AMA Research & Media

Artificial Intelligence in Retail Market May See a Big Move : Google, Apple, Accenture, IBM


NJ New Jersey, USA -- (SBWIRE) -- 05/25/2023 -- Advance Market Analytics published a new research publication on "Artificial Intelligence in Retail Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Artificial Intelligence in Retail Market was mainly driven by the increasing R&D spending across the world.

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Some of the key players profiled in the study are:
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).

Scope of the Report of Artificial Intelligence in Retail :
Artificial Intelligence in Retail is basically use of smart computing power enabled machines and robots in retail which enhances efficiency and productivity, which indirectly help in increase profit margins. The use of artificial intelligence involves use of tools such as Machine learning, big data analytics, etc. along with complex algorithms which are made to aid humans or even work without human supervision. The use of artificial intelligence also enhances customer experience with voice search, virtual trial rooms and cash free counters like mechanisms. Application of A.I. in logistics and transport along with warehouse management would also increase pace of delivery and reduce the wastage which naturally occurs due to human aid. The Market of Artificial Intelligence is currently dominated by North America with Major Players too coming from North America. Though because the industry is still in its early age, it has lot of developments to carry out.

The titled segments and sub-section of the market are illuminated below:
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)

Market Challenges:
Uncertainties or Doubts about Artificial Intelligence among Many Retail Stakeholders and Difficulty in Adopting with New Technology for Traditional Retail Workers

Market Trends:
Use of Artificial Intelligence Powered Robots in Retail
Cashless Counters are Gaining Popularity

Market Drivers:
Reduction in Loss due to Better Prediction Mechanism
Increased Efficiency and Productivity

Increasing Adoption in Less Developed Countries with Increased Democratization of Technology
Countries with Low Working Group Populations such as Japan or South Korea Present Excellent Opportunities

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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Strategic Points Covered in Table of Content of Global Artificial Intelligence in Retail Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Artificial Intelligence in Retail market
Chapter 2: Exclusive Summary – the basic information of the Artificial Intelligence in Retail Market.
Chapter 3: Displayingthe Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Artificial Intelligence in Retail
Chapter 4: Presenting the Artificial Intelligence in Retail Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Artificial Intelligence in Retail Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Artificial Intelligence in Retail Market is a valuable source of guidance for individuals and companies.

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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.