Artificial Intelligence in Retail Market May See a Big Move | IBM, Accenture, People.Ai

Global Artificial Intelligence in Retail Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player’s market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

Major Players in This Report Include:

IBM (United States), Accenture plc (Ireland), Amazon Web Services (United States), SAP SE (Germany), Oracle (United States), Google (United States), Intel (United States), Apple Inc. (United States), Salesforce (United States), People.Ai (United States)

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Artificial Intelligence (AI) in retail refers to the integration of advanced computational algorithms and machine learning techniques into various aspects of the retail industry to enhance efficiency, customer experience, and decision-making processes. AI is applied across the retail value chain, from supply chain optimization and inventory management to personalized marketing and customer service. AI algorithms analyze vast amounts of data to predict consumer behavior, optimize pricing strategies, and forecast demand, aiding retailers in making informed decisions to streamline operations and reduce costs. In the realm of customer experience, AI is utilized to offer personalized product recommendations, improve virtual shopping assistants, and enhance the overall online and in-store shopping journey. Facial recognition and computer vision technologies powered by AI contribute to efficient checkout processes and security measures.

Market Drivers:

·       Increased Efficiency and Productivity

·       Reduction in Loss due to Better Prediction Mechanism

Market Trend:

·       Cashless Counters are Gaining Popularity

·       Use of Artificial Intelligence Powered Robots in Retail

Opportunities:

·       Countries with Low Working Group Populations such as Japan or South Korea Present Excellent Opportunities

·       Increasing Adoption in Less Developed Countries with Increased Democratization of Technology

Challenges:

·       Uncertainties or Doubts about Artificial Intelligence among Many Retail Stakeholders

·       Difficulty in Adopting with New Technology for Traditional Retail Workers 

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In this research study, the prime factors that are impelling the growth of the Global Artificial Intelligence in Retail market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.

The Artificial Intelligence in Retail market study is being classified by Application (Supply Chain and Logistics, Chatbots, Data Analytics, Customer Relationship Management, Price Adjustments and Predictions, Others), Deployment Mode (Cloud-Based, On-Premise), Algorithm Types (Supervised, Unsupervised), Offerings (Software, Services)

The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Artificial Intelligence in Retail market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.

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Extracts from Table of Contents

Artificial Intelligence in Retail Market Research Report

Chapter 1 Artificial Intelligence in Retail Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Revenue (Value, Volume*) by Region

Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions

Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type

Chapter 7 Global Market Analysis by Application

………………….continued

This report also analyses the regulatory framework of the Global Markets Artificial Intelligence in Retail Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analysed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.

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