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Artificial Intelligence (AI) in the Global Retail Market, 2023: CAGR to Grow by 35% - ResearchAndMarkets.comThe "Global Artificial Intelligence in Retail Market - Growth, Trend and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering. The artificial intelligence in retail market is expected to grow at a CAGR of over 35%, during the forecast period (2018-2023). The scope of the report is limited to solutions offered by various market players from various applications including supply chain & logistics, product optimization, in-store navigation, payment & pricing analytics, inventory management, and customer relationship management. The global revenue from AI is expected to take a massive jump, which has been estimated, due to the rising application of AI technology across multiple industries. In fact, within the same timeframe, the advances in the cognitive technologies, including AI and automation will replace 7% of US jobs. These imply that retail companies could significantly reduce the costs of labor and make their shopping processes far more efficient depending on the customer persona. The AI equipped retailers with sharper forecasting tools will help in making smarter business decisions. The use of algorithms increases visibility into ROI implications, translating to results like lower costs and higher sales. AI has brought rel disruption to the retail sector by improving efficiency, as well as prediction. Based on a recent survey by Walmart, 70% of U.S. millennial and 62% of millennial in the UK would appreciate a brand or retailer using AI technology to show exciting products. Key Highlights
Notable Developments in the Market
Key Topics Covered 1. Introduction 2. Research Methodology 3. Executive Summary 4. Artificial Intelligence in Retail Market Insights 5. Artificial Intelligence in Retail Market Dynamics 6. Global AI in Retail Market Segmentation 7. Competitive Intelligence - Company Profiles
8. Investment Analysis 9. Future of the AI in Retail Market For more information about this report visit https://www.researchandmarkets.com/research/lz24gz/artificial?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180820005350/en/ |