The Asia-Pacific AI in e-commerce market was valued at $385 million in 2018 and is growing at a CAGR of 26.7% during the forecast period. The increasing investment from prominent e-commerce companies, such as Alibaba, Amazon, and Walmart, is expected to augment the demand for AI in e-commerce in the Asia-Pacific region during the forecast period.
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The Asia-Pacific AI in e-commerce market is segmented on the basis of application into pricing & promotion, supply chain management, marketing, and others such as demand prediction & optimization. The marketing segment held the highest share in 2018 owing to the growing convergence of analytics in marketing to encourage operational efficiency while improving the customer experience. Based on geography, the Asia-Pacific AI in e-commerce market is further segregated into China, Japan, India, and Rest of Asia-Pacific. Among geography, China is projected to have a considerable share in the Asia-Pacific AI in e-commerce market.
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The companies which are covered in the Asia-Pacific AI in e-commerce market include Amazon.com Inc., IBM Corp., Appier Inc., and ViSenze Pte Ltd. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market. Additionally, the rising partnerships for AI technology across countries, including China, India, Singapore, and South Korea, tend to accelerate the implementation of AI in the region.
For instance, in June 2017, China Center for Information Industry Development, along with the major providers of AI platforms, such as Intel China, iFlytek Co. Ltd., JD.com, SAP China, and Ecovacs Robotics Co., formed China AI Industry Innovation Alliance or CAIIIA. This association has established goals to launch 20 pilot projects and set up a general technology platform over the next three years.
Asia-Pacific AI in E-commerce Market -- Segmentation
Asia-Pacific AI in E-commerce Market by Application
• Pricing & Promotion
• Supply Chain Management
• Marketing
• Others (Demand Prediction and Optimization)
Asia-Pacific AI in E-commerce Market – Segment by Region
• China
• Japan
• India
• Rest of Asia-Pacific
Company Profiles
• Amazon.com Inc.
• Appier, Inc.
• Google LLC
• IBM Corp.
• Manthan Software Services Pvt. Ltd.
• Staqu Technologies Pvt. Ltd
• ViSenze Pte Ltd.
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