Key Target audience for Artificial Intelligence in retail is retail solutions, platforms, and service providers, AI system providers. IBM, Google, Microsoft, NVIDIA, Intel, and Amazon Web Services are some of the companies that provide AI in retail products and services.
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The key vendors profiled in the report are as follows such as IBM (US), Microsoft (US), Amazon Web Services (US), Oracle (US), SAP (Germany), Intel (US), NVIDIA (US), Google (US), Sentient technologies (US), Sales force (US), ViSenze (Singapore).
North America is the highest contributor in the adoption and implementation of AI in retail. Artificial Intelligence in Retail Market Key Target Audience are
- AI in retail solutions, platforms, and service providers
- Research organizations and consulting companies
- Information security directors/managers
- Government organizations
- Consultants/advisory firms
- Managed service providers
- AI system providers
- Venture capitalists, private equity firms, and startup companies
- AI in retail application builders
Artificial intelligence in retail market report provides detailed insights into the global AI in retail market to 2022. North America is expected to have the largest market size during the forecast period.
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The region, including the US and Canada, has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. In the present-day situation, diverse organizations in the retail and e Commerce in North America are extensively implementing AI solutions.
In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with the key people. The break-up of the profiles of the primary participants is given below:
- By Company: Tier 1:18%, Tier 2: 48%, and Tier 3:34%
- By Designation: C-level: 22%, Director level:43%, and Others:35%
- By Region: North America: 23%, Europe:48%, APAC:16%,andMEA: 13%
Moreover, many retailers in the region are technically advanced and are evolving to increase revenue and sales at the same time to decrease operational expenses. IBM, Google, Microsoft, NVIDIA, Intel, and Amazon Web Services are some of the companies that provide AI in retail products and services in North America, contributing to the highest revenue generated by the region.
The report is majorly segmented into types, technologies, solutions, services, deployment modes, applications, and region. Further, AI in retail market based on type includes online (e Commerce) and offline (brick-and-mortar store) retail.
Technology segment is sub-segmented into machine learning and deep learning, NLP, and others which include analytics and process automation.
Professional services and managed services are segmented under services segment. Further, deployment mode includes cloud and on-premise deployment, whereas application segment includes predictive merchandising, programmatic advertising, market forecasting, in-store visual monitoring and surveillance, location-based marketing, and others (real-time pricing and incentives, and real-time product targeting).
The regions are segmented into North America, Europe, APAC, Latin America, and Middle East and Africa (MEA).
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The report will help the market leaders/new entrants in this market in the following ways:
- The report segments the market into various sub segments; hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and the sub segments. The market numbers are further split across different regions.
- The report helps stakeholders to understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
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