Increasing collaborations amid public and private organization in the retail industry to drive the artificial intelligence in retail Market by 2025 with a CAGR of 51.2%.

by Sameer Joshi or 01-Feb-2018

The "Artificial Intelligence in Retail to 2025 by Retail Format (E-Commerce and, Brick & Mortar), Technology (Chat-Bot, Recommendation Engine, Audio - Visual Analytics, and Others), Application (Sales & Marketing, Supply-chain & Logistics, Shelf Analytics, Pricing, In-Store Navigation, and Auto-checkout) - Global Analysis and Forecast" The scope of study involves understanding on the factors responsible for this growth of artificial intelligence in retail market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant artificial intelligence in retail players in the market and their key developments.

Artificial intelligence in retail Market to 2025 - Global Analysis and Forecast by retail format, technology, and application, artificial intelligence in retail market is expected to grow US$ 27,238.6 million by 2025 from US$ 712.6 million in 2016. Inception of exponential technologies such as sensors, robotics, virtual reality, and artificial intelligence in the retail industry has enabled the retailers to enhance their interactions with consumers and transformed the way retail operations were performed. This change in the industry is prominently driven by the seismic shift in the shopping pattern of the consumers, and their preferences backed by demographic dividend across regions.

Some of the remarkable partnership and collaboration in this industry are collaboration of ViSenze partnered with Comb (UK), where Comb utilized ViSenze mobile visual search in there app. Visual search will increase the efficiency of product search, and its engagement with customers. Furthermore, the company partnered with Lazada (Germany), that used ViSenze's mobile image search, automated product tagging platforms.  Apart from this companies were expanding their presence in other developing regions such as, Google announced its expansion in China, by opening an AI center in Beijing, China. The team in Beijing will work with AI coworkers in Google offices across the world, including New York, Toronto, London, and Zurich.

The global artificial intelligence in retail market by geography is segmented into five region including north America, Europe, Asia Pacific, Middle East & Africa and South America. North America is expected to account for the largest share of the global artificial intelligence in retail market in 2016, followed by Europe. Germany and UK being two key countries in Europe region which will lead artificial intelligence in retail market in this region and is also expected to continue its dominance throughout the forecast period from 2016 to 2025. The report profiles key players such Sentient Technologies Holdings Limited, Manthan Software Services Pvt. Ltd, Focal Systems Inc, Microsoft Corporation, ViSenze, Tata Consultancy Services Limited,, Inc., Plexure Ltd., Google,Inc., and IBM Watson Group, among others.

The report segments the global Artificial intelligence in retail market as follows:

Global Artificial intelligence in retail Market - By Retail Format

Brick 'n' Mortar

Global Artificial intelligence in retail Market - By Technology

Recommendation Engine
Audio - Visual Search Analytics

Global Artificial intelligence in retail Market - By Application

Sales & Marketing
Supply Chain & Logistics
Customer Experience & Management
Shelf Analytics
In-Store Navigation

Global Artificial intelligence in retail Market - By Geography

North America

Rest of Europe

Asia Pacific (APAC)
Rest of APAC

Middle East & Africa (MEA)
Saudi Arabia
South Africa
Rest of MEA

South America (SA)
Rest of SA