Artificial Intelligence in Retail Market to Hit USD 31.18 Billion by 2028 | Industry Report

Posted on Feb 6 2023 4:21 PM

"Latest report on Artificial Intelligence in Retail Market includes information on the size, growth, and revenue trends. It also covers consumer demographics and behavior, market segmentation, and the competitive landscape. "

The global “Artificial Intelligence in Retail Market Size in 2023” is expected to rise with an impressive CAGR and generate the highest revenue by 2028. Fortune Business Insights™ in its latest report published this information. The report is titled "Artificial Intelligence in Retail Market Size, Share & Trends Forecast". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.

The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the Artificial Intelligence in Retail Market share, types, applications, growth factor, key players and regions.

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Artificial Intelligence in Retail Market Size Projections:

USD 31.18 Billion by 2028

USD 3.75 Billion in 2020

CAGR: 30.5%

Report Highlights:

  • A comprehensive overview of the Artificial Intelligence in Retail Market in 2023
  • Significant factors boosting, restricting, challenging and providing an opportunity to the market
  • Key insights and major industry developments
  • Significant players functioning in the Artificial Intelligence in Retail Market
  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
  • Other market trends


Factors affecting the growth of Artificial Intelligence in Retail Market (2023-2028)

  • Increasing adoption of AI by retailers: As more retailers adopt AI technologies, the demand for AI solutions in the retail industry is likely to increase.
  • Advances in AI technology: As AI technology continues to improve, it is likely that more retailers will adopt AI solutions.
  • Growing demand for personalized and convenient shopping experiences: As consumers demand more personalized and convenient shopping experiences, retailers may turn to AI to provide these experiences.
  • Government regulations and incentives: Governments around the world may implement regulations or offer incentives to encourage the adoption of AI in the retail industry.
  • Competition: The AI in retail market is highly competitive, and the presence of many vendors offering similar products can affect the growth of the market.
  • Economic conditions: Economic conditions can also affect the growth of the AI in retail market, as retailers may be more or less likely to invest in AI solutions depending on their financial health.


List of Top Key Manufacturers for Artificial Intelligence in Retail Market:

  •, Inc. (Washington, U.S.)
  • Google LLC (California, U.S.)
  • IBM Corporation (New York, U.S.)
  • Intel Corporation (California, U.S.)
  • Microsoft Corporation (Washington, U.S.)
  • Nvidia Corporation (California, U.S.)
  • Oracle Corporation (California, U.S.)
  • SAP SE (Walldorf, Germany)
  •, Inc. (California, U.S.)
  • Talkdesk, Inc. (California, U.S.)

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Some of the Key Questions Answered in this Report:

  • Detailed Overview of Artificial Intelligence in Retail Market will help deliver clients and businesses making strategies.
  • Influencing factors that are thriving demand and latest trends running in the market.
  • Artificial Intelligence in Retail Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
  • What trends, challenges and barriers will impact the development and sizing of the Global Artificial Intelligence in Retail Market?
  • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
  • What is the Artificial Intelligence in Retail Market growth momentum or market carries during the forecast period?
  • Which region may tap the highest market share in the coming era?
  • Which application/end-user category or Product Type may seek incremental growth prospects?
  • What focused approach and constraints are holding the Artificial Intelligence in Retail Market demand?

The Artificial Intelligence in Retail Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

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Key Points from TOC:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers & Acquisitions
5. Global Artificial Intelligence in Retail Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
11. Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis — Major Players
12. Company Profiles
12.1 Overview
12.2 Products & Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
13. Strategic Recommendations
TOC Continued……………….