Bharat Book Bureau Provides the Trending Market Research Report on “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”under Information Technology Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Artificial Intelligence in Retail Market Analysis and Outlook to 2027:. As the Artificial Intelligence in Retail industry shifts, the report presents the emerging market trends, factors driving the Artificial Intelligence in Retail market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Artificial Intelligence in Retail companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Artificial Intelligence in Retail industry trends.

To avoid getting left behind in an intensive competitive Artificial Intelligence in Retail market, global companies need a new approach to ensure they create value in this environment. Amid increasing activities of M&A and growing activist-investor activity, Artificial Intelligence in Retail companies must strengthen their capabilities to maintain their market shares in the Artificial Intelligence in Retail industry.

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The study offers a comprehensive analysis of the global artificial intelligence in retail market with respect to various types. The global artificial intelligence in retail market study presents historical market data (2018 & 2019), estimated current data (2020), and forecasts for 2027. The market is segmented on the basis of product, application, technology, retail, end user, and geography.

Based on product offering, the solutions segment is estimated to command the largest share of the overall artificial intelligence in retail market in 2020. This is attributed to the growing adoption of AI-powered solutions and applications by retailers across the globe to identify personalized customer needs, reduce shrinkage by improving loss prevention at point-of-sale, and enhance customer engagement experience. However, the services segment is estimated to witness rapid growth during the forecast period.

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. The large share of this segment is mainly attributed to the growing need to improve customer relationship management (CRM) and an increase in awareness about the advantages offered by chatbots over other customer support options. However, customer behavior tracking is poised to post the fastest growth during the forecast period.

Based on learning technology, the machine learning segment is estimated to command the largest share of the overall artificial intelligence in retail market in 2020. The large share of this segment is mainly attributed to the increasing demand from retailers to track dynamic consumer behavior in order to ensure competitive edge in the retail industry, which has also proved as a key to success of stakeholders in many cases. Moreover, ability of machine learning technology to provide better prediction of sales and customer services, better segmentation of customers, and high personalized product recommendations for advertising and promotions is expected to drive the adoption of machine learning technology during the forecast period.

An in-depth analysis of the geographic scenario of the market provides detailed qualitative and quantitative insights about the five regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2020, North America region is estimated to command the largest share of the global artificial intelligence in retail market, followed by Europe and Asia Pacific. The large share of this region is mainly attributed to its open-minded approach towards smart technologies and high technology adoption rate, presence of key players & start-ups, and increased internet access. However, the factors such as speedy growth in spending power, presence of young population, and government initiatives supporting digitalization is helping Asia Pacific to register the fastest growth in the global artificial intelligence in retail market.

Key players operating in the global artificial intelligence in retail 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.

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