solutions to improve efficiency and productivity of operations. Retailers are using online platforms for personalized and improved customer engagement, inventory management, supply chain management, programmatic advertising, smart recommendations, and chatbots, among others. The current situation offers an opportunity for organizations to scale up capabilities, such as voice commerce, to strengthen engagement. However, amid the COVID-19 outbreak, consumer spending patterns across several categories are shifting dramatically. Many leading retail players are eying this crisis as a new opportunity for restructuring and revisiting their existing strategies along with an advanced product portfolio. The situation has been evolving in unpredictable ways, and companies operating in this market are doing tremendous work by adapting to a new reality, anticipating and planning for various scenarios.

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Growing awareness about AI and big data & analytics is fuelling the growth of the AI in retail market

Various established retailers across the globe are struggling with increasing cost, dissatisfied customers, declining sales, and upstart competition. This has prompted retailers to adopt technological tools to improve operational efficiency and enhance customer interactions. Several areas in retail industry, such as inventory management, supply chain management, marketing and branding, and customer relationship management, offer significant potential of technological transformation and thereby enable retailers to improve overall productivity and profitability.

Artificial intelligence in the retail industry revolves around the way businesses have been operated over the last several decades. Artificial intelligence (AI) and big data & analytics are the key to digital business; it has the potential to transform everything from business operations to the customer experience. Owing to the surging penetration of smart devices and applications, proliferation of IoT, adoption of cloud services, and advancements in technology, the overall awareness and adoption of AI and big data analytics in the retail industry has been on the rise.

According to a leading research firm, the spending on artificial intelligence systems led by banking and retail industries is expected to cross $5 billion over the coming years, with a majority of it targeted towards automated customer service agents and product recommendation engines. Also, according to a report published by PwC, around 20% of the U.S. organizations plan to deploy enterprise-wide artificial intelligence solutions for service personalization and increasing convenience for customers. The big data analytics market for retail industry is also expected to grow at a CAGR of 15.2%, delivering a strong growth potential for AI solutions and platforms over the coming years.

Key findings in the global artificial intelligence in retail market study:

Customer behavior tracking is ready to create an impact on the artificial intelligence in retail solutions market with a high growth rate

In AI solutions segment, based on product type, the chatbots segment is estimated to command the largest share of the artificial intelligence in retail solutions market in 2020. However, customer behavior tracking is poised to post the fastest growth during the forecast period in the market. Several retailers across the globe have started to adopt customer behavior tracking as one of the artificial solutions in retail that could reshape their business. It allows the retailers to engage the customer both online & in-store and offers personalized recommendations, supports in customer satisfaction, and helps in improving cart value.

Predictive merchandising expected to register high growth

Based on application, predictive merchandising is estimated to command the largest share of the overall artificial intelligence in the retail market in 2020. The large share of this segment is mainly attributed to the growing need of retailers for gaining valuable insights regarding customer’s motive behind the purchase and their buying pattern behaviors which is enforcing them to adopt predictive merchandizing solutions. Further, these solutions are becoming increasingly necessary for retail companies to look for proactive methods of harnessing new and extensive data sources in order to maintain a competitive edge in a fast-growing marketplace. Besides, predictive merchandising segment is also expected to witness rapid growth during the forecast period, as the technologies assist planners to efficiently identify leftover stock ahead of time. This, in turn, can help to improve inventory management, which results in fewer cases of unsold products, resulting in cost savings.

Asia Pacific: The fastest growing market

North America is estimated to command the largest share of the global artificial intelligence in retail market in 2020. However, the Asia Pacific region is expected to witness rapid growth during the forecast period as the region is experiencing notable growth across all fronts including internet infrastructure, economic growth, spending capabilities, and demand for consumer products. Owing to the government initiatives, the growth of e-commerce in countries including China and India, and growing investments in AI technology for improved productivity and real-time inventory management are contributing to the growth of the AI market for retail industry in this region. Furthermore, the factors such as developing internet & connectivity infrastructure, growing adoption of AI-based solutions & services among retailers, and increasing digitalization are also helping the market growth in this region.

Key Players

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the AI in retail market. The major players operating in this market are Amazon.com, Inc. (U.S.), Google LLC (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Salesforce.com, Inc. (U.S.), and BloomReach, Inc. (U.S.) along with several local and regional players.

Scope of the Report:

AI in Retail Market, by Product

  • Solutions
    • Chatbot
    • Customer Behavior Tracking
    • Customer Relationship Management (CRM)
    • Inventory Management
    • Price Optimization
    • Recommendation Engines
    • Supply Chain Management
    • Visual Search
  • Services
    • Managed services
    • Professional services

AI in Retail Market, by Application

  • Predictive Merchandising
  • Programmatic Advertising
  • Market Forecasting
  • In-Store Visual Monitoring and Surveillance
  • Location-Based Marketing

AI in Retail Market, by Technology

  • Machine Learning
  • Natural Language Processing (NLP)
  • Computer Vision

Artificial Intelligence in Retail Market, by Type            

  • Online Retail
  • Offline Retail
    • Brick & Mortar Stores
    • Supermarkets& Hypermarkets
    • Specialty Stores

Artificial Intelligence in Retail Market, by End-User                 

  • Food &Groceries
  • Health & Wellness
  • Automotive
  • Electronics & White Goods
  • Fashion& Clothing
  • Others

AI in Retail Market, by Deployment Mode

  • Cloud
  • On-Premises

 AI in Retail Market, by Geography:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Latin America
  • Middle East & Africa

Key questions answered in the report:

The global artificial intelligence in the retail market is expected to grow at a CAGR of 34.4% from 2020 to 2027 to reach $19.9 billion by 2027 from $2,510.9 million in 2020.
Based on product offering, the solution segment is estimated to command the largest share of the overall artificial intelligence in retail market in 2020. The growth of this segment is attributed to the constant pressure in retail industry to achieve higher performance standards, including customer centric promotions, customer loyalties, convenience, and security. However, the AI services are projected to grow with the fastest CAGR during the forecast period.
Based on end-use vertical, the food & groceries sector is estimated to command the largest share of the overall AI in retail market in 2020. The growth is mainly attributed to the growing consumer demand for convenience, safety, and awareness with respect to health and wellness during food & groceries shopping.
Growing awareness about AI and big data & analytics, adoption of multichannel or omnichannel retailing strategy, and growing need to enhance end-user experience and improve productivity are the key drivers of the AI in retail market. Increasing adoption of AI-powered voice enabled devices and growing number of smartphones are the major opportunities in this market.
Some of the key players operating in the global AI in retail market include Amazon.com, Inc. (U.S.), Google LLC (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Salesforce.com, Inc. (U.S.), and BloomReach, Inc. (U.S.). Besides, there are several other small and medium scale local players contributing to the overall market growth.
At present, North America dominated the global AI in retail market. However, with the advent of disruptive technologies and growing popularity of AI across several end-use verticals, Asia Pacific is expected to grow with the fastest growth rate over the coming years.
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Tags: Artificial Intelligence Retail Retail Analytics Smart Technologies
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