AI in Retail Market Analysis

The market is segmented by application into supply chain and logistics, product optimization, in-store navigation, payment and pricing analytics, inventory management, and customer relationship management. Out of these, the product optimization segment is anticipated to hold the largest share in the global AI In retail market on account of the rising emphasis of companies on product recommendation and planning, and growing advancements in big data analytics. Moreover, on the basis of technology, the segment for natural language processing is assessed to grab the largest share during the forecast period owing to the increase in funding to leverage voice-based technologies for developing interactive online and in-store conversational AI platforms. In addition, integration of chatbots with social media platforms is also evaluated to boost the growth of the market segment in the future.

Our in-depth analysis of the global market includes the following segments