Title: Artificial Intelligence In Retail Market
1Artificial Intelligence In Retail MarketMarket
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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- Global Retail Artificial Intelligence Market
generated a value of 1,524.3 million in 2020 and
is estimated to reach 10,164.7 million by 2026,
growing at a CAGR of 40.10 during the forecast
period of 2021-2026. - Artificial Intelligence in retail enables faster
business decisions based on outputs from
cognitive technologies and saves time and money
by automating and optimizing routine processes
and tasks. - Business leaders are looking for ways to sharpen
their competitive edge, and are implementing AI
to improve the standards, customer experience,
and revenues.
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- Key Takeaways
- By Implementation, Cloud hosting segment is the
major segment generating revenue of 916.26m in
2020 and is forecast to generate 6,993m by 2026.
This is mainly owing to its agility which helps
in upscale and downscale depending upon - By Technology, Machine Learning segment held the
major share by generating a revenue of 698.83m in
2020 and is estimated to grow at a CAGR of 40.90
during the forecast period 2021-2026.
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- Segment Analysis - By Application
- By Application, Warehouse segment is the major
revenue generating segment with 403.53m in 2020
and is forecast to generate 2,969.39m by 2026.
This is mainly owing to the use of robots to
automate and speed up work. - The Retail Artificial Intelligence is all around
us, all the business have been using AI
technology to improve the decision-making
process, and the use of Customer Relationship
Management (CRM) is growing as well.
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- AI in Retail top 10 companies
- Amazon Web Service
- Microsoft Corporation.
- Google Inc.
- Alphabet Inc.
- IBM Corporation
- SAP.
- and others
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Contact (1) 970-236-3677
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