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Artificial intelligence in retail market is on the verge of crossing USD 5,034.0 million in 2022 according to new research report

Telecommunications Market Research

Artificial Intelligence in Retail Market to show a lucrative CAGR of 38.3% during the forecast period 2017 -2022

The Artificial Intelligence (AI) in retail market is expected to grow from USD 993.6 Million in 2017 to USD 5,034.0 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 38.3%. Factors such as increasing necessity for surveillance and monitoring at a physical store, growing awareness, and application of AI, enhanced user-experience, improved productivity, Return on Investment (RoI), maintaining inventory accuracy, and supply chain optimization are driving the global AI in retail market.

The report provides detailed insights into the global AI in retail market, which is segmented by type, technology, solution, service, deployment mode, application, and region. In the types, the online (eCommerce) retail market will have the largest market share during the forecast period.