AI in Retail Market Poised for Explosive Growth, Reaching $36.87 Billion by 2030
The global Artificial Intelligence (AI) in retail market is on a fast track to transformation, with a projected value of nearly US$36.87 billion by 2030. This signifies a significant CAGR of 23.87% from 2024, according to a recent report by Maximize Market Research, a leading international business consultancy firm.

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APAC Emerges as a Retail AI Powerhouse

The report identifies the Asia Pacific (APAC) region as a key driver of this growth. Factors like rising internet penetration and a growing tech-savvy population in this region are fueling demand for AI-powered retail solutions. The market has also shown resilience, recovering from the impact of COVID-19 lockdowns and demonstrating a positive trend even amidst economic slowdowns.

Equipping Retailers with Market Insights

This comprehensive report by Maximize Market Research offers valuable insights for stakeholders in the AI in retail market:

Growth Drivers and Challenges: Analysis of key factors influencing market expansion, both positive and negative.
Market Trends and Forecasts: Current market trends and future projections regarding demand, supply chain dynamics, and sales figures.
Detailed Company Profiles: In-depth profiles of key players, including product functionalities, production capacity, and financial performance data.
Competitive Landscape Assessment: Examination of the competitive landscape, featuring company overviews, strategies, and product portfolios.
Market Segmentation for a Granular View

The report segments the AI in retail market based on various factors to provide a deeper understanding:

Type: Online vs. Offline Retail
Solution:
Product Recommendation & Planning
Customer Relationship Management (CRM)
Visual Search & Chatbots
Price Optimization & Payment Services Management
Supply Chain Management & Demand Planning
Other AI-powered solutions
Technology: Machine Learning & Deep Learning, Natural Language Processing (NLP), Others
Deployment Mode: Cloud vs. On-Premises
Application:
Predictive Merchandising & Programmatic Advertising
Market Forecasting & In-Store Visual Monitoring
Location-Based Marketing & Other Retail Applications
Global Reach with Regional Variations Analyzed

The report provides a detailed regional analysis of the AI in retail market, examining the influence of major regions like North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. This regional breakdown allows market players to gain a better perspective on target audiences and stay ahead of the competition.

Key Players Shaping the AI in Retail Market

The report features leading AI in retail solution providers across different regions:

North America: IBM, Microsoft, Amazon Web Services (AWS), Oracle, SAP, Google, NVIDIA, Intel, Salesforce, ViSenze, Inbenta Technologies, Interactions LLC, Lexalytics
Asia Pacific: Baidu
Global: BloomReach, CognitiveScale, NEXT IT, RetailNext
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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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