The Artificial Intelligence (AI) In Retail Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Artificial Intelligence (AI) In Retail Market?
The market size of artificial intelligence (AI) in retail has seen significant expansion in the past years. Its growth is projected to increase from $11.9 billion in 2024 to $15.51 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 30.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Artificial Intelligence (AI) In Retail Industry?
The artificial intelligence (AI) in retail market is anticipated to expand significantly in the near future. By 2029, the market is projected to reach $44.43 billion, with a compound annual growth rate (CAGR) of 30.1%.
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What are the Key Growth Drivers Fueling the Artificial Intelligence (AI) In Retail Market?
The key drivers in the artificial intelligence (ai) in retail market are:
• Adoption of machine learning technologies
• Growing demand for AI services
• Improvement in user experience and productivity through AI
• Expansion of the market into new regions
Global Market Segmentation: Identifying Major Artificial Intelligence (AI) In Retail Industry Segments
The artificial intelligence (AI) in retail market covered in this report is segmented –
1) By Component: Solution, Service
2) By Technology: Machine Learning, Natural Language Processing, Chatbots, Image And Video Analytics, Swarm Intelligence
3) By Deployment: Cloud, On-Premise
4) By Channel: Omnichannel, Brick And Mortar, Pure-Play Online Retailers
5) By Application: Customer Relationship Management, Supply Chain And Logistics In-Store, Navigation Inventory Management, Product Optimization, Payment And Pricing Analytics
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What are the Emerging Trends Shaping the Future of the Artificial Intelligence (AI) In Retail Market?
The key trends in the artificial intelligence (ai) in retail market are:
• The adoption of machine learning techniques is an emerging trend.
• There is an increasing demand for AI services in the retail sector.
• Enhanced user experience and productivity is shaping the future of AI in retail.
• Expansion into regional markets is a significant future trend.
Who Are the Top Competitors & Leading Players in the Artificial Intelligence (AI) In Retail Market?
Major companies in the artificial intelligence (ai) in retail market are:
• Google LLC
• Microsoft Corporation
• Amazon Web Services
• Intel Corporation
• International Business Machines Corporation
• Oracle Corporation
• SAP SE
• Presto
• NVIDIA Corporation
• Salesforce Inc.
• Baidu Inc.
• ViSenze
• Travelport
• Databricks
• DATAIKU
• Symbotic
• BloomReach Inc.
• Trax
• Interactions LLC
• Featurespace
• RetailNext Inc.
• Trigo
• Standard Cognition
• CognitiveScale Inc.
• BrainBox AI
• Inbenta Technologies
• Next IT Corp.
• Infinite Analytics
• Lexalytics Inc.
• Sentient Technologies
Regional Dominance: Which Area Leads the Global Artificial Intelligence (AI) In Retail Market?
North America was the largest region in the artificial intelligence (AI) in retail market in 2024
