Artificial Intelligence (AI) in Retail Market Analysis and Forecast to 2031: By Type (Online, Offline), Technology (Machine Learning and Deep Learning, NLP, Others), and Region

Artificial intelligence (AI) in retail is the application of artificial intelligence technologies to the retail industry. AI can be used in retail for tasks such as automated customer service, product recommendations, and fraud detection.

AI can improve the customer experience in retail by providing personalized recommendations and automated customer service. AI can also help retailers improve their operations by optimizing stock levels and identifying opportunities for cost savings. Finally, AI can help retailers detect and prevent fraud.

Key Trends

There are three key trends in Artificial Intelligence (AI) in Retail technology:

1. The use of AI to personalize the shopping experience
2. The use of AI to improve customer service
3. The use of AI to streamline the supply chain

Key Drivers

Artificial intelligence in retail is still in its early developmental stages. However, there are a number of potential applications and use cases that are starting to emerge. The key drivers of AI in retail can be summarized into three main areas:

1. Enhancing the customer experience: AI can be used to personalize the shopping experience for customers and provide them with recommendations for products and services that they may be interested in. This can help to increase customer satisfaction and loyalty.

2. Improving operational efficiency: AI can be used to streamline and automate various retail operations such as inventory management, order fulfilment, and customer service. This can help to improve efficiency and reduce costs.

3. Generating new insights: AI can be used to analyze large data sets to generate insights that can help with decision-making around product development, marketing, and pricing. This can help retailers to better understand their customers and stay ahead of the competition.

Restraints & Challenges

The key restraints and challenges in Artificial Intelligence (AI) in Retail market are:

1. Lack of data: In order to train AI models, large amounts of data are required. However, in the retail sector, data is often siloed and not readily available.

2. Lack of expertise: AI is a relatively new technology and there is a lack of expertise in the retail sector. This can make it difficult to implement AI solutions.

3. Costs: AI solutions can be costly to implement and maintain.

4. Ethical concerns: There are ethical concerns around the use of AI, particularly around the use of personal data.

Market Segmentation

The Artificial Intelligence (AI) in Retail Market is segmented by type, technology, and region. By type, the market is classified into online and offline. By technology, the market is bifurcated into machine learning and deep learning, NLP, and others. By region, the market is divided into North America, Europe, Asia-Pacific, and rest of the world.

Key Players

The key players in the Artificial Intelligence (AI) in Retail Market are Google LLC, Salesforce.com Inc., Oracle Corporation, SAP SE, Accenture PL, Infosys Limited, Intel Corporation, Amazon.com Inc., ViSenze Pte. Ltd. and Evolv Technology Solutions Inc.

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Artificial Intelligence (AI) in Retail Market Outlook
3.1. Artificial Intelligence (AI) in Retail Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Artificial Intelligence (AI) in Retail Market

Chapter 4. Economic Impact of COVID-19 on Artificial Intelligence (AI) in Retail Market
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Artificial Intelligence (AI) in Retail Market
4.3. Economic Impact Analysis

Chapter 5. Artificial Intelligence (AI) in Retail Market by Type
5.1. Market Overview
5.2. Online
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Offline
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Artificial Intelligence (AI) in Retail Market by Technology
6.1. Market Overview
6.2. Machine Learning and Deep Learning
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Natural Language Processing
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Others
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Artificial Intelligence (AI) in Retail Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.3. North America Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.2.4. North America Artificial Intelligence (AI) in Retail Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.5.2. The U.S. Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.6.2. Canada Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.7.2. Mexico Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.3. Europe Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.4. Europe Artificial Intelligence (AI) in Retail Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.5.2. Germany Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.6.2. France Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.7.2. U.K. Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.8.2. Spain Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.9.2. Italy Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.10.2. Rest of Europe Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Artificial Intelligence (AI) in Retail Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.4.4. Asia-Pacific Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.5.2. China Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.6.2. India Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.7.2. Japan Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.8.2. South Korea Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.3. Rest of the World Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.5.4. Rest of the World Artificial Intelligence (AI) in Retail Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.5.2. Latin America Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.6.2. Middle East Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Artificial Intelligence (AI) in Retail Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.7.2. Africa Artificial Intelligence (AI) in Retail Market Size and Forecast by Technology, 2021-2031, ($Million)

Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. Google LLC
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Salesforce.com Inc.
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Oracle Corporation
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. SAP SE
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Accenture PLC
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Infosys Limited
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Intel Corporation
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. Amazon.com Inc.
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. ViSenze Pte. Ltd.
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Evolv Technology Solutions Inc.
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report
Market Segmentation

 By Type

  • Online
  • Offline

By Technology

  • Machine Learning and Deep Learning
  • Natural Language Processing
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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